货币市场日报：12月19日

Core Viewpoint - The People's Bank of China conducted a total of 562 billion yuan in 7-day reverse repos and 1 trillion yuan in 14-day reverse repos on December 19, resulting in a net injection of 357 billion yuan into the market after 1,205 billion yuan in 7-day reverse repos matured on the same day [1] Group 1: Market Operations - The People's Bank of China performed a total of 6,575 billion yuan in reverse repos this week, with 6,685 billion yuan maturing, leading to a net withdrawal of 110 billion yuan from the open market [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments continued to rise slightly, with the 14-day Shibor surpassing 1.6% [1] Group 2: Shibor Rates - The overnight Shibor increased by 0.03 basis points to 1.2733% [2] - The 7-day Shibor rose by 0.51 basis points to 1.4311% [2] - The 14-day Shibor increased by 2.58 basis points to 1.6078% [2] Group 3: Interbank Repo Market - In the interbank pledged repo market, the 14-day funding rate continued to rise slightly, with DR001 and R001 weighted average rates at 1.2706% and 1.3517%, respectively [4] - The transaction volume for DR001 decreased by 667 billion yuan, while R001's transaction volume increased by 45 billion yuan [4] - The weighted average rates for DR007 and R007 were 1.4413% and 1.5148%, with transaction volumes decreasing by 109 billion yuan and 855 billion yuan, respectively [4] Group 4: Funding Conditions - The overall funding situation on December 19 was balanced, with overnight rates for pledged deposits ranging from 1.30% to 1.38% [8] - The issuance of interbank certificates of deposit reached 1,697.8 billion yuan, with 114 certificates issued by 5:30 PM [9]