货币市场日报：5月28日

Group 1 - The People's Bank of China conducted a 215.5 billion yuan reverse repurchase operation with an interest rate steady at 1.40%, resulting in a net injection of 58.5 billion yuan after 157 billion yuan of reverse repos matured on the same day [1] - The overnight Shibor decreased by 4.10 basis points to 1.4110%, while the 7-day Shibor fell by 2.00 basis points to 1.5780%. The 14-day Shibor saw a slight increase of 0.20 basis points to 1.6690% [1][2] - In the interbank pledged repo market, overnight rates continued to decline, while the 14-day rates saw a slight increase. The weighted average rates for DR001 and R001 fell by 3.4 basis points and 3.2 basis points, respectively [4] Group 2 - The interbank funding market showed a balanced and slightly loose trend, with overnight pledged rates for certificates of deposit trading at 1.48%-1.50% by the end of the day, indicating a generally loose liquidity environment [10] - As of 5:30 PM on May 28, there were 80 interbank certificates of deposit issued, with a total issuance amount of 96.56 billion yuan [10] - The issuance of local government bonds reached 353.54 billion yuan in the first four months of the year, with an average issuance term of 16.9 years and an average interest rate of 1.96% [13]