宏观金融数据日报-20260210

1. Report Industry Investment Rating - Not provided 2. Core Viewpoints - In the short term, it is expected that stock index futures will fluctuate strongly before the Spring Festival, accumulating strength for further upward movement [6] - In the long run, in the context of low - interest rates and an "asset shortage", domestic market funds are generally abundant, and the economy is in the process of bottom - building. The medium - to - long - term upward trend of stock indices is expected to continue [6] - The strategy is to continue to hold long positions in stock indices for the medium - to - long - term [6] 3. Summary by Related Catalog 3.1 Macro - financial Market Review - The central bank conducted 113 billion yuan of 7 - day reverse repurchase operations yesterday at an operating rate of 1.40%. With 75 billion yuan of reverse repurchases maturing, the net investment on the day was 38 billion yuan [4] - This week, 405.5 billion yuan of reverse repurchases will mature in the central bank's open market, and 500 billion yuan of 182 - day repurchase - style reverse repurchases will also mature on Friday [4] 3.2 Interest Rate Market | Variety | Closing Price | Change from Previous Value (bp) | | --- | --- | --- | | DRO01 | 1.27 | - 0.24 | | DR007 | 1.54 | 7.68 | | GC001 | 1.57 | 28.50 | | GC007 | 1.66 | 6.00 | | SHBOR 3M | 1.58 | 0.00 | | LPR 5 - year | 3.50 | 0.00 | | 1 - year Treasury Bond | 1.31 | - 0.50 | | 5 - year Treasury Bond | 1.55 | - 0.75 | | 10 - year Treasury Bond | 1.79 | - 0.85 | | 10 - year US Treasury Bond | 1.00 | 0.00 | [4] 3.3 Stock Index Market - Yesterday, the CSI 300 rose 1.63% to 4719.1, the SSE 50 rose 1.45% to 3081.8, the CSI 500 rose 2.02% to 8311.3, and the CSI 1000 rose 2.26% to 8233.8 [5] - The trading volume of the Shanghai - Shenzhen - Beijing stock markets reached 2.27 trillion yuan, an increase of 106.7 billion yuan from the previous trading day. Most industry sectors rose, with only the mining and gas sectors falling [5] 3.4 Stock Index Futures Market | Variety | Closing Price | Change from Previous Day (%) | Volume Change (%) | Open Interest Change (%) | | --- | --- | --- | --- | --- | | CSI 300 | 4719 | 1.63 | - | - | | IF Current Month | 4723 | 1.8 | - 23.3 | - 1.9 | | SSE 50 | 3082 | 1.45 | - | - | | IH Current Month | 3084 | 1.5 | - 25.8 | - 5.2 | | CSI 500 | 8311 | 2.02 | - | - | | IC Current Month | 8322 | 2.2 | - 31.3 | - 3.7 | | CSI 1000 | 8234 | 2.26 | - | - | | IM Current Month | 8256 | 29 | - 23.0 | - 4.2 | [5] 3.5 Stock Index Futures Premium and Discount | Variety | Current Month Contract | Next Month Contract | Current Quarter Contract | Next Quarter Contract | | --- | --- | --- | --- | --- | | IF Premium/Discount | - 2.49% | - 0.43% | 1.66% | 2.86% | | IH Premium/Discount | - 1.96% | - 0.67% | 0.25% | 1.80% | | IC Premium/Discount | - 4.28% | - 0.04% | 3.25% | 4.29% | | IM Premium/Discount | - 8.96% | 0.13% | 5.82% | 6.89% | [7]