货币市场日报：9月4日

Group 1 - The People's Bank of China conducted a reverse repurchase operation of 212.6 billion yuan for a 7-day term, with both the bidding and winning amounts at 212.6 billion yuan and an operation rate of 1.40% [1] - On the same day, 416.1 billion yuan of 7-day reverse repos matured, resulting in a net withdrawal of 203.5 billion yuan [1] - The Shanghai Interbank Offered Rate (Shibor) showed mixed movements, with overnight Shibor unchanged at 1.3160%, 7-day Shibor up by 0.40 basis points to 1.4370%, and 14-day Shibor down by 1.00 basis points to 1.4760% [1][2] Group 2 - In the interbank pledged repo market, the 7-day rates showed mixed trends, with R007 and R014 rates remaining stable compared to the previous trading day [5] - The weighted average rates for DR001 and R001 increased by 0.1 basis points and 0.3 basis points, respectively, with transaction volumes rising to 296.6 billion yuan and 913 billion yuan [5] - The weighted average rates for DR007 and R007 saw a slight increase and decrease, respectively, with transaction volumes showing a mixed trend [5] Group 3 - The funding market on September 4 exhibited a balanced and slightly loose stance, with overnight rates fluctuating around 1.43%-1.45% [9] - By the afternoon, the funding prices showed slight declines, with overnight rates dropping to around 1.36% [9] - The issuance of interbank certificates of deposit reached 99 issues, with an actual issuance volume of 144.11 billion yuan [10] Group 4 - A report from Caitong Securities indicated that despite increased volatility in late August, the average funding rates reached the lowest level of the year, with a decrease in funding gaps compared to July [12] - The People's Bank of China announced plans for a 10 billion yuan reverse repurchase operation on September 5, with a 3-month term, effectively rolling over the same amount maturing on that day [12]