货币市场日报：1月12日

Group 1 - The People's Bank of China conducted a 7-day reverse repurchase operation of 861 billion yuan at an interest rate of 1.40%, maintaining the previous rate, resulting in a net injection of 361 billion yuan after 500 billion yuan of reverse repos matured on the same day [1] - The Shanghai Interbank Offered Rate (Shibor) for short-term instruments saw a slight increase, with the overnight Shibor rising by 4.40 basis points to 1.3160%, the 7-day Shibor increasing by 1.20 basis points to 1.4730%, and the 14-day Shibor up by 0.20 basis points to 1.4890% [1][2][3] Group 2 - In the interbank pledged repo market, various rates increased slightly, with DR001 and R001 weighted average rates rising by 5.4 basis points and 4.1 basis points, respectively, to 1.327% and 1.3895%, while transaction volumes for DR001 increased by 775 billion yuan and decreased by 208 billion yuan for R001 [7][8] - The weighted average rates for DR007 and R007 rose by 1.8 basis points and 0.9 basis points, respectively, to 1.4902% and 1.5249%, with transaction volumes increasing by 246 billion yuan and 1111 billion yuan [7][8] Group 3 - The overall funding situation on January 12 was balanced, with overnight rates for pledged loans trading around 1.45% and deposit certificates around 1.48-1.50%, indicating a slightly tight funding environment [11] - In the secondary market for negotiable certificates of deposit, trading sentiment was relatively subdued, with yields for various maturities showing narrow fluctuations, such as the 1-month yield closing at approximately 1.54% and the 3-month yield at 1.605%, reflecting minor changes from the previous week [12]