货币市场日报：8月4日

Core Viewpoint - The People's Bank of China conducted a 7-day reverse repurchase operation of 544.8 billion yuan at an interest rate of 1.40%, resulting in a net injection of 49 billion yuan into the market after accounting for 495.8 billion yuan of reverse repos maturing on the same day [1]. Interest Rates Summary - The overnight Shanghai Interbank Offered Rate (Shibor) decreased by 0.10 basis points to 1.3140% [2][3]. - The 7-day Shibor fell by 1.00 basis points to 1.4360% [2][3]. - The 14-day Shibor decreased by 3.70 basis points to 1.5160% [2][3]. - Other Shibor rates remained stable or showed slight increases, with the 1-month rate at 1.5470% and the 3-month rate at 1.5590% [2]. Money Market Activity - In the interbank pledged repo market, short-term rates showed slight fluctuations, with DR001 and R001 weighted average rates at 1.3146% and 1.3512%, respectively [5]. - The transaction volumes for DR001 and R001 decreased by 110.7 billion yuan and 83.8 billion yuan, respectively [5]. - The weighted average rates for DR007 and R007 were 1.4518% and 1.4755%, with transaction volumes increasing and decreasing by 62 billion yuan and 168 billion yuan, respectively [5]. Funding Conditions - The funding environment was reported as loose, with overnight lending rates fluctuating between 1.30% and 1.39% [10]. - A total of 96 interbank certificates of deposit were issued, amounting to 145.37 billion yuan, indicating a relatively active issuance environment [11]. - The overall trading sentiment for certificates of deposit improved compared to previous days, although the secondary market showed weaker trading sentiment [11].