Market Overview - The market experienced significant volatility last week due to the US-Iran conflict, with the Shanghai Composite Index declining by 1.09% and the Shenzhen Component down by 0.76%[3] - The average daily trading volume was 21,116 billion CNY, a decrease of 996 billion CNY week-on-week[3] - Industrial profits for large-scale enterprises grew by 15.2% year-on-year in January-February 2026, while operating revenue increased by 5.3%[3] Fixed Income - Last week, bond market yields generally declined, with the 10-year government bond yield down by 1.75 basis points[3] - The central bank's net injection of liquidity was 2,319 billion CNY, indicating a stable and slightly loose monetary policy[3] - The bond market is expected to remain in a volatile state due to ongoing geopolitical tensions and inflation concerns[3] Overseas Market Dynamics - US stock markets fell, with the Dow Jones down by 0.90% and the S&P 500 down by 2.12%[3] - The 10-year US Treasury yield rose by approximately 6.21 basis points to 4.4278% amid inflation and interest rate concerns[3] - The US dollar index increased by about 0.67% to 100.1745, driven by rising oil prices and safe-haven demand[3]
宏观周报（3月第4周）：美伊冲突短期波动性仍大-20260330
Century Securities·2026-03-30 08:10