Report Summary 1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints - Not provided in the content 3. Summary by Relevant Catalogs Global Asset Market Performance - **10 - Year Treasury Yields**: On August 6, 2025, yields varied across major economies. For example, the US was at 4.229%, the UK at 4.525%. There were different changes in the latest, weekly, monthly, and yearly terms. Japan's yield was 3.715% with a one - year change of - 0.686%, and Brazil's was 6.438% with a one - year change of 0.054% [3]. - **2 - Year Treasury Yields**: On August 6, 2025, the US 2 - year yield was 3.690%, the UK's was 3.816%. Changes also differed in short - term and long - term periods. For instance, the US had a one - year change of - 0.720% [3]. - **Exchange Rates**: The US dollar against major emerging economies' currencies showed various changes. Against the Brazilian real, it had a one - year change of - 2.70%, and against the South African rand, it was - 3.69% [3]. - **Stock Indices**: Different indices had different closing prices and changes. The Dow Jones closed at 6345.060 on August 6, 2025, with a one - month change of 16.13%. The Russian index data was not provided, and the Hang Seng Index had a one - month change of 44.51% [3]. - **Credit Bond Indices**: On August 6, 2025, the emerging economies' investment - grade credit bond index was 3457.120, and the US high - yield credit bond index was 1717.511 [3]. Stock Index Futures Trading Data - **Index Performance**: The A - share index closed at 3633.99 with a 0.45% increase. The CSI 300 closed at 4113.49 with a 0.24% increase [5]. - **Valuation**: The PE(TTM) of the CSI 300 was 13.32, and the S&P 500 was 26.89 [5]. - **Risk Premium**: The risk premium of the S&P 500 (1/PE - 10 - year rate) was - 0.51 with a - 0.04% change [5]. - **Fund Flows**: The latest A - share fund flow was 139.51, and the CSI 300 was 3.78 [5]. - **Trading Volume**: The latest trading volume of the Shanghai and Shenzhen stock markets was 17340.68, and the CSI 300 was 3076.75 [5]. - **Basis and Spread**: The basis of IF was - 16.49 with a - 0.40% spread [5]. Treasury Futures Trading Data - **Treasury Futures**: The T00 closed at 108.555 with a 0.06% increase, and the TF00 closed at 105.775 with a 0.04% increase [6]. - **Funding Rates**: R001 was 1.3482% with a - 12.00 BP daily change, and R007 was 1.4732% with no daily change [6].