Report Summary 1. Report Industry Investment Rating - Not mentioned 2. Core Views - The central bank will resume open - market treasury bond trading operations as the bond market is running well [4] - With positive signals in Sino - US economic and trade negotiations and policy support, the stock index may return to the upward channel in the short term, and there is still room for growth in the long term. It is recommended to take long positions opportunistically [8] 3. Summary by Relevant Catalogs 3.1 Macro - Financial Data - Interest Rates: DRO01 closed at 1.40% with a - 6.42bp change, DR007 at 1.55% with a - 1.28bp change, GC001 at 1.56% with a - 11.50bp change, GC007 at 1.59% with a - 5.50bp change, SHBOR 3M at 1.60% with no change, LPR 5 - year at 3.50% with no change, 1 - year treasury at 1.32% with a - 3.20bp change, 5 - year treasury at 1.54% with a - 2.90bp change, 10 - year treasury at 1.76% with a - 0.10bp change, and 10 - year US treasury at 3.97% with a - 1.70bp change [3] - Central Bank Operations: The central bank conducted 5577 billion yuan of 7 - day reverse repurchase operations, with an operating rate of 1.40%. With 1382 billion yuan of reverse repurchases maturing, the net daily investment was 4195 billion yuan [3] 3.2 Stock Index Market - Index Performance: The CSI 300 rose 1.19% to 4748, the SSE 50 rose 0.41% to 3063, the CSI 500 rose 1.91% to 7481, and the CSI 1000 rose 1.20% to 7569. The trading volume of the Shanghai, Shenzhen, and Beijing stock exchanges was close to 2.3 trillion yuan, an increase of over 100 billion yuan from the previous day. Energy metals, photovoltaic equipment, and other sectors led the gains, while the banking and shipbuilding sectors led the losses [5][7] - Futures Volume and Open Interest: IF trading volume was 100933 with a - 10.6% change, and open interest was 258558 with a 0.2% change; IH trading volume was 45105 with a - 11.8% change, and open interest was 94975 with a - 0.8% change; IC trading volume was 134767 with a 6.6% change, and open interest was 252815 with a 4.0% change; IM trading volume was 187636 with a - 11.2% change, and open interest was 348768 with a - 1.5% change [5][7] - Futures Premium and Discount: IF had a premium of 1.48% for the current - month contract, 2.30% for the next - month contract, 2.58% for the current - quarter contract, and 2.79% for the next - quarter contract; IH had a discount of - 1.34% for the current - month contract, - 0.42% for the next - month contract, - 0.25% for the current - quarter contract, and - 0.08% for the next - quarter contract; IC had a premium of 8.56% for the current - month contract, 8.70% for the next - month contract, 8.73% for the current - quarter contract, and 9.25% for the next - quarter contract; IM had a premium of 10.38% for the current - month contract, 11.60% for the next - month contract, 11.28% for the current - quarter contract, and 11.30% for the next - quarter contract [9]
宏观金融数据日报-20251030
Guo Mao Qi Huo·2025-10-30 05:09