货币市场日报：12月8日

Group 1 - The People's Bank of China conducted a 122.3 billion yuan 7-day reverse repurchase operation on December 8, maintaining the operation rate at 1.40%, resulting in a net injection of 14.7 billion yuan after 107.6 billion yuan of reverse repos matured on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term maturities saw a slight increase, with overnight Shibor rising by 0.10 basis points to 1.3020%, 7-day Shibor increasing by 1.00 basis points to 1.4260%, and 14-day Shibor up by 0.90 basis points to 1.5170% [1][2] Group 2 - In the interbank pledged repo market, most rates experienced slight increases, with DR001 and R001 weighted average rates rising by 0.2 basis points and remaining stable at 1.3022% and 1.3718%, respectively. Transaction volumes decreased by 149.6 billion yuan and 47.7 billion yuan [4] - The weighted average rates for DR007 and R007 increased by 0.8 basis points and decreased by 0.2 basis points, settling at 1.4459% and 1.494%, with transaction volumes increasing by 10.2 billion yuan and 39.2 billion yuan [4] Group 3 - The funding environment on December 8 was balanced, with overnight transactions around 1.48% and 7-day transactions in the range of 1.49%-1.50%. Cross-year funding transactions were noted at around 1.62% for pledged rates and 1.67%-1.68% for credit transactions [6] - By the end of the day, the overnight funding transaction rates had slightly decreased to around 1.40% [6]