中资离岸债每日总结(11.24) | 广州开发区控股、肥城华裕发行

Group 1 - The Federal Reserve shows internal divisions ahead of the December meeting, with various regional Fed presidents expressing differing views on whether to continue cutting rates amid high inflation and a cooling labor market [2] - Boston Fed President Collins believes maintaining current rates is appropriate due to persistent high inflation, while acknowledging a slow cooling in the labor market [2] - Dallas Fed President Logan shares a similar cautious stance, stating she would find it difficult to support a rate cut in December without clear evidence of faster inflation decline or a more rapid labor market cooling [2] Group 2 - New York Fed President Williams indicates a more dovish outlook, suggesting there is room for further rate cuts given the increasing downside risks in the labor market and easing inflationary pressures [2] - Following Williams' remarks, financial markets reacted swiftly, with futures indicating a rise in bets for a December rate cut from approximately 45% to 65% [2] - The market interprets Williams' comments as a significant signal for the increased likelihood of a rate cut in the upcoming December meeting [2] Group 3 - On November 24, the People's Bank of China conducted a reverse repurchase operation of 338.7 billion yuan at a fixed rate, with a 7-day reverse repo rate of 1.40% [12] - The operation resulted in a net injection of 55.7 billion yuan, as 283 billion yuan in 7-day reverse repos matured on the same day [12]