宏观金融数据日报-20250722

Report Summary 1. Market Data - DR001 closed at 1.36 with a -9.56bp change, DR007 at 1.49 with a -1.66bp change, GC001 at 1.36 with a 4.00bp change, and GC007 at 1.47 with a -1.00bp change [3] - SHBOR 3M closed at 1.55 with a -0.20bp change, LPR 5 - year at 3.50 with a 0.00bp change [3] - 1 - year, 5 - year, and 10 - year Chinese treasury bonds closed at 1.35, 1.52, and 1.68 respectively, with changes of 0.25bp, 1.65bp, and 1.10bp; 10 - year US treasury bonds closed at 4.44 with a -3.00bp change [3] - The central bank conducted 1707 billion yuan of 7 - day reverse repurchase operations at an interest rate of 1.40%, with 2262 billion yuan of reverse repurchases maturing, resulting in a net withdrawal of 555 billion yuan [3] - This week, 17268 billion yuan of reverse repurchases will mature, with 2000 billion yuan of MLF maturing on July 25 and 1200 billion yuan of treasury cash fixed - deposits maturing on July 22 [4] 2. Stock Index Data - The CSI 300, SSE 50, CSI 500, and CSI 1000 closed at 4086, 2772, 6161.3, and 6612.3 respectively, with changes of 0.67%, 0.28%, 1.01%, and 0.92% [5] - IF, IH, IC, and IM contracts' closing prices and changes are presented, along with their volume and open interest changes [5] - The trading volume of the A - share market reached 1.7 trillion yuan, an increase of 1289 billion yuan from last Friday, with most sectors rising and the banking sector falling [5] 3. Core Views - With the end of the tax - payment period, inter - bank market funds are abundant [4] - The upcoming policies for ten key industries and the start of a major hydropower project are positive factors [6] - Domestic and overseas factors are generally positive, with A - share liquidity and market sentiment strong, and stock indices expected to be bullish [6] 4. Futures Premium and Discount - The premium and discount rates of IF, IH, IC, and IM contracts for different delivery months are provided [7]