货币市场日报：10月10日

Core Points - The People's Bank of China conducted a 7-day reverse repurchase operation of 409 billion yuan at an interest rate of 1.40%, maintaining the previous rate, resulting in a net withdrawal of 191 billion yuan due to 600 billion yuan of 14-day reverse repos maturing on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) saw a decline across all tenors, with the overnight Shibor down by 0.30 basis points to 1.3190%, the 7-day Shibor down by 4.40 basis points to 1.4510%, and the 14-day Shibor down by 3.20 basis points to 1.4940% [1][2] Market Rates - In the interbank pledged repo market, rates for various products decreased, with the R007 transaction volume surging to 60.4%. The weighted average rates for DR001 and R001 fell by 1.0 basis points and 8.1 basis points, respectively, while DR007 and R007 dropped by 8.4 basis points and 5.2 basis points [5] - The overall funding environment was described as balanced and slightly loose, with overnight repo rates dipping to around 1.35% and 3-day repo rates falling to approximately 1.40% [9] Certificate of Deposit Market - The primary market for certificates of deposit showed a balanced and slightly loose funding environment, with overall trading sentiment remaining acceptable. The secondary market saw improved sentiment compared to the previous day, although trading sentiment weakened in the afternoon [10] - The 1-month, 3-month, and 6-month yields increased slightly compared to the previous day, while the 9-month and 1-year yields decreased [10]