货币市场日报：1月5日

Group 1 - The People's Bank of China conducted a 135 billion yuan 7-day reverse repurchase operation at an interest rate of 1.40%, unchanged from previous rates, resulting in a net withdrawal of 468.8 billion yuan due to 482.3 billion yuan of reverse repos maturing on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) showed slight fluctuations, with the overnight Shibor rising by 0.60 basis points to 1.2640%, while the 7-day Shibor decreased by 0.50 basis points to 1.4230%, and the 14-day Shibor fell by 6.10 basis points to 1.4570% [1][2] Group 2 - In the interbank pledged repo market, short-term funding rates generally increased, with the weighted average rates for overnight and 7-day repos rising by 2.1 basis points and 7.1 basis points, respectively, to 1.2624% and 1.3315%, with transaction volumes increasing to 6.12 trillion yuan and 42.483 trillion yuan [5] - The overall funding environment on January 5 was loose, with overnight repo rates declining to a range of 1.20%-1.29% by the end of the trading day, indicating a sustained easing of the funding conditions [10] - In the secondary market for negotiable certificates of deposit, trading sentiment was active, with yields for various maturities showing a slight upward trend, particularly the 1-month and 3-month maturities rising by approximately 1 basis point [11]