每日债市速递 | 开年全球债券发行2600亿美元创纪录

Market Overview - The central bank conducted a 7-day reverse repo operation of 9.9 billion yuan at a fixed rate of 1.40%, resulting in a net injection of 9.9 billion yuan for the day [1] - The interbank market remains stable with a slight increase in the weighted average rate of DR001, hovering around 1.27% [3] - The latest one-year interbank certificates of deposit (CDs) traded at approximately 1.62%, down 1 basis point from the previous day [5] - Major interest rate bonds in the interbank market saw a general decline in yields [7] - The main contracts for government bonds showed positive performance, with the 30-year contract up by 0.37%, the 10-year contract up by 0.15%, and the 5-year contract up by 0.09% [9] Key News - The Ministry of Commerce emphasized the commitment to high-level opening-up, highlighting Hainan Free Trade Port as a significant initiative for building an open economy [10] - A meeting by the Ministry of Industry and Information Technology addressed the rapid development of the power and energy storage battery industry, noting issues like irrational competition and the need for regulatory measures [10] - The Guizhou provincial government issued policies to support high-quality development in county-level development zones, focusing on infrastructure projects [10] Global Macro - U.S. President Trump indicated that U.S. oversight of Venezuela may last for years, with plans for Venezuela to use oil sales to purchase U.S. goods [12] - The Deputy Governor of the Reserve Bank of Australia stated that the likelihood of a rate cut is "very low" [12] - The global bond market saw a record issuance of $260 billion at the start of 2026 [13] - Gold may have surpassed U.S. Treasuries as the world's top reserve asset for the first time in 30 years [13]