市场流动性周报

Monetary Policy - As of June 28, the weighted average interbank lending rate increased by 3.96 basis points to 2.07% compared to June 21[1] - The pledged repo weighted average rate rose by 32.01 basis points to 2.36% compared to June 21[1] - The overnight SHIBOR, 1-week SHIBOR, 2-week SHIBOR, and 1-month SHIBOR were 1.8890%, 2.0990%, 2.1280%, and 1.9000%, with changes of -7.10 basis points, +16.00 basis points, 0.00 basis points, and 0.00 basis points respectively[1] Liquidity Operations - From June 24 to June 28, the central bank conducted reverse repo operations amounting to 750 billion yuan, with 398 billion yuan maturing, resulting in a net injection of 352 billion yuan[2][3] - An additional 750 billion yuan in reverse repos is expected to mature this week[2][3] Bond Market - As of June 28, the yields on government bonds for various maturities were as follows: 1-month (1.3491%), 3-month (1.4411%), 6-month (1.4489%), 1-year (1.5390%), 3-year (1.7960%), 5-year (1.9782%), 10-year (2.2058%), and 30-year (2.4282%), with respective changes of -14.35, -5.96, -9.56, -5.25, -10.09, -6.08, -5.13, and -5.15 basis points compared to June 21[4][28] Foreign Exchange Market - As of June 28, the USD/CNY central parity rate rose by 72 basis points to 7.1268 compared to June 21[5] - The USD/CNY spot exchange rate increased by 46 basis points to 7.2659, which is 1391 basis points higher than the central parity rate[5] - The offshore USD/CNY spot exchange rate rose by 91 basis points to 7.2996, exceeding the onshore spot rate by 337 basis points[5]