每日债市速递 | 财政部7月14日将招标发行300亿元91天期贴现国债

Group 1: Open Market Operations - The central bank conducted a 7-day reverse repurchase operation of 84.7 billion yuan at a fixed rate of 1.40% on July 11, with a net injection of 50.7 billion yuan for the day after accounting for 34 billion yuan in reverse repos maturing [1] - A total of 425.7 billion yuan in reverse repos will mature from July 14 to 18, with specific maturities of 106.5 billion, 69 billion, 75.5 billion, 90 billion, and 84.7 billion yuan on respective days [1] Group 2: Liquidity Conditions - The overnight pledged repo rate for deposit-taking institutions increased by 2 basis points to 1.34%, while the 7-day pledged repo rate decreased by over 2 basis points to 1.47% [3] - The latest overnight financing rate in the U.S. stands at 4.32% [3] Group 3: Interbank Certificates of Deposit - The latest transaction rate for one-year interbank certificates of deposit among major banks is around 1.63%, showing a slight increase from the previous day [6] Group 4: Bond Market - The yields on major interbank bonds showed mixed movements, with the 30-year main contract rising by 0.05%, while the 10-year and 5-year main contracts fell by 0.02% and 0.01% respectively [12] - The Ministry of Finance plans to issue 30 billion yuan in 91-day discount treasury bonds on July 14 [18] - The National Development Bank will issue up to 11 billion yuan in two tranches of financial bonds on July 14 [18] - The Agricultural Development Bank will issue up to 25 billion yuan in three tranches of financial bonds on July 14 [18] Group 5: Global Macro Events - U.S. President Trump announced a 35% tariff on Canadian products starting August 1 [15] - The Bank of Japan introduced a new lending operation to support market liquidity by allowing investors to borrow recently issued Japanese government bonds [15] - The UK economy has contracted for the second consecutive month, with a GDP decline of 0.1% in May, influenced by U.S. tariffs and multiple cost pressures [15]