金融期货日报-20250807

Report Industry Investment Rating No relevant content provided. Core Views Index Futures - Trump plans to impose a 100% tariff on chip products, with companies like Apple building factories in the US being exempt; under tariff pressure, Apple invests an additional $100 billion in US manufacturing. Trump orders an extra 25% tariff on India, but Apple is unaffected. Indian media reports that Modi will visit China from August 31 to September 1 to attend the SCO Tianjin Summit. The Swiss leader's attempt to persuade Trump before the 39% tariff takes effect is allegedly unsuccessful. The US-Japan trade agreement dispute persists, and the US plans to impose an additional 15% tariff on the existing tariff basis. With the expectation of a Fed rate cut and the resilience of the domestic market, the stock market trading volume and index continue to recover, and index futures may fluctuate [1]. Treasury Bond Futures - Recently, as the macro narrative temporarily fades, a low-volatility state may return to the bond market. Coupled with the refined operation of the roll spread by trading desks, the narrowing of the recent fluctuation range may be inevitable. In the short term, the relatively favorable conditions for the bond market mainly come from: the window period of macro data and the expectation that data such as social financing may weaken, the continuous stable and loose capital situation, and the need for some institutions to replenish positions after portfolio adjustments. However, the previous bond market adjustment was not a deep one, so the recent recovery will also be relatively limited [2]. Strategy Recommendations Index Futures - Fluctuate [1]. Treasury Bond Futures - Fluctuate [2]. Market Review Index Futures - The main contract futures of CSI 300 rose 0.37%, the main contract futures of SSE 50 rose 0.19%, the main contract futures of CSI 500 rose 1.09%, and the main contract futures of CSI 1000 rose 1.34% [4]. Treasury Bond Futures - The 10-year main contract remained unchanged, the 5-year main contract rose 0.02%, the 30-year main contract fell 0.04%, and the 2-year main contract rose 0.02% [5]. Technical Analysis Index Futures - The KDJ indicator shows that the market has a rebound trend [4]. Treasury Bond Futures - The MACD indicator shows that the T main contract may rebound [6]. Futures Data | Date | Futures Variety | Closing Price (yuan/piece) | Change (%) | Trading Volume (lots) | Open Interest (lots) | | --- | --- | --- | --- | --- | --- | | 2025-08-06 | CSI 300 Continuous | 4,097.00 | 0.37 | 42,038 | 144,956 | | 2025-08-06 | SSE 50 Continuous | 2,796.20 | 0.19 | 23,697 | 55,640 | | 2025-08-06 | CSI 500 Continuous | 6,263.20 | 1.09 | 37,260 | 103,512 | | 2025-08-06 | CSI 1000 Continuous | 6,762.60 | 1.34 | 106,338 | 178,409 | | 2025-08-06 | 10-Year Treasury Bond Continuous | 108.56 | 0.00 | 64,393 | 170,929 | | 2025-08-06 | 5-Year Treasury Bond Continuous | 105.78 | 0.02 | 47,098 | 121,825 | | 2025-08-06 | 30-Year Treasury Bond Continuous | 119.33 | -0.04 | 78,797 | 100,822 | | 2025-08-06 | 2-Year Treasury Bond Continuous | 102.37 | 0.02 | 27,216 | 86,480 | [7]