每日债市速递 | 中国银行巴拿马分行发行5亿美元高级无抵押债券

Group 1: Market Operations - The central bank conducted a 7-day reverse repurchase operation of 35.9 billion yuan at a fixed rate of 1.5% on March 13, with 104.5 billion yuan of reverse repos maturing, resulting in a net withdrawal of 68.6 billion yuan for the day, marking three consecutive days of net withdrawal [2][3] Group 2: Funding Conditions - The interbank funding market remained stable, with overnight repo rates around 1.75%, while the overnight borrowing rates for credit bonds from non-bank institutions also maintained similar levels. The latest overnight financing rate in the US was reported at 4.32% [3][4] Group 3: Interbank Certificates of Deposit - The latest transaction for one-year interbank certificates of deposit in the secondary market was around 1.96%, showing a significant decline compared to the previous day [5] Group 4: Bond Market Trends - The performance of major interbank interest rate bonds showed divergence, with short-term bonds performing slightly better while medium to long-term bonds weakened. Specific yields included 1-year at 1.57%, 3-year at 1.56%, and 10-year at 1.84% [7] Group 5: Treasury Futures - Treasury futures closed mixed, with the 30-year main contract up by 0.04%, the 10-year up by 0.03%, while the 5-year and 2-year contracts fell by 0.02% and 0.03% respectively [9] Group 6: Bond Issuance and Events - Notable bond issuance included the issuance of $500 million senior unsecured bonds by the Bank of China Panama branch and Baidu's completion of a $2 billion zero-coupon convertible bond issuance. Additionally, Henan Province successfully issued 6.742 billion yuan in government bonds [13][14]