宏观金融数据日报-20251031

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - Short - term: With the progress of China - US economic and trade negotiations and the overall better - than - expected third - quarter report performance, market sentiment may shift from relative optimism to caution, and the stock index may enter a shock phase to accumulate momentum for the next upward movement. In the context of policy support and abundant macro - liquidity, there is still strong support below the stock index. - Medium - to long - term: The stock index still has room to rise, but the upward pace will not be rapid. It is recommended to choose the opportunity to go long and use the discount structure of stock index futures to enhance the advantage of medium - to long - term long strategies [6] 3. Summary by Relevant Catalogs Bond Market - Price and Yield Changes: DRO01 closed at 1.31 with a - 9.30bp change; DR007 at 1.50 with a - 4.34bp change; GC001 at 1.23 with a - 33.00bp change; GC007 at 1.50 with a - 8.50bp change; SHBOR 3M at 1.60 with a - 0.20bp change; LPR 5 - year at 3.50 with no change; 1 - year treasury bond at 1.38 with a - 0.94bp change; 5 - year treasury bond at 1.56 with a - 1.41bp change; 10 - year treasury bond at 1.81 with a - 0.50bp change; 10 - year US treasury bond at 3.97 with a - 1.70bp change [4] - Market Operations: The central bank conducted 342.6 billion yuan of 7 - day reverse repurchase operations with an operating rate of 1.40%. 212.5 billion yuan of reverse repurchases matured on the same day, resulting in a net investment of 130.1 billion yuan. The central bank will resume open - market treasury bond trading operations [4] Stock Market - Index Performance: The CSI 300 fell 0.8% to 4709.9; the SSE 50 fell 0.54% to 3046.6; the CSI 500 fell 1.27% to 7385.7; the CSI 1000 fell 1.11% to 7485.1. The trading volume of the Shanghai and Shenzhen stock markets was 2.4217 trillion yuan, an increase of 165.6 billion yuan from the previous day. Most industry sectors closed down, with the energy metals sector rising sharply, and the steel and battery sectors leading the gains. The game, power equipment, electronic chemicals, coal, securities, pesticide and veterinary medicine, and electronic components sectors led the losses [5] - Futures Contracts: For stock index futures, the trading volume and open interest of IF, IH, IC, and IM all increased. The CSI 300 index futures (IF) had a trading volume increase of 36.1% and an open - interest increase of 4.7%; the SSE 50 index futures (IH) had a trading volume increase of 41.8% and an open - interest increase of 7.4%; the CSI 500 index futures (IC) had a trading volume increase of 24.9% and an open - interest increase of 2.9%; the CSI 1000 index futures (IM) had a trading volume increase of 32.5% and an open - interest increase of 5.8% [5] Futures Contract Premium and Discount - IF: The premium rates for the current - month, next - month, current - quarter, and next - quarter contracts are 3.00%, 3.09%, 2.63%, and 2.87% respectively [7] - IH: The premium rates for the current - month, next - month, current - quarter, and next - quarter contracts are 0.01%, 0.39%, - 0.02%, and 0.24% respectively [7] - IC: The premium rates for the current - month, next - month, current - quarter, and next - quarter contracts are 7.75%, 8.57%, 8.68%, and 9.13% respectively [7] - IM: The premium rates for the current - month, next - month, current - quarter, and next - quarter contracts are 10.35%, 11.77%, 11.35%, and 11.25% respectively [7]