统计口径误差。数据统计大多为抽样，恐与现实情况有些许出入。 本周（2 月 15 日至 2 月 28 日），国金证券固收基本面监测体系中,共有 45 个高频指标更新。其中我们对绝对值指标计 算当月同比，对百分比指标计算月均值，然后针对债市做定性判断。结果显示：总体上，"利好"与"利空"指标个 数分别为 18 个与 27 个。其中，"利好"主要体现在粗钢产量、多数行业开工率、商品房成交面积、消费(轻纺成交)、 出行（市内）、工业品价格等方面，"利空"主要体现在耗煤、商品房成交价格&土地成交量价、消费（集装箱吞吐量、 快递、失业金搜索指数、票房）、出行（远距离）、出口、旅游消费价格、及多数农产品价格等方面。 本周（2 月 15 日至 2 月 28 日），利率十大同步指标释放的信号中，"利好"和"利空"各自占比 5/10；较上周的变化 有：企业中长贷余额增速、美元指数发出"利好"信号。 具体地：①企业中长贷余额增速为 7.4%，低于前值 7.9%，属性"利好"；②建材综合指数为 114.0，低于前值 115.3， 属性"利好"；③BCI：企业招工前瞻指数为 56.3%，高于前值 55.8%，属性"利空"；④失业金领取 ...

钛媒体App 2月27日消息，美联储古尔斯比表示，利率可以下调，但不想在通胀缓解之前就提前大幅降 息；如果通胀回落，利率今年可以降更多；就业市场稳定，经济一直稳健。（广角观察） ...

DMC Global (NasdaqGS:BOOM) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Company ParticipantsEric Walter - CFOGeoff High - Vice President of Investor RelationsJames O'Leary - President and CEOStephen Gengaro - Managing DirectorConference Call ParticipantsGerard Sweeney - Managing Director and Senior Research AnalystKen Newman - Vice President and Equity Research AnalystOperatorGreetings. Welcome to the DMC Global fourth quarter earnings call. At this time, all participants are in a listen-only mode. A ...

巴西中央银行2月23日发布《焦点报告》，将2026年国内生产总值（GDP）增长预期由此前的1.8%小幅 上调至1.82%。报告同时公布后续年份增长预期：2027年维持在1.8%，2028年和2029年预期均为2%。 市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 通胀预期方面，市场将2026年全国广义消费者价格指数（IPCA）预期从3.95%下调至3.91%，2027年通 胀预期维持3.8%，2028年和2029年均为3.5%。上述通胀预期水平均处于国家货币委员会设定的通胀目 标区间内，该区间以3%为目标值，上下浮动1.5个百分点。 利率层面，当前巴西基准利率仍维持在15%的高位。报告显示，市场预计该利率将在2026年底降至 12.13%，低于此前预测的12.25%；2027年和2028年预期分别为10.5%和10%，2029年有望进一步降至 9.5%。 汇率方面，市场预计美元对雷亚尔在2026年底报5.45雷亚尔，到2027年底升至5.50雷亚尔。 ...

证券研究报告|固收点评报告 [Table_Date] 2026 年 02 月 23 日 [Table_Title] 节后债市应对指南 （一）2 月利率破位下行，三股推力 2 月以来，债市延续强势行情，10 年国债收益率成功突破 1.80%阻力位，由 1.81%下行至 1.78%。期间交易 型品种表现更为突出，5 年、30 年国债收益率均下行 4bp 至 1.54%、2.25%，5 年、7 年、10 年国开债收益率分 别下行 5bp、6bp、4bp 至 1.74%、1.86%、1.95%，3 年、5 年二级资本债收益率降幅更是达到 5bp、8bp。 长端利率超预期突破箱体的背后，主要有三股推力。首先是配置盘供需错位叙事或仍在延续。尽管 2 月政府 债发行速度较 1 月边际提升，单月净供给规模由 1.18 万亿元提升至 1.38 万亿元，但银行负债或始终处于相对充裕 的状态。2025 年 12 月与 2026 年 1 月，大型银行境内存款增幅分别为 1.59、4.17 万亿元，远超过去五年同期季 节性均值 0.03、2.75 万亿元；中小型银行增幅分别为 1.21、2.44 万亿元，同样位于历史同期高位水平。叠加 ...

责任编辑：张俊 SF065 达拉斯联邦储备银行行长洛里·洛根表示，她对利率持"谨慎乐观"态度，并承认企业可能面临更多不确 定性——包括最高法院的关税裁决。 新浪合作大平台期货开户 安全快捷有保障 责任编辑：张俊 SF065 达拉斯联邦储备银行行长洛里·洛根表示，她对利率持"谨慎乐观"态度，并承认企业可能面临更多不确 定性——包括最高法院的关税裁决。 新浪合作大平台期货开户 安全快捷有保障 ...

Core Viewpoint - The Federal Reserve's Kashkari stated that interest rates play a relatively small role in the housing shortage issue [1] Group 1 - Interest rates are not the primary factor contributing to the housing shortage [1] - The statement suggests that other factors may be more significant in addressing the housing supply crisis [1]

Group 1 - The core viewpoint of the articles indicates that gold and silver prices have rebounded after a decline, with gold futures for April 2026 closing at $4996.10 per ounce, reflecting a 1.84% increase [1] - The Federal Open Market Committee (FOMC) released minutes from its January meeting, suggesting that inflation driven by tariffs is expected to ease over time, although there is significant uncertainty regarding the timeline [1] - FOMC members noted that while the labor market appears to be stabilizing after a cooling period, consumer price inflation remains slightly elevated [1] Group 2 - Market analysts believe that the precious metals market is currently more influenced by speculative factors rather than fundamental factors, with prices exhibiting a pattern of slow increases followed by rapid declines [2] - The next bullish target for April gold futures is to break through the strong resistance level of $5250, while the bearish target is to fall below the technical support level of $4670 [2] - For March silver futures, the next bullish target is to surpass the strong technical resistance level of $90, while the bearish target is to drop below the strong support level of $63.9 [2][3]

编辑｜谭婷 北京时间2月19日，美股三大指数集体收涨，纳指涨0.78%，标普500指数涨0.56%，道指涨0.26%。美联 储最新公布的货币政策会议纪要显示，官员在利率前景问题上出现明显分歧。 | 美股指数 △ | | | | --- | --- | --- | | 道琼斯工业 | 纳斯达克指数 | 标普500 | | 49662.66 | 22753.63 | 6881.31 | | +129.47 +0.26% | +175.25 +0.78% | +38.09 +0.56% | | 美国科技七巨头 中概科技龙头 | | 中国金龙 | | 62411.63 | 4030.90 | 7580.87 | | +479.86 +0.77% +22.25 +0.55% | | -3.12 -0.04% | | 道琼斯期货 | 纳斯达克100期 | 标普500期货 | | 49715 | 24945.00 | 6892.75 | | +103 +0.21% +177.25 +0.72% | | +32.25 +0.47% | | 全美指数涨跌分布 | | | | 跌2698 | | 涨2604 | | 成交额354 ...

Core Viewpoint - US stock market experienced a slight increase, supported by gains in financial stocks, but overall gains were limited due to a decline in software stocks [1][10]. Group 1: Market Performance - The Dow Jones Industrial Average rose by 32.26 points, or 0.07%, closing at 49,533.19 points; the Nasdaq increased by 31.71 points, or 0.14%, to 22,578.38 points; and the S&P 500 gained 7.05 points, or 0.10%, ending at 6,843.22 points [3][12]. - Financial stocks such as Citigroup and JPMorgan saw increases, with Citigroup up 2.7% and JPMorgan up 1.7% [3][12]. - Software stocks faced significant declines, with ServiceNow down over 1% (31% year-to-date), Autodesk and Palo Alto Networks down approximately 2% (23% and 11% year-to-date respectively), and Salesforce and Oracle down about 3% (30% and 20% year-to-date respectively) [3][12]. Group 2: Investor Sentiment and Trends - Concerns over artificial intelligence potentially replacing specific software providers have negatively impacted the software industry [5][12]. - A recent Bank of America fund manager survey indicated that the level of stock accumulation has triggered a contrarian sell signal, with the stock overweight ratio reaching its highest level since December 2024 [6][13]. - The Bank of America Bull & Bear Indicator currently reads 8.2, signaling a "sell" recommendation, suggesting that high market optimism may indicate overvaluation of stocks [6][13]. Group 3: Economic Indicators and Future Outlook - The S&P 500 index and Dow Jones both experienced declines over the past week, with the S&P 500 down over 1% and the Nasdaq down over 2% [7][14]. - Concerns regarding AI disruption have overshadowed recent consumer price index (CPI) data, which was milder than expected [7][15]. - Investors are awaiting further information on inflation trends, with a personal consumption expenditures report due soon [7][15]. Group 4: Federal Reserve Insights - Federal Reserve officials are assessing the potential impact of AI on economic growth and productivity, which is crucial for achieving growth without increasing inflation [9][17]. - Fed officials suggest maintaining stable interest rates until more evidence of inflation moving towards the 2% target is observed [9][17].