每日债市速递 | 农发行5月19日将招标增发不超过300亿元三期金融债

Group 1: Open Market Operations - The central bank conducted a 7-day reverse repurchase operation of 106.5 billion yuan at a fixed rate of 1.40% on May 16, with a net injection of 29.5 billion yuan for the day after accounting for 77 billion yuan in reverse repos maturing [1][3] - A total of 4.86 billion yuan in reverse repos will mature this week, with specific maturities of 430 million, 1.8 billion, 920 million, 645 million, and 1.065 billion yuan from Monday to Friday [1] Group 2: Funding Conditions - Overnight and 7-day pledged repo rates surged significantly, with overnight rates rising by approximately 22 basis points and 7-day rates increasing by over 11 basis points [3] - The latest overnight financing rate in the U.S. stands at 4.29% [4] Group 3: Interbank Certificates of Deposit - The latest transaction rate for one-year interbank certificates of deposit is around 1.67%, showing little change from the previous day [7] Group 4: Government Bonds - The weighted average yield for 2-year and 20-year government bonds was 1.4416% and 1.9909%, respectively, with bid-to-cover ratios of 3.14 and 3.02 [14] - The closing prices for government bond futures showed a collective decline, with the 30-year main contract down by 0.10% and the 10-year main contract down by 0.05% [13] Group 5: Recent Developments in Debt Market - The Agricultural Development Bank plans to issue up to 30 billion yuan in three phases of financial bonds on May 19 [18] - The China Evergrande Group has announced that its liquidator requires the submission of debt proof forms, and trading will continue to be suspended [18]