Xinhua Finance and Economics, Beijing, May 14 (Xing Lisha) The People's Bank of China carried out a 125 billion yuan 1-year MLF operation and a 2 billion yuan 7-day reverse repurchase operation on the 15th, and the winning interest rates were 2.50% and 1.80% respectively; In view of the expiration of 125 billion yuan of MLF and 2 billion yuan of reverse repurchase on the same day, the open market achieved zero investment and zero withdrawal.
The Shanghai Interbank Offered Rate (Shibor) and short-term interest rates both decreased slightly. Specifically, Shibor fell 4.20BP overnight to 1.7270%; The 7-day Shibor fell 2.90BP to 1.8080%; The 14-day Shibor fell 2.30BP to 1.8480%.
Shanghai Interbank Offered Rate (15 May)
Source: National Interbank Funding Center
In the interbank pledged repo market, the interest rates of various varieties continued to fall slightly. Specifically, the weighted average interest rates of DR001 and R001 fell by 5.1BP and 3.7BP respectively to 1.71% and 1.7656%, and the turnover increased by 21.7 billion yuan and 1.9 billion yuan respectively; The weighted average interest rates of DR007 and R007 fell by 3.2BP and 2.0BP respectively to 1.8087% and 1.8216%, and the turnover decreased by 34.4 billion yuan and 144.2 billion yuan respectively; The weighted average interest rates of DR014 and R014 fell by 0.9BP and 2.6BP respectively to 1.8425% and 1.8618%, and the turnover decreased by 2.3 billion yuan and 18.7 billion yuan respectively.
Money Market Rates (15 May)
Source: National Interbank Funding Center
According to traders from Shanghai International Currency Brokerage Company, the capital was loose throughout the day on the 15th. In early trading, major banks and non-banks all had a large amount of lending, and the transaction price fell rapidly. Specifically, the morning bet rate traded overnight to weighted, and the bet CD price was around 1.80. The 7D repo interest rate was traded to around 1.82%, and the transaction price of the credit CD was almost the same as the interest rate price, and the transaction price showed a gradual downward trend. There are few transactions for repurchase varieties above the cross-month period, and the quotation is low. After the open market operation, the capital side remained loose, and the overnight repo deposit rate was traded to around 1.78%, and the credit deposit certificate was traded to around 1.78%-1.80%. 7D transaction price mortgage rate certificate of deposit fell to 1.80%-1.82%. In the afternoon, the opening of the capital was still loose, and various institutions reduced their points to melt out, and the transaction price continued to fall, with the interest rate trading at 1.75% overnight and the CD trading at around 1.78 overnight. There are fewer non-overnight transactions. At the end of the day, the overnight interest rate was traded at 1.70%, and the certificate of deposit was traded overnight at around 1.75%-1.76%.
In terms of interbank certificates of deposit, Shanghai international money brokerage traders said that as of 5:30 p.m., 122 interbank certificates of deposit were issued on May 15, with an actual issuance of 135.31 billion, and 107 certificates of deposit will be planned to be issued on May 16, with a planned issuance of 126.49 billion.
In terms of primary certificates of deposit, the primary certificates of deposit expired on rest days except for 1M and 9M, and the overall trading was light. As of the close, 1M fell by about 2BP to 1.80%, 3M went down by about 1BP to 1.90%, 6M went up by about 1BP to 1.97%, 9M was basically flat at 2.065%, and 1Y was up by about 0.25BP to 2.085%.
【Today's Attention】
•According to the People's Bank of China on May 15, in order to deeply implement the decisions and deployments of the Party Central Committee and the State Council, and implement the Opinions of the General Office of the State Council on Further Optimizing Payment Services and Improving Payment Convenience, the People's Bank of China held promotion meetings in Fuzhou and Xiamen on May 13, 2024, to strengthen coordination and cooperation with various departments and industries, promote financial institutions in Fujian to increase their work, further improve the payment service level of the elderly, foreign personnel to China and other groups, and better meet the payment service needs of Taiwan compatriots and Taiwan enterprises.
•According to the news of the State Administration of Financial Supervision and Administration on May 15, since September 2023, a special work has been organized to clean up the "sleep policy" of life insurance nationwide. In the six months since the launch of the special work, a total of 7,320,700 policies have been effectively reminded, involving a total of 45.706 billion yuan of insurance money (cash value), and 1,804,900 policies have been received by consumers, involving a total of 10.954 billion yuan of insurance money (cash value), effectively safeguarding the property interests and rights and interests of consumers.
Editor: Gao Ershan
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