每日债市速递 | 央行单日净投放3251亿

Group 1: Open Market Operations - The central bank conducted a 7-day reverse repurchase operation on July 28, with a fixed rate and a total amount of 495.8 billion yuan, at an interest rate of 1.40% [1] - On the same day, 170.7 billion yuan of reverse repos matured, resulting in a net injection of 325.1 billion yuan [1] Group 2: Liquidity Conditions - After a brief tightening of liquidity, the central bank continued to inject large amounts of liquidity before the end of the month, leading to a calm in the interbank market [3] - The overnight repo weighted average rate (DR001) fell below 1.50% [3] - The latest overnight financing rate in the U.S. is 4.3% [3] Group 3: Interbank Certificates of Deposit - The latest transaction for one-year interbank certificates of deposit in the secondary market is around 1.66% [5] Group 4: Bond Yield Rates - The yield rates for various government bonds are as follows: - 1Y: 1.3600% - 2Y: 1.4175% - 3Y: 1.4475% - 5Y: 1.5650% - 7Y: 1.6625% - 10Y: 1.7150% [8] Group 5: Recent City Investment Bonds - The yield spreads for AAA-rated city investment bonds have shown various trends, indicating market conditions [9] Group 6: Government Bond Futures - The closing prices for government bond futures are as follows: - 30-year main contract increased by 0.56% - 10-year main contract increased by 0.18% - 5-year main contract increased by 0.13% - 2-year main contract increased by 0.04% [10] Group 7: Economic Performance - The implementation plan for the national childcare subsidy system was announced, providing 3,600 yuan per child per year starting January 1, 2025 [11] - All 31 provinces have disclosed their semi-annual reports, with notable economic growth in central provinces, particularly Hubei and Henan [11] Group 8: Negative Events in Bond Issuers - Recent negative events include: - R&F Properties being listed as a dishonest executor [14] - Delays in ratings for several banks [14] - Kaisa Group failing to pay principal and interest on time [14]