1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - No explicit core viewpoints are presented in the given content 3. Summary by Related Catalogs Global Asset Market Performance - **10 - Year Treasury Yields of Major Economies**: On August 21, 2025, the 10 - year Treasury yields in the US, UK, France, etc. were 4.329, 4.729, 3.461 respectively. The latest changes, weekly changes, monthly changes, and annual changes varied across countries. For example, the US had a latest change of 0.037, a weekly change of 0.043, a monthly change of - 0.069, and an annual change of 0.485 [3] - **2 - Year Treasury Yields of Major Economies**: On August 21, 2025, the 2 - year Treasury yields in the US, UK, Germany, etc. were 3.750, 3.966, 1.969 respectively. The latest changes, weekly changes, monthly changes, and annual changes also differed. For instance, the US had a latest change of - 0.020, a weekly change of 0.030, a monthly change of 0.030, and an annual change of - 0.300 [3] - **Exchange Rates of the US Dollar against Major Emerging Economies' Currencies**: On August 21, 2025, the exchange rates against the Brazilian real, Russian ruble, South African rand, etc. were 5.476, - (not available), 17.718 respectively. The latest changes, weekly changes, monthly changes, and annual changes showed different trends. For example, against the Brazilian real, the latest change was - 0.12%, the weekly change was 1.08%, the monthly change was - 0.81%, and the annual change was 0.37% [3] - **Stock Indices of Major Economies**: On August 21, 2025, the Dow Jones, S&P 500, NASDAQ, etc. had values of 6370.170, 44785.500, 21100.310 respectively. The latest changes, weekly changes, monthly changes, and annual changes varied. For example, the Dow Jones had a latest change of - 0.40%, a weekly change of - 1.52%, a monthly change of 17.22%, and an annual change not fully shown [3] - **Credit Bond Indices**: The emerging economies' investment - grade and high - yield credit bond indices, US investment - grade and high - yield credit bond indices, and euro - zone investment - grade and high - yield credit bond indices had different latest changes, weekly changes, monthly changes, and annual changes. For example, the emerging economies' investment - grade credit bond index had a latest change of - 0.26%, a weekly change of - 0.27%, a monthly change of 1.00%, and an annual change of 3.91% [3][4] Stock Index Futures Trading Data - **Index Performance**: The A - share, CSI 300, SSE 50, ChiNext, and CSI 500 had closing prices of 3771.10, 4288.07, 2862.18, 2595.47, and 6704.17 respectively on the reporting date, with corresponding percentage changes in price [5] - **Valuation**: The PE (TTM) of CSI 300, SSE 50, CSI 500, S&P 500, and German DAX were 13.73, 11.71, 32.02, 27.00, and 20.07 respectively, with corresponding环比 changes [5] - **Risk Premium**: The risk premium of S&P 500 and German DAX were - 0.63 and 2.23 respectively, with corresponding环比 changes [5] - **Fund Flow**: The latest values and 5 - day average values of fund flow in A - shares, main board, small and medium - sized enterprise board, ChiNext, and CSI 300 were presented. For example, the latest value of A - share fund flow was - 1351.53, and the 5 - day average was - 312.50 [5] - **Trading Volume**: The latest trading volumes and环比 changes of the Shanghai and Shenzhen stock markets, CSI 300, SSE 50, small - cap board, and ChiNext were given. For example, the latest trading volume of the Shanghai and Shenzhen stock markets was 24240.57, with a环比 change of 158.23 [5] - **Main Contract Premium or Discount**: The basis and percentage of basis for IF, IH, and IC were - 5.87 (- 0.14%), 3.22 (0.11%), and - 47.77 (- 0.71%) respectively [5] Treasury Bond Futures Trading Data - The closing prices of T00, TF00, T01, and TF01 were 108.000, 105.500, 107.875, and 105.450 respectively, with corresponding percentage changes in price [6] - The R001, R007, and SHIBOR - 3M had values of 1.5143%, 1.5356%, and 1.5500% respectively, with daily changes in basis points [6]