《金融》日报-20260126

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core Viewpoints 1. Index Futures Spread - The report provides the latest values, changes from the previous day, and historical percentile data of the current - futures spreads and inter - period spreads of various index futures such as IF, IH, IC, and IM, as well as cross - variety ratios. [1] 2. Treasury Bond Futures Spread - It presents the latest values, changes, and historical percentile data of the basis, inter - period spreads, and cross - variety spreads of different treasury bond futures including TS, TF, T, and TL. [2] 3. Precious Metals Spot - Futures - The short - term precious metals market is expected to maintain a strong and volatile trend. Gold is recommended to hold long positions and sell out - of - the - money put options. Silver has strong short - term trends but large market volatility, and risk control should be emphasized. Platinum and palladium prices are rising due to macro - financial factors and supply shortages, and it is advisable to sell out - of - the - money options on platinum and palladium futures to earn volatility reduction benefits. [7] 4. Container Shipping Industry Spot - Futures - The settlement price indices and Shanghai export container freight rates of the container shipping industry have generally declined. The futures prices of some contracts have small fluctuations, and the basis of the main contract has a slight decrease. The global container shipping capacity supply remains stable, and some foreign trade - related indicators and overseas economic data have different degrees of change. [8] Group 3: Summary by Related Catalogs 1. Index Futures Spread - Current - Futures Spreads: For example, the IF current - futures spread is 6.70 with a historical 1 - year percentile of 97.10%. The IH current - futures spread is 5.61, down 2.47 from the previous day, with a historical 1 - year percentile of 85.70%. [1] - Inter - Period Spreads: Such as the IF next - month - current - month spread is 5.20 with a historical percentile of 99.10%. [1] - Cross - Variety Ratios: The CSI 500/CSI 300 ratio is 1.8267, up 0.0511, with a historical 1 - year percentile of 99.50%. [1] 2. Treasury Bond Futures Spread - Basis: The TS basis is 1.4225, up 0.0013 from the previous day, with a historical percentile of 17.60%. [2] - Inter - Period Spreads: The TS current - season - next - season spread is - 0.0320, up 0.0040, with a historical percentile of 18.40%. [2] - Cross - Variety Spreads: The TS - TF spread is - 3.4620, down 0.0350, with a historical percentile of 10.60%. [2] 3. Precious Metals Spot - Futures - Domestic Futures Closing Prices: The AU2604 contract closed at 1115.64 yuan/gram on January 23, up 2.58% from the previous day. [7] - Foreign Futures Closing Prices: The COMEX gold主力 contract closed at 4983.10 dollars/ounce on January 23, up 0.91% from the previous day. [7] - Spot Prices: The London gold price is 4981.31 dollars/ounce, up 0.87% from the previous day. [7] - Basis: The gold TD - Shanghai gold主力 basis is - 5.29, down 1.63 from the previous day, with a historical 1 - year percentile of 46.10%. [7] - Price Ratios: The COMEX gold/silver ratio is 48.26, down 5.98% from the previous day. [7] - Interest Rates and Exchange Rates: The 10 - year US Treasury yield is 4.24%, down 0.5% from the previous day. [7] - Inventory and Positions: The Shanghai Futures Exchange gold inventory is 102009, unchanged from the previous day. [7] 4. Container Shipping Industry Spot - Futures - Container Shipping Indices: The SCFIS (European route) settlement price index on January 19 is 1954.19, down 0.11% from the previous period. [8] - Shanghai Export Container Freight Rates: The SCFI comprehensive index on January 23 is 1457.86, down 7.39% from the previous period. [8] - Futures Prices and Basis: The EC2602 contract closed at 1717.7 points on January 23, up 0.59% from the previous day. The basis of the main contract is 815.9, down 0.07% from the previous day. [8] - Fundamental Data: The global container shipping capacity supply on January 25 is 3372.94 million TEU, unchanged from the previous day. The port on - time rate in Shanghai in December is 41.81, up 4.53% from the previous month. [8]