Core Viewpoint - The People's Bank of China conducted a 750 billion yuan reverse repurchase operation with a rate of 1.40%, resulting in a net withdrawal of 755 billion yuan from the market due to the maturity of 1,505 billion yuan in reverse repos on the same day [1]. Group 1: Market Rates - The overnight Shanghai Interbank Offered Rate (Shibor) increased by 3.70 basis points to 1.3650% [2][3]. - The 7-day Shibor decreased by 9.50 basis points to 1.4850%, while the 14-day Shibor fell by 8.90 basis points to 1.5090% [2][3]. - In the interbank pledged repo market, the weighted average rate for DR001 rose by 3.7 basis points to 1.3642%, while DR007 dropped below 1.5% [5]. Group 2: Trading Activity - The overall funding situation on February 2 was balanced, with overnight rates for certificates of deposit trading between 1.53% and 1.55% [9]. - The trading sentiment in the secondary market for certificates of deposit was positive, with the 1-month national bank stock closing around 1.55%, up approximately 5 basis points from the previous day [10].
货币市场日报：2月2日