货币市场日报：12月22日

Group 1 - The People's Bank of China conducted a 673 billion yuan reverse repurchase operation with a rate of 1.40%, maintaining the previous level, resulting in a net withdrawal of 636 billion yuan due to 1,309 billion yuan of reverse repos maturing on the same day [1] - The overnight and 7-day Shanghai Interbank Offered Rate (Shibor) slightly decreased, while the 14-day Shibor increased. Specifically, the overnight Shibor fell by 0.13 basis points to 1.2720%, and the 7-day Shibor dropped by 1.41 basis points to 1.4170%, while the 14-day Shibor rose by 0.82 basis points to 1.6160% [1] - In the interbank pledged repo market, most rates remained stable, with the R014 rate rising over 13 basis points to exceed 1.75%. The weighted average rates for DR001 and R001 remained unchanged and increased by 0.3 basis points, respectively, while DR007 and R007 rates decreased by 0.8 basis points [4] Group 2 - The overall funding situation was balanced, with major banks lending out funds. The overnight opening rate was around 1.48%, with rates for various maturities showing slight fluctuations. The lowest overnight rate at the close was 1.38% [8] - On December 22, 97 interbank certificates of deposit were issued, totaling 1,103.6 billion yuan. The trading sentiment for primary certificates was generally moderate, while secondary certificates showed active trading with slight yield fluctuations [9] - The People's Bank of China maintained the one-year and five-year Loan Prime Rates (LPR) at 3% and 3.5%, respectively, for the seventh consecutive month [12]