> **来源：[研报客](https://pc.yanbaoke.cn)** # 国债期货持仓日报 2026年2月11日 # 国债期货成交概要 <table><tr><td></td><td>收盘价</td><td>+/-</td><td>成交量</td><td colspan="2">+/-</td><td>成交额</td><td colspan="2">+/-</td><td>持仓量</td><td colspan="2">+/-</td><td>持仓保证金(亿元)</td></tr><tr><td>T2603</td><td>108.54</td><td>0.06%</td><td>94,249</td><td colspan="2">40%</td><td>1,023</td><td colspan="2">40%</td><td>202,139</td><td colspan="2">-19,049</td><td>43.9</td></tr><tr><td>T2606</td><td>108.53</td><td>0.04%</td><td>59,936</td><td colspan="2">62%</td><td>651</td><td colspan="2">62%</td><td>137,212</td><td colspan="2">20,306</td><td>29.8</td></tr><tr><td>T2609</td><td>108.50</td><td>0.06%</td><td>1,767</td><td colspan="2">50%</td><td>19</td><td colspan="2">50%</td><td>7,271</td><td colspan="2">528</td><td>1.6</td></tr><tr><td>合计</td><td></td><td></td><td>155,952</td><td colspan="2">48%</td><td>1,693</td><td colspan="2">48%</td><td>346,622</td><td colspan="2">1,785</td><td>75.2</td></tr><tr><td></td><td>收盘价</td><td>+/-</td><td>成交量</td><td colspan="2">+/-</td><td>成交额</td><td colspan="2">+/-</td><td>持仓量</td><td colspan="2">+/-</td><td>持仓保证金(亿元)</td></tr><tr><td>TF2603</td><td>106.05</td><td>0.05%</td><td>72,124</td><td colspan="2">28%</td><td>765</td><td colspan="2">29%</td><td>87,486</td><td colspan="2">-4,591</td><td>11.1</td></tr><tr><td>TF2606</td><td>106.12</td><td>0.04%</td><td>26,073</td><td colspan="2">7%</td><td>277</td><td colspan="2">7%</td><td>91,922</td><td colspan="2">8,989</td><td>11.7</td></tr><tr><td>TF2609</td><td>105.91</td><td>0.03%</td><td>1,237</td><td colspan="2">-6%</td><td>13</td><td colspan="2">-6%</td><td>7,464</td><td colspan="2">668</td><td>0.9</td></tr><tr><td>合计</td><td></td><td></td><td>99,434</td><td colspan="2">21%</td><td>1,055</td><td colspan="2">22%</td><td>186,872</td><td colspan="2">5,066</td><td>23.8</td></tr><tr><td></td><td>收盘价</td><td>+/-</td><td>成交量</td><td colspan="2">+/-</td><td>成交额</td><td colspan="2">+/-</td><td>持仓量</td><td colspan="2">+/-</td><td>持仓保证金(亿元)</td></tr><tr><td>TL2603</td><td>112.75</td><td>0.05%</td><td>76,186</td><td colspan="2">22%</td><td>859</td><td colspan="2">22%</td><td>96,453</td><td colspan="2">-7,300</td><td>38.1</td></tr><tr><td>TL2606</td><td>112.84</td><td>0.03%</td><td>33,913</td><td colspan="2">26%</td><td>383</td><td colspan="2">27%</td><td>84,945</td><td colspan="2">7,100</td><td>33.5</td></tr><tr><td>TL2609</td><td>112.62</td><td>0.04%</td><td>1,595</td><td colspan="2">-16%</td><td>18</td><td colspan="2">-16%</td><td>6,817</td><td colspan="2">919</td><td>2.7</td></tr><tr><td>合计</td><td></td><td></td><td>111,694</td><td colspan="2">23%</td><td>1,260</td><td colspan="2">23%</td><td>188,215</td><td colspan="2">719</td><td>74.3</td></tr><tr><td></td><td>收盘价</td><td>+/-</td><td>成交量</td><td colspan="2">+/-</td><td>成交额</td><td colspan="2">+/-</td><td>持仓量</td><td colspan="2">+/-</td><td>持仓保证金(亿元)</td></tr><tr><td>TS2603</td><td>102.47</td><td>0.00%</td><td>41,885</td><td colspan="2">22%</td><td>858</td><td colspan="2">22%</td><td>43,565</td><td colspan="2">-5,691</td><td>4.5</td></tr><tr><td>TS2606</td><td>102.50</td><td>0.01%</td><td>12,717</td><td colspan="2">38%</td><td>261</td><td colspan="2">38%</td><td>28,979</td><td colspan="2">5,149</td><td>3.0</td></tr><tr><td>TS2609</td><td>102.52</td><td>0.00%</td><td>429</td><td colspan="2">-30%</td><td>9</td><td colspan="2">-30%</td><td>1,236</td><td colspan="2">19</td><td>0.1</td></tr><tr><td>合计</td><td></td><td></td><td>55,031</td><td colspan="2">25%</td><td>1,128</td><td colspan="2">25%</td><td>73,780</td><td colspan="2">-523</td><td>7.6</td></tr></table> # 国债期货净持仓情况 两年期国债期货净持仓 五年期国债期货净持仓 十年期国债期货净持仓 三十年期国债期货净持仓 # 两年期国债期货持仓情况 两年期国债期货2603合约持仓情况 <table><tr><td>名次</td><td>会员名称</td><td>成交量</td><td>前上日增减</td><td>名次</td><td>会员名称</td><td>持买单量</td><td>+/-（手）</td><td>持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td><td>名次</td><td>会员名称</td><td>持卖单量</td><td>+/-（手）</td><td>持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td></tr><tr><td>1</td><td>中信期货</td><td>20,419</td><td>6,926</td><td>1</td><td>国泰君安</td><td>6,262</td><td>-803</td><td>-16.5</td><td>14.4%</td><td>0.0%</td><td>1</td><td>中信期货</td><td>9,931</td><td>-1,362</td><td>-27.9</td><td>22.8%</td><td>-0.1%</td></tr><tr><td>2</td><td>东证期货</td><td>15,771</td><td>4,227</td><td>2</td><td>中信期货</td><td>4,974</td><td>-1,013</td><td>-20.8</td><td>11.4%</td><td>-0.7%</td><td>2</td><td>国泰君安</td><td>7,553</td><td>-1,532</td><td>-31.4</td><td>17.3%</td><td>-1.1%</td></tr><tr><td>3</td><td>国泰君安</td><td>12,537</td><td>1,185</td><td>3</td><td>永安期货</td><td>3,020</td><td>-22</td><td>-0.5</td><td>6.9%</td><td>0.8%</td><td>3</td><td>广发期货</td><td>5,319</td><td>-927</td><td>-19.0</td><td>12.2%</td><td>-0.5%</td></tr><tr><td>4</td><td>中信建投</td><td>5,406</td><td>-543</td><td>4</td><td>东证期货</td><td>2,554</td><td>-346</td><td>-7.1</td><td>5.9%</td><td>0.0%</td><td>4</td><td>银河期货</td><td>5,206</td><td>-805</td><td>-16.5</td><td>11.9%</td><td>-0.3%</td></tr><tr><td>5</td><td>招商期货</td><td>4,828</td><td>241</td><td>5</td><td>华泰期货</td><td>2,250</td><td>-96</td><td>-2.0</td><td>5.2%</td><td>0.4%</td><td>5</td><td>永安期货</td><td>2,117</td><td>-311</td><td>-6.4</td><td>4.9%</td><td>-0.1%</td></tr><tr><td>6</td><td>银河期货</td><td>4,621</td><td>-1,085</td><td>6</td><td>平安期货</td><td>2,232</td><td>-460</td><td>-9.4</td><td>5.1%</td><td>-0.3%</td><td>6</td><td>东证期货</td><td>1,938</td><td>-311</td><td>-6.4</td><td>4.4%</td><td>-0.1%</td></tr><tr><td>7</td><td>海通期货</td><td>2,056</td><td>1,567</td><td>7</td><td>海通期货</td><td>2,025</td><td>-1,073</td><td>-22.0</td><td>4.6%</td><td>-0.6%</td><td>7</td><td>海通期货</td><td>1,650</td><td>25</td><td>0.5</td><td>3.8%</td><td>0.5%</td></tr><tr><td>8</td><td>华泰期货</td><td>2,050</td><td>1,019</td><td>8</td><td>银河期货</td><td>1,952</td><td>-406</td><td>-8.3</td><td>4.5%</td><td>-0.3%</td><td>8</td><td>宏源期货</td><td>1,452</td><td>-29</td><td>-0.6</td><td>3.3%</td><td>0.3%</td></tr><tr><td>9</td><td>平安期货</td><td>1,332</td><td>310</td><td>9</td><td>中信建投</td><td>1,800</td><td>-550</td><td>-11.3</td><td>4.1%</td><td>-0.6%</td><td>9</td><td>平安期货</td><td>856</td><td>-154</td><td>-3.2</td><td>2.0%</td><td>-0.1%</td></tr><tr><td>10</td><td>国金期货</td><td>1,296</td><td>116</td><td>10</td><td>中银期货</td><td>1,434</td><td>-130</td><td>-2.7</td><td>3.3%</td><td>0.1%</td><td>10</td><td>中信建投</td><td>683</td><td>-6</td><td>-0.1</td><td>1.6%</td><td>0.2%</td></tr><tr><td></td><td>前五席位</td><td>58,961</td><td>12,036</td><td></td><td>前五席位</td><td>19,060</td><td>-2,280</td><td>-46.7</td><td>43.8%</td><td>-1.1%</td><td></td><td>前五席位</td><td>30,126</td><td>-4,937</td><td>-101.2</td><td>69.2%</td><td>-2.0%</td></tr><tr><td></td><td>前十席位</td><td>70,316</td><td>13,963</td><td></td><td>前十席位</td><td>28,503</td><td>-4,899</td><td>-100.4</td><td>65.4%</td><td>-2.4%</td><td></td><td>前十席位</td><td>36,705</td><td>-5,412</td><td>-110.9</td><td>84.3%</td><td>-1.7%</td></tr><tr><td></td><td>前二十席</td><td>77,674</td><td>16,499</td><td></td><td>前二十席</td><td>36,277</td><td>-4,067</td><td>-83.4</td><td>83.3%</td><td>0.2%</td><td></td><td>前二十席</td><td>40,832</td><td>-5,684</td><td>-116.5</td><td>93.7%</td><td>-0.7%</td></tr></table> 两年期国债期货2606合约持仓情况 <table><tr><td>名次</td><td>会员名称</td><td>成交量</td><td>前上日增减</td><td>名次</td><td>会员名称</td><td>持买单量</td><td>+/-（手）</td><td colspan="2">持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td><td>名次</td><td>会员名称</td><td>持卖单量</td><td>+/-（手）</td><td colspan="2">持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td></tr><tr><td>1</td><td>东证期货</td><td>4,106</td><td>1,365</td><td>1</td><td>中信期货</td><td>5,937</td><td>556</td><td colspan="2">11.4</td><td>20.5%</td><td>-2.1%</td><td>1</td><td>国泰君安</td><td>8,561</td><td>1,325</td><td colspan="2">27.2</td><td>29.5%</td><td>-0.8%</td></tr><tr><td>2</td><td>中信期货</td><td>3,286</td><td>-562</td><td>2</td><td>中信建投</td><td>4,782</td><td>628</td><td colspan="2">12.9</td><td>16.5%</td><td>-0.9%</td><td>2</td><td>中信期货</td><td>4,517</td><td>858</td><td colspan="2">17.6</td><td>15.6%</td><td>0.2%</td></tr><tr><td>3</td><td>国泰君安</td><td>2,730</td><td>1,968</td><td>3</td><td>长江期货</td><td>3,511</td><td>1,860</td><td colspan="2">38.1</td><td>12.1%</td><td>5.2%</td><td>3</td><td>东证期货</td><td>2,880</td><td>762</td><td colspan="2">15.6</td><td>9.9%</td><td>1.1%</td></tr><tr><td>4</td><td>中信建投</td><td>2,610</td><td>13</td><td>4</td><td>国投期货</td><td>1,525</td><td>8</td><td colspan="2">0.2</td><td>5.3%</td><td>-1.1%</td><td>4</td><td>广发期货</td><td>2,581</td><td>834</td><td colspan="2">17.1</td><td>8.9%</td><td>1.6%</td></tr><tr><td>5</td><td>长江期货</td><td>1,863</td><td>1,073</td><td>5</td><td>平安期货</td><td>1,470</td><td>361</td><td colspan="2">7.4</td><td>5.1%</td><td>0.4%</td><td>5</td><td>银河期货</td><td>1,601</td><td>14</td><td colspan="2">0.3</td><td>5.5%</td><td>-1.1%</td></tr><tr><td>6</td><td>招商期货</td><td>1,775</td><td>633</td><td>6</td><td>银河期货</td><td>1,354</td><td>-281</td><td colspan="2">-5.8</td><td>4.7%</td><td>-2.2%</td><td>6</td><td>格林大华</td><td>1,378</td><td>360</td><td colspan="2">7.4</td><td>4.8%</td><td>0.5%</td></tr><tr><td>7</td><td>永安期货</td><td>1,004</td><td>980</td><td>7</td><td>金元期货</td><td>1,044</td><td>1</td><td colspan="2">0.0</td><td>3.6%</td><td>-0.8%</td><td>7</td><td>华泰期货</td><td>1,199</td><td>96</td><td colspan="2">2.0</td><td>4.1%</td><td>-0.5%</td></tr><tr><td>8</td><td>广发期货</td><td>873</td><td>-31</td><td>8</td><td>国泰君安</td><td>987</td><td>539</td><td colspan="2">11.0</td><td>3.4%</td><td>2.5%</td><td>8</td><td>宝城期货</td><td>993</td><td>204</td><td colspan="2">4.2</td><td>3.4%</td><td>0.1%</td></tr><tr><td>9</td><td>五矿期货</td><td>840</td><td>434</td><td>9</td><td>华泰期货</td><td>758</td><td>106</td><td colspan="2">2.2</td><td>2.6%</td><td>-0.1%</td><td>9</td><td>宏源期货</td><td>931</td><td>-1</td><td colspan="2">0.0</td><td>3.2%</td><td>-0.7%</td></tr><tr><td>10</td><td>渤海期货</td><td>709</td><td>361</td><td>10</td><td>宝城期货</td><td>695</td><td>1</td><td colspan="2">0.0</td><td>2.4%</td><td>-0.5%</td><td>10</td><td>和融期货</td><td>730</td><td>0</td><td colspan="2">0.0</td><td>2.5%</td><td>-0.5%</td></tr><tr><td></td><td>前五席位</td><td>14,595</td><td>3,857</td><td></td><td>前五席位</td><td>17,225</td><td>3,413</td><td colspan="2">70.0</td><td>59.4%</td><td>-0.7%</td><td></td><td>前五席位</td><td>20,140</td><td>3,793</td><td colspan="2">77.8</td><td>69.5%</td><td>0.9%</td></tr><tr><td></td><td>前十席位</td><td>19,796</td><td>6,234</td><td></td><td>前十席位</td><td>22,063</td><td>3,779</td><td colspan="2">77.5</td><td>76.1%</td><td>-1.3%</td><td></td><td>前十席位</td><td>25,371</td><td>4,452</td><td colspan="2">91.3</td><td>87.5%</td><td>-0.2%</td></tr><tr><td></td><td>前二十席</td><td>23,114</td><td>6,943</td><td></td><td>前二十席</td><td>26,134</td><td>4,606</td><td colspan="2">94.4</td><td>90.2%</td><td>-1.6%</td><td></td><td>前二十席</td><td>27,999</td><td>5,082</td><td colspan="2">104.2</td><td>96.6%</td><td>0.1%</td></tr></table> # 五年期国债期货持仓情况 五年期国债期货2603合约持仓情况 <table><tr><td>名次</td><td>会员名称</td><td>成交量</td><td>前上日增减</td><td>名次</td><td>会员名称</td><td>持买单量</td><td>+/-（手）</td><td>持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td><td>名次</td><td>会员名称</td><td>持卖单量</td><td>+/-（手）</td><td>持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td><td></td><td></td><td></td><td></td></tr><tr><td>1</td><td>中信期货</td><td>31,424</td><td>6,498</td><td>1</td><td>中信期货</td><td>13,453</td><td>-2.03</td><td>-21.5</td><td>15.4%</td><td>-1.4%</td><td>1</td><td>国泰君安</td><td>14,879</td><td>1,965</td><td></td><td>20.8</td><td>17.0%</td><td></td><td>3.0%</td><td></td><td></td></tr><tr><td>2</td><td>东证期货</td><td>22,606</td><td>6,019</td><td>2</td><td>东证期货</td><td>8,684</td><td>-77</td><td>-8.2</td><td>9.9%</td><td>-0.3%</td><td>2</td><td>银河期货</td><td>8,011</td><td>-3.085</td><td></td><td>-32.7</td><td>9.2%</td><td></td><td>-2.9%</td><td></td><td></td></tr><tr><td>3</td><td>国泰君安</td><td>21,303</td><td>5,450</td><td>3</td><td>国泰君安</td><td>6,921</td><td>-67</td><td>-7.5</td><td>7.9%</td><td>-0.4%</td><td>3</td><td>招商期货</td><td>7,658</td><td></td><td>17</td><td></td><td>0.2</td><td></td><td>8.8%</td><td></td><td>0.5%</td></tr><tr><td>4</td><td>银河期货</td><td>8,203</td><td>2,554</td><td>4</td><td>平安期货</td><td>6,035</td><td>-38</td><td>-4.5</td><td>6.9%</td><td>-0.1%</td><td>4</td><td>平安期货</td><td>7,302</td><td></td><td>-134</td><td></td><td>-1.4</td><td></td><td>8.3%</td><td></td><td>0.3%</td></tr><tr><td>5</td><td>中信建投</td><td>7,580</td><td>1,781</td><td>5</td><td>招商期货</td><td>4,470</td><td>-25</td><td>-0.3</td><td>5.1%</td><td>0.2%</td><td>5</td><td>中信期货</td><td>6,670</td><td>-845</td><td></td><td>-9.0</td><td></td><td>7.6%</td><td></td><td>-0.5%</td><td></td></tr><tr><td>6</td><td>招商期货</td><td>7,038</td><td>2,144</td><td>6</td><td>银河期货</td><td>3,950</td><td>-45</td><td>-4.6</td><td>4.5%</td><td>-0.3%</td><td>6</td><td>东证期货</td><td>6,632</td><td></td><td>6</td><td></td><td>0.1</td><td></td><td>7.6%</td><td></td><td>0.4%</td></tr><tr><td>7</td><td>海通期货</td><td>5,500</td><td>1,438</td><td>7</td><td>中信建投</td><td>3,144</td><td>-12</td><td>-1.3</td><td>3.6%</td><td>0.0%</td><td>7</td><td>宏源期货</td><td>5,635</td><td></td><td>137</td><td></td><td>1.5</td><td></td><td>6.4%</td><td></td><td>0.5%</td></tr><tr><td>8</td><td>南华期货</td><td>3,970</td><td>1,481</td><td>8</td><td>申银万国</td><td>2,941</td><td>-11</td><td>-1.3</td><td>3.4%</td><td>0.0%</td><td>8</td><td>华泰期货</td><td>3,966</td><td></td><td>22</td><td></td><td>0.2</td><td></td><td>4.5%</td><td></td><td>0.2%</td></tr><tr><td>9</td><td>华闻期货</td><td>3,633</td><td>1,231</td><td>9</td><td>渤海期货</td><td>2,206</td><td>12</td><td>1.4</td><td>2.5%</td><td>0.3%</td><td>9</td><td>国金期货</td><td>2,749</td><td></td><td>606</td><td></td><td>6.4</td><td></td><td>3.1%</td><td></td><td>0.8%</td></tr><tr><td>10</td><td>华泰期货</td><td>2,992</td><td>-242</td><td>10</td><td>海通期货</td><td>2,201</td><td>-20</td><td>-2.2</td><td>2.5%</td><td>-0.1%</td><td>10</td><td>申银万国</td><td>2,719</td><td></td><td>-371</td><td></td><td>-3.9</td><td></td><td>3.1%</td><td></td><td>-0.2%</td></tr><tr><td></td><td>前五席位</td><td>91,116</td><td>22,302</td><td></td><td>前五席位</td><td>39,563</td><td>-3,884</td><td>-41.2</td><td>45.2%</td><td>-2.0%</td><td></td><td>前五席位</td><td>44,520</td><td>-2,082</td><td></td><td>-22.1</td><td></td><td>50.9%</td><td></td><td>0.3%</td><td></td></tr><tr><td></td><td>前十席位</td><td>114,249</td><td>28,354</td><td></td><td>前十席位</td><td>54,005</td><td>-4,652</td><td>-49.3</td><td>61.7%</td><td>-2.3%</td><td></td><td>前十席位</td><td>66,221</td><td>-1,682</td><td></td><td>-17.8</td><td></td><td>75.7%</td><td></td><td>0.3%</td><td></td></tr><tr><td></td><td>前二十席</td><td>131,098</td><td>33,402</td><td></td><td>前二十席</td><td>70,018</td><td>-4,277</td><td>-45.4</td><td>80.0%</td><td>-1.5%</td><td></td><td>前二十席</td><td>79,135</td><td>-3,299</td><td></td><td>-35.0</td><td></td><td>90.5%</td><td></td><td>0.8%</td><td></td></tr></table> 五年期国债期货2606合约持仓情况 <table><tr><td>名次</td><td>会员名称</td><td>成交量</td><td>前上日增减</td><td>名次</td><td>会员名称</td><td>持买单量</td><td>+/-（手）</td><td colspan="2">持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td><td>名次</td><td>会员名称</td><td>持卖单量</td><td>+/-（手）</td><td colspan="2">持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td></tr><tr><td>1</td><td>中信期货</td><td>8,600</td><td>-1,621</td><td>1</td><td>东证期货</td><td>22,114</td><td>676</td><td colspan="2">7.2</td><td>24.1%</td><td>-4.8%</td><td>1</td><td>中信期货</td><td>18,924</td><td>1,180</td><td colspan="2">12.5</td><td>20.6%</td><td>-0.8%</td></tr><tr><td>2</td><td>东证期货</td><td>7,748</td><td>-645</td><td>2</td><td>中信期货</td><td>20,036</td><td>1,512</td><td colspan="2">16.0</td><td>21.8%</td><td>-4.5%</td><td>2</td><td>国泰君安</td><td>12,343</td><td>-35</td><td colspan="2">-0.4</td><td>13.4%</td><td>-1.5%</td></tr><tr><td>3</td><td>银河期货</td><td>4,005</td><td>3,758</td><td>3</td><td>国泰君安</td><td>7,830</td><td>1,346</td><td colspan="2">14.3</td><td>8.5%</td><td>0.7%</td><td>3</td><td>银河期货</td><td>7,998</td><td>2,868</td><td colspan="2">30.4</td><td>8.7%</td><td>2.5%</td></tr><tr><td>4</td><td>渤海期货</td><td>3,365</td><td>684</td><td>4</td><td>银河期货</td><td>4,070</td><td>-123</td><td colspan="2">-1.3</td><td>4.4%</td><td>-4.6%</td><td>4</td><td>广发期货</td><td>7,224</td><td>1,148</td><td colspan="2">12.2</td><td>7.9%</td><td>0.5%</td></tr><tr><td>5</td><td>国泰君安</td><td>3,215</td><td>-983</td><td>5</td><td>平安期货</td><td>2,911</td><td>-2</td><td colspan="2">0.0</td><td>3.2%</td><td>-4.3%</td><td>5</td><td>东证期货</td><td>7,122</td><td>-270</td><td colspan="2">-2.9</td><td>7.7%</td><td>-1.2%</td></tr><tr><td>6</td><td>招商期货</td><td>3,150</td><td>1,527</td><td>6</td><td>宏源期货</td><td>2,764</td><td>-17</td><td colspan="2">-0.2</td><td>3.0%</td><td>-4.3%</td><td>6</td><td>华泰期货</td><td>6,891</td><td>767</td><td colspan="2">8.1</td><td>7.5%</td><td>0.1%</td></tr><tr><td>7</td><td>中信建投</td><td>2,039</td><td>-357</td><td>7</td><td>华泰期货</td><td>2,560</td><td>522</td><td colspan="2">5.5</td><td>2.8%</td><td>0.3%</td><td>7</td><td>国投期货</td><td>4,243</td><td>20</td><td colspan="2">0.2</td><td>4.6%</td><td>-0.5%</td></tr><tr><td>8</td><td>华泰期货</td><td>1,739</td><td>-441</td><td>8</td><td>国富期货</td><td>2,491</td><td>36</td><td colspan="2">0.4</td><td>2.7%</td><td>-4.3%</td><td>8</td><td>和融期货</td><td>3,770</td><td>134</td><td colspan="2">1.4</td><td>4.1%</td><td>-0.3%</td></tr><tr><td>9</td><td>广发期货</td><td>1,613</td><td>-20</td><td>9</td><td>中金财富</td><td>2,313</td><td>345</td><td colspan="2">3.7</td><td>2.5%</td><td>0.1%</td><td>9</td><td>宏源期货</td><td>3,127</td><td>266</td><td colspan="2">2.8</td><td>3.4%</td><td>0.0%</td></tr><tr><td>10</td><td>永安期货</td><td>1,408</td><td>1,051</td><td>10</td><td>中信建投</td><td>2,244</td><td>717</td><td colspan="2">7.6</td><td>2.4%</td><td>0.8%</td><td>10</td><td>海通期货</td><td>2,595</td><td>-63</td><td colspan="2">-0.7</td><td>2.8%</td><td>-0.4%</td></tr><tr><td></td><td>前五席位</td><td>26,933</td><td>1,193</td><td></td><td>前五席位</td><td>56,961</td><td>3,409</td><td colspan="2">36.2</td><td>62.0%</td><td>-2.6%</td><td></td><td>前五席位</td><td>53,611</td><td>4,891</td><td colspan="2">51.9</td><td>58.3%</td><td>-1.6%</td></tr><tr><td></td><td>前十席位</td><td>36,882</td><td>2,953</td><td></td><td>前十席位</td><td>69,333</td><td>5,012</td><td colspan="2">53.2</td><td>75.4%</td><td>-2.7%</td><td></td><td>前十席位</td><td>74,237</td><td>6,015</td><td colspan="2">63.8</td><td>80.8%</td><td>-1.5%</td></tr><tr><td></td><td>前二十席</td><td>45,112</td><td>6,411</td><td></td><td>前二十席</td><td>81,073</td><td>6,226</td><td colspan="2">66.0</td><td>88.2%</td><td>-2.1%</td><td></td><td>前二十席</td><td>87,729</td><td>8,309</td><td colspan="2">88.1</td><td>95.4%</td><td>-0.7%</td></tr></table> # 十年期国债期货持仓情况 十年期国债期货2603合约持仓情况 <table><tr><td>名次</td><td>会员名称</td><td>成交量</td><td>前上日增减</td><td>名次</td><td>会员名称</td><td>持买单量</td><td>+/-（手）</td><td>持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td><td>名次</td><td>会员名称</td><td>持卖单量</td><td>+/-（手）</td><td>持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td></tr><tr><td>1</td><td>中信期货</td><td>48,011</td><td>13,482</td><td>1</td><td>中信期货</td><td>37,200</td><td>-3.14</td><td>-34.5</td><td>18.4%</td><td>0.2%</td><td>1</td><td>东证期货</td><td>27,116</td><td>-24</td><td>-0.3</td><td>13.4%</td><td>1.1%</td></tr><tr><td>2</td><td>东证期货</td><td>22,579</td><td>5,972</td><td>2</td><td>国泰君安</td><td>28,799</td><td>-4.14</td><td>-45.5</td><td>14.2%</td><td>0.6%</td><td>2</td><td>中信期货</td><td>25,677</td><td>-3,604</td><td>-39.1</td><td>12.7%</td><td>-0.5%</td></tr><tr><td>3</td><td>国泰君安</td><td>19,516</td><td>2,302</td><td>3</td><td>东证期货</td><td>17,921</td><td>-3.36</td><td>-36.5</td><td>8.9%</td><td>0.8%</td><td>3</td><td>国泰君安</td><td>22,422</td><td>31</td><td>0.3</td><td>11.1%</td><td>1.0%</td></tr><tr><td>4</td><td>宏源期货</td><td>7,703</td><td>6,217</td><td>4</td><td>银河期货</td><td>10,193</td><td>-17.5</td><td>-1.5</td><td>5.0%</td><td>0.4%</td><td>4</td><td>招商期货</td><td>17,524</td><td>-36</td><td>-0.4</td><td>8.7%</td><td>0.7%</td></tr><tr><td>5</td><td>银河期货</td><td>7,054</td><td>513</td><td>5</td><td>平安期货</td><td>9,698</td><td>133</td><td>1.4</td><td>4.8%</td><td>0.5%</td><td>5</td><td>宏源期货</td><td>17,221</td><td>-4,990</td><td>-54.2</td><td>8.5%</td><td>-1.5%</td></tr><tr><td>6</td><td>海通期货</td><td>6,877</td><td>1,105</td><td>6</td><td>中信建投</td><td>8,808</td><td>-31.5</td><td>-3.3</td><td>4.4%</td><td>0.2%</td><td>6</td><td>银河期货</td><td>12,648</td><td>-741</td><td>-8.0</td><td>6.3%</td><td>0.2%</td></tr><tr><td>7</td><td>申银万国</td><td>6,728</td><td>3,572</td><td>7</td><td>华泰期货</td><td>6,861</td><td>-84.5</td><td>-9.3</td><td>3.4%</td><td>0.1%</td><td>7</td><td>平安期货</td><td>11,591</td><td>-296</td><td>-3.2</td><td>5.7%</td><td>0.4%</td></tr><tr><td>8</td><td>华闻期货</td><td>6,146</td><td>2,840</td><td>8</td><td>招商期货</td><td>5,903</td><td>-46.2</td><td>-5.0</td><td>2.9%</td><td>0.0%</td><td>8</td><td>国金期货</td><td>8,353</td><td>-201</td><td>-2.2</td><td>4.1%</td><td>0.3%</td></tr><tr><td>9</td><td>华泰期货</td><td>5,376</td><td>921</td><td>9</td><td>中金财富</td><td>4,434</td><td>-14.5</td><td>-1.5</td><td>2.2%</td><td>0.1%</td><td>9</td><td>华泰期货</td><td>7,079</td><td>-577</td><td>-6.3</td><td>3.5%</td><td>0.0%</td></tr><tr><td>10</td><td>招商期货</td><td>3,802</td><td>829</td><td>10</td><td>兴证期货</td><td>4,244</td><td>-1.32</td><td>-14.3</td><td>2.1%</td><td>0.4%</td><td>10</td><td>广发期货</td><td>4,917</td><td>-520</td><td>-5.6</td><td>2.4%</td><td>0.0%</td></tr><tr><td></td><td>前五席位</td><td>104,863</td><td>28,486</td><td></td><td>前五席位</td><td>103,811</td><td>-10,701</td><td>-116.1</td><td>51.4%</td><td>-0.4%</td><td></td><td>前五席位</td><td>109,960</td><td>-8,623</td><td>-93.6</td><td>54.4%</td><td>0.8%</td></tr><tr><td></td><td>前十席位</td><td>133,792</td><td>37,753</td><td></td><td>前十席位</td><td>134,061</td><td>-13,789</td><td>-149.7</td><td>66.3%</td><td>-0.5%</td><td></td><td>前十席位</td><td>154,548</td><td>-10,958</td><td>-118.9</td><td>76.5%</td><td>0.2%</td></tr><tr><td></td><td>前二十席</td><td>161,983</td><td>47,167</td><td></td><td>前二十席</td><td>161,241</td><td>-15,272</td><td>-165.8</td><td>79.8%</td><td>-0.5%</td><td></td><td>前二十席</td><td>185,505</td><td>-13,458</td><td>-146.1</td><td>91.8%</td><td>0.9%</td></tr></table> 十年期国债期货2606合约持仓情况 <table><tr><td>名次</td><td>会员名称</td><td>成交量</td><td>前上日增减</td><td>名次</td><td>会员名称</td><td>持买单量</td><td>+/-（手）</td><td>持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td><td>名次</td><td>会员名称</td><td>持卖单量</td><td>+/-（手）</td><td>持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td></tr><tr><td>1</td><td>中信期货</td><td>27,439</td><td>8,524</td><td>1</td><td>中信期货</td><td>29,254</td><td>4,920</td><td>53.4</td><td>21.3%</td><td>0.5%</td><td>1</td><td>中信期货</td><td>19,963</td><td>4,305</td><td>46.7</td><td>14.5%</td><td>1.2%</td></tr><tr><td>2</td><td>东证期货</td><td>10,933</td><td>-1,397</td><td>2</td><td>国泰君安</td><td>23,055</td><td>5,167</td><td>56.1</td><td>16.8%</td><td>1.5%</td><td>2</td><td>东证期货</td><td>19,301</td><td>1,327</td><td>14.4</td><td>14.1%</td><td>1.3%</td></tr><tr><td>3</td><td>国泰君安</td><td>9,613</td><td>4,930</td><td>3</td><td>东证期货</td><td>13,155</td><td>3,896</td><td>42.3</td><td>9.6%</td><td>1.7%</td><td>3</td><td>银河期货</td><td>10,667</td><td>370</td><td>4.0</td><td>7.8%</td><td>1.0%</td></tr><tr><td>4</td><td>渤海期货</td><td>7,519</td><td>5,186</td><td>4</td><td>银河期货</td><td>6,071</td><td>894</td><td>9.7</td><td>4.4%</td><td>0.0%</td><td>4</td><td>国泰君安</td><td>9,837</td><td>1,058</td><td>11.5</td><td>7.2%</td><td>0.3%</td></tr><tr><td>5</td><td>宏源期货</td><td>6,347</td><td>5,717</td><td>5</td><td>华泰期货</td><td>6,039</td><td>1,041</td><td>11.3</td><td>4.4%</td><td>0.1%</td><td>5</td><td>平安期货</td><td>8,150</td><td>1,704</td><td>18.5</td><td>5.9%</td><td>0.4%</td></tr><tr><td>6</td><td>华泰期货</td><td>5,814</td><td>490</td><td>6</td><td>永安期货</td><td>4,726</td><td>786</td><td>8.5</td><td>3.4%</td><td>0.1%</td><td>6</td><td>广发期货</td><td>7,449</td><td>886</td><td>9.6</td><td>5.4%</td><td>0.2%</td></tr><tr><td>7</td><td>五矿期货</td><td>4,729</td><td>3,329</td><td>7</td><td>兴证期货</td><td>4,487</td><td>780</td><td>8.5</td><td>3.3%</td><td>0.1%</td><td>7</td><td>国投期货</td><td>6,250</td><td>480</td><td>5.2</td><td>4.6%</td><td>0.4%</td></tr><tr><td>8</td><td>申银万国</td><td>3,891</td><td>2,789</td><td>8</td><td>光大期货</td><td>3,539</td><td>357</td><td>3.9</td><td>2.6%</td><td>-0.1%</td><td>8</td><td>华泰期货</td><td>6,237</td><td>2,073</td><td>22.5</td><td>4.5%</td><td>1.0%</td></tr><tr><td>9</td><td>平安期货</td><td>3,064</td><td>2,342</td><td>9</td><td>申银万国</td><td>3,291</td><td>-1,102</td><td>-12.0</td><td>2.4%</td><td>-1.4%</td><td>9</td><td>宝城期货</td><td>4,394</td><td>-769</td><td>-8.3</td><td>3.2%</td><td>1.2%</td></tr><tr><td>10</td><td>国信期货</td><td>2,974</td><td>1,522</td><td>10</td><td>海通期货</td><td>3,178</td><td>777</td><td>8.4</td><td>2.3%</td><td>1.2%</td><td>10</td><td>中信建投</td><td>3,949</td><td>96</td><td>1.0</td><td>2.9%</td><td>0.4%</td></tr><tr><td></td><td>前五席位</td><td>61,851</td><td>22,960</td><td></td><td>前五席位</td><td>77,574</td><td>15,918</td><td>172.8</td><td>56.5%</td><td>3.8%</td><td></td><td>前五席位</td><td>67,918</td><td>8,764</td><td>95.1</td><td>49.5%</td><td>-1.2%</td></tr><tr><td></td><td>前十席位</td><td>82,323</td><td>33,432</td><td></td><td>前十席位</td><td>96,795</td><td>17,516</td><td>190.1</td><td>70.5%</td><td>0.6%</td><td></td><td>前十席位</td><td>96,197</td><td>11,530</td><td>125.1</td><td>70.1%</td><td>-2.3%</td></tr><tr><td></td><td>前二十席</td><td>101,744</td><td>41,922</td><td></td><td>前二十席</td><td>116,824</td><td>20,340</td><td>220.7</td><td>85.1%</td><td>-1.4%</td><td></td><td>前二十席</td><td>123,672</td><td>19,862</td><td>215.6</td><td>90.1%</td><td>-0.6%</td></tr></table> # 三十年期国债期货持仓情况 三十年期国债期货2603合约持仓情况 <table><tr><td>名次</td><td>会员名称</td><td>成交量</td><td>前上日增减</td><td>名次</td><td>会员名称</td><td>持买单量</td><td>+/-（手）</td><td>持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td><td>名次</td><td>会员名称</td><td>持卖单量</td><td>+/-（手）</td><td>持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td></tr><tr><td>1</td><td>中信期货</td><td>33,157</td><td>6,517</td><td>1</td><td>国泰君安</td><td>16,999</td><td>-57</td><td>-6.3</td><td>17.6%</td><td>0.7%</td><td>1</td><td>国泰君安</td><td>15,879</td><td>85</td><td>10</td><td>16.5%</td><td>1.2%</td></tr><tr><td>2</td><td>东证期货</td><td>17,803</td><td>3,393</td><td>2</td><td>招商期货</td><td>9,402</td><td>-6</td><td>-0.2</td><td>9.7%</td><td>0.6%</td><td>2</td><td>中信期货</td><td>8,915</td><td>-1,35</td><td>-1.1</td><td>9.2%</td><td>-0.6%</td></tr><tr><td>3</td><td>国泰君安</td><td>16,900</td><td>3,259</td><td>3</td><td>中信期货</td><td>7,647</td><td>-68</td><td>-7.3</td><td>7.9%</td><td>-0.1%</td><td>3</td><td>招商期货</td><td>7,615</td><td>183</td><td>2.1</td><td>7.9%</td><td>0.7%</td></tr><tr><td>4</td><td>五矿期货</td><td>8,946</td><td>2,663</td><td>4</td><td>银河期货</td><td>6,670</td><td>43</td><td>0.5</td><td>6.9%</td><td>0.5%</td><td>4</td><td>银河期货</td><td>7,577</td><td>-1,226</td><td>-1.8</td><td>7.9%</td><td>-0.6%</td></tr><tr><td>5</td><td>海通期货</td><td>8,599</td><td>1,439</td><td>5</td><td>东证期货</td><td>5,476</td><td>-88</td><td>-10.3</td><td>5.7%</td><td>-0.5%</td><td>5</td><td>东证期货</td><td>6,830</td><td>-1,30</td><td>-1.3</td><td>7.1%</td><td>-1.0%</td></tr><tr><td>6</td><td>银河期货</td><td>7,711</td><td>892</td><td>6</td><td>平安期货</td><td>5,091</td><td>-74</td><td>-8.3</td><td>5.3%</td><td>-0.3%</td><td>6</td><td>宏源期货</td><td>6,179</td><td>-331</td><td>-3.7</td><td>6.4%</td><td>0.1%</td></tr><tr><td>7</td><td>华闻期货</td><td>5,495</td><td>-553</td><td>7</td><td>海通期货</td><td>4,070</td><td>-22</td><td>-2.3</td><td>4.2%</td><td>0.1%</td><td>7</td><td>国金期货</td><td>6,145</td><td>-121</td><td>-1.4</td><td>6.4%</td><td>0.3%</td></tr><tr><td>8</td><td>华泰期货</td><td>4,138</td><td>343</td><td>8</td><td>华泰期货</td><td>2,956</td><td>-33</td><td>-3.3</td><td>3.1%</td><td>-0.1%</td><td>8</td><td>宝城期货</td><td>4,339</td><td>-423</td><td>-4.8</td><td>4.5%</td><td>-0.1%</td></tr><tr><td>9</td><td>广发期货</td><td>3,643</td><td>1,216</td><td>9</td><td>国金期货</td><td>2,938</td><td>-13</td><td>-1.3</td><td>3.0%</td><td>0.1%</td><td>9</td><td>申银万国</td><td>3,566</td><td>397</td><td>4.5</td><td>3.7%</td><td>0.6%</td></tr><tr><td>10</td><td>申银万国</td><td>3,316</td><td>439</td><td>10</td><td>中信建投</td><td>2,401</td><td>-56</td><td>-6.3</td><td>2.5%</td><td>-0.4%</td><td>10</td><td>华泰期货</td><td>3,510</td><td>381</td><td>4.3</td><td>3.6%</td><td>0.6%</td></tr><tr><td></td><td>前五席位</td><td>85,405</td><td>17,271</td><td></td><td>前五席位</td><td>46,194</td><td>-2,169</td><td>-24.5</td><td>47.9%</td><td>1.3%</td><td></td><td>前五席位</td><td>46,816</td><td>-3,823</td><td>-43.1</td><td>48.5%</td><td>-0.3%</td></tr><tr><td></td><td>前十席位</td><td>109,708</td><td>19,608</td><td></td><td>前十席位</td><td>63,650</td><td>-4,166</td><td>-47.0</td><td>66.0%</td><td>0.6%</td><td></td><td>前十席位</td><td>70,555</td><td>-3,920</td><td>-44.2</td><td>73.1%</td><td>0.9%</td></tr><tr><td></td><td>前二十席</td><td>129,720</td><td>25,350</td><td></td><td>前二十席</td><td>77,354</td><td>-5,047</td><td>-56.9</td><td>80.2%</td><td>0.5%</td><td></td><td>前二十席</td><td>87,395</td><td>-5,274</td><td>-59.5</td><td>90.6%</td><td>0.9%</td></tr></table> 三十年期国债期货2606合约持仓情况 <table><tr><td>名次</td><td>会员名称</td><td>成交量</td><td>前上日增减</td><td>名次</td><td>会员名称</td><td>持买单量</td><td>+/-（手）</td><td colspan="2">持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td><td>名次</td><td>会员名称</td><td>持卖单量</td><td>+/-（手）</td><td colspan="2">持仓名义金额变化（亿元）</td><td>持仓占比</td><td>占比变化</td></tr><tr><td>1</td><td>中信期货</td><td>16,496</td><td>3,972</td><td>1</td><td>中信期货</td><td>16,741</td><td>676</td><td colspan="2">7.6</td><td>19.7%</td><td>-0.9%</td><td>1</td><td>银河期货</td><td>13,232</td><td>1,086</td><td colspan="2">12.3</td><td>15.6%</td><td>0.0%</td></tr><tr><td>2</td><td>东证期货</td><td>7,075</td><td>1,164</td><td>2</td><td>东证期货</td><td>8,917</td><td>495</td><td colspan="2">5.6</td><td>10.5%</td><td>-0.3%</td><td>2</td><td>东证期货</td><td>13,063</td><td>1,224</td><td colspan="2">13.8</td><td>15.4%</td><td>0.2%</td></tr><tr><td>3</td><td>国泰君安</td><td>6,334</td><td>2,158</td><td>3</td><td>国泰君安</td><td>8,315</td><td>291</td><td colspan="2">3.3</td><td>9.8%</td><td>-0.5%</td><td>3</td><td>中信期货</td><td>11,301</td><td>1,040</td><td colspan="2">11.7</td><td>13.3%</td><td>0.1%</td></tr><tr><td>4</td><td>银河期货</td><td>3,699</td><td>1,005</td><td>4</td><td>银河期货</td><td>6,503</td><td>263</td><td colspan="2">3.0</td><td>7.7%</td><td>-0.4%</td><td>4</td><td>华泰期货</td><td>4,929</td><td>191</td><td colspan="2">2.2</td><td>5.8%</td><td>0.3%</td></tr><tr><td>5</td><td>海通期货</td><td>3,026</td><td>688</td><td>5</td><td>平安期货</td><td>4,665</td><td>450</td><td colspan="2">5.1</td><td>5.5%</td><td>0.1%</td><td>5</td><td>广发期货</td><td>4,073</td><td>610</td><td colspan="2">6.9</td><td>4.8%</td><td>0.3%</td></tr><tr><td>6</td><td>华闻期货</td><td>2,534</td><td>995</td><td>6</td><td>中信建投</td><td>3,442</td><td>540</td><td colspan="2">6.1</td><td>4.1%</td><td>0.3%</td><td>6</td><td>国投期货</td><td>3,680</td><td>589</td><td colspan="2">6.6</td><td>4.3%</td><td>0.4%</td></tr><tr><td>7</td><td>广发期货</td><td>2,481</td><td>586</td><td>7</td><td>永安期货</td><td>3,390</td><td>150</td><td colspan="2">1.7</td><td>4.0%</td><td>-0.2%</td><td>7</td><td>国金期货</td><td>3,135</td><td>-12</td><td colspan="2">-0.1</td><td>3.7%</td><td>0.4%</td></tr><tr><td>8</td><td>国元期货</td><td>1,918</td><td>1,407</td><td>8</td><td>国金期货</td><td>2,489</td><td>-26</td><td colspan="2">-0.3</td><td>2.9%</td><td>-0.3%</td><td>8</td><td>国泰君安</td><td>2,717</td><td>221</td><td colspan="2">2.5</td><td>3.2%</td><td>0.0%</td></tr><tr><td>9</td><td>中信建投</td><td>1,846</td><td>480</td><td>9</td><td>华泰期货</td><td>2,313</td><td>-14</td><td colspan="2">-0.2</td><td>2.7%</td><td>-0.3%</td><td>9</td><td>宏源期货</td><td>2,707</td><td>238</td><td colspan="2">2.7</td><td>3.2%</td><td>0.0%</td></tr><tr><td>10</td><td>国投期货</td><td>1,677</td><td>954</td><td>10</td><td>广发期货</td><td>2,248</td><td>577</td><td colspan="2">6.5</td><td>2.6%</td><td>1.0%</td><td>10</td><td>中信建投</td><td>2,636</td><td>-110</td><td colspan="2">-1.2</td><td>3.1%</td><td>0.4%</td></tr><tr><td></td><td>前五席位</td><td>36,630</td><td>8,987</td><td></td><td>前五席位</td><td>45,141</td><td>2,175</td><td colspan="2">24.5</td><td>53.1%</td><td>-2.1%</td><td></td><td>前五席位</td><td>46,598</td><td>4,151</td><td colspan="2">46.8</td><td>54.9%</td><td>0.3%</td></tr><tr><td></td><td>前十席位</td><td>47,086</td><td>13,409</td><td></td><td>前十席位</td><td>59,023</td><td>3,402</td><td colspan="2">38.4</td><td>69.5%</td><td>-2.1%</td><td></td><td>前十席位</td><td>61,473</td><td>5,077</td><td colspan="2">57.3</td><td>72.4%</td><td>-0.1%</td></tr><tr><td></td><td>前二十席</td><td>56,897</td><td>14,227</td><td></td><td>前二十席</td><td>71,519</td><td>6,121</td><td colspan="2">69.1</td><td>84.2%</td><td>-1.2%</td><td></td><td>前二十席</td><td>75,715</td><td>6,439</td><td colspan="2">72.7</td><td>89.1%</td><td>-0.3%</td></tr></table> # 作者承诺 本人具有中国期货业协会授予的期货从业资格证书，本人承诺以勤勉的职业态度，独立、客观地出具本报告。本报告清晰准确地反映了本人的研究观点。本人不曾因，不因，也将不会因本报告中的具体推荐意见或观点而直接或间接接收到任何形式的报酬。 # 免责声明 本报告由银河期货有限公司（以下简称银河期货，投资咨询业务许可证号30220000）向其机构或个人客户（以下简称客户）提供，无意针对或打算违反任何地区、国家、城市或其它法律管辖区域内的法律法规。除非另有说明，所有本报告的版权属于银河期货。未经银河期货事先书面授权许可，任何机构或个人不得更改或以任何方式发送、传播或复印本报告。 本报告所载的全部内容只提供给客户做参考之用，并不构成对客户的投资建议。银河期货认为本报告所载内容及观点客观公正，但不担保其内容的准确性或完整性。客户不应单纯依靠本报告而取代个人的独立判断。本报告所载内容反映的是银河期货在最初发表本报告日期当日的判断，银河期货可发出其它与本报告所载内容不一致或有不同结论的报告，但银河期货没有义务和责任去及时更新本报告涉及的内容并通知客户。银河期货不对因客户使用本报告而导致的损失负任何责任。 银河期货不需要采取任何行动以确保本报告涉及的内容适合于客户。银河期货建议客户独自进行投资判断。本报告并不构成投资、法律、会计或税务建议或担保任何内容适合客户，本报告不构成给予客户个人咨询建议。 银河期货版权所有并保留一切权利。 # 联系方式 # 银河期货有限公司 研究所 北京：北京市朝阳区建国门外大街8号楼31层 上海：上海市虹口区东大名路501号白玉兰广场28层 网址：www.yhqh.com.cn 电话：400-886-7799 # 研究员：沈忱 期货从业证号：F3035416 投资咨询证号：Z0015142 Tel.: 021-65789257 邮箱：shenchen_qh@chinastock.com.cn