宏观金融数据日报-20250805

Group 1: Market Data and Repo Operations - The closing price of DROO1 is 1.31, up 0.07 bp; DR007 is 1.45, up 2.76 bp; GC001 is 1.31, up 1.50 bp; GC007 is 1.46, down 0.50 bp; SHBOR 3M is 1.56, down 0.40 bp; LPR 5 - year is 3.50, unchanged; 1 - year treasury bond is 1.37, down 0.40 bp; 5 - year treasury bond is 1.58, up 0.81 bp; 10 - year treasury bond is 1.71, up 0.42 bp; 10 - year US treasury bond is 4.23, down 14.00 bp [4] - The central bank conducted 544.8 billion yuan of 7 - day reverse repurchase operations at an interest rate of 1.40%, with 105.8 billion yuan of reverse repurchase maturing on the same day and 495.8 billion yuan maturing in total. The net investment on the day was 49 billion yuan [4] - This week, 1,663.2 billion yuan of reverse repurchases in the central bank's open market will mature, with 495.8 billion, 449.2 billion, 309 billion, 283.2 billion, and 126 billion yuan maturing from Monday to Friday respectively [4] Group 2: Stock Index Market - The CSI 300 rose 0.39% to 4070.7; SSE 50 rose 0.55% to 2769.4; CSI 500 rose 0.78% to 6261.7; CSI 1000 rose 1.04% to 6739.7. The trading volume of the two stock markets in Shanghai and Shenzhen was 1,498.6 billion yuan, a decrease of 99.8 billion yuan from last Friday [4] - Most industry sectors closed higher, with aerospace, precious metals, motors, instrumentation, general equipment, jewelry, shipbuilding, auto parts, and plastic products leading the gains, while commercial department stores and insurance sectors leading the losses [4] - After a short - term "profit - taking" trading, the stock index regained its strong trend. The current stock index valuation is still supported. Taking the CSI 300 as an example, although its P/E ratio has returned to the median, the ERP is still at a historical high (74.25% quantile). With Huijin supporting liquidity, valuation factors are expected to continue to play a role. The strategy is to go long on the stock index this week [5] Group 3: Futures Market - Ascending and Descending Water Conditions - IF ascending and descending water conditions: the current - month contract is 4.49%, the next - month contract is 0.00%, the current - quarter contract is 0.01%, and the next - quarter contract is 3.06% [6] - IH ascending and descending water conditions: the current - month contract is - 0.97%, the next - month contract is - 0.29% (11.75% annualized), the current - quarter contract is - 0.27% (10.52% annualized), and the next - quarter contract is - 0.23% (9.63% annualized) [6] - IC ascending and descending water conditions: the current - month contract is 16.50%, the current - quarter contract is 11.29%, and the next - quarter contract is 10.92% [6] - IM ascending and descending water conditions: the current - month contract is 13.73%, and the next - month contract is 11.43% [6]