每日债市速递 | 5000亿新型政策性金融工具来了

Group 1: Open Market Operations - The central bank conducted a 7-day reverse repurchase operation on September 29, with a fixed rate and a total amount of 288.6 billion yuan, at an interest rate of 1.40% [1] - On the same day, 240.5 billion yuan of reverse repos matured, resulting in a net injection of 48.1 billion yuan [1] Group 2: Funding Conditions - The interbank market showed a stable overall funding condition, with structural issues becoming apparent at the end of the month; overnight funding remained abundant, while cross-quarter funding prices remained high [3] - The overnight repo weighted average rate for deposit-taking institutions approached 1.3%, marking a two-year low [3] - The latest overnight financing rate in the U.S. was reported at 4.18% [3] Group 3: Interbank Certificates of Deposit - The latest transaction for one-year interbank certificates of deposit in the secondary market was around 1.685% [6] Group 4: Major Interest Rate Bond Yields - The yields for various government bonds were reported as follows: - 1-year: 1.3550% - 2-year: 1.4150% - 3-year: 1.5320% - 5-year: 1.6175% - 7-year: 1.7525% - 10-year: 1.8060% [10] Group 5: Recent City Investment Bonds (AAA) Yield Spread Trends - The article provides insights into the yield spread trends for city investment bonds, although specific data points are not detailed in the provided text [11] Group 6: National Debt Futures Closing - The closing prices for national debt futures were as follows: - 30-year main contract: down 0.47% - 10-year main contract: down 0.01% - 5-year main contract: down 0.04% - 2-year main contract: down 0.02% [13] Group 7: Key News and Information - The National Development and Reform Commission announced a new policy financial tool with a total scale of 500 billion yuan, aimed at supplementing project capital and promoting economic development [14] - From January to August, a total of 38,874 billion yuan in new local government bonds were issued, including 6,208 billion yuan in general bonds and 32,666 billion yuan in special bonds [14] Group 8: Global Macro Insights - Federal Reserve officials indicated the need to maintain a restrictive policy stance due to inflationary pressures, particularly in the service sector, and projected that inflation rates may remain above target for the next 1-2 years [16]