Report Summary 1. Core View - In the short term, the macro - level is in a relative policy window period. The A - share market lacks a clear upward mainline, trading volume remains low, and stock indices continue to fluctuate and are in an accumulation phase. The US government's continuous shutdown risks increase the adjustment pressure on US stocks and impact the domestic equity market, but the impact is mainly at the A - share opening stage, and the intraday trend can be repaired by domestic liquidity and market sentiment, providing space for short - term stock index operations. In the long - term, the market is expected to have further upward space, but the pace will be gradual. Key factors such as overseas liquidity release or substantial improvement in domestic fundamentals will drive the market upward [6]. 2. Data Summary 2.1 Currency Market | Variety | Closing Price | Change from Previous Value (bp) | | --- | --- | --- | | DR001 | 1.33 | 1.55 | | DR007 | 1.41 | - 1.24 | | GC001 | 1.20 | - 12.00 | | GC007 | 1.47 | - 0.50 | | SHBOR 3M | 1.58 | - 0.35 | | LPR 5 - year | 3.50 | 0.00 | | 1 - year Treasury Bond | 1.40 | - 0.04 | | 5 - year Treasury Bond | 1.59 | 0.53 | | 10 - year Treasury Bond | 1.81 | 0.77 | | 10 - year US Treasury Bond | 4.11 | 0.00 | Last week, the central bank conducted 495.8 billion yuan of reverse repurchases and 700 billion yuan of 91 - day outright reverse repurchases in the open market. There were 2068 billion yuan of reverse repurchases and 700 billion yuan of 91 - day outright reverse repurchases due, resulting in a net withdrawal of 1572.2 billion yuan. This week, 495.8 billion yuan of reverse repurchases will mature, with 78.3 billion, 117.5 billion, 65.5 billion, 92.8 billion, and 141.7 billion yuan maturing from Monday to Friday respectively [4]. 2.2 Stock Index Market | Variety | Closing Price | Change from Previous Day (%) | | --- | --- | --- | | CSI 300 | 4679 | - 0.31 | | IF Current Month | 4673 | - 0.2 | | SSE 50 | 3038 | - 0.21 | | IH Current Month | 3039 | - 0.1 | | CSI 500 | 7328 | - 0.24 | | IC Current Month | 7292 | - 0.2 | | CSI 1000 | 7542 | - 0.13 | | IM Current Month | 7493 | 0.1 | | IF Trading Volume | 86450 | - 22.4 | | IF Open Interest | 257486 | - 2.7 | | IH Trading Volume | 37804 | - 26.6 | | IH Open Interest | 90943 | - 5.5 | | IC Trading Volume | | - 19.9 | | IC Open Interest | 240492 | - 3.6 | | IM Trading Volume | 187617 | - 7.8 | | IM Open Interest | 356424 | 1.9 | Last week, the CSI 300 rose 0.82% to 4678.8, the SSE 50 rose 0.89% to 3038.3, the CSI 500 fell 0.04% to 7327.9, and the CSI 1000 rose 0.47% to 7541.9. Among the Shenwan primary industry indices, power equipment (5%), steel (4.4%), basic chemicals (3.5%), banks (2.8%), and comprehensive (2.6%) led the gains, while computer (- 2.5%), medicine and biology (- 2.4%), automobile (- 1.2%), food and beverage (- 0.6%), and household appliances (- 0.5%) led the losses. The daily trading volumes of A - shares last week were 1910.4 billion, 1753.4 billion, 1718.3 billion, 1860 billion, and 1833.1 billion yuan respectively, with the average daily trading volume decreasing by 260.55 billion yuan compared to the previous week [5]. 2.3 Stock Index Futures Premium and Discount | | Current Month Contract | Next Month Contract | Current Quarter Contract | Next Quarter Contract | | --- | --- | --- | --- | --- | | IF Premium/Discount | 3.77% | 3.78% | 3.13% | 3.23% | | IH Premium/Discount | - 0.45% | 0.04% | 0.34% | 0.58% | | IC Premium/Discount | 14.91% | 12.17% | 10.13% | 10.16% | | IM Premium/Discount | 19.55% | 15.71% | 12.96% | 12.36% | Note: The values in brackets are the annualized premium/discount rates (green indicates premium, red indicates discount) [7].
宏观金融数据日报-20251110
Guo Mao Qi Huo·2025-11-10 05:40