大类资产早报-20250730

Report Information - Report Title: Big Asset Morning Report - Report Date: July 30, 2025 - Report Team: Macro Team of the Research Center [1] Global Asset Market Performance 10 - Year Treasury Yields of Major Economies - Yields on July 29, 2025: The yields varied widely across countries, e.g., the US was 4.321%, the UK was 4.632%, and China was 1.747% [2] - Latest Changes: Yields in most countries had small changes, with the US down 0.091, while France, Germany, etc., had increases [2] - Weekly, Monthly, and Annual Changes: There were different trends. For example, the UK had a 0.064 increase in a week, 0.179 in a month, and 0.510 in a year [2] 2 - Year Treasury Yields of Major Economies - Yields on July 29, 2025: The US was 3.910%, the UK was 3.890%, etc. [2] - Latest Changes: The US had no change, while Germany increased by 0.023 [2] - Weekly, Monthly, and Annual Changes: Different trends were observed, e.g., the US had a 0.030 increase in a week, 0.010 in a month, and - 0.510 in a year [2] Dollar - to - Major Emerging Economies Currency Exchange Rates - Rates on July 29, 2025: Against the dollar, the Brazilian real was 5.575, the South African rand was 17.888, etc. [2] - Latest Changes: The Brazilian real decreased by 0.25%, while the South African rand increased by 0.06% [2] - Weekly, Monthly, and Annual Changes: Different trends were shown, e.g., the Brazilian real had a 0.17% increase in a week, 2.12% in a month, and - 0.41% in a year [2] Stock Indices of Major Economies - Closing Prices on July 29, 2025: The S&P 500 was 6370.860, the Dow Jones Industrial Average was 44632.990, etc. [2] - Latest Changes: The S&P 500 decreased by 0.30%, while the French CAC increased by 0.72% [2] - Weekly, Monthly, and Annual Changes: Different trends were present, e.g., the S&P 500 had a 0.97% increase in a week, 2.79% in a month, and 15.73% in a year [2] Credit Bond Indices - Latest Changes: The US investment - grade credit bond index increased by 0.53%, the emerging economies investment - grade credit bond index increased by 0.31%, etc. [2][3] - Weekly, Monthly, and Annual Changes: Different trends were seen, e.g., the US investment - grade credit bond index had a 0.41% increase in a week, 0.20% in a month, and 5.76% in a year [2][3] Stock Index Futures Trading Data Index Performance - Closing Prices: A - shares were 3609.71, the CSI 300 was 4152.02, etc. [4] - Price Changes (%): A - shares increased by 0.33%, the CSI 300 increased by 0.39%, etc. [4] Valuation - PE (TTM): The CSI 300 was 13.35, the S&P 500 was 27.03, etc. [4] -环比 Changes: The CSI 300 decreased by 0.17, the S&P 500 decreased by 0.08, etc. [4] Risk Premium - 1/PE - 10 - Year Interest Rate: The S&P 500 was - 0.62, the German DAX was 2.12 [4] -环比 Changes: The S&P 500 increased by 0.10, the German DAX decreased by 0.07 [4] Fund Flows - Latest Values: A - shares had a net outflow of 662.18, the main board had a net outflow of 680.95, etc. [4] - 5 - Day Average Values: A - shares had a net outflow of 521.14, the main board had a net outflow of 505.71, etc. [4] Trading Volume - Latest Values: The Shanghai and Shenzhen stock markets had a trading volume of 18031.71, the CSI 300 had a trading volume of 4287.64, etc. [4] -环比 Changes: The Shanghai and Shenzhen stock markets increased by 608.64, the CSI 300 increased by 219.71, etc. [4] Main Contract Premiums and Discounts - Basis: IF was - 10.62, IH was 5.41, IC was - 93.13 [4] - Premium/Discount Ratios: IF was - 0.26%, IH was 0.19%, IC was - 1.47% [4] Treasury Futures Trading Data Closing Prices - T00 was 108.130, TF00 was 105.545, T01 was 108.115, TF01 was 105.610 [5] Price Changes (%) - T00 increased by 0.20%, TF00 increased by 0.14%, T01 increased by 0.20%, TF01 increased by 0.16% [5] Money Market - The 3 - month SHIBOR was 1.5600%, with a daily change of 0.00 BP [5]