金融期货日报-20250805

Report Industry Investment Rating No relevant content provided. Core Views Index Futures - Trump threatens to significantly increase tariffs on India over oil purchases from Russia; Switzerland plans to offer a more attractive trade proposal to the US to reduce tariffs; the President of the San Francisco Fed predicts more than two interest rate cuts this year; the former third - in - command of the Fed believes internal differences are exaggerated. A - share new account openings in July increased by 71%. With high margin trading in China, a decline in fund holding ratios, and the Politburo meeting not exceeding expectations, there may be minor fluctuations during the intensive semi - annual report disclosure period in late August, and index futures may oscillate [1]. Treasury Bond Futures - After the announcement of the resumption of VAT on interest income from government bonds, local government bonds, and financial bonds on Friday, there was a wave of "scrambling for old bonds" in the bond market. On Monday, the yield of active bonds dropped by 1 - 1.5BP compared to Friday's last trading. Without major positive or negative factors, the market may return to low - volatility, and the 10 - year Treasury bond may oscillate within a narrow range around 1.70 [2]. Market Review Index Futures - The main contract futures of CSI 300 rose 0.52%, SSE 50 rose 0.54%, CSI 500 rose 0.97%, and CSI 1000 rose 1.42% [4]. Treasury Bond Futures - The 10 - year main contract rose 0.02%, the 5 - year main contract fell 0.01%, the 30 - year main contract rose 0.08%, and the 2 - year main contract remained unchanged [5]. Technical Analysis Index Futures - The KDJ indicator shows a rebound trend for the broader market [4]. Treasury Bond Futures - The MACD indicator shows that the T main contract may rebound [6]. Strategy Suggestions Index Futures - Oscillate [1]. Treasury Bond Futures - Oscillate [2]. Futures Data (2025 - 08 - 04) | Futures Variety | Closing Price (Yuan/Contract) | Change (%) | Trading Volume (Lots) | Open Interest (Lots) | | --- | --- | --- | --- | --- | | CSI 300 Main Continuous | 4,052.80 | 0.52 | 44,736 | 146,808 | | SSE 50 Main Continuous | 2,770.40 | 0.54 | 24,294 | 56,661 | | CSI 500 Main Continuous | 6,169.00 | 0.97 | 42,885 | 102,178 | | CSI 1000 Main Continuous | 6,642.60 | 1.42 | 119,420 | 177,500 | | 10 - year Treasury Bond Main Continuous | 108.47 | 0.02 | 77,910 | 175,703 | | 5 - year Treasury Bond Main Continuous | 105.72 | - 0.01 | 62,616 | 128,789 | | 30 - year Treasury Bond Main Continuous | 119.19 | 0.08 | 122,755 | 105,770 | | 2 - year Treasury Bond Main Continuous | 102.35 | 0.00 | 36,387 | 90,529 | [7]