每日债市速递 | 中美发布联合声明

Group 1: Open Market Operations - The central bank conducted a 7-day reverse repurchase operation on May 12, with a fixed rate and quantity tendering, amounting to 43 billion yuan at an interest rate of 1.40%, resulting in a net injection of 43 billion yuan for the day [1]. Group 2: Funding Conditions - Overnight and 7-day pledged repo rates for deposit-taking institutions have decreased, with the former dropping over 7 basis points and the latter over 4 basis points. The latest overnight financing rate in the U.S. stands at 4.29% [4]. Group 3: Interbank Certificates of Deposit - The latest transaction for one-year interbank certificates of deposit in the secondary market is around 1.67%, showing little change from the previous day [6]. Group 4: Bond Yield Rates - The yield rates for major interbank bonds are as follows: - 1Y government bonds at 1.42% - 2Y government bonds at 1.435% - 3Y government bonds at 1.46% - 7Y government bonds at 1.515% - 10Y government bonds at 1.679% [11]. Group 5: Recent City Investment Bonds - The trends and data for AAA-rated city investment bonds across various maturities have been analyzed, indicating the current market conditions [12]. Group 6: Government Bond Futures - The closing data for government bond futures has been reported, reflecting the current market dynamics [13]. Group 7: International Trade Relations - The joint statement from the U.S.-China Geneva economic and trade talks indicates that both sides will take measures to modify tariffs on each other's goods, with a temporary suspension of certain tariffs [16]. - China's commitment to multilateralism and free trade was reiterated by Vice Premier He Lifeng during a meeting with the WTO Director-General, emphasizing the importance of dialogue within the WTO framework [16]. Group 8: Bond Market Events - The Ministry of Finance plans to issue 100 billion yuan of book-entry interest-bearing government bonds, while Industrial and Commercial Bank of China announces the issuance of 20 billion yuan in technology innovation bonds [20]. - Recent negative events in the bond market include downgrades in implied ratings for several companies [21].