流动性跟踪周报

Liquidity Operations - Last week, the central bank conducted a net withdrawal of 740 billion yuan from the open market, with 7-day reverse repos of 10 billion yuan and 750 billion yuan maturing, maintaining an interest rate of 1.80%[1][6][7] - This week, the central bank conducted a net withdrawal of 6 billion yuan from the open market, with 7-day reverse repos of 4 billion yuan and 10 billion yuan maturing[1][6][7] Interbank Market - The issuance volume of interbank certificates of deposit (NCDs) last week was 228.85 billion yuan, with an average coupon rate rising by 0.65 basis points to 1.95%[2][8][43] - The maturity volume of NCDs last week significantly decreased to 132.68 billion yuan, compared to 797.71 billion yuan in the previous week[2][43] Interest Rates - The weighted average of R007 was 1.88%, down 45 basis points from the previous week, while DR007 was 1.80%, down 29 basis points[15][34] - The spread between R007 and DR007 widened to 122 basis points, up 95 basis points from the previous week[15][34] - The average rate of 1-year FR007 swaps was 1.85%, up 1 basis point from the previous week[46] Foreign Exchange Market - The USD/CNY exchange rate rose last week, closing at 7.2674 on Friday, compared to 7.2659 the previous week[24] - The Secured Overnight Financing Rate (SOFR) in the U.S. decreased to 5.32% last week[25]