大类资产早报-20250725

Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - No explicit core viewpoints are presented in the given content. The report mainly offers data on the performance of various global asset markets. 3. Summary by Related Catalogs Global Asset Market Performance - 10 - Year Treasury Yields of Major Economies: On July 24, 2025, yields varied across countries. For instance, the US was at 4.398%, and Japan at 3.917%. Yields showed different changes in the latest, weekly, monthly, and yearly periods. For example, the US had a latest change of 0.015, a weekly change of - 0.055, a monthly change of 0.155, and a yearly change of 0.239 [3]. - 2 - Year Treasury Yields of Major Economies: Similar to the 10 - year yields, 2 - year yields were also presented for different economies on July 24, 2025. The US 2 - year yield was 3.830, with a latest change of - 0.020, a weekly change of - 0.120, a monthly change of - 0.070, and a yearly change of - 0.620 [3]. - USD Exchange Rates Against Major Emerging - Market Currencies: On July 24, 2025, the exchange rates and their changes were provided. For example, the USD - BRL rate was 5.520, with a latest change of 0.01%, a weekly change of - 0.46%, a monthly change of 0.57%, and a yearly change of 1.69% [3]. - Stock Indices of Major Economies: Stock indices of various economies were reported on July 24, 2025. The S&P 500 was at 6363.350, with a latest change of 0.07% and 1.05%, a weekly change of 3.62%, a monthly change of 3.01%, and a yearly change of 12.28% [3]. - Credit Bond Indices: Different credit bond indices were presented on July 24, 2025. The US investment - grade credit bond index was 3414.280, with a latest change of - 0.06%, a weekly change of 0.47%, a monthly change of - 0.06%, and a yearly change of 4.51% [3][4]. Stock Index Futures Trading Data - Index Performance: A - shares closed at 3605.73 with a 0.65% increase. The CSI 300 closed at 4149.04 with a 0.71% increase, the SSE 50 at 2812.44 with a 0.40% increase, the ChiNext at 2345.37 with a 1.50% increase, and the CSI 500 at 6293.60 with a 1.56% increase [5]. - Valuation: The PE (TTM) of the CSI 300 was 13.59 with a 0.05环比 change, the SSE 50 was 11.48 with a - 0.01环比 change, the CSI 500 was 30.76 with a 0.43环比 change, the S&P 500 was 27.00 with a 0.02环比 change, and the German DAX was 20.78 with a 0.04环比 change [5]. - Risk Premium: The risk premium of the S&P 500 was - 0.69 with a - 0.01环比 change, and the German DAX was 2.11 with a - 0.07环比 change [5]. - Fund Flows: The latest values of fund flows for A - shares, the main board, the SME board, the ChiNext, and the CSI 300 were 542.05, 313.60, N/A, 174.27, and 204.32 respectively. The 5 - day average values were - 313.86, - 182.93, N/A, - 121.12, and 55.64 respectively [5]. - Trading Volume: The latest trading volumes of the Shanghai and Shenzhen stock markets, the CSI 300, the SSE 50, the SME board, and the ChiNext were 18447.06, 4870.00, 1181.38, 3524.88, and 4582.37 respectively. The环比 changes were - 198.94, 166.69, - 127.52, - 128.77, and 94.99 respectively [5]. - Basis and Spread: The basis of IF was - 7.84 with a - 0.19% spread, the SSE 50 was 4.16 with a 0.15% spread, and the CSI 500 was - 67.60 with a - 1.07% spread [5]. Treasury Futures Trading Data - Treasury futures T00, TF00, T01, and TF01 closed at 108.220, 105.585, 108.255, and 105.665 respectively, with changes of - 0.11%, - 0.09%, - 0.09%, and - 0.09% respectively [6]. - The money market rates R001, R007, and SHIBOR - 3M were 1.6924%, 1.6012%, and 1.5530% respectively, with daily changes of 19.00, 10.00, and 0.00 basis points respectively [6].