货币市场日报：8月26日

Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 405.8 billion yuan at an interest rate of 1.40%, maintaining the previous rate [1] - A total of 3 trillion yuan in 1-year Medium-term Lending Facility (MLF) and 580.3 billion yuan in 7-day reverse repos matured on the same day, resulting in a net withdrawal of 474.5 billion yuan from the open market [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments showed a slight decline, with overnight Shibor down by 3.90 basis points to 1.3170% [1][2] Group 2 - In the interbank pledged repo market, all varieties saw a decline, with the weighted average rates for DR001 and R001 down by 3.5 basis points and 3.1 basis points, respectively [4] - The trading volume in the repo market remained relatively stable, with DR001 and R001 transaction volumes increasing by 49.8 billion yuan and decreasing by 0.8 billion yuan, respectively [4] - The overall funding environment on August 26 was characterized by a loose stance, with overnight rates stabilizing around 1.32% to 1.35% [9] Group 3 - As of 5:30 PM on August 26, there were 89 interbank certificates of deposit issued, with a total issuance amount of 210.32 billion yuan [10] - The primary market for certificates of deposit saw active trading, with short-term rates slightly declining while long-term rates remained stable [10] - The yield curve showed minor fluctuations, with the 3-month and 6-month yields decreasing by approximately 0.5 basis points compared to the previous close [10]