研究员： 廖宏斌 期货从业资格号F30825507 期货投资咨询从业证书号Z0020723 | 项目类别 | 数据指标 最新 | 最新 | 环比 项目 | | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | T主力收盘价 57270 | 108.840 | 0.03% T主力成交量 | | -367↓ | | | TF主力收盘价 45830 | 105.915 | -0.06% TF主力成交量 | | 187↑ | | | 33165 TS主力收盘价 | 102.320 | 0.01% TS主力成交量 | | 1035↑ | | | TL主力收盘价 | 120.180 | 0.3% TL主力成交量 | 67316 | -4023↓ | | 期货价差 | TL2509-2506价差 | 0.33 | +0.05↑ T06-TL06价差 | -11.34 | -0.43↓ | | | T2509-2506价差 | 0.17 | +0.02↑ TF06-T06价差 | -2.93 | -0.09↓ | | | TF2509-2506价差 | 0.32 | +0 ...

国债期货午盘收盘 金十期货4月28日讯，2年期国债期货（TS）主力合约涨0.01%，5年期国债期货（TF）主力合约跌 0.06%，10年期国债期货（T）主力合约涨0.03%，30年期国债期货（TL）主力合约涨0.30%。 ...

金十期货4月28日讯，2年期国债期货（TS）主力合约涨0.02%，5年期国债期货（TF）主力合约跌 0.01%，10年期国债期货（T）主力合约涨0.13%，30年期国债期货（TL）主力合约涨0.23%。 国债期货早盘收盘 ...

智通财经4月21日电，国债期货收盘全线下跌，30年期主力合约跌0.33%，10年期主力合约跌0.2%，5年 期主力合约跌0.14%，2年期主力合约跌0.05%。 国债期货收盘全线下跌 30年期主力合约跌0.33% ...

| | 1、央行公告称，4月15日以固定利率、数量招标方式开展了1645亿元7天期逆回购操作，操作利率1.50%，投标量1645 | | --- | --- | | | 亿元，中标量1645亿元。Wind数据显示，当日1674亿元逆回购和1000亿元MLF到期，据此计算，单日全口径净回笼 | | | 1029亿元。 | | | 2、4月16日出版的第8期《求是》杂志将发表国家主席习近平的重要文章《加快建设文化强国》。文章从5个方面对加 快建设文化强国作出部署，第一，坚定不移走中国特色社会主义文化发展道路；第二，着力激发全民族文化创新创造 | | | 活力；第三，始终坚持文化建设着眼于人、落脚于人；第四，在创造性转化和创新性发展中赓续中华文脉；第五，不 | | | 断提升国家文化软实力和中华文化影响力。 | | | 3、国务院总理李强在北京调研时强调，沉着冷静应对外部冲击带来的困难挑战，以更大力度促进消费、扩大内需、做 | | | 强国内大循环，进一步释放我国超大规模市场的活力潜力。国务院总理李强在北京调研时强调，当前和今后一个时 | | 宏观 | 期，我国房地产市场仍有很大的发展空间，要进一步释放市场潜力，着 ...

国债期货午盘收盘 2年期国债期货（TS）主力合约跌0.06%，5年期国债期货（TF）主力合约跌0.04%，10年期国债期货 （T）主力合约涨0.05%，30年期国债期货（TL）主力合约涨0.26%。 ...

Group 1 - The issuance of domestic CTA products significantly increased in Q1 2025, with 73 new products launched, showing a notable rise compared to previous quarters in 2024 [5][6] - The median annualized return for the reported CTA products was 12.40%, with a median Sharpe Ratio of 1.03 and a median maximum drawdown of -5.18%, indicating a healthy performance overall [6][7] - The overall profitability ratio of CTA products in Q1 was 66.0%, suggesting a majority of products generated positive returns [6] Group 2 - The expected returns for stock index CTA strategies are declining due to wide fluctuations in major indices, with small-cap indices performing relatively better [2][34] - A short-term downward price trend is anticipated, particularly in April when annual reports are disclosed, which historically leads to weaker market performance [2][34] - The uncertainty surrounding short-term tariff policies is likely to contribute to a predominantly volatile market in Q2 [2][34] Group 3 - The outlook for government bond CTA strategies is weak, as significant declines were observed in Q1, ending a two-year streak of quarterly gains [3][46] - The yield to maturity (YTM) for government bonds was at historical lows at the beginning of the year, indicating a potential for reversal in market conditions [3][46] - External factors, such as increased global tariff policies, may lead to rising inflation, further impacting the bond market negatively [3][46] Group 4 - The commodity market showed a strong upward trend in Q1, with inflationary signs emerging, although there was internal differentiation among sectors [4][55] - Agricultural products began to rebound, indicating potential for further price increases, while metals, despite leading gains, are at historically high price levels [4][55] - The overall positive trend in commodity prices is expected to enhance the profitability of commodity CTA strategies in Q2 [4][55]

我们总是对盈利零容忍，而对亏损却很放纵。一小赚就跑，一亏就死扛，总是在"入场亏损 - 持有死扛 - 解套就跑"的小赚大亏中循环着，能扛到解套还算幸运，很多人都是在扛不住大亏时，悔恨离场，似乎 天生是来给市场送钱的，而不是来赚钱的。 ——笔记哥《应对》 【笔记20250205— DeepSeek版：TL赠与我的（+关税担忧+PMI数据低于预期+午后资金面转松+股市下 跌=中下)】 资金面先紧后松，长债收益率明显下行。 央行公开市场开展6970亿元7天期逆回购操作，今日有14135亿元逆回购到期。净回笼7165亿元。 上午资金面均衡略偏紧，午后转松，资金价格偏贵。 | | | | 银行间资金 | (2025. 02. 05) | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购代码 | 加权利率 | 变化 | 利率走势 | 最高利率 | 变化 | 成交量 | 变化量 | 成交量占 | | | (%) | (bp) | (近30天) | (%) | (bp) | (亿元) | (亿元) | 比 (%) | | R001 | 1. ...