| --- | --- | |-------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | 要点 | | 分析师: | ● 有效运力:有效运力及船司的短期运费报价是影响指数变动的最 | | 王妹兰(欧线集运指数) | 大因素,巴以冲突仍对运价有较大扰动。以色列从加沙地带的大 | | 执业资格号:F3080650 | 面积撤军似乎表明地缘局势的好转,尽管绕行在局势彻底明朗前 仍旧维持,但停火仍对盘 ...

新湖期货 ■LF操作：今日央行无MLF投放与操作，中标利率为2.50%，与此前一致 PSL操作：今日央行无PSL投放与操作。 TILF:今日无THLF到期与操作。国库定存操作:今日无国库定存到期及操作。 近两月央行日度资金投放情况 央行当日资金到期与投放情况 4000 10,000 ■ 当日投放 ■ 当日回笼 -- 当日净投放 ■ 投放里 ■ ■回笼里 争投放里 3000 5,000 2000 1000 ○ (10,000) -1000 (15,000) 3Mshibor-IRS曲线 央行周度资金投放情况 2.60 40,000 6.00 =2024/2/21 = - 2024/2/27 日变化 - 2024/2/26 【资币投放里合计 == 货币回笼里合计 -- 货币净投放量 5.00 30,000 2 50 4.00 20,000 2.40 3.00 2_30 2.00 2 20 1.00 2.10 0.00 (20,000) 2.00 -1.00 0.5年 0.75年 7年 10年 1年 2年 3年 4年 5年 (30,000) 5.0000 - 逆回购:7日:回购利率 · R007 - DR007 4 ...

新湖期货 -15 0.0000 1.5000 资金面情绪指数(日度均值) -非假机构 全市场 -大型保行 中小假行 00/11/16 2027/12/16 2023/02/16 2023/02/16 2023/01/16 2023/01/16 2023/06/16 2023/10/16 2023/11/16 2023/12/16 2024/01/16 2024/02/16 16000 LMLF/TMLF操作规模 - MLF/TMLF加权利率(右) 3.50 14000 3.00 12000 2.50 10000 2.00 8000 1.50 6000 1.00 4000 0.50 0.00 3.5000 - FR007利率互换收盘曲线(报买):3年 - =FR007利率互换收盘曲线(报买):5年 FR007利率互换收盘曲线(报买):1年 一 3.0000 2.5000 2.0000 1.5000 1.0000 2021-12-11 20 21-09-15 021-10-11 021-11-11 2022-02-1: 021-03-1 20 21-08-11 0 22-01-1 022-03-1 0 22-0 ...

央行操作日报 ■LF操作：今日央行无MLF投放与操作，中标利率为2.50%，与此前一致 PSL操作：今日央行无PSL投放与操作。 TILF:今日无THLF到期与操作。国库定存操作:今日无国库定存到期及操作。 近两月央行日度资金投放情况 央行当日资金到期与投放情况 4000 10,000 ■ 当日投放 ■ 当日回笼 -- 当日净投放 ■ 投放里 ■ ■回笼里 争投放里 3000 5,000 2000 1000 ○ (10,000) -1000 (15,000) 3Mshibor-IRS曲线 央行周度资金投放情况 2.60 40,000 6.00 =2024/2/21 = - 2024/2/27 日变化 - 2024/2/26 【资币投放里合计 == 货币回笼里合计 -- 货币净投放量 5.00 30,000 2 50 4.00 20,000 2.40 3.00 2_30 2.00 2 20 1.00 2.10 0.00 (20,000) 2.00 -1.00 0.5年 0.75年 7年 10年 1年 2年 3年 4年 5年 (30,000) 5.0000 - 逆回购:7日:回购利率 · R007 - DR007 ...

公开市场操作： 2月28日|中国央行今日进行3240亿元7天期逆回购操作，中标利率为1.80%，与此前持平。因今日有490亿元7天期逆回购到 期,当日实现净投放2750亿元。 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|----------------------|-------|---------|---------|---------------------|---------------------|-------------|-----------------------------------------------|-----------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Monetary Policy Operations - The central bank did not conduct any MLF (Medium-term Lending Facility) operations today, maintaining the bid rate at 2.50%[4] - No PSL (Pledged Supplementary Lending) operations were conducted today[4] - A total of 3,240 billion CNY was injected through 7-day reverse repos, with a bid rate of 1.80%, resulting in a net injection of 2,750 billion CNY after accounting for 490 billion CNY maturing reverse repos[7] Market Sentiment and Interest Rates - The daily average funding sentiment index is at 0.0000, indicating neutral market sentiment[2] - The weighted average rates for MLF/TMLF operations remain stable at 3.50%[2] - The FR007 interest rate swap curve shows a consistent trend, with rates for 1-year, 3-year, and 5-year swaps at 2.00%, 2.50%, and 3.00% respectively[2] Funding Injection and Withdrawal - Recent data indicates a daily net injection of funds, with total injections and withdrawals showing fluctuations over the past two months[4] - The total amount of currency injected and withdrawn on a daily basis reflects a dynamic adjustment in liquidity management by the central bank[4]

Monetary Policy Operations - The central bank conducted a 7-day reverse repurchase operation of 324 billion yuan at an interest rate of 1.80%, unchanged from previous rates, resulting in a net injection of 275 billion yuan after accounting for 49 billion yuan maturing today[4] - No Medium-term Lending Facility (MLF) or Pledged Supplementary Lending (PSL) operations were conducted today, with the MLF interest rate remaining at 2.50%[2] Market Liquidity - The daily liquidity injection and withdrawal data shows a net liquidity injection of 2,750 billion yuan today, with total liquidity injections reaching 4,000 billion yuan and withdrawals at 1,250 billion yuan[2] - The 3-month SHIBOR rate is currently at 2.50%, indicating stable short-term borrowing costs in the interbank market[2] Interest Rate Trends - The interest rate swap curve indicates a slight upward trend, with the 3-year and 5-year rates hovering around 2.50% and 3.00% respectively, reflecting market expectations for future interest rate movements[5] - The weighted average interest rate for MLF and TMLF operations is currently at 3.50%, suggesting a cautious approach by financial institutions in borrowing from the central bank[5]

公开市场操作： 2月28日|中国央行今日进行3240亿元7天期逆回购操作，中标利率为1.80%，与此前持平。因今日有490亿元7天期逆回购到 期,当日实现净投放2750亿元。 新湖期货 ■LF操作：今日央行无MLF投放与操作，中标利率为2.50%，与此前一致 PSL操作：今日央行无PSL投放与操作。 TILF:今日无THLF到期与操作。国库定存操作:今日无国库定存到期及操作。 近两月央行日度资金投放情况 央行当日资金到期与投放情况 4000 10,000 ■ 当日投放 ■ 当日回笼 -- 当日净投放 ■ 投放里 ■ ■回笼里 争投放里 3000 5,000 2000 1000 ○ (10,000) -1000 (15,000) 3Mshibor-IRS曲线 央行周度资金投放情况 2.60 40,000 6.00 =2024/2/21 = - 2024/2/27 日变化 - 2024/2/26 【资币投放里合计 == 货币回笼里合计 -- 货币净投放量 5.00 30,000 2 50 4.00 20,000 2.40 3.00 2_30 2.00 2 20 1.00 2.10 0.00 (20,000) 2. ...