每日债市速递 | 国务院常务会议要求巩固拓展经济回升向好势头

Group 1: Open Market Operations - The central bank conducted a 7-day reverse repurchase operation on August 18, with a fixed rate and a total amount of 266.5 billion yuan, at an interest rate of 1.40% [1] - On the same day, 112 billion yuan of reverse repos matured, resulting in a net injection of 154.5 billion yuan [1] Group 2: Funding Conditions - The interbank market showed a tightening of funds, with the overnight repo weighted average rate rising nearly 5 basis points to around 1.45% [3] - The latest overnight financing rate in the U.S. was reported at 4.34% [3] Group 3: Interbank Certificates of Deposit - The latest transaction for one-year interbank certificates of deposit in the secondary market was around 1.6736% [8] Group 4: Bond Market Overview - The yields on major government bonds saw declines, with the 30-year main contract dropping by 1.33%, the 10-year by 0.29%, the 5-year by 0.21%, the 2-year by 0.04% [11] Group 5: Policy and Economic Measures - The State Council emphasized enhancing the effectiveness of macro policy implementation, stimulating domestic consumption, and promoting effective investment [12] - The People's Bank of China highlighted the importance of movable asset financing as a tool for small and medium enterprises to address financing challenges [12] Group 6: Corporate Bond Issuance - The first batch of four corporate bonds recently completed their follow-up issuance on the Shenzhen Stock Exchange, providing more flexible financing tools for issuers [13] Group 7: Global Macro Developments - The EU plans to detail a scheme to mobilize citizen bank deposits as part of its "Savings and Investment Alliance" initiative, aimed at simplifying investment processes for households [15] Group 8: Bond Market Negative Events - Several companies, including Jianye Real Estate and Huaye Capital, reported significant financial issues, including expected losses and legal disputes [17]