宏观金融数据日报-20260129

Report Summary 1. Report's Industry Investment Rating - Not mentioned in the provided content 2. Core Viewpoints - The current domestic macro news remains calm, and the regulatory level focuses on "cooling down" the market to guide the stock index to show a "slow bull" pattern [6]. - The market trading volume stays above the high level of 2.5 trillion, indicating strong trading activity and liquidity - driven force [6]. - Before the Spring Festival, the domestic macro - level may be in a relatively calm period, and the market performance will be highly related to regulatory trends. It is expected that the short - term shock adjustment space of the stock index is limited, and it will mainly show a relatively strong shock before the festival [6]. 3. Summary by Relevant Categories Money Market - DR001 closed at 1.37 with a -0.02bp change, DR007 at 1.55 with a -3.50bp change, GC001 at 1.48 with a 12.00bp change, GC007 at 1.61 with a -1.00bp change, SHBOR 3M at 1.59 with a -0.21bp change, and LPR 5 - year at 3.50 with a 0.00bp change [3]. - The 1 - year treasury bond closed at 1.30 with a 0.25bp change, the 5 - year at 1.52 with a -1.25bp change, the 10 - year at 1.82 with a -1.50bp change, and the 10 - year US treasury bond at 4.24 with a 2.00bp change [3]. - The central bank conducted 377.5 billion yuan of 7 - day reverse repurchase operations yesterday at an operating rate of 1.40%, which was the same as before [3]. - This week, 1.181 trillion yuan of reverse repurchase in the central bank's open market will expire, and 200 billion yuan of MLF will expire on Monday [4]. Stock Index Futures Market - The closing prices and changes of major stock indexes: CSI 300 rose 0.26% to 4718, SSE 50 rose 0.27% to 3061, CSI 500 rose 0.61% to 8601, and CSI 1000 rose 0.21% to 8400 [5]. - The closing prices and changes of stock index futures contracts: IF current month rose 0.3% to 4728, IH current month rose 0.2% to 3066, IC current month rose 0.8% to 8623, IM current month rose 0.3% to 8407 [5]. - The trading volume and position changes of stock index futures contracts: IF trading volume was 142,902 with a 0.0% change and its position increased by 5.0%; IH trading volume decreased by 6.6% to 63,381 and its position increased by 3.4%; IC trading volume decreased by 19.3% to 170,659 and its position decreased by 0.3%; IM trading volume decreased by 26.0% to 194,080 and its position decreased by 3.9% [5]. - The trading volume of the Shanghai, Shenzhen, and Beijing stock markets reached 2.9926 trillion yuan, an increase of 70.9 billion yuan compared with the previous day. Most industry sectors declined, with precious metals, jewelry, mining, non - ferrous metals, small metals, and coal industries leading the gains, while photovoltaic equipment, medical devices, medical services, biological products, and aerospace sectors leading the losses [5]. Stock Index Futures Premium and Discount Situation - The premium and discount rates of IF contracts: -3.30% for the current month, -2.25% for the next month, 0.06% for the current quarter, and 1.59% for the next quarter [7]. - The premium and discount rates of IH contracts: -2.61% for the current month, -2.16% for the next month, -0.79% for the current quarter, and 0.75% for the next quarter [7]. - The premium and discount rates of IC contracts: -4.07% for the current month, -1.73% for the next month, 0.79% for the current quarter, and 2.41% for the next quarter [7]. - The premium and discount rates of IM contracts: -1.44% for the current month, 1.87% for the next month, 4.81% for the current quarter, and 6.06% for the next quarter [7].