宏观金融数据日报-20250711

Report Summary 1. Report Industry Investment Rating There is no information provided about the report industry investment rating in the given content. 2. Core Viewpoints - In the short - term, with few domestic and foreign positive factors, the market sentiment and liquidity are fair, and the stock index may show a relatively strong oscillatory pattern. - In the long - term, the Politburo meeting at the end of July will set the policy tone for the second half of the year. Given the possible further deterioration of real estate sales and investment and the overall weakness of consumption, policies are expected to further strengthen to support domestic demand. - The uncertainty of US tariff policies, the approaching Fed rate - cut time, and changes in overseas liquidity and geopolitical patterns will bring periodic trading opportunities for the stock index [4]. 3. Summary by Related Content Money Market - DR001 closed at 1.32 with a 0.58bp increase, DR007 at 1.49 with a 1.78bp increase, GC001 at 1.16 with a 27.50bp decrease, and GC007 at 1.49 with a 2.00bp decrease. SHBOR 3M closed at 1.56 with a 0.30bp decrease, and LPR 5 - year remained at 3.50. - 1 - year, 5 - year, and 10 - year treasury bonds closed at 1.37, 1.51, and 1.66 respectively, with increases of 1.25bp, 2.25bp, and 1.35bp. The 10 - year US Treasury bond closed at 4.34 with an 8.00bp decrease. - The central bank conducted 90 billion yuan of 7 - day reverse repurchase operations yesterday, with 57.2 billion yuan of reverse repurchases maturing, resulting in a net injection of 32.8 billion yuan. This week, there are 652.2 billion yuan of reverse repurchases maturing in the central bank's open - market operations, with 34 billion yuan maturing on Friday. The inter - bank market liquidity has further eased, and major repurchase rates have declined [4]. Stock Index Market - The closing prices of major stock indices on the previous day: CSI 300 at 4010 (up 0.47%), SSE 50 at 2757 (up 0.62%), CSI 500 at 2983 (up 0.50%), and CSI 1000 at 6407 (up 0.25%). The trading volume of IF, IH, IC, and IM increased by 18.2%, 32.7%, 3.7%, and 3.6% respectively, and the positions increased by 4.8%, 11.2%, 2.4%, and 3.5% respectively. - The previous day's trading volume in the two stock markets was 1.4942 trillion yuan, a slight reduction of 11 billion yuan. Most industry sectors rose, with real estate development, engineering consulting services, etc. leading the gains, and jewelry, shipbuilding leading the losses. - The expectation of real - estate policies resurfaced yesterday, and the "small essays" on real - estate significantly boosted the real - estate and building - materials sectors. It is rumored that a central urban work conference will be held next week, which may make policy arrangements for restarting the shantytown renovation [4]. Futures Contract Premium and Discount Situation - The premium and discount rates of IF, IH, IC, and IM contracts in different periods are provided, with some contracts showing premium and others showing discount [4].