宏观金融数据日报-20250925

Group 1: Market Interest Rates and Central Bank Operations - DRO01 closed at 1.44 with a 2.41bp increase, DR007 at 1.59 with an 11.09bp increase, GC001 at 1.64 with a 2.00bp increase, GC007 at 1.92 with a 12.50bp increase, SHBOR 3M at 1.57 with a 0.40bp increase, LPR 5 - year at 3.50 with no change, 1 - year treasury at 1.37 with a 1.50bp increase, 5 - year treasury at 1.64 with a 2.50bp increase, 10 - year treasury at 1.82 with a 2.20bp increase, and 10 - year US treasury at 4.12 with a 3.00bp decrease [3] - The central bank conducted 4015 billion yuan of 7 - day reverse repurchase operations, with 4185 billion yuan of reverse repurchases maturing, resulting in a net withdrawal of 170 billion yuan [3] - This week, 18268 billion yuan of reverse repurchases will mature in the central bank's open market, and 3000 billion yuan of MLF will mature on September 25 [4] Group 2: Stock Index Performance - The CSI 300 rose 1.02% to 4566.1, the SSE 50 rose 0.68% to 2939.5, the CSI 500 rose 1.99% to 7323.7, and the CSI 1000 rose 1.7% to 7534.2 [5] - The trading volume of the two stock markets in Shanghai and Shenzhen reached 23268 billion yuan, a decrease of 1676 billion yuan compared to the previous day. Most industry sectors rose, with only the tourism and hotel sector falling [5] Group 3: Futures Market Performance - The trading volume and positions of IF, IH, IC, and IM futures contracts all decreased to varying degrees [5] - The IF next - month contract had an annualized premium of 3.40%, the IH next - month contract had an annualized discount of - 0.06%, the IC next - month contract had an annualized premium of 9.44%, and the IM next - month contract had an annualized premium of 12.51% [7] Group 4: Market Outlook - The macro - environment is generally positive for stock indices. Overseas, Sino - US economic and trade talks have sent positive signals, and the Fed's first interest rate cut this year is beneficial to A - shares. Domestically, poor economic data has led to stronger policy expectations [6] - The stock index trend remains bullish, but the policy aims for a "slow - bull" pattern. It is recommended to adjust and go long, and control positions before the holiday [6]