每日债市速递 | 上交所：推动ABS市场扩容增类

Market Overview - The central bank conducted a 970 billion yuan reverse repurchase operation with a fixed interest rate of 1.5% on March 3, resulting in a net withdrawal of 1,955 billion yuan for the day due to 2,925 billion yuan of reverse repos maturing [2][3] - The interbank market saw an overall easing of liquidity on the first trading day of March, with most weighted average rates for repurchase agreements declining [3] - The latest overnight financing rate in the US is reported at 4.36% [4] Interbank Certificates of Deposit - The latest transaction for one-year interbank certificates of deposit in the secondary market is around 1.99%, showing a slight decline from the previous day [5] Bond Market - Major interbank bond yields have generally decreased, with mid to short-term bonds performing better [7] - The yields for various government bonds are as follows: - 1Y: 1.5300% (down 7.00 bps) - 3Y: 1.4800% (down 4.00 bps) - 10Y: 1.7080% (down 1.95 bps) [7] - The bond futures market saw all contracts rise, with the 30-year main contract increasing by 0.58% [9] Economic Indicators - China's Caixin Manufacturing PMI rose to 50.8 in February, the highest in three months, exceeding expectations of 50.3 and the previous value of 50.1 [10] - The State-owned Assets Supervision and Administration Commission revised the "Operational Rules for State-owned Asset Transactions," aiming to improve transaction efficiency and protect the rights of all parties involved [10] Bond Issuance - In January, the bond market issued a total of 51,027.5 billion yuan across various types of bonds [14] - Baidu plans to issue offshore RMB bonds worth 10 billion yuan (approximately 1.4 billion USD) [15] - The Shanghai Stock Exchange is promoting the expansion of the ABS market and the normalization of REITs issuance [16]