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宏观周报:人行买短卖长净买国债1000亿元 地方新增专项债发行显著加速
Guo Xin Qi Huo·2024-09-02 06:31

Economic Indicators - From January to July, national general public budget revenue decreased by 2.6% year-on-year, while expenditure increased by 2.5%[5] - Government fund budget revenue fell by 18.5%, with state land use rights transfer income down by 22.3%[5] - The cumulative issuance of local government special bonds reached 2.57 trillion yuan, with an issuance progress of 66.0% against the annual quota of 3.9 trillion yuan[5] Market Operations - The People's Bank of China (PBOC) bought 400 billion yuan of special treasury bonds on August 29, 2024, and net purchased bonds worth 1000 billion yuan in total for the month[11][36] - The manufacturing PMI for August was 49.1%, down from 49.4% in July, indicating continued contraction in the manufacturing sector[11][36] Financial Market Performance - The Shanghai Composite Index fell by 0.43%, while the Shenzhen Component Index rose by 2.04% during the week[30] - The 2-year treasury futures increased by 0.15%, while the 30-year treasury futures decreased by 0.41%[30] Commodity Prices - Crude oil prices rose by 2.49%, while pork prices increased by 2.18%[32][33] - The average wholesale price of vegetables remained stable at 6.06 yuan/kg, while fruits saw a slight decline to 7.20 yuan/kg[14] Currency Movements - The onshore US dollar appreciated by 0.22% against the yuan, closing at 7.0920 on August 30[11] - The dollar index increased by 1.04%, while the onshore dollar fell by 0.68% against the yuan[32][33]