每日债市速递 | 国债期货收盘全线上涨

Group 1: Open Market Operations - The central bank announced a reverse repurchase operation of 197.3 billion yuan for 7 days at an interest rate of 1.40% on June 17, resulting in a net withdrawal of 183.3 billion yuan for the day after accounting for maturing reverse repos and MLF [2][4]. Group 2: Funding Conditions - The funding environment remains stable and slightly loose, with overnight pledged repo rates declining by about 2 basis points to around 1.37%, while the 7-day pledged repo rate also saw a slight decrease [4]. Group 3: Interbank Certificates of Deposit - The latest transaction rate for one-year interbank certificates of deposit among major banks is approximately 1.65%, showing a decrease compared to the previous day [7]. Group 4: Government Bond Futures - Government bond futures closed higher across the board, with the 30-year main contract rising by 0.24%, the 10-year by 0.14%, the 5-year by 0.15%, and the 2-year by 0.08% [11]. Group 5: Global Macro - The Bank of Japan maintained its policy benchmark interest rate at 0.50%, in line with market expectations, and announced a reduction in monthly government bond purchases, with a total expected purchase amount of approximately 2 trillion yen from January to March 2027 [13]. Group 6: Bond Market Events - Design Institute approved the issuance of 1 billion yuan in technology innovation corporate bonds, while Huatai Securities received approval for 10 billion yuan in similar bonds. Enjie Co. plans to register for the issuance of up to 1 billion yuan in non-financial corporate debt financing instruments [15].