《金融》日报-20260205

1. Report Industry Investment Rating - No relevant content found 2. Core Views 2.1 Index Futures Spread - The current - price spreads and inter - period spreads of various index futures (IF, IH, IC, IM) are presented, along with their historical percentile rankings, which can help investors understand the relative position of the current spreads in history [1]. 2.2 Bond Futures Spread - The basis, inter - period spreads, and cross - variety spreads of various bond futures (TS, TF, T, TL) are provided, along with their historical percentile rankings, assisting investors in analyzing the market conditions of bond futures [2]. 2.3 Precious Metals - In the short term, as market sentiment stabilizes, the bottom of the gold market is expected to be gradually established, but the bullish confidence needs to be restored, and there is a possibility of testing the 60 - day moving average support again. Silver prices may fluctuate widely in the range of 75 - 95 dollars due to factors such as regulatory restrictions and macro - news sentiment. Palladium prices will enter a consolidation phase after a short - term rebound, and it is recommended to wait for a clear direction [3]. 3. Summary by Related Catalogs 3.1 Index Futures Spread - Current - price spreads: IF is - 5.08, IH is 2.56, IC is 14.54, IM is - 3.72. Their historical 1 - year percentiles are 51.00%, 71.10%, 96.70%, 79.40% respectively, and the full - history percentiles are 77.40%, 78.60%, 98.30%, 80.00% respectively [1]. - Inter - period spreads: Different combinations of inter - period spreads for IF, IH, IC, and IM are presented, along with their changes from the previous day and historical percentile rankings [1]. - Cross - variety ratios: Ratios such as CSI 500/CSI 300, CSI 500/SSE 50, CSI 300/SSE 50, CSI 1000/CSI 300, IC/IF, IC/IH, IF/IH, IM/IF are provided, with their changes and historical percentile rankings [1]. 3.2 Bond Futures Spread - Basis: TS basis is 1.1432, TF basis is 1.3414, T basis is 0.0746, TL basis is 0.1725, with their changes from the previous day and historical percentile rankings [2]. - Inter - period spreads: Inter - period spreads of different contracts (such as current - season to next - season, current - season to far - season) for TS, TF, T, TL are presented, along with their changes and historical percentile rankings [2]. - Cross - variety spreads: Cross - variety spreads such as TS - TF, TS - T, TF - T, TS - TL, TF - TL, T - TL are provided, with their changes and historical percentile rankings [2]. 3.3 Precious Metals - Domestic futures closing prices: AU2604 rose 4.38% to 1141.70 yuan/gram, AG2604 rose 9.63% to 23511 yuan/kilogram, PT2606 rose 4.69% to 599.85 yuan/gram, PD2606 rose 2.32% to 461.00 yuan/gram [3]. - Foreign futures closing prices: COMEX gold rose 0.32% to 4986.40 dollars/ounce, COMEX silver rose 3.36% to 87.77 dollars/ounce, NYMEX platinum rose 0.57% to 2225.20 dollars/ounce, NYMEX palladium rose 1.26% to 1767.00 dollars/ounce [3]. - Spot prices: London gold rose 0.38% to 4964.83 dollars/ounce, London silver rose 3.83% to 88.69 dollars/ounce, spot platinum fell 0.50% to 2235.82 dollars/ounce, spot palladium fell 2.79% to 1766.25 dollars/ounce, Shanghai Gold Exchange gold T + D rose 3.99% to 1140.03 yuan/gram, Shanghai Gold Exchange silver T + D rose 9.07% to 23560 yuan/kilogram, Shanghai Gold Exchange platinum 9995 rose 3.76% to 588 yuan/gram [3]. - Basis: Gold TD - Shanghai gold main contract is - 1.67, silver TD - Shanghai silver main contract is 49, London gold - COMEX gold is - 24.33, London silver - COMEX silver is 0.50, with their changes and historical 1 - year percentile rankings [3]. - Ratios: COMEX gold/silver ratio fell 2.94% to 56.82, Shanghai Futures Exchange gold/silver ratio fell 4.79% to 48.56, NYMEX platinum/palladium ratio fell 0.68% to 1.26, Guangzhou Futures Exchange platinum/palladium ratio rose 2.32% to 1.30 [3]. - Interest rates and exchange rates: 10 - year US Treasury yield rose 0.2% to 4.29%, 2 - year US Treasury yield remained unchanged at 3.57%, 10 - year TIPS Treasury yield rose 1.0% to 1.94%, US dollar index rose 0.27% to 97.65, offshore RMB exchange rate rose 0.09% to 6.9412 [3]. - Inventory and positions: Shanghai Futures Exchange gold inventory remained unchanged at 103032, Shanghai Futures Exchange silver inventory fell 5.87% to 423241, COMEX gold inventory fell 0.18% to 35691231, COMEX silver inventory fell 0.76% to 400790911, COMEX gold registered warehouse receipts fell 0.17% to 18962352, COMEX silver registered warehouse receipts fell 0.91% to 103070933, SPDR gold ETF position fell 0.13% to 1082, SLV silver ETF position fell 0.41% to 16370 [3].