流动性跟踪周报

Group 1: Market Operations - The central bank's net injection in the open market last week was 1.75 billion yuan, while this week saw a net withdrawal of 98.475 billion yuan[1] - The 7-day reverse repo maturity was 118.3 billion yuan, maintaining an interest rate of 1.80%[8] - The total issuance of interbank certificates of deposit was 800.85 billion yuan, with an average coupon rate declining to 1.94%[12] Group 2: Interest Rates and Spreads - The average R001 rate was 1.80%, down 14 basis points from the previous week, while the DR001 rate was 1.73%, down 16 basis points[11] - The weighted average of DR007 was 1.82%, down 6 basis points, and R007 was 1.91%, remaining stable[11] - The spread between R007 and DR007 closed at 7 basis points, up 2 basis points from the previous week[11] Group 3: Risk Factors - Potential risks include policy exceeding expectations and financial regulation being more stringent than anticipated[53]