货币市场日报：10月9日

Core Points - The People's Bank of China conducted a 7-day reverse repurchase operation of 612 billion yuan at an interest rate of 1.40%, maintaining the previous rate, resulting in a net withdrawal of 1,451.3 billion yuan from the open market [1] - The Shanghai Interbank Offered Rate (Shibor) showed mixed movements, with the overnight Shibor decreasing by 5.70 basis points to 1.3220%, while the 7-day Shibor increased by 9.00 basis points to 1.4950% [1][2] - The overall funding environment post-National Day holiday was balanced and slightly loose, with overnight repo rates fluctuating between 1.35% and 1.58% [8] Summary by Category Monetary Policy - The People's Bank of China executed a reverse repurchase operation of 612 billion yuan, with a net withdrawal of 1,451.3 billion yuan due to maturing reverse repos [1] Interest Rates - Shibor rates on October 9 showed a decline in the overnight rate and an increase in the 7-day rate, indicating a mixed trend in short-term borrowing costs [1][2] - The weighted average rates for overnight and 7-day repos were reported at 1.3271% and 1.5073%, respectively, with varying transaction volumes [4] Market Conditions - The funding market was characterized by a balanced and slightly loose atmosphere, with significant trading activity in overnight repos and interbank certificates of deposit [8][9] - The issuance of interbank certificates of deposit totaled 6.16 billion yuan on the same day, reflecting ongoing liquidity in the market [8]