每日债市速递 | 财政部9月26日将招标续发1570亿元3年期国债

Group 1: Open Market Operations - The central bank announced a 7-day reverse repurchase operation of 354.3 billion yuan at a fixed rate of 1.40% on September 19, with a net injection of 124.3 billion yuan for the day after accounting for 230 billion yuan maturing [1] - The total net injection for the week was 1,192.3 billion yuan, with 1,826.8 billion yuan of reverse repos maturing from September 22 to 26 [1] Group 2: Funding Conditions - The funding conditions improved on Friday, with the overnight repurchase weighted average rate dropping nearly 5 basis points to around 1.46% as the tax period ended [3] - Overnight funding quotes on the anonymous click (X-repo) system also fell to around 1.46%, although supply was slightly insufficient [3] Group 3: Interbank Certificates of Deposit - The latest transaction rate for one-year interbank certificates of deposit among major banks remained stable at 1.68% [7] Group 4: Treasury Futures - Treasury futures closed collectively lower, with the 30-year main contract down 0.76%, the 10-year down 0.21%, the 5-year down 0.13%, and the 2-year down 0.05% [13] Group 5: Regulatory and Economic Updates - The central bank announced adjustments to the 14-day reverse repurchase operations to better meet liquidity management needs starting September 19 [14] - The financial regulatory authority emphasized the need for banks and insurance institutions to increase financial support for key areas and effectively prevent financial risks [14] - Recent data showed that tax revenue from the manufacturing sector grew by over 5% year-on-year in the first eight months, highlighting its significant contribution to overall tax revenue [15]