银河期货国债期货持仓日报-20251231

1. Report Date - The report is dated December 31, 2025 [2] 2. Treasury Bond Futures Transaction Summary 2.1 Ten - year Treasury Bond Futures - T2603: Closing price 107.86, down 0.07%; volume 93,519, up 30%; turnover 100.8 billion, up 30%; open interest 223,646, down 6,646; margin 4.82 billion [3] - T2606: Closing price 107.88, down 0.06%; volume 5,005, up 17%; turnover 5.4 billion, up 17%; open interest 11,156, up 124; margin 240 million [3] - T2609: Closing price 107.74, down 0.08%; volume 548, down 4%; turnover 600 million, down 4%; open interest 1,317, up 156; margin 30 million [3] - Total: Volume 99,072, up 29%; turnover 106.8 billion, up 29%; open interest 236,119, down 6,366; margin 5.09 billion [3] 2.2 Five - year Treasury Bond Futures - TF2603: Closing price 105.76, down 0.04%; volume 66,075, down 3%; turnover 69.9 billion, down 3%; open interest 147,910, up 595; margin 1.88 billion [3] - TF2606: Closing price 105.75, down 0.04%; volume 5,300, up 79%; turnover 5.6 billion, up 79%; open interest 15,693, up 575; margin 200 million [3] - TF2609: Closing price 105.62, down 0.03%; volume 72, up 3%; turnover 100 million, up 3%; open interest 1,757, up 26; margin 20 million [3] - Total: Volume 71,447, up 1%; turnover 75.5 billion, up 1%; open interest 165,360, up 1,196; margin 2.1 billion [3] 2.3 Thirty - year Treasury Bond Futures - TL2603: Closing price 111.41, down 0.35%; volume 117,690, up 41%; turnover 130.9 billion, up 41%; open interest 142,077, up 998; margin 5.54 billion [3] - TL2606: Closing price 111.63, down 0.37%; volume 10,496, up 56%; turnover 11.7 billion, up 55%; open interest 25,486, up 676; margin 1 billion [3] - TL2609: Closing price 111.40, down 0.33%; volume 472, up 387%; turnover 500 million, up 384%; open interest 1,202, up 71; margin 50 million [3] - Total: Volume 128,658, up 43%; turnover 143.1 billion, up 42%; open interest 168,765, up 1,745; margin 6.58 billion [3] 2.4 Two - year Treasury Bond Futures - TS2603: Closing price 102.45, down 0.03%; volume 39,159, down 5%; turnover 80.2 billion, down 5%; open interest 74,199, down 1,931; margin 760 million [3] - TS2606: Closing price 102.49, down 0.03%; volume 472, up 278%; turnover 1 billion, up 277%; open interest 2,687, up 20; margin 30 million [3] - TS2609: Closing price 102.50, down 0.04%; volume 525, up 108%; turnover 1.1 billion, up 107%; open interest 741, up 50; margin 10 million [3] - Total: Volume 40,156, down 4%; turnover 82.3 billion, down 4%; open interest 77,627, down 1,861; margin 800 million [3] 3. Treasury Bond Futures Net Open Interest - There are charts showing the net open interest of ten - year, five - year, thirty - year, and two - year Treasury bond futures for different periods, including the top five, top ten, and top twenty positions [5] 4. Ten - year Treasury Bond Futures Position Details 4.1 T2603 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 40,023 and an increase of 6,509, Orient Securities Futures (on behalf of clients) with 28,884 and an increase of 10,130, and Guotai Junan (on behalf of clients) with 16,495 and an increase of 1,894 [8] - For long positions, the top three are CITIC Futures (on behalf of clients) with 50,890, Orient Securities Futures (on behalf of clients) with 31,057 and a decrease of 296, and Guotai Junan (on behalf of clients) with 29,996 and a decrease of 1,855 [8] - For short positions, the top three are CITIC Futures (on behalf of clients) with 34,251 and a decrease of 10, Orient Securities Futures (on behalf of clients) with 25,216 and a decrease of 4,858, and China Merchants Futures (on behalf of clients) with 19,256 and a decrease of 61 [8] 4.2 T2606 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 3,572 and an increase of 1,084, Haitong Futures (on behalf of clients) with 998 and an increase of 177, and Orient Securities Futures (on behalf of clients) with 988 and a decrease of 667 [10] - For long positions, the top three are Guotai Junan (on behalf of clients) with 3,419, Galaxy Futures (on behalf of clients) with 1,246, and Hongyuan Futures (on behalf of clients) with 891 [10] - For short positions, the top three are Galaxy Futures (on behalf of clients) with 2,641 and an increase of 27, Orient Securities Futures (on behalf of clients) with 1,430, and GF Futures (on behalf of clients) with 1,048 and a decrease of 48 [10] 5. Five - year Treasury Bond Futures Position Details 5.1 TF2603 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 24,885 and a decrease of 730, Orient Securities Futures (on behalf of clients) with 23,092 and an increase of 2,721, and Guotai Junan (on behalf of clients) with 10,895 and a decrease of 5,128 [12] - For long positions, the top three are Orient Securities Futures (on behalf of clients) with 32,897 and an increase of 4,887, CITIC Futures (on behalf of clients) with 27,254 and a decrease of 123, and Guotai Junan (on behalf of clients) with 9,872 and a decrease of 772 [12] - For short positions, the top three are CITIC Futures (on behalf of clients) with 25,676 and an increase of 350, Guotai Junan (on behalf of clients) with 16,413 and an increase of 331, and Ping An Futures (on behalf of clients) with 13,685 and a decrease of 477 [12] 5.2 TF2606 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 2,049 and an increase of 946, Guotai Junan (on behalf of clients) with 1,583 and an increase of 1,275, and Orient Securities Futures (on behalf of clients) with 1,506 and an increase of 159 [14] - For long positions, the top three are CITIC Futures (on behalf of clients) with 4,269 and a decrease of 342, Xingzheng Futures (on behalf of clients) with 1,784, and Galaxy Futures (on behalf of clients) with 1,382 and an increase of 105 [14] - For short positions, the top three are CITIC Futures (on behalf of clients) with 3,119 and an increase of 1, Huatai Futures (on behalf of clients) with 2,348, and Guotai Junan (on behalf of clients) with 2,318 and an increase of 1,000 [14] 6. Thirty - year Treasury Bond Futures Position Details 6.1 TL2603 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 39,632 and an increase of 11,428, Orient Securities Futures (on behalf of clients) with 24,643 and an increase of 6,198, and Guotai Junan (on behalf of clients) with 19,077 and an increase of 5,014 [15] - For long positions, the top three are CITIC Futures (on behalf of clients) with 16,270 and an increase of 588, Guotai Junan (on behalf of clients) with 16,201 and a decrease of 453, and Orient Securities Futures (on behalf of clients) with 12,796 and an increase of 139 [15] - For short positions, the top three are CITIC Futures (on behalf of clients) with 17,400 and a decrease of 462, Galaxy Futures (on behalf of clients) with 13,711 and an increase of 25, and Orient Securities Futures (on behalf of clients) with 13,473 and a decrease of 1,462 [15] 6.2 TL2606 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 3,816 and a decrease of 105, Haitong Futures (on behalf of clients) with 2,629 and an increase of 691, and Guotai Junan (on behalf of clients) with 2,626 and an increase of 910 [18] - For long positions, the top three are CITIC Futures (on behalf of clients) with 8,197, Guotai Junan (on behalf of clients) with 2,398, and Galaxy Futures (on behalf of clients) with 2,258 [18] - For short positions, the top three are Galaxy Futures (on behalf of clients) with 4,951 and an increase of 136, Guojin Futures (on behalf of clients) with 2,944 and a decrease of 94, and Huatai Futures (on behalf of clients) with 2,559 and an increase of 240 [18] 7. Two - year Treasury Bond Futures Position Details 7.1 TS2603 Contract - In terms of trading volume, the top three are CITIC Futures (on behalf of clients) with 17,261 and an increase of 1,419, Orient Securities Futures (on behalf of clients) with 11,976 and an increase of 896, and Guotai Junan (on behalf of clients) with 5,834 and a decrease of 4,549 [19] - For long positions, the top three are CITIC Futures (on behalf of clients) with 13,550, Guotai Junan (on behalf of clients) with 6,297 and a decrease of 21, and CITIC Construction Investment (on behalf of clients) with 6,233 and an increase of 45 [19] - For short positions, the top three are CITIC Futures (on behalf of clients) with 19,436 and a decrease of 1,243, Guotai Junan (on behalf of clients) with 10,833 and an increase of 475, and GF Futures (on behalf of clients) with 8,703 and an increase of 27 [19] 7.2 TS2606 Contract - All trading volume, long - position, and short - position data are 0 [22]