光大期货金融期货日报-20260213

Group 1: Report Industry Investment Rating - Not provided in the given content Group 2: Report's Core View - The A-share market fluctuated and rose on February 12, 2026, with the Wind All A index up 0.46% and a trading volume of 2.16 trillion yuan. The TMT and power equipment sectors led the gains, while the consumer sector continued to decline. The CSI 1000 index rose 0.91%, the CSI 500 index rose 1.17%, the SSE 50 index fell 0.28%, and the SSE 300 index rose 0.12% [1]. - Geopolitical risks during the Spring Festival are one of the important factors affecting the A-share market. The situation between the US and Iran and the victory of right-wing political parties in Japan's elections are worthy of attention. The volatility of precious metals and other non-ferrous metals may increase, and the index volatility may rise if geopolitical conflicts break out during the festival. Since November last year, A-share technology themes have shown an increasing correlation with the US stock market. The new nominee for the Fed chairman has a more "hawkish" monetary policy stance, and the US economic data during the Spring Festival holiday may disturb the equity market [1]. - On February 12, 2026, the 30-year Treasury bond futures main contract fell 0.03%, the 10-year main contract rose 0.02%, the 5-year main contract rose 0.02%, and the 2-year main contract remained stable. The central bank conducted 400 billion yuan of 14-day and 166.5 billion yuan of 7-day reverse repurchases, with a net injection of 448 billion yuan. In the short term, the bond market has insufficient momentum to continue to strengthen, and the pattern of interest rate range fluctuations continues [3]. Group 3: Summaries by Relevant Catalogs 1. Research Views - Stock Index Futures: The A-share market showed a mixed performance, with different index movements. Geopolitical risks and US economic data are potential influencing factors, and the market is expected to be volatile [1]. - Treasury Bond Futures: The central bank's open market operations and the current economic policy environment affect the bond market, which is expected to remain in a range - bound state [3]. 2. Daily Price Changes - Stock Index Futures: The IH contract fell 0.27%, the IF contract rose 0.04%, the IC contract rose 1.35%, and the IM contract rose 1.18% on February 12, 2026 compared with the previous day [4]. - Stock Indexes: The SSE 50 index fell 0.28%, the SSE 300 index rose 0.12%, the CSI 500 index rose 1.17%, and the CSI 1000 index rose 0.91% on February 12, 2026 compared with the previous day [4]. - Treasury Bond Futures: The TS contract rose 0.04%, the TF contract rose 0.01%, the T contract rose 0.04%, and the TL contract fell 0.04% on February 12, 2026 compared with the previous day [4]. 3. Market News - The EU announced on February 12, 2026, that it would request the WTO to establish a panel for a dispute case related to standard - essential patent licensing litigation against China. China regrets the EU's decision and will handle the case in accordance with WTO procedures to safeguard its legitimate rights and interests [5][6]. 4. Chart Analysis - Stock Index Futures: There are charts showing the trends of IH, IF, IM, and IC main contracts, as well as the basis trends of each index futures [8][9][10][11][12]. - Treasury Bond Futures: There are charts showing the trends of Treasury bond futures main contracts, bond yields, basis, inter - period spreads, cross - variety spreads, and capital interest rates [15][18][19][20]. - Exchange Rates: There are charts showing the exchange rate trends of the US dollar against the RMB, the euro against the RMB, forward exchange rates, and other currency pairs [23][24][25][27][28].