大类资产早报-20250925

Report Information - Report Date: September 25, 2025 [1] - Report Author: Research Center Macro Team of Guanyi Futures [1] Global Asset Market Performance 10-Year Treasury Yields of Major Economies - On September 24, 2025, the 10-year Treasury yields in the US, UK, France, etc., were 4.148%, 4.668%, 3.568% respectively. There were various changes in the latest, weekly, monthly, and yearly periods. For example, the latest change in the US was 0.041, and the one-year change was 0.443 [2]. 2-Year Treasury Yields of Major Economies - On September 24, 2025, the 2-year Treasury yields in the US, UK, Germany, etc., were 3.610%, 3.948%, 2.020 respectively. There were also different changes in different time periods. For instance, the latest change in the US was 0.040, and the one-year change was -0.030 [2]. US Dollar Exchange Rates Against Major Emerging Economies' Currencies - On September 24, 2025, the exchange rates of the US dollar against the Brazilian real, South African rand, South Korean won, etc., were 5.331, 17.347, 1404.300 respectively. There were percentage changes in the latest, weekly, monthly, and yearly periods. For example, the latest change in the US dollar against the Brazilian real was 0.93%, and the one-year change was -2.37% [2]. Stock Indices of Major Economies - On September 24, 2025, the closing prices of the S&P 500, Dow Jones Industrial Average, NASDAQ, etc., were 6637.970, 46121.280, 22497.860 respectively. There were percentage changes in the latest, weekly, monthly, and yearly periods. For example, the latest change in the S&P 500 was -0.28%, and the one-year change was 18.15% [2]. Credit Bond Indices - There were different changes in the latest, weekly, monthly, and yearly periods for US investment - grade, euro - zone investment - grade, emerging economies' investment - grade credit bond indices, etc. For example, the latest change in the US investment - grade credit bond index was -0.28%, and the one - year change was 3.38% [2][3] Stock Index Futures Trading Data Index Performance - The closing prices of A - shares, CSI 300, SSE 50, etc., were 3853.64, 4566.07, 2939.51 respectively, with corresponding percentage changes. For example, the A - share index had a 0.83% increase [4]. Valuation - The PE(TTM) of CSI 300, SSE 50, CSI 500, etc., were 14.10, 11.69, 34.83 respectively, with corresponding环比 changes [4]. Risk Premium - The risk premiums (1/PE - 10 - year interest rate) of S&P 500 and German DAX were -0.53 and 2.37 respectively, with corresponding环比 changes [4]. Fund Flows - The latest values of fund flows into A - shares, the main board, etc., were 930.68, 373.77 respectively, and there were corresponding 5 - day average values [4]. Trading Volume - The latest trading volumes of the Shanghai and Shenzhen stock markets, CSI 300, SSE 50, etc., were 23267.84, 6291.62, 1571.95 respectively, with corresponding环比 changes [4]. Main Contract Basis - The basis of IF, IH, IC were -36.07, 0.29, -166.71 respectively, with corresponding percentage changes [4] Treasury Futures Trading Data - The closing prices of T00, TF00, T01, TF01 were 107.650, 105.565, 107.305, 105.445 respectively, with corresponding percentage changes. The R001, R007, SHIBOR - 3M in the money market had daily changes in basis points [5]