Report 1: Stock Index Futures Spread Daily Report Core View The report provides the latest values, historical 1 - year and full - historical quantiles, and changes compared to the previous day of various stock index futures spreads and cross - variety ratios on November 19, 2025 [1]. Summary by Category - IF Spreads: The IF spot - futures spread is 3.46, with a historical 1 - year quantile of 25% and a full - historical quantile of 32.30%. Various IF inter - period spreads also have different values and quantiles [1]. - IH Spreads: The IH inter - period spreads show different levels of change and quantiles, such as the spread between the next - quarter and the current - quarter contracts being - 14.60, with a historical 1 - year quantile of 28.60% and a full - historical quantile of 29.30% [1]. - IC Spreads: The IC spot - futures spread is - 71.22, and its inter - period spreads also have specific values and quantiles. For example, the spread between the next - month and the current - month contracts is - 182.80, with a historical 1 - year quantile of 0.80% and a full - historical quantile of 2.50% [1]. - IM Spreads: The IM spot - futures spread is - 96.30, and its inter - period spreads vary. For instance, the spread between the next - quarter and the current - quarter contracts is - 92.80, with a historical 1 - year quantile of 20.00% and a full - historical quantile of 20.70% [1]. - Cross - Variety Ratios: Ratios like CSI 500/CSI 300, IC/IF, etc., are presented with their current values, changes, and quantiles. For example, the CSI 500/CSI 300 ratio is 2.3813, with a change of - 0.0208 and a historical 1 - year quantile of 84.00% [1]. Report 2: Treasury Bond Futures Spread Daily Report Core View The report shows the latest values, changes compared to the previous day, and listing - since percentiles of various treasury bond futures spreads and cross - variety spreads on November 19, 2025 [2]. Summary by Category - Basis: The TS basis is - 0.0041, the TF basis is 1.8423, the T basis is 1.8110, and the TL basis is 1.4232, each with its own change and listing - since percentile [2]. - Inter - Period Spreads: For different contracts (TS, TF, T, TL), the inter - period spreads between the current - quarter, next - quarter, and far - quarter contracts are provided, along with their changes and listing - since percentiles. For example, the TS spread between the current - quarter and the next - quarter contracts is 0.0600, with a change of - 0.0040 and a listing - since percentile of 36.40% [2]. - Cross - Variety Spreads: Spreads such as TS - TF, TS - T, etc., are presented with their values, changes, and listing - since percentiles. For example, the TS - TF spread is - 3.4300, with a change of - 0.0050 and a listing - since percentile of 10.30% [2]. Report 3: Precious Metals Spot - Futures Daily Report Core View The report presents the domestic and foreign futures closing prices, spot prices, basis, ratios, interest rates, exchange rates, inventory, and positions of precious metals on November 19, 2025 [4]. Summary by Category - Futures Closing Prices: Domestic AU2512 contract closed at 918.52 yuan/gram, down 1.18% from the previous day, and AG2512 contract closed at 11699 yuan/kilogram, down 1.96%. Foreign COMEX gold and silver futures also had different price changes [4]. - Spot Prices: London gold and silver spot prices increased on November 18, 2025, compared to the previous day [4]. - Basis: The basis of gold TD - Shanghai gold main contract is - 2.97, with a change of - 3.73 and a historical 1 - year quantile of 42.10%. Similar data is provided for silver [4]. - Ratios: The COMEX gold/silver ratio decreased by 0.42%, while the Shanghai Futures Exchange gold - silver ratio increased by 0.80% [4]. - Interest Rates and Exchange Rates: The 10 - year US Treasury yield decreased by 0.2%, the 2 - year US Treasury yield decreased by 0.6%, the 10 - year TIPS Treasury yield remained unchanged, the US dollar index increased by 0.06%, and the offshore RMB exchange rate increased by 0.04% [4]. - Inventory and Positions: The inventory of Shanghai Futures Exchange gold remained unchanged, while the silver inventory decreased by 1.00%. COMEX gold and silver inventories also decreased, and the positions of SPDR gold ETF and SLV silver ETF remained unchanged [4]. Report 4: Container Shipping Industry Spot - Futures Daily Report Core View The report provides the shipping indices, futures prices, basis, fundamental data of the container shipping industry on November 19, 2025 [6]. Summary by Category - Shipping Indices: SCFIS (European route) decreased by 9.78%, SCFIS (US West route) decreased by 6.87%, SCFI composite index decreased by 3.59%, SCFI (European) increased by 7.11%, SCFI (US West) decreased by 17.59%, and SCFI (US East) decreased by 8.71% [6]. - Futures Prices and Basis: The prices of various container shipping futures contracts (EC2602, EC2604, etc.) decreased, and the basis of the main contract increased by 11.5, with a change rate of - 7.04% [6]. - Fundamental Data: Global container shipping capacity supply remained unchanged. In Shanghai, the port on - time rate increased by 14.75%, the port berthing situation increased by 4.82%, the monthly export amount decreased by 7.03%. Overseas economic indicators showed different changes, such as the euro - zone composite PMI increasing by 2.54%, the EU consumer confidence index increasing, the US manufacturing PMI decreasing by 0.81%, and the OECD composite leading indicator of the G7 group increasing by 0.06% [6].
《金融》日报-20251119
Guang Fa Qi Huo·2025-11-19 03:05