货币市场日报：9月16日

Group 1 - The People's Bank of China conducted a 287 billion yuan 7-day reverse repurchase operation with an interest rate of 1.40%, maintaining the previous level, resulting in a net injection of 40 billion yuan due to 247 billion yuan of reverse repos maturing on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) showed a slight increase, with overnight Shibor rising by 2.90 basis points to 1.4370%, 7-day Shibor up by 0.50 basis points to 1.4750%, and 14-day Shibor increasing by 0.20 basis points to 1.5060% [2][4] Group 2 - In the interbank pledged repo market, short-term rates slightly increased, with DR001 and R001 weighted average rates rising by 2.8 basis points and 3.0 basis points to 1.4424% and 1.4778%, respectively [4] - The overall funding situation turned to a balanced but slightly tight state, with overnight rates for pledged deposits trading between 1.47% and 1.50% and 7-day rates around 1.47% to 1.48% [8] Group 3 - The issuance of interbank certificates of deposit reached 173.6 billion yuan with 125 certificates issued on September 16 [8] - The long-end yields continued to decline, easing the pressure on tax period funds, and overall trading sentiment remained positive [9]