货币市场日报：6月26日

Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 509.3 billion yuan at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 305.8 billion yuan after 203.5 billion yuan of reverse repos matured on the same day [1][12]. - The Shanghai Interbank Offered Rate (Shibor) showed slight fluctuations, with the overnight Shibor decreasing by 0.10 basis points to 1.3700%, the 7-day Shibor also down by 0.10 basis points to 1.6700%, while the 14-day Shibor increased by 1.40 basis points to 1.7360% [1][2][3]. - In the interbank pledged repo market, the 14-day rate continued to rise, with R007 and R014 rates showing an inversion. The weighted average rates for DR001 and R001 decreased slightly, while DR007 and R007 saw mixed movements with DR007 down by 0.9 basis points and R007 up by 6.0 basis points [4][9]. Group 2 - The overall funding situation on June 26 was balanced, with significant credit differentiation. The rates for pledged deposits and commercial credit showed a range of 1.52% to 2.10%, indicating a slight easing in the market towards the end of the trading day [9][10]. - A total of 51 interbank certificates of deposit were issued on June 26, with an actual issuance volume of 42.74 billion yuan. The market sentiment was generally positive, although the total transaction volume remained limited due to fewer issuing institutions [10][12]. - The recent joint announcement by the Financial Regulatory Bureau and the People's Bank of China outlined a plan for the high-quality development of inclusive finance, aiming to establish a comprehensive inclusive financial system over the next five years [12].