《金融》日报-20251127

Investment Rating - No investment rating for the industry is provided in the reports. Core Views - The reports present daily data on various financial products including stock index futures spreads, bond futures spreads, precious metals spot - futures, and container shipping industry spot - futures, covering price changes, basis, and related market indicators. Summary by Categories Stock Index Futures Spreads - Price Changes: Multiple futures contracts show different price changes compared to the previous day. For example, the L futures spread is - 24.63, down 722 from the previous day, with a 1 - year historical percentile of 38.50% and a full - history percentile of 18.50% [1]. - Cross - Period Spreads: Different cross - period spreads such as next - month to current - month, season - month to current - month, etc., also have their own price changes and historical percentiles. For instance, the next - month to current - month spread of a certain contract is - 13.40, up 2.40 from the previous day, with a 1 - year historical percentile of 37.70% and a full - history percentile of 31.90% [1]. - Cross - Variety Ratios: Ratios like CSI 200/SSE 50, CSI 500/SSE 50, etc., have their own changes and historical percentiles. For example, the CSI 200/SSE 50 ratio is 1.5417, down 0.0070 from the previous day, with a 1 - year historical percentile of 71.70% and a full - history percentile of 59.10% [1]. Bond Futures Spreads - Basis: On November 26, 2025, the TS basis is 1.6213, down 0.0566 from the previous day, with a full - history percentile of 28.20%. Similar data is provided for TF, T, and TL basis [2]. - Cross - Period Spreads: Different cross - period spreads for TS, TF, T, and TL futures contracts show price changes and historical percentiles. For example, the current - season to next - season spread of TS futures is 0.0560, up 0.0380 from the previous day, with a full - history percentile of 36.40% [2]. - Cross - Variety Spreads: Cross - variety spreads such as TS - TF, TS - T, etc., also have their price changes and historical percentiles. For example, the TS - TF spread is - 3.3650, up 0.1930 from the previous day, with a full - history percentile of 12.70% [2]. Precious Metals Spot - Futures - Prices: Domestic and foreign futures and spot prices of gold and silver show different degrees of change. For example, the AU2602 contract of domestic gold futures closed at 946.72 on November 26, up 0.22 from the previous day, with a gain of 0.02% [3]. - Basis: The basis of different gold and silver combinations, such as gold TD - Shanghai gold futures, London gold - COMEX gold, etc., has its own values, changes, and historical percentiles. For example, the basis of gold TD - Shanghai gold futures is - 5.55, up 0.26 from the previous day, with a 1 - year historical percentile of 3.20% [3]. - Ratios and Other Indicators: Ratios like COMEX gold/silver, and indicators such as interest rates, exchange rates, inventory, and positions also show changes. For example, the 10 - year US Treasury yield is 4.00, down 0.01 from the previous day, with a decline of - 0.2% [3]. Container Shipping Industry Spot - Futures - Indices: The SCFIS index for European and US - West routes shows different trends. The European route index on November 24 is 1639.37, up 281.7 from November 17, with a gain of 20.75%. The US - West route index is 1107.85, down 130.6 from November 17, with a decline of - 10.54% [4]. - Futures Prices and Basis: Futures prices of multiple contracts such as EC2602 (main contract) show declines. The main contract price on November 26 is 1387.4, down 66.1 from the previous day, with a decline of - 4.55%. The basis of the main contract is 252.0, up 66.1 from the previous day, with a gain of 35.56% [4]. - Fundamentals: Market fundamentals include global container shipping capacity supply, port - related indicators, export amounts, and overseas economic indicators. For example, the global container shipping capacity supply on November 26 is 3349.04, up 2.97 from the previous day, with a gain of 0.09% [4].