Group 1: Open Market Operations - The central bank conducted a 7-day reverse repurchase operation on July 30, with a fixed rate and a total of 309 billion yuan, at an interest rate of 1.40%, resulting in a net injection of 158.5 billion yuan for the day [2][4]. Group 2: Funding Conditions - The central bank's continuous net injection has led to a decline in the overnight repurchase weighted average rate (DR001) to nearly 1.31%, with a similar decrease observed in the 7-day term [4]. - The latest overnight financing rate in the U.S. stands at 4.36% [5]. Group 3: Interbank Certificates of Deposit - The latest transaction rate for one-year interbank certificates of deposit among major banks is around 1.67%, showing little change from the previous day [8]. Group 4: Bond Market Trends - Major interest rate bonds in the interbank market have seen a decline in yields [10]. - The closing prices for government bond futures showed a general decline, with the 30-year main contract up by 0.40%, the 10-year by 0.15%, the 5-year by 0.08%, and the 2-year by 0.03% [14]. Group 5: Key Economic Meetings and Policies - The Political Bureau of the Central Committee held a meeting on July 30, deciding to convene the Fourth Plenary Session of the 20th Central Committee in October, focusing on economic development and policy adjustments [15]. - The meeting emphasized the need for sustained macroeconomic policies, including proactive fiscal measures and moderately loose monetary policies, to enhance the efficiency of fund utilization and mitigate local government debt risks [15]. Group 6: Bond Market Events - In June, the national issuance of new bonds reached 628.1 billion yuan [19]. - The Sichuan Securities Regulatory Bureau facilitated the successful issuance of the first "Belt and Road" bond by Shudao Group [19]. - A restructuring plan for Times China’s overseas debt was approved by the Hong Kong court [19].
每日债市速递 | 国债期货收盘全线下跌
Wind万得·2025-07-30 22:47