货币市场日报：5月19日

Group 1 - The People's Bank of China conducted a 135 billion yuan 7-day reverse repurchase operation at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 92 billion yuan after 43 billion yuan of reverse repos matured on the same day [1] - The overnight Shanghai Interbank Offered Rate (Shibor) fell by 11.7 basis points to 1.5370%, while the 7-day Shibor rose by 1.70 basis points to 1.5620% [1][2] - The 14-day Shibor increased by 5.30 basis points to 1.6540% [1][2] Group 2 - In the interbank pledged repo market, the 14-day rate saw a slight increase, with the weighted average rates for DR001 and R001 decreasing by 9.4 basis points and 7.0 basis points, respectively, while the rates for DR007 and R007 showed mixed movements [4] - The transaction volume for DR001 increased by 53.3 billion yuan, while R001's transaction volume decreased by 128.8 billion yuan [4] - The weighted average rates for DR014 and R014 rose by 2.3 basis points and 8.0 basis points, respectively, with transaction volumes showing a decrease for DR014 and an increase for R014 [4] Group 3 - As of May 19, 46 interbank certificates of deposit were issued, with an actual issuance amount of 41.24 billion yuan [8] - The primary market for certificates of deposit remained balanced, with trading volumes concentrated in the 3-month and 6-month maturities [9] - The yield on 1-month and 9-month certificates remained stable, while the 3-month and 6-month yields showed slight declines [9] Group 4 - In April 2025, banks settled 1.5408 trillion yuan and sold 1.5715 trillion yuan in foreign exchange, with cumulative figures from January to April showing settlements of 5.3373 trillion yuan and sales of 5.7815 trillion yuan [11] - The Ministry of Finance and the Financial Regulatory Bureau issued a notice to accelerate the digital development of bank confirmations, emphasizing the need for improved platform construction and operational security [11]