大类资产早报-20260130

Report Information - Report Title: "Big Asset Morning Report" - Report Date: January 30, 2026 - Report Team: Macro Team of the Research Center [2] 2. Global Asset Market Performance 2.1 Bond Market - 10 - year Treasury Bonds: Yields of 10 - year Treasury bonds in major economies vary, with the US at 4.233, the UK at 4.510, France at 3.418, etc [3]. - 2 - year Treasury Bonds: The US 2 - year Treasury bond yield is 3.561, the UK's is 3.706, and Germany's is 2.078 [3]. 2.2 Exchange Rate Market - Dollar against Major Emerging Economies' Currencies: The exchange rate of the dollar against the Brazilian real is 5.190, against the South African rand is 15.738, etc [3]. - Renminbi: The on - shore RMB is at 6.952, the off - shore RMB is at 6.945, and the RMB central parity rate is 6.977 [3]. 2.3 Stock Market - Major Economies' Stock Indices: The S&P 500 is at 6969.010, the Dow Jones Industrial Average is at 49071.560, and the Nasdaq is at 23685.120 [3]. 2.4 Credit Bond Index - The euro - zone investment - grade credit bond index is at 267.857, and the euro - zone high - yield credit bond index is at 413.160 [3]. 3. Stock Index Futures Trading Data 3.1 Index Performance - Closing Prices: The A - share index closes at 4157.98, the CSI 300 at 4753.87, the SSE 50 at 3110.91, etc [4]. - Price Changes (%): The A - share index rises 0.16%, the CSI 300 rises 0.76%, the SSE 50 rises 1.65%, while the ChiNext falls 0.57% and the CSI 500 falls 0.97% [4]. 3.2 Valuation - PE (TTM): The PE (TTM) of the CSI 300 is 14.31, the SSE 50 is 11.82, the CSI 500 is 38.58, etc [4]. - Quarter - on - Quarter Changes: The PE (TTM) of the CSI 300 has a 0.11 quarter - on - quarter change, the SSE 50 has 0.15, and the CSI 500 has - 0.37 [4]. 3.3 Risk Premium - 1/PE - 10 - year Interest Rate: The risk premium of the S&P 500 is - 0.64, and that of the German DAX is 2.46 [4]. - Quarter - on - Quarter Changes: The risk premium of the S&P 500 has a 0.02 quarter - on - quarter change, and the German DAX has 0.12 [4]. 3.4 Fund Flows - Latest Values: The net fund outflow of A - shares is - 952.92, the main board is - 653.65, and the ChiNext is - 134.31 [4]. - Average of the Past 5 Days: The average net fund outflow of A - shares in the past 5 days is - 1146.55, the main board is - 874.95, and the ChiNext is - 205.36 [4]. 4. Transaction Amount and Basis 4.1 Transaction Amount - Latest Values: The total trading volume of the Shanghai and Shenzhen stock markets is 32300.08, the CSI 300 is 9179.66, and the SSE 50 is 2948.88 [5]. - Quarter - on - Quarter Changes: The total trading volume of the Shanghai and Shenzhen stock markets has a 2645.98 quarter - on - quarter change, the CSI 300 has 885.52, and the SSE 50 has 422.65 [5]. 4.2 Basis of Main Contracts - Basis: The basis of IF is 30.13, IH is 19.49, and IC is - 0.24 [5]. - Basis Ratio: The basis ratio of IF is 0.63%, IH is 0.63%, and IC is - 0.00% [5]. 5. Treasury Bond Futures Trading Data - Closing Prices: The T2303 closes at 108.25, TF2303 at 105.88, T2306 at 108.26, and TF2306 at 105.91 [5]. - Price Changes (%): T2303 rises 0.04%, T2306 rises 0.06%, while TF2303 has no change and TF2306 has a - 0.00% change [5]. 6. Capital Interest Rate - Interest Rates: R001 is 1.4381%, R007 is 1.6245%, and SHIBOR - 3M is 1.5910% [5]. - Daily Changes (BP): R001 has a - 17.00 BP daily change, R007 has a 1.00 BP change, and SHIBOR - 3M has no change [5].