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每日债市速递 |  国债期货收盘集体上涨
Wind万得·2025-09-01 22:49

Group 1: Open Market Operations - The central bank announced a reverse repurchase operation of 182.7 billion yuan for 7 days at a fixed rate of 1.40% on September 1, with the same amount being the bid and awarded [1] - On the same day, 288.4 billion yuan of reverse repos matured, resulting in a net withdrawal of 105.7 billion yuan [1] Group 2: Funding Conditions - On the first trading day of the month, the central bank's reverse repos decreased significantly, leading to a net withdrawal, while the interbank market remained stable overall [3] - The overnight repo rate for deposit-taking institutions fell by nearly 2 basis points to 1.31% [3] - The latest quotes for overnight financing of non-bank institutions using pledged certificates and credit bonds slightly decreased to around 1.43% [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 rate for one-year interbank certificates of deposit among major national and joint-stock banks remained stable at 1.66% [10] Group 4: Bond Market Overview - The yields on major interbank bonds mostly declined [9] - The closing prices for government bond futures collectively increased, with the 30-year main contract rising by 0.30%, the 10-year by 0.17%, the 5-year by 0.08%, the 2-year by 0.02% [13] Group 5: Global Macro Insights - The European Central Bank President Lagarde expressed concerns about any government changes in the Eurozone, stating that the French banking system is in a better condition than during the 2008 crisis [16] - South Korea's exports in August increased by 1.3% year-on-year, marking the third consecutive month of growth, with semiconductor exports reaching a record high of 15.1 billion USD, up 27.1% year-on-year [18]