货币市场日报：7月16日

Group 1 - The People's Bank of China conducted a 520.1 billion yuan reverse repurchase operation with a 7-day term at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 444.6 billion yuan after 75.5 billion yuan of reverse repos matured on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) showed a downward trend, with the overnight Shibor decreasing by 6.90 basis points to 1.4660%, the 7-day Shibor down by 4.20 basis points to 1.5040%, and the 14-day Shibor down by 2.00 basis points to 1.5590% [1][2] Group 2 - In the interbank pledged repo market, overnight rates increased in volume but decreased in price, with the weighted average rates for DR001 and R001 falling by 6.1 basis points and 6.2 basis points to 1.4689% and 1.5129%, respectively, while transaction volumes rose by 180.3 billion yuan and 144.1 billion yuan [5] - The overall funding situation was balanced throughout the day, with demand from banking institutions remaining strong, and the prices for overnight and 7-day repos stabilizing around 1.50% and 1.50%, respectively [11] - As of July 16, 127 interbank certificates of deposit were issued, with a total issuance amount of 301.24 billion yuan, indicating a weak trading sentiment in the primary market except for the 1-month maturity [12]