每日债市速递 | 央行公开市场单日净投放1378亿

Open Market Operations - The central bank announced a 7-day reverse repurchase operation on October 13, with a fixed rate and quantity tendering, amounting to 137.8 billion yuan at an interest rate of 1.40%, with the same amount being the bid and awarded [1]. Funding Conditions - The interbank market maintained a loose funding condition, with overnight repurchase rates for deposit institutions slightly rising around 1.30%. Non-bank institutions borrowed overnight against credit bonds at rates between 1.46% and 1.48%. The one-year interbank certificates of deposit from major banks had a demand at 1.66%, with secondary market rates slightly declining to 1.655%-1.66% [3][7]. Treasury Futures - The closing prices for treasury futures showed an increase, with the 30-year main contract rising by 0.37%, the 10-year by 0.10%, the 5-year by 0.03%, and the 2-year by 0.02% [11]. Trade Data - In the first three quarters, China's goods trade import and export totaled 33.61 trillion yuan, a year-on-year increase of 4%. Exports reached 19.95 trillion yuan, up 7.1%, while imports were 13.66 trillion yuan, down 0.2%. In September, exports (in RMB) grew by 8.4% year-on-year, while imports increased by 7.5% [12]. Manufacturing Financing - The Ministry of Industry and Information Technology initiated a survey on financing needs among manufacturing enterprises, aiming to enhance financing services and facilitate connections with financial institutions [12]. Bond Issuance - The Ministry of Finance plans to issue 127 billion yuan of 3-year treasury bonds and 149 billion yuan of 10-year treasury bonds on October 20 [12]. Global Macro Events - U.S. President Trump hinted at the possibility of canceling new tariffs on China, stating "Don't worry about China, everything will be fine" [14].