Group 1: Global Asset Market Performance - The latest yields of 10 - year government bonds in major economies: US 4.169, UK 4.476, France 3.562, Germany 2.854, Italy 3.548, Spain 3.286, Switzerland 0.277, Greece 3.439, Japan 2.059, Brazil 6.209, China 1.843, Australia 4.741, New Zealand 4.397 [3] - The latest yields of 2 - year government bonds in major economies: US 3.475, UK 3.714, Germany 2.120, Japan 1.168, Italy 2.194, China (1Y yield) 1.342, Australia 4.056 [3] - The latest exchange rates of the US dollar against major emerging - economy currencies: Brazil (not fully shown), Russia (not fully shown), South Africa zar 16.561, South Korean won (not fully shown), Thai baht (not fully shown), Malaysian ringgit 4.060 [3] - The latest exchange rates of the RMB: on - shore RMB 6.988, off - shore RMB 6.976, RMB central parity rate 7.029, RMB 12 - month NDF 6.862 [3] - The latest values of major economies' stock indexes: S&P 500 6845.500, Dow Jones Industrial Average 48063.290, Nasdaq 23241.990, Mexican Index 64308.290, UK Index 9931.380, France CAC 8149.500, German DAX (not fully shown), Spanish Index 17307.800, Russian Index (not fully shown), Nikkei (not fully shown), Hang Seng Index 25630.540, Shanghai Composite Index 3968.840, Taiwan Index (not fully shown), South Korean Index (not fully shown), Indian Index (not fully shown), Thai Index (not fully shown), Malaysian Index 1680.110, Australian Index 9018.786, Emerging - economy Index 1404.370 [3] - The latest values of credit - bond indexes: US investment - grade credit - bond index 3545.180, Eurozone investment - grade credit - bond index 265.782, Emerging - economy investment - grade credit - bond index 290.360, US high - yield credit - bond index 2914.490, Eurozone high - yield credit - bond index 410.300, Emerging - economy high - yield credit - bond index 1824.631 [3] Group 2: Stock Index Futures Trading Data - Index performance: A - shares' closing price is 3968.84 with a 0.09% increase; CSI 300's closing price is 4629.94 with a - 0.46% decrease; SSE 50's closing price is 3031.13 with a - 0.18% decrease; ChiNext's closing price is 3203.17 with a - 1.23% decrease; CSI 500's closing price is 7465.57 with a 0.09% increase [4] - Valuation: PE (TTM) of CSI 300 is 14.17 with a - 0.02 change; SSE 50 is 11.85 with a 0.02 change; CSI 500 is 33.80 with a 0.01 change; S&P 500 is 27.34 with a - 0.21 change; German DAX is 18.95 with a 0.00 change [4] - Risk premium: 1/PE - 10 - year interest rate of S&P 500 is - 0.51 with a - 0.02 change; German DAX is 2.42 with a 0.00 change [4] - Fund flow: The latest values for A - shares are - 601.31, for the main board - 430.72, for the ChiNext - 108.75, for CSI 300 - 177.02; the 5 - day average values for A - shares are - 401.18, for the main board - 313.35, for the ChiNext - 66.25, for CSI 300 - 21.09 [4] - Transaction amount: The latest values for the Shanghai and Shenzhen stock markets are 20451.42 with a - 971.84 change; for CSI 300 are 4444.92 with a - 126.93 change; for SSE 50 are 1076.68 with a - 55.07 change; for the small - and - medium - sized board are 4402.75 with a - 233.99 change; for the ChiNext are 5436.92 with a - 158.03 change [5] - Main contract basis and spread: For IF, the basis is - 30.14 with a - 0.65% spread; for IH, the basis is - 6.13 with a - 0.20% spread; for IC, the basis is - 102.77 with a - 1.38% spread [5] Group 3: Treasury Bond Futures Trading Data - Closing prices of treasury bond futures: T2303 is 107.86 with a - 0.07% change; TF2303 is 105.76 with a - 0.05% change; T2306 is 107.88 with a - 0.06% change; TF2306 is 105.75 with a - 0.07% change [5] - Fund interest rates: R001 is 1.4568% with a - 60.00 BP change; R007 is 2.1559% with a 10.00 BP change; SHIBOR - 3M is 1.6000% with a 0.00 BP change [5]

1. Report Industry Investment Rating - No relevant content provided 2. Core View - No core view explicitly stated in the provided content 3. Summary by Related Catalogs Global Asset Market Performance - **10 - Year Treasury Yields of Major Economies**: On December 9, 2025, the 10 - year Treasury yields of the US, UK, France, etc. were 4.189%, 4.504%, 3.554% respectively. There were various changes in yields over different time periods such as daily, weekly, monthly, and yearly [3]. - **2 - Year Treasury Yields of Major Economies**: On December 9, 2025, the 2 - year Treasury yields of the US, UK, Germany, etc. were 3.560%, 3.777%, 2.152% respectively. Yields also had different changes over different time intervals [3]. - **US Dollar Exchange Rates against Major Emerging - Market Currencies**: On December 9, 2025, the exchange rates of the US dollar against currencies like the Brazilian real, Russian ruble, etc. were reported. There were percentage changes in these exchange rates over different time periods [3]. - **Renminbi Exchange Rates**: On December 9, 2025, the on - shore, off - shore, and middle - price of the Renminbi were 7.064, 7.061, 7.077 respectively. There were percentage changes in these rates over different time periods [3]. - **Stock Indices of Major Economies**: On December 9, 2025, the closing prices of indices such as the Dow Jones, S&P 500, etc. were reported. There were percentage changes in these indices over different time periods [3]. - **Credit Bond Indices**: On December 9, 2025, the values of emerging - market investment - grade, high - yield, and other credit bond indices were reported. There were percentage changes in these indices over different time periods [3]. Stock Index Futures Trading Data - **Index Performance**: The closing prices and percentage changes of A - shares, CSI 300, SSE 50, etc. were reported on a certain day. The closing prices were 3909.52, 4598.22, 2997.96 respectively, with percentage changes of - 0.37%, - 0.51%, - 0.71% [4]. - **Valuation**: The PE (TTM) and their环比 changes of CSI 300, SSE 50, etc. were reported. For example, the PE (TTM) of CSI 300 was 14.03 with a环比 change of - 0.05 [4]. - **Risk Premium**: The risk premiums and their环比 changes of S&P 500, German DAX, etc. were reported. For example, the risk premium of S&P 500 was - 0.51 with a环比 change of - 0.02 [4]. - **Fund Flows**: The latest values and 5 - day average values of fund flows in A - shares, the main board, etc. were reported. For example, the latest value of A - share fund flow was - 1141.62 [4]. - **Trading Volume**: The latest trading volumes and their环比 changes in the Shanghai and Shenzhen stock markets, CSI 300, etc. were reported. For example, the latest trading volume of the Shanghai and Shenzhen stock markets was 19039.53 with a环比 change of - 1326.93 [4]. - **Main Contract Premium or Discount**: The basis and percentage of basis of IF, IH, IC were reported. For example, the basis of IF was - 15.02 with a percentage of - 0.33% [4]. Treasury Bond Futures Trading Data - **Closing Prices and Percentage Changes**: The closing prices and percentage changes of T00, TF00, T01, TF01 Treasury bond futures were reported. For example, the closing price of T00 was 108.160 with a percentage change of 0.05% [5]. - **Funding Rates**: The R001, R007, SHIBOR - 3M funding rates and their daily changes (in BP) were reported. For example, the R001 rate was 1.3650% with a daily change of - 12.00 BP [5].

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - Not provided in the given content 3. Summary by Relevant Catalogs Global Asset Market Performance - **10 - year Treasury Yields of Major Economies**: On May 27, 2025, the 10 - year Treasury yields of the US, UK, France, Germany, etc. were 4.446, 4.665, 3.204, 2.531 respectively. The latest changes in France, Germany, etc. were - 0.032, - 0.028. Weekly and monthly changes varied across different countries [2]. - **2 - year Treasury Yields of Major Economies**: On May 27, 2025, the 2 - year Treasury yields of the US, UK, Germany, etc. were 4.000, 4.016, 1.785 respectively. The latest changes in the US, Germany, etc. were 0.000, 0.009. Weekly and monthly changes also differed [2]. - **US Dollar Exchange Rates Against Major Emerging Economies' Currencies**: On May 27, 2025, the exchange rates against Brazil, South Africa, etc. were 5.642, 17.949 respectively. The latest changes in Brazil, South Africa, etc. were - 0.47%, 0.47%. Weekly, monthly, and yearly changes were diverse [2]. - **Stock Indices of Major Economies**: On May 27, 2025, the S&P 500, Dow Jones Industrial Average, etc. had closing prices of 5921.540, 42343.650 respectively. The latest changes in the Mexican stock index, French CAC, etc. were 0.23%, - 0.02%. Weekly, monthly, and yearly changes varied [2]. - **Credit Bond Indices**: The latest changes in the US investment - grade credit bond index, euro - zone investment - grade credit bond index, etc. were 0.72%, 0.16%. Weekly, monthly, and yearly changes were different for each index [2]. Stock Index Futures Trading Data - **Index Performance**: The closing prices of A - shares, CSI 300, etc. were 3340.69, 3839.40 respectively. The percentage changes were - 0.18%, - 0.54% [3]. - **Valuation**: The PE (TTM) of the CSI 300, SSE 50, etc. were 12.45, 10.86 respectively. The环比changes were - 0.04, - 0.01 [3]. - **Risk Premium**: The 1/PE - 10 - year interest rate of the S&P 500, German DAX were - 0.50, 2.29. The环比change of the German DAX was - 0.01 [3]. - **Fund Flows**: The latest values of A - shares, the main board, etc. were - 472.89, - 328.28 respectively. The 5 - day average values also varied [3]. - **Trading Volume**: The latest trading volumes of the Shanghai and Shenzhen stock markets, CSI 300, etc. were 9989.26, 1784.67 respectively. The环比changes were - 110.34, - 304.10 [3]. - **Main Contract Premium/Discount**: The basis of IF, IH, IC were - 30.20, - 16.68, - 74.15. The percentages were - 0.79%, - 0.62%, - 1.31% [3]. Treasury Futures Trading Data - The closing prices of T00, TF00, T01, TF01 were 108.465, 105.730, 108.735, 106.030 respectively. The percentage changes were - 0.01%, - 0.00%, 0.00%, 0.01% [4]. - The fund interest rates of R001, R007, SHIBOR - 3M were 1.4895%, 1.6794%, 1.6440%. The daily changes were - 21.00BP, - 2.00BP, 0.00BP [4].