1. Report Industry Investment Ratings - Stock index: ☆☆☆ - Treasury bonds: ☆☆☆ [1] 2. Core Views of the Report - Market cools with a decline in risk preference, and the large - cap style is dominant. The risk of short - term liquidity shock rises. The current overall comprehensive signal is neutral and volatile [1]. - For stock index futures, long - term factors have a certain boosting effect on IC and IM, but their contribution has decreased recently. Short - term factors show a slight decline. For Treasury bond futures, the capital situation remains loose at the beginning of the year, but institutional allocation is slow, and the stock - bond seesaw effect is significant [1]. 3. Summary by Relevant Catalogs 3.1 Macroeconomic Fundamental Medium - High - Frequency Factor Scores - Economic kinetic energy indicators such as blast furnace operating rates and PTA operating rates have different changes. The stock index futures score is 6, and the Treasury bond futures score is 7 [2]. 3.2 Inflation Indicators - Various inflation - related indicators have different weekly changes. The stock index futures score is 7, and the Treasury bond futures score is 5 [3]. 3.3 Liquidity - Liquidity - related indicators such as DR007 and DR001 have different changes. The stock index futures score is 9 [4]. 3.4 Index Valuation - Index valuation indicators like PE, PS, and others have different changes. The stock index futures score is 10 [5]. 3.5 Market Sentiment: Stock Index - Stock - index - related market sentiment indicators such as margin trading balances and trading volumes have different changes. The Treasury bond futures score is 9 [6]. 3.6 Market Sentiment: Bond - Bond - related market sentiment indicators such as government bond yields and volatility indices have different changes. The Treasury bond futures score is 6 [7]. 3.7 Strategy Introduction - The product pool includes stock index futures and Treasury bond futures. The strategy uses multi - strategy models for contract allocation, with short - term models focusing on high - frequency data and long - term models focusing on low - frequency macroeconomic indicators [15]. 3.8 Prediction Signals - As of last Friday, different models (short - term, long - term, and based on position) of various contract main forces (IF, IH, IC, IM, T, TF) have corresponding signals, and the comprehensive signals are calculated by weighted synthesis [16]. 3.9 Last Week's Situation - From March 9 - 13, 2026, the trading situations of various contract main forces (IF, IH, IC, IM, T, TF) are recorded [18]. 3.10 Treasury Bond Futures Cross - Variety Arbitrage Strategy - The strategy is based on the signal resonance of the fundamental three - factor model and the trend regression model. It uses the Nelson - Siegel model to decompose the yield curve and combines PCA and logistic regression. The actual operation uses a 1:1.8 ratio for 10 - 5Y spread adjustment [19]. 3.11 Market Quotes and Trading Signals - For TF and T main contracts from March 9 - 13, 2026, the N - S model signals and trend regression model signals are recorded [22]