《金融》日报-20260129

1. Report Industry Investment Ratings - No information about industry investment ratings is provided in the reports. 2. Core Views 2.1 Futures Index Spread - The report presents the latest values, historical quantiles, and changes compared to the previous day of various futures index spreads, including price spreads and cross - period spreads of IF, IH, IC, and IM, as well as cross - variety ratios [1]. 2.2 Treasury Bond Futures Spread - It shows the latest values, changes compared to the previous trading day, and historical quantiles of basis, cross - period spreads, and cross - variety spreads of different treasury bond futures (TS, TF, T, TL) [2]. 2.3 Precious Metals Spot and Futures - The market for precious metals is expected to maintain a strong and volatile trend. For gold, it is recommended to take profit on long positions at high prices and use call options instead of long positions. For silver, although there are factors suppressing and supporting the price, it is suggested to maintain a light - position long - buying strategy on dips. For platinum and palladium, the price center continues to rise, but the upward space may be limited, and a low - buying strategy is recommended [3]. 2.4 Container Shipping Industry Spot and Futures - The settlement price indices of container shipping routes have declined, while the futures prices of container shipping contracts have generally increased. The supply of container shipping capacity has slightly increased, and some foreign trade - related indicators and overseas economic indicators have shown certain changes [4]. 3. Summary by Directory 3.1 Futures Index Spread - Price Spreads: The latest values of IF, IH, IC, and IM price spreads are 14.81, 94.30, 20.84, and - 21.99 respectively, with high historical quantiles [1]. - Cross - period Spreads: The cross - period spreads of different contracts show various changes and historical quantiles, such as the cross - period spread between the next month and the current month of IF being 5.00, with a historical quantile of 98.30% [1]. - Cross - variety Ratios: The cross - variety ratios of different futures varieties also have corresponding latest values, changes, and historical quantiles, like the IC/IF ratio being 0.0101, with a historical quantile of 99.10% [1]. 3.2 Treasury Bond Futures Spread - Basis: The basis of TS, TF, T, and TL on January 28, 2026, are 1.3579, 1.1624, 1.0471, and 0.8136 respectively, with different historical quantiles [2]. - Cross - period Spreads: The cross - period spreads of different contracts of TF, T, and TL show various values and changes, for example, the cross - period spread between the current quarter and the next quarter of TF is - 0.0450, with a historical quantile of 21.40% [2]. - Cross - variety Spreads: The cross - variety spreads between different treasury bond futures, such as TS - TF, TS - T, etc., also have corresponding values and changes [2]. 3.3 Precious Metals Spot and Futures - Domestic Futures Closing Prices: On January 28, 2026, the closing prices of AU2604, AG2604, PT2606, and PD2606 contracts are 1186.20, 29219, 694.80, and 504.00 respectively, with different price changes and price change rates [3]. - Foreign Futures Closing Prices: The closing prices of COMEX gold, COMEX silver, NYMEX platinum, and NYMEX palladium on January 28, 2026, are 5411.00, 116.62, 2705.10, and 2095.50 respectively, with corresponding price changes and price change rates [3]. - Spot Prices: The spot prices of London gold, London silver, etc., also have price changes and price change rates, for example, the spot price of London gold on January 28, 2026, is 5413.81, with a price change of 233.58 and a price change rate of 4.51% [3]. - Basis: The basis of different precious metals shows different values and historical quantiles, such as the basis of gold TD - Shanghai gold main contract being - 2.16, with a historical quantile of 46.10% [3]. - Ratios: The ratios of different precious metals, such as COMEX gold/silver, have corresponding values and changes [3]. - Interest Rates and Exchange Rates: The 10 - year US Treasury bond yield, 2 - year US Treasury bond yield, etc., have different values and changes [3]. - Inventory and Positions: The inventories and positions of different precious metals, such as the inventory of Shanghai Futures Exchange gold and silver, have corresponding changes [3]. 3.4 Container Shipping Industry Spot and Futures - Container Shipping Indices: The settlement price indices of SCFIS (European route) and SCFIS (US West route) on January 26, 2026, are 1859.31 and 1294.32 respectively, with price decreases and price change rates of - 4.86% and - 0.84% respectively [4]. - Shanghai Export Container Freight Rates: The SCFI comprehensive index and the freight rates of different routes have declined, for example, the SCFI comprehensive index on January 23, 2026, is 1457.86, with a price decrease of - 116.3 and a price change rate of - 7.39% [4]. - Futures Prices and Basis: The futures prices of different container shipping contracts have generally increased, and the basis of the main contract has decreased, for example, the price of EC2604 (main contract) on January 28, 2026, is 1229.0, with a price increase of 35.1 and a price change rate of 2.94%, and the basis of the main contract is 630.3, with a price decrease of - 35.1 and a price change rate of - 5.27% [4]. - Fundamental Data: The global container shipping capacity supply has slightly increased, and some foreign trade - related indicators and overseas economic indicators have shown certain changes, such as the port on - time rate in Shanghai increasing by 4.53% [4].