每日债市速递 | 央行单日净投放4195亿

Open Market Operations - The central bank announced a 7-day reverse repurchase operation on October 29, with a fixed rate and quantity tendering, amounting to 557.7 billion yuan at an interest rate of 1.40%, with the same amount being the winning bid [1] - On the same day, 138.2 billion yuan of reverse repos matured, resulting in a net injection of 419.5 billion yuan [1] Funding Conditions - The central bank's increased reverse repo operations have led to a loosening of the interbank market funding conditions, with the weighted average rate for repos falling, particularly the overnight repo rate for deposit institutions dropping over 6 basis points to 1.40% [3] - The overnight quotes in the anonymous click (X-repo) system also decreased to 1.38%, with supply around 100 billion yuan [3] - Non-bank institutions' overnight quotes for pledged certificates of deposit and credit bonds are around 1.45%, lower than the previous day's levels [3] - Market expectations remain positive, with the central bank's actions aimed at stabilizing the funding conditions at the end of the month [3] Interbank Certificates of Deposit - The latest transaction for one-year interbank certificates of deposit among major banks is around 1.64%, down over 2 basis points from the previous day [7] Government Bond Futures - The closing prices for government bond futures show a decline of 0.27% for the 30-year main contract, while the 10-year, 5-year, and 2-year main contracts increased by 0.13%, 0.16%, and 0.10% respectively [12] Key Economic Indicators - From January to September, state-owned enterprises reported total operating income of 613.29 billion yuan, a year-on-year increase of 0.9%, while total profits decreased by 1.6% to 316.70 billion yuan [13]