货币市场日报：6月3日

Group 1 - The People's Bank of China conducted a 454.5 billion yuan 7-day reverse repurchase operation at an interest rate of 1.40%, maintaining the previous rate, resulting in a net withdrawal of 375.5 billion yuan due to 830 billion yuan of reverse repos maturing on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) for 7-day and 14-day tenors significantly declined to around 1.5%, with overnight Shibor dropping by 6.10 basis points to 1.4100%, 7-day Shibor down by 10.20 basis points to 1.5150%, and 14-day Shibor down by 16.00 basis points to 1.5790% [1][2] - In the interbank pledged repo market, short-term funding prices fell across the board, with R007 transaction volume rising to 13%. The weighted average rates for DR001 and R001 decreased by 6.9 basis points and 10.3 basis points, respectively, while DR007 and R007 rates fell by 11.5 basis points and 11.0 basis points [6] Group 2 - The funding environment on June 3 was characterized by a loose stance, with overnight rates stabilizing around 1.55% and 7-day repo rates also falling to approximately 1.55%. By the end of the day, some major banks offered overnight rates as low as 1.45% [10] - On the interbank certificate of deposit front, 19 certificates were issued on June 3, with a total issuance amount of 3.67 billion yuan. The secondary market saw a relatively quiet trading day, with yields rising compared to the pre-holiday period [11] - The People's Bank of China reported that during the Dragon Boat Festival holiday, UnionPay and NetUnion processed 14.05 billion transactions worth 4.8 trillion yuan, marking a year-on-year increase of 13% and 3.4%, respectively [13]