货币市场日报：8月19日

Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 580.3 billion yuan at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 465.7 billion yuan after 114.6 billion yuan of reverse repos matured on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term products continued to rise, with the overnight Shibor increasing by 2.80 basis points to 1.4640%, the 7-day Shibor rising by 3.40 basis points to 1.5170%, and the 14-day Shibor increasing by 6.20 basis points to 1.5990% [1][2] - In the interbank pledged repo market, various products continued to show a slight upward trend, with the R007 transaction ratio rising to 11.7%. The weighted average rates for DR001 and R001 increased by 2.3 basis points and 4.4 basis points, respectively, while DR007 and R007 rose by 3.1 basis points and 5.5 basis points [4] Group 2 - The money market showed a tight funding situation throughout the day, with major banks reducing lending volumes and a strong demand for borrowing from banking institutions. Overnight pledged rate certificates traded around 1.60%-1.63%, while 7-day pledged rate certificates traded around 1.55%-1.58% [10] - As of 5:30 PM on August 19, there were 49 interbank certificates of deposit issued, with an actual issuance amount of 26.06 billion yuan [10] - In the primary market for certificates of deposit, except for 1-month and 6-month maturities, other maturities were all due on working days. The secondary market for certificates of deposit showed a downward trend, with yields for various maturities declining compared to the previous day's close [11]