央行操作日报

Monetary Policy Operations - On February 28, the People's Bank of China conducted a 7-day reverse repurchase operation of 324 billion yuan, maintaining the bidding rate at 1.80%[1] - With 49 billion yuan of 7-day reverse repos maturing, the net injection for the day was 275 billion yuan[1] Market Sentiment and Interest Rates - The average daily funding sentiment index shows fluctuations, with significant movements observed in the MLF/TMLF weighted rates, which are currently at 2.50%[5] - The FR007 interest rate swap closing curve indicates a downward trend in rates over the past months, with 3-year and 5-year rates showing notable changes[2] Central Bank Operations - No MLF or PSL operations were conducted today, with the MLF bidding rate remaining consistent at 2.50%[5] - Recent data indicates a total of 40 billion yuan in daily funding injections and withdrawals, reflecting the central bank's liquidity management strategy[5] Yield Curves and Financial Instruments - The yield curve for government bonds shows a stable trend, with the 3M SHIBOR and IRS curves indicating a slight increase in borrowing costs over the past week[5] - The market's repo rates have shown variability, with the R007 and DR007 rates fluctuating between 1.50% and 2.70% in recent days[5]