货币市场日报：1月6日

Group 1 - The People's Bank of China conducted a 162 billion yuan 7-day reverse repurchase operation at an interest rate of 1.40%, unchanged from previous levels, resulting in a net withdrawal of 2963 billion yuan due to 3125 billion yuan of reverse repos maturing on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) showed slight fluctuations, with the overnight Shibor decreasing by 0.10 basis points to 1.2630%, and the 7-day Shibor also down by 0.10 basis points to 1.4220%, while the 14-day Shibor increased by 0.80 basis points to 1.4650% [1] - In the interbank pledged repo market, short-term funding rates remained stable, with DR001 and R001 weighted average rates unchanged or down by 0.1 basis points, while DR007 and R007 rates increased slightly [4] Group 2 - The overall funding environment was described as loose, with various rates for overnight and 7-day repos showing a downward trend throughout the day, indicating a continued easing of the funding conditions [8] - In the secondary market for negotiable certificates of deposit, trading sentiment was active, with yields for various maturities showing an upward trend, particularly for 1M and 3M maturities which increased by approximately 2 basis points and 1 basis point respectively [9] - The People's Bank of China emphasized the importance of maintaining a moderately loose monetary policy to support high-quality economic development and stabilize financial markets during its recent work meeting [12][13]