黄金白银日报：美元美债收益率走跌，金银高位盘整

东吴期货研究所 021-63123063 www.dwfutures.com 323 美元美债收益率走跌，金银高位盘整 类别品种开盘最高最低收盘单日涨跌%5日涨跌%伦敦金1869.621883.891863.931873.37-0.211.62伦敦银27.7428.0027.4027.74-0.061.16纽约金1869.901885.301864.201875.30-0.352.02纽约银27.9228.0527.7228.050.162.56上期金390.30393.98388.00390.36-0.222.40上期银5769.005863.005648.005717.00-0.732.49上金T+D385.88392.70385.72390.920.382.87上银T+D 5708.005840.005631.005714.00-0.312.90CRB商品201.86201.86199.96200.00-0.92-1.62LME 铜10041.0010180.009969.0010048.000.46-1.88WTI63.3963.9661.8762.210.44-4.83布伦特66.6367.1764.8065.290.28-4.98美元90.2190.2389.7289.76-0.05-0.62欧美1.221.221.221.220.050.77澳美0.770.780.770.78-0.12-0.05人民币6.446.446.436.430.00-0.04美10年期TIPS(0.83)(0.82)(0.85)(0.82)1.3210.52美10年期国债期货价格132.09132.53132.03132.45-0.020.04美5Y5Y通胀平衡预期2.312.332.282.290.00-2.77 黄金ETF VIX 17.6717.9717.1317.29-2.813.22白银ETF VIX36.5137.7436.3936.76-2.427.17黄金5月19日5月20日白银5月19日5月20日上金T+D-AU2106-1.620.41上银T+D-AG2106-224-120AU2112-AU21062.322.32AG2112-AG2106104104伦敦金/伦敦银68.2467.71上金/上银66.5267.94纽约金/纽约银67.7867.80期金/期银66.4866.48百万美元百万美元日期持有量（吨）持仓量增减持有价值持有量（吨）持仓量增减持有价值2021-5-201037.095.8262616.0517821.1540.415889.802021-5-191031.27-4.6662601.5017780.75015816.83公斤/公吨上期金上期银可用库容（白银可用库容变化纽约金纽约银2021-5-20352824278971846216113521073.4511037.072021-5-1935762438975184708135961073.4511066.74库存信息交易策略尽管美联储在谈论缩减量化宽松，但实际上投资者淡定看待美联储可能缩减经济支持措施的暗示。国际金价突破1850关口上方，白银回落至27美元关口上方。国内，谨慎投资者多单部分减持持有，稳健投资者采取高抛低吸交易。宏观面周四现货黄金震荡上行，美盘初站上1880美元，但随后回落至此关口下方，最终收涨0.41%，报1877.17美元/盎司。现货白银日内在28美元关口下方震荡，收盘微涨0.09%，报27.74美元/盎司。美元回落，徘徊在数月低位附近，因一轮冒险推动的涨势吸引投资者出脱避险货币，逆转了美元周三的反弹走势。金价守在四个月高位附近。基金持仓SPDR黄金ETFiShares白银ETF截止上周五，SPDR黄金ETF持仓量较前日增持5.82吨至1037.09吨；Ishares白银ETF持仓量较前日持40.4吨至17821.15吨，显示机构投资者偏多金银。贵金属市场信息表贵金属相关品种品种相关性价差比价 快手必读---黄金白银日报 东吴期货研究所 宏观与金融工程组 万 涛 021-63123175 从业证书：F0288751 投资咨询证书：Z0012259 期市有风险，投资需谨慎！ 研究所办公地址： 上海市-黄浦区西藏南路1208号6楼 苏州市-工业园区星阳街5 号东吴证券大楼8楼 2021年5月21日星期五 东吴期货研究所 www.dwfutures.com 第 2 页 1【市场信息参考】 每日交易行情表 2021-5-20合约收盘价 元涨跌 元涨跌幅 %持仓量 手持仓量变化 手成交额 万元成交量 手AU2106.SHF390.300.840.2257,758-12,3125,098,931131,065AU2107.SHF391.302.160.5666123,77997AU2108.SHF390.860.960.2554,7128881,401,99435,985AU2110.SHF391.560.980.2537,710506516,58313,234AU2112.SHF392.521.120.2996,4809,1411,814,58546,368AU2202.SHF393.501.800.4683462816AU2204.SHF394.180.180.0559251313AU2206.SHF394.020.640.16721183全部合约246,875-1,7578,837,132226,781合约收盘价 元涨跌 元涨跌幅 %持仓量 手持仓量变化 手成交额 万元成交量 手AG2106.SHF5,838.00-13.00-0.22248,252-47,6818,382,717954,837AG2107.SHF5,853.00-14.00-0.2449,033-3,554696,72079,189AG2108.SHF5,871.00-24.00-0.4144,945602636,85972,158AG2109.SHF5,886.00-26.00-0.4424,773-599283,85032,066AG2110.SHF5,900.00-24.00-0.417,10128393,64610,547AG2111.SHF5,922.00-32.00-0.543,995-351,5805,798AG2112.SHF5,945.00-20.00-0.34293,4579,2433,067,966343,387AG2201.SHF5,955.00-31.00-0.52208885996AG2202.SHF5,972.00-11.00-0.182183659466AG2203.SHF5,993.00-32.00-0.53157431635AG2204.SHF5,970.00-62.00-1.031131666674AG2205.SHF6,025.0016.000.2726839744全部合约672,278-41,63713,216,1711,498,297 020,00040,00060,00080,000100,000120,000140,000AU2103.SHFAU2104.SHFAU2105.SHFAU2106.SHFAU2108.SHFAU2110.SHFAU2112.SHFAU2202.SHF上期金持仓量与成交量持仓量手成交量...0100,000200,000300,000400,000500,000600,000700,000800,000900,000上期银持仓量与成交量持仓量手成交量... -812 -13 -2,155 2,058 1,029 880 3 -20,000020,00040,00060,00080,000100,000120,000140,000AU2103.SHFAU2104.SHFAU2105.SHFAU2106.SHFAU2108.SHFAU2110.SHFAU2112.SHFAU2202.SHF上期金持仓量与持仓量变化持仓量变化...持仓量手-202 304 -635 -1,903 -134 59 109 -5 1 -429 -1 -9 -50,000050,000100,000150,000200,000250,000300,000350,000400,000450,000500,000上期银持仓量与持仓量变化持仓量变化...持仓量手 东吴期货研究所 www.dwfutures.com 第 3 页 金银基金持仓和CFTC非商业持仓量主要数据跟踪 -10-8-6-4-20246810980100010201040106010801100黄金持仓量增减（吨）黄金ETF持有量-250-200-150-100-500501001502002501600016500170001750018000185001900019500持仓量增减（吨）白银i s hares持仓量 (3.50)(3.00)(2.50)(2.00)(1.50)(1.00)(0.50)0.00350355360365370375380385390395上期金远近合约价差及走势2112-2106沪金2112沪金21060.0020.0040.0060.0080.00100.00120.00140.004000450050005500600065002020-09-092020-09-112020-09-132020-09-152020-09-172020-09-192020-09-212020-09-232020-09-252020-09-272020-09-292020-10-012020-10-032020-10-052020-10-072020-10-092020-10-112020-10-132020-10-152020-10-172020-10-192020-10-212020-10-232020-10-252020-10-27上期银远近合约价差及走势2106-2012沪银2012沪银2106 (12.00)(10.00)(8.00)(6.00)(4.00)(2.00)0.00350370390410430450470上金期现基差及走势现-近期沪金2012SGE黄金T+D(120.00)(100.00)(80.00)(60.00)(40.00)(20.00)0.0020.0040.00330038004300480053005800630068007300上银期现基差及走势现-近期沪银2012SGE白银T+D 0500100015002000250030003500400045002020-05-142020-05-292020-06-132020-06-282020-07-132020-07-282020-08-122020-08-272020-09-112020-09-262020-10-112020-10-262020-11-102020-11-252020-12-10202