宏观金融数据日报-20251027

Report Industry Investment Rating - No information provided Core View of the Report - The short - term shock adjustment of stock indices is mainly affected by intensified overseas disturbances and adjustments in some high - position sectors. As unfavorable factors such as trade frictions gradually ease, stock indices are expected to return to the upward channel. With policy support and abundant macro - liquidity, even if short - term macro uncertainties increase, the adjustment space of stock indices is expected to be limited. It is recommended to take a long - term long position [8] Summary by Relevant Catalogs Interest Rate and Bond Market - Interest rate products' closing prices and changes: DRO01 closed at 1.32 with a 0.52bp increase; DR007 at 1.41 with a 1.57bp decrease; GC001 at 1.40 with a 5.50bp decrease; GC007 at 1.57 with a 6.50bp increase; SHBOR 3M at 1.59 with no change; LPR 5 - year at 3.50 with no change; 1 - year treasury bond at 1.48 with a 0.25bp decrease; 5 - year treasury bond at 1.62 with a 0.82bp increase; 10 - year treasury bond at 1.85 with a 0.50bp increase; 10 - year US treasury bond at 4.02 with a 1.00bp increase [4] - Last week, the central bank conducted 8672 billion yuan of reverse repurchase and 1200 billion yuan of treasury cash fixed - deposit operations in the open market, with 7891 billion yuan of reverse repurchase maturing, resulting in a net investment (including treasury cash) of 1981 billion yuan [4] - This week, 8672 billion yuan of reverse repurchase will mature in the central bank's open market, with 1890 billion, 1595 billion, 1382 billion, 2125 billion, and 1680 billion yuan maturing from Monday to Friday respectively. Also, 7000 billion yuan of MLF will mature on Monday and 5000 billion yuan of 182 - day outright reverse repurchase will mature on Wednesday [5] Stock Market - Stock index closing prices and changes: CSI 300 closed at 4661 with a 1.18% increase; SSE 50 at 3046 with a 0.62% increase; CSI 500 at 7259 with a 1.62% increase; CSI 1000 at 7419 with a 1.52% increase. Futures closing prices and changes: IF current - month contract at 4648 with a 1.2% increase; IH current - month contract at 3048 with a 0.8% increase; IC current - month contract at 7212 with a 1.7% increase; IM current - month contract at 7369 with a 1.7% increase [7] - Futures trading volume and position changes: IF trading volume was 116181 with a 9.4% decrease, and position was 255413 with a 3.5% decrease; IH trading volume was 58979 with a 2.2% decrease, and position was 95329 with a 1.4% increase; IC trading volume was 137728 with a 5.1% decrease, and position was 243604 with a 4.2% decrease; IM trading volume was 224453 with a 13.8% decrease, and position was 349089 with a 7.0% decrease [7] - Last week, CSI 300 rose 3.24% to 4660.7; SSE 50 rose 2.63% to 3045.8; CSI 500 rose 3.46% to 7258.5; CSI 1000 rose 3.25% to 7419.2. Shenwan primary industry indices generally rose, with communication (11.5%), electronics (8.5%), power equipment (4.9%), machinery and equipment (4.7%), and media (4.3%) leading the gains, while only agriculture, forestry, animal husbandry and fishery (- 1.4%) and food and beverage (- 0.9%) declined. The daily trading volume of A - shares last week was 15749 billion, 17043 billion, 15180 billion, 15106 billion, and 17592 billion yuan respectively, and the average daily trading volume decreased by 3494.9 billion yuan compared with the previous week [7] Futures Premium and Discount Situation - IF premium rates for current - month, next - month, current - quarter, and next - quarter contracts are 3.70%, 3.75%, 3.06%, and 3.10% respectively; IH premium rates are - 1.19%, - 0.62%, - 0.35%, and - 0.30% respectively; IC premium rates are 9.04%, 9.19%, 9.20% respectively; IM premium rates are 9.47%, 11.05%, 11.58%, and 11.66% respectively. The values in parentheses are annualized premium and discount rates (green for premium, red for discount) [9]