I. review of global asset performance
The Asia Pacific stock market rose and fell;
Government bond interest rate: Turkey raised interest rates sharply;
Bulk market: metal products led the increase;
Major exchange rates: the US dollar index fell to 103;
US bond yield: stabilized after rapid rise;
China bond yield: the term spread narrowed;
China US interest rate spread: rebounded to 0.01%;
US stocks: the stock index fell, the volatility fell, and the consumer sector led the decline;
Hong Kong stocks: the Hang Seng Index rose 4.1%, led by industry and raw materials;
A shares: only pharmaceutical and biological products fell, and the undervalued value performed slightly worse.
II capital market capital flow tracking
US dollar index: up 7.4% year to date;
Long term mutual funds: continuous net outflow;
Foreign debt holdings: year to date continued to decline;
Foreign capital holding: overall inflow of capital from the north;
Money market: the net return of 10 billion yuan from open market operation;
The 5-year LPR was 15 basis points lower than expected;
The repo rate is generally stable;
Liquidity of a shares: the scale of issuing and raising funds and lifting restrictions on sales is low;
Fund issuance contracted and the balance of the two financial institutions recovered;
Nonferrous Metals and power equipment industries are favored by the main funds.
Risk warning: the economy is going down faster than expected; Repeated outbreaks; Market volatility risk exceeding expectations.
