Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The recent macro - environment is generally favorable. Overseas, the Sino - US economic and trade talks sent positive signals and the Fed's first rate cut this year is beneficial to A - shares. Domestically, poor economic data has led to stronger policy expectations, increasing the necessity of promoting consumption, stabilizing the real estate market, and expanding fiscal policies. The stock index trend continues to be bullish, but the policy aims for a "slow - bull" pattern to avoid rapid rallies, and it is recommended to adjust and go long, controlling positions before the holiday [5] 3. Summary by Related Catalogs Market and Liquidity - **Interest Rates**: DROO1 closed at 1.47 with a 3.76bp increase, DR007 at 1.60 with a 1.53bp increase, GC001 at 1.50 with a - 14.50bp change, GC007 at 1.88 with a - 4.00bp change, SHBOR 3M at 1.57 with a 0.80bp increase, LPR 5 - year at 3.50 with no change, 1 - year treasury at 1.37 with no change, 5 - year treasury at 1.63 with a - 0.50bp change, 10 - year treasury at 1.81 with a - 1.00bp change, and 10 - year US treasury at 4.16 with a 4.00bp increase [3] - **Central Bank Operations**: The central bank conducted 4835 billion yuan of 7 - day reverse repurchase operations at an interest rate of 1.40% yesterday, with 4870 billion yuan of reverse repurchases maturing, resulting in a net withdrawal of 35 billion yuan. This week, there are 18268 billion yuan of reverse repurchases maturing from Monday to Friday (2800 billion, 2870 billion, 4185 billion, 4870 billion, 3543 billion respectively), and 3000 billion yuan of MLF maturing on September 25 [3] Stock Index Futures - **Stock Index Performance**: The CSI 300 rose 0.6% to 4593.5, the SSE 50 rose 0.45% to 2952.7, the CSI 500 rose 0.24% to 7341.3, and the CSI 1000 fell 0.37% to 7506.5. The trading volume of the two markets was 23711 billion yuan, an increase of 443 billion yuan from the previous day. Most industry sectors declined, with game, power equipment, energy metals, and wind power equipment sectors rising, while precious metals, shipping ports, jewelry, gas, engineering machinery, and auto - service sectors falling [4] - **Futures Contracts**: For IF, the current - month contract rose 0.6%, with a trading volume of 133482 (down 9.0%) and an open interest of 266373 (up 1.0%); for IH, the current - month contract rose 0.4%, with a trading volume of 51813 (down 16.6%) and an open interest of 94947 (down 3.4%); for IC, the current - month contract rose 0.2%, with a trading volume of 129665 (down 26.8%) and an open interest of 248859 (down 2.8%); for IM, the current - month contract fell 0.4%, with a trading volume of 212836 (down 27.5%) and an open interest of 353327 (down 3.3%) [4] - **Premium and Discount**: IF's current - month contract has a 0.00% premium, IH's current - month contract has a - 0.60% discount, IC's current - month contract has a 10.88% premium, and IM's current - month contract has a 13.68% premium [5]

Group 1 - Domestic policy expectations are rising, with "anti-involution" and demand expansion policies expected to work in tandem, further stabilizing the economy's endogenous momentum [1][5] - Global macro liquidity is improving, and the micro funding environment is favorable, providing support for stock indices [1][4][5] - The stock index is expected to resume an upward trend after a period of consolidation, driven by both fundamental and liquidity boosts [1][5] Group 2 - In August, broad fiscal revenue and expenditure growth rates declined, with broad fiscal revenue increasing by 0.3% year-on-year, a decrease of 3.3 percentage points from the previous month [2] - Tax revenue showed a positive trend, with corporate income tax increasing by 33.4% year-on-year, a significant improvement of 27 percentage points from the previous month [2][3] - Land-related tax revenues continued to show negative growth, with government fund revenue declining by 5.7% year-on-year in August [2][3] Group 3 - Public budget expenditure growth is accelerating, with social welfare-related expenditures maintaining growth, while infrastructure-related expenditures are declining [3] - The government is expected to continue policy support due to the current economic pressures, particularly in light of weak land-related revenues [3] - The significant increase in corporate income tax reflects the effectiveness of "anti-involution" policies, and there are signs of recovery in corporate profits as PPI declines narrow [3] Group 4 - The Federal Reserve's recent 25 basis point rate cut is part of a "preventive" easing cycle, contributing to global macro liquidity improvement [4] - The Chinese central bank maintains a supportive monetary policy stance, with expectations for continued moderate easing in the future [4] - The market is experiencing active sentiment, supported by sustained high levels of financing and increased non-bank deposits [4]

Group 1: Market Interest Rates and Central Bank Operations - DRO01 closed at 1.44 with a 2.41bp increase, DR007 at 1.59 with an 11.09bp increase, GC001 at 1.64 with a 2.00bp increase, GC007 at 1.92 with a 12.50bp increase, SHBOR 3M at 1.57 with a 0.40bp increase, LPR 5 - year at 3.50 with no change, 1 - year treasury at 1.37 with a 1.50bp increase, 5 - year treasury at 1.64 with a 2.50bp increase, 10 - year treasury at 1.82 with a 2.20bp increase, and 10 - year US treasury at 4.12 with a 3.00bp decrease [3] - The central bank conducted 4015 billion yuan of 7 - day reverse repurchase operations, with 4185 billion yuan of reverse repurchases maturing, resulting in a net withdrawal of 170 billion yuan [3] - This week, 18268 billion yuan of reverse repurchases will mature in the central bank's open market, and 3000 billion yuan of MLF will mature on September 25 [4] Group 2: Stock Index Performance - The CSI 300 rose 1.02% to 4566.1, the SSE 50 rose 0.68% to 2939.5, the CSI 500 rose 1.99% to 7323.7, and the CSI 1000 rose 1.7% to 7534.2 [5] - The trading volume of the two stock markets in Shanghai and Shenzhen reached 23268 billion yuan, a decrease of 1676 billion yuan compared to the previous day. Most industry sectors rose, with only the tourism and hotel sector falling [5] Group 3: Futures Market Performance - The trading volume and positions of IF, IH, IC, and IM futures contracts all decreased to varying degrees [5] - The IF next - month contract had an annualized premium of 3.40%, the IH next - month contract had an annualized discount of - 0.06%, the IC next - month contract had an annualized premium of 9.44%, and the IM next - month contract had an annualized premium of 12.51% [7] Group 4: Market Outlook - The macro - environment is generally positive for stock indices. Overseas, Sino - US economic and trade talks have sent positive signals, and the Fed's first interest rate cut this year is beneficial to A - shares. Domestically, poor economic data has led to stronger policy expectations [6] - The stock index trend remains bullish, but the policy aims for a "slow - bull" pattern. It is recommended to adjust and go long, and control positions before the holiday [6]

Global Asset Market Performance - 10 - year Treasury yields of major economies on September 19, 2025: US 4.128%, UK 4.714%, France 3.553%, etc. Latest changes, weekly, monthly and yearly changes vary by country [3] - 2 - year Treasury yields of major economies on September 19, 2025: China (1Y) 3.520%, US 3.976%, UK 2.019%, etc. with corresponding changes [3] - Dollar exchange rates against major emerging - economy currencies on September 19, 2025: South Africa zar 5.324, Russia 17.344, etc. with different changes over different periods [3] - RMB data on September 19, 2025: on - shore RMB 7.118, off - shore RMB 7.119, etc. with various changes [3] - Stock indices of major economies on September 19, 2025: Dow Jones 6664.360, S&P 500 46315.270, etc. with percentage changes over different time frames [3] - Credit bond indices: latest changes, weekly, monthly and yearly changes of emerging - economy investment - grade, high - yield, US investment - grade, etc. are presented [3][4] Stock Index Futures Trading Data - A - share closing prices: A - share 3820.09, CSI 300 4501.92, etc. with corresponding percentage changes [5] - Valuation data: PE(TTM) of CSI 300 is 13.96, S&P 500 is 27.73, etc. with环比 changes [5] - Risk premium: 1/PE - 10 - year interest rate of S&P 500 is - 0.52, German DAX is 2.38 with环比 changes [5] - Fund flow data: latest values and 5 - day average values of A - shares, main board, etc. are given [5] - Trading volume data: latest values and环比 changes of Shanghai and Shenzhen stock markets, CSI 300, etc. are shown [5] - Futures basis and premium/discount data: IF basis is - 37.52, IH basis is 3.66, etc. with corresponding percentages [5] Treasury Futures Trading Data - Treasury futures closing prices: T00 107.835, TF00 105.675, etc. with percentage changes [6] - Fund interest rates: R001 1.4993%, R007 1.5160%, SHIBOR - 3M 1.5620% with daily changes in basis points [6]

Report Summary 1. Report Industry Investment Rating - No relevant information provided. 2. Core View of the Report - No explicit core view is presented in the provided content. The report mainly presents the performance data of various global asset markets. 3. Summary by Related Catalogs Global Asset Market Performance - **10 - Year Treasury Yields of Major Economies**: On September 12, 2025, the 10 - year Treasury yields of the US, UK, France, etc., were 4.022, 4.606, 3.441 respectively. There were no latest changes, but significant weekly, monthly, and yearly changes were observed. For example, the US had a one - year change of 0.266, while Italy had a one - year change of - 0.206 [3]. - **2 - Year Treasury Yields of Major Economies**: On September 12, 2025, the 2 - year Treasury yields of the US, UK, Germany, etc., were 3.540, 3.927, 1.983 respectively. Weekly, monthly, and yearly changes also varied. For instance, the US had a one - year change of - 0.020, while Japan had a one - year change of 0.484 [3]. - **USD Exchange Rates Against Major Emerging Economies' Currencies**: As of September 12, 2025, the exchange rates of the US dollar against the Brazilian real, Russian ruble, etc., were 5.389, 108.000 respectively. There were no latest changes, and weekly, monthly, and yearly changes differed. For example, the Brazilian real had a one - year change of - 4.48% against the US dollar [3]. - **Major Economies' Stock Indices**: On September 12, 2025, the values of the S&P 500, Dow Jones Industrial Average, etc., were 6587.470, 46108.000 respectively. There were no latest changes, but weekly, monthly, and yearly changes were notable. For example, the S&P 500 had a one - year change of 19.34% [3]. - **Credit Bond Indices**: There were no latest changes in the US investment - grade credit bond index, euro - zone investment - grade credit bond index, etc. Weekly, monthly, and yearly changes were positive in most cases. For example, the US high - yield credit bond index had a one - year change of 8.93% [3][4]. Stock Index Futures Trading Data - **Index Performance**: The closing prices of A - shares, CSI 300, etc., were 3870.60, 4522.00 respectively, with different percentage changes. For example, the A - shares had a change of - 0.12% [5]. - **Valuation**: The PE (TTM) of the CSI 300, SSE 50, etc., were 14.13, 11.90 respectively, with corresponding环比 changes [5]. - **Risk Premium**: The risk premiums of the CSI 300, SSE 50, etc., were 3.70, 5.77 respectively, with no环比 changes [5]. - **Fund Flows**: The latest values of A - shares, the main board, etc., were 1342.66, 657.95 respectively [5]. - **Trading Volume**: The latest trading volumes of the Shanghai and Shenzhen stock markets, CSI 300, etc., were 25209.25, 6895.76 respectively, with corresponding环比 changes [5]. - **Main Contract Basis**: The basis of IF, IH, IC were 1.20, 0.06, - 7.75 respectively, with corresponding basis spreads [5]. Treasury Bond Futures Trading Data - **Closing Prices and Percentage Changes**: The closing prices of T00, TF00, etc., were 107.880, 105.760 respectively, with percentage changes of 0.14%, 0.19% respectively [6]. - **Funding Rates and Daily Changes**: The funding rates of R001, R007, etc., were 1.3979%, 1.4651% respectively, with daily changes of - 9.00BP, - 2.00BP respectively [6].

1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The current margin balance is less than 30 billion yuan from the historical high. Among public - fund categories with a high proportion of stock investment, only partial - stock hybrid funds still have some room for position replenishment. The end of the rapid capital inflow window coincides with the military parade time point. It is expected that the subsequent upward rhythm of the market may slow down, and attention should be paid to the risk of a staged correction [2]. 3. Summary by Directory 3.1 Market Analysis - **Macroeconomic Situation**: The eurozone's manufacturing PMI in August reached a three - year high of 50.7, up from 49.8 in July, and expanded for the first time since mid - 2022. In China, President Xi Jinping chaired the 25th meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization. Member states signed and issued multiple important documents [1]. - **Spot Market**: A - share major indices closed up. The Shanghai Composite Index rose 0.46% to 3875.53 points, and the ChiNext Index rose 2.29%. Most sector indices increased, with communication, non - ferrous metals, pharmaceutical biology, and electronics leading the gains, while non - bank finance, banking, and household appliances led the losses. The trading volume of the Shanghai and Shenzhen stock markets was 2.75 trillion yuan. U.S. stocks were closed for the Labor Day holiday [1]. - **Futures Market**: In the futures market, the basis of stock index futures deepened rapidly, and the basis of IC and IM was at a historically low level. The trading volume and open interest of stock index futures declined simultaneously [1]. 3.2 Strategy - The current margin balance is close to the historical high, and only partial - stock hybrid funds have room for position replenishment. The end of the rapid capital inflow window points to the military parade time, so the market's upward rhythm may slow down, and there is a risk of a staged correction [2]. 3.3 Charts - **Macroeconomic Charts**: Include charts showing the relationship between the U.S. dollar index and A - share trends, U.S. Treasury yields and A - share trends, RMB exchange rate and A - share trends, and U.S. Treasury yields and A - share style trends [4][5]. - **Spot Market Tracking Charts**: Present the daily performance of major domestic stock indices on September 1, 2025, and August 31, 2025, including the Shanghai Composite Index, Shenzhen Component Index, ChiNext Index, etc., along with their daily changes. Also include charts of the trading volume of the Shanghai and Shenzhen stock markets and margin balance [4][5][12]. - **Stock Index Futures Tracking Charts**: Provide data on the trading volume and open interest of IF, IH, IC, and IM contracts, their changes, the basis of different contracts, and the inter - period spreads of different contracts. There are also charts showing the open interest, open - interest ratio, and net open interest of foreign investors for different contracts [4][5][14].

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The current market liquidity remains abundant, with A - share daily trading volume at a relatively high level above 2.5 trillion. The macro - level influencing factors are generally favorable, with the 8 - month China manufacturing PMI rising slightly to 49.4% and an increased expectation of a Fed rate cut in September. Strategically, short - term long positions can be tilted towards IF or IH to reduce position fluctuations and risks [7]. 3. Summary According to Relevant Catalogs Market Data of Financial Instruments - The closing price of DR001 is 1.31, down 1.73bp; DR007 is 1.45, down 7.04bp; GC001 is 1.02, down 2.00bp; GC007 is 1.44, down 2.00bp; SHBOR 3M is 1.55, down 0.10bp; LPR 5 - year is 3.50, unchanged; 1 - year treasury bond is 1.36, down 0.25bp; 5 - year treasury bond is 1.59, down 1.00bp; 10 - year treasury bond is 1.77, down 1.00bp; 10 - year US treasury bond is 4.23, up 1.00bp [4]. - The closing price of CSI 300 is 4524, up 0.60%; SSE 50 is 2981, up 0.16%; CSI 500 is 7110, up 0.94%; CSI 1000 is 7501, up 0.84%. The trading volume of IF is 144297, down 27.7%; its open interest is 276618, down 5.7%. The trading volume of IH is 54597, down 33.0%; its open interest is down 10.2%. The trading volume of IC is 126661, down 23.9%; its open interest is 235990, down 5.0%. The trading volume of IM is 251805, down 24.0%; its open interest is 375228, down 3.3% [6]. Central Bank Operations - Last week, the central bank conducted 2.2731 trillion yuan of reverse repurchase operations and 600 billion yuan of 1 - year MLF operations. With 2.077 trillion yuan of reverse repurchases, 300 billion yuan of 1 - year MLF, 400 billion yuan of 91 - day outright repurchases, and 500 billion yuan of 182 - day outright repurchases maturing, there was a net withdrawal of 403.9 billion yuan in all - caliber funds [4]. - This week, 2.2731 trillion yuan of reverse repurchases will mature in the central bank's open - market operations, with 288.4 billion, 405.8 billion, 379.9 billion, 416.1 billion, and 782.9 billion yuan maturing from Monday to Friday respectively. Additionally, 1 trillion yuan of 91 - day outright repurchases will mature on Friday [5]. Market Conditions - Yesterday, most industry sectors closed higher. The precious metals sector soared, with jewelry, biological products, energy metals, medical services, and chemical pharmaceuticals leading the gains, while insurance and aerospace sectors led the losses. The trading volume of the Shanghai and Shenzhen stock markets reached 2.75 trillion yuan, a decrease of 48.3 billion yuan from the previous trading day [6]. Futures Premium and Discount - The premium rates of IF for the current - month, next - month, current - quarter, and next - quarter contracts are 5.88%, 3.63%, 2.66%, and 2.32% respectively. The premium rates of IH are 1.09%, 0.85%, 0.14%, and - 0.12% respectively. The premium rate of IC for the current - month contract is 27.23%. The premium rates of IM for the current - month, next - month, current - quarter, and next - quarter contracts are 32.59%, 19.78%, 14.34%, and 12.31% respectively [8].

Group 1: Interest Rates and Central Bank Operations - DR001 closed at 1.35 with a -6.26 bp change, DR007 at 1.52 with a 5.39 bp change, GC001 at 1.09 with a -9.00 bp change, and GC007 at 1.51 with a 2.50 bp change [3] - SHBOR 3M was at 1.55 with no change, LPR 5 - year at 3.50 with no change [3] - 1 - year treasury bond closed at 1.37 with a -1.25 bp change, 5 - year at 1.61 with a -1.95 bp change, 10 - year at 1.76 with a -2.10 bp change, and 10 - year US treasury at 4.26 with a -7.00 bp change [3] - The central bank conducted 2884 billion yuan of 7 - day reverse repurchase operations with an operating rate of 1.40%, and 2665 billion yuan of reverse repurchases matured, resulting in a net investment of 219 billion yuan [3] - This week, 20770 billion yuan of reverse repurchases will mature in the central bank's open market, and there will also be 3000 billion yuan of MLF maturing on Tuesday, 5000 billion yuan of 6 - month and 4000 billion yuan of 3 - month outright reverse repurchases maturing on Friday [4] Group 2: Stock Index Performance - The CSI 300 closed at 4469 with a 2.08% increase, the SSE 50 at 2990 with a 2.09% increase, the CSI 500 at 6952 with a 1.89% increase, and the CSI 1000 at 7478 with a 1.56% increase [5] - The trading volume of the CSI 300 futures (IF) was 180751 with a 29.0% increase, and the open interest was 289604 with a 4.5% increase; the trading volume of the SSE 50 futures (IH) was 89047 with a 21.2% increase, and the open interest was 120186 with a 5.9% increase; the trading volume of the CSI 500 futures (IC) was 148122 with a 15.2% increase, and the open interest was 244555 with a 4.7% increase; the trading volume of the CSI 1000 futures (IM) was 309362 with a 11.4% increase, and the open interest was 399769 with a 2.2% increase [5] - The trading volume of the two - stock markets reached 31411 billion yuan, an increase of 5944 billion yuan from the previous trading day, and sectors such as non - ferrous metals and real estate development led the gains [5] Group 3: Market Outlook and Strategy - The CSI 300 and SSE 50 further made up for lost ground, and the market continued to be strong. Shanghai adjusted housing policies, and the Fed signaled a rate cut in September [6] - Market liquidity remained abundant, and A - share daily trading volume exceeded 3 trillion yuan. The overall macro news was positive, and the stock index was expected to continue to run strongly [6] - In terms of strategy, long - position varieties could be tilted towards IF or IH to reduce position fluctuations and risks [6] Group 4: Futures Premium and Discount - The premium and discount rates of IF were -1.76% for the current - month contract, -0.37% for the next - month contract, 0.83% for the current - quarter contract, and 1.05% for the next - quarter contract [7] - The premium and discount rates of IH were -1.05% for the current - month contract, -0.72% for the next - month contract, -0.37% for the current - quarter contract, and -0.47% for the next - quarter contract [7] - The premium and discount rates of IC were 8.88% for the current - month contract, 7.44% for the next - month contract, 7.55% for the current - quarter contract, and 7.18% for the next - quarter contract [7] - The premium and discount rates of IM were 12.79% for the current - month contract, 10.38% for the next - month contract, 9.08% for the current - quarter contract, and 8.72% for the next - quarter contract [7]

Report Summary 1. Report Industry Investment Rating - No information provided in the content. 2. Core Viewpoints - No explicit core viewpoints are presented in the provided content. The report mainly offers data on global asset market performance, including bond yields, exchange - rates, stock indices, and futures trading data. 3. Summary by Related Catalogs Global Asset Market Performance - **10 - year Treasury Yields of Major Economies**: On August 15, 2025, the 10 - year Treasury yields of the US, UK, France, etc. were 4.319%, 4.696%, 3.467% respectively. The latest changes, weekly changes, monthly changes, and annual changes varied among different countries. For example, the US had a latest change of 0.033, a weekly change of 0.035, a monthly change of - 0.099, and an annual change of 0.375 [3]. - **2 - year Treasury Yields of Major Economies**: The 2 - year Treasury yields of the US, UK, Germany, etc. on August 15, 2025, were 3.927%, 1.970%, 0.822% respectively. Similar to the 10 - year yields, the changes in different time - frames differed across countries [3]. - **Exchange Rates of the US Dollar Against Major Emerging Economies' Currencies**: On August 15, 2025, the exchange rates against South Africa's ZAR, Brazil, Russia, etc. were presented, along with their latest, weekly, monthly, and annual changes. For instance, against South Africa's ZAR, the latest change was - 0.29%, the weekly change was - 0.61%, the monthly change was - 4.12%, and the annual change was not provided in the context [3]. - **Stock Indices of Major Economies**: Stock indices such as the Dow Jones, S&P 500, France CAC, etc. had their closing prices on August 15, 2025, and their latest, weekly, monthly, and annual changes. For example, the Dow Jones closed at 6449.800, with a latest change of - 0.29%, a weekly change of 0.94%, a monthly change of 2.43%, and an annual change of 24.05% [3]. - **Credit Bond Indices**: The indices of emerging economies' investment - grade and high - yield credit bonds, US investment - grade and high - yield credit bonds, and euro - zone investment - grade and high - yield credit bonds had their latest, weekly, monthly, and annual changes. For example, the emerging economies' investment - grade credit bond index had a latest change of - 0.10%, a weekly change of 0.19%, a monthly change of 1.48%, and an annual change of 5.08% [3][4]. Stock Index Futures Trading Data - **Index Performance**: The closing prices and percentage changes of A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 were provided. For example, the A - share closed at 3696.77 with a 0.83% increase [5]. - **Valuation**: The PE (TTM) and their环比 changes of CSI 300, SSE 50, CSI 500, S&P 500, and Germany DAX were presented. For example, the PE (TTM) of CSI 300 was 13.46 with a 0.04环比 change [5]. - **Risk Premium**: The risk premiums (1/PE - 10 - year interest rate) and their环比 changes of S&P 500 and Germany DAX were given. For example, the risk premium of S&P 500 was - 0.66 with a - 0.02环比 change [5]. - **Fund Flow**: The latest values and 5 - day average values of fund flows in A - shares, the main board, small and medium - sized enterprise board, ChiNext, and CSI 300 were provided. For example, the latest fund flow in A - shares was 931.56, and the 5 - day average was - 217.38 [5]. - **Trading Volume**: The latest trading volumes and环比 changes of the Shanghai and Shenzhen stock markets, CSI 300, SSE 50, small and medium - sized board, and ChiNext were presented. For example, the latest trading volume of the Shanghai and Shenzhen stock markets was 22446.12 with a - 345.97环比 change [5]. - **Main Contract Basis and Spread**: The basis and spread of IF, IH, and IC were provided. For example, the basis of IF was 7.05 with a 0.17% spread [5]. Treasury Bond Futures Trading Data - The closing prices and percentage changes of T00, TF00, T01, and TF01 were presented. For example, T00 closed at 108.295 with a - 0.10% change [6]. - The money market interest rates (R001, R007, SHIBOR - 3M) and their daily changes (BP) were provided. For example, R001 was 1.4391% with a - 3.00 BP daily change [6].

1. Report Industry Investment Rating - No relevant content found 2. Core Viewpoints of the Report - The report presents the performance data of various global asset markets on August 13, 2025, including bond yields, exchange rates, stock indices, and futures trading data [3][5][6] 3. Summary by Related Catalogs Global Asset Market Performance Bond Yields - **10 - year Treasury Bond Yields**: Yields of major economies showed different changes in the latest, weekly, monthly, and yearly periods. For example, the US 10 - year Treasury bond yield was 4.235 on August 13, 2025, with a latest change of - 0.056, a weekly change of 0.006, a monthly change of - 0.222, and a yearly change of 0.446 [3] - **2 - year Treasury Bond Yields**: Similar to the 10 - year bonds, yields of different countries had varying changes. The US 2 - year Treasury bond yield was 3.760 on August 13, 2025, with a latest change of 0.000, a weekly change of 0.070, a monthly change of - 0.150, and a yearly change of - 0.400 [3] Exchange Rates - **Dollar against Major Emerging Economies' Currencies**: The dollar's exchange rates against currencies like the Brazilian real, Russian ruble, South African rand, etc., had different changes. For example, the dollar - Brazilian real exchange rate was 5.398 on August 13, 2025, with a latest change of 0.16%, a weekly change of - 1.21%, a monthly change of - 3.07%, and a yearly change of - 5.68% [3] - **Renminbi**: The on - shore, off - shore, and middle - price of the renminbi, as well as the 12 - month NDF, also had their respective values and changes on August 13, 2025 [3] Stock Indices - **Major Economies' Stock Indices**: Stock indices of major economies such as the Dow Jones, S&P 500, and Nasdaq showed positive changes in the latest, weekly, monthly, and yearly periods. For example, the Dow Jones index was 6466.580 on August 13, 2025, with a latest change of 0.32%, a weekly change of 1.92%, a monthly change of 3.24%, and a yearly change of 24.69% [3] - **Other Stock Indices**: Including the Russian index, Nikkei, Hang Seng Index, etc., also had their own performance and changes [3] Credit Bond Indices - Credit bond indices of emerging economies and developed economies had different values and changes on August 13, 2025. For example, the emerging economies' investment - grade credit bond index was 3467.280, with a latest change of 0.46%, a weekly change of 0.29%, a monthly change of 2.08%, and a yearly change of 4.65% [3][4] Stock Index Futures Trading Data - **Index Performance**: A - shares, CSI 300, SSE 50, ChiNext, and CSI 500 had their closing prices, price changes, and other data. For example, the CSI 300 index closed at 4176.58 on August 13, 2025, with a price change of 0.79% [5] - **Valuation**: PE (TTM) and risk premiums of different indices were presented, along with their changes [5] - **Fund Flows**: The latest values and 5 - day average values of fund flows in different markets were given [5] - **Trading Volume**: The latest trading volumes and their changes of different markets were provided [5] - **Main Contract Premiums and Discounts**: The basis and basis spreads of IF, IH, and IC were shown [5] Treasury Bond Futures Trading Data - Treasury bond futures T00, TF00, T01, and TF01 had their closing prices and price changes on August 13, 2025 [6] - **Funding Rates**: R001, R007, and SHIBOR - 3M had their rates and daily changes [6]