Group 1 - The central bank conducted a reverse repurchase operation of 482.3 billion yuan for 7 days at a fixed rate of 1.40%, resulting in a net injection of 415 billion yuan after accounting for maturing reverse repos [1][2] - The interbank market showed structural differentiation in liquidity, with overnight repo rates declining to around 1.24%, while non-bank institutions' rates for seven-day cross-year funding rose above 2% as year-end approaches [3] - The latest one-year interbank certificates of deposit traded at approximately 1.645% in the secondary market [7] Group 2 - The yields on major interbank bonds mostly increased, with specific rates for government bonds and policy bank bonds showing varied changes across different maturities [9][10] - The recent trends in AAA-rated local government bonds indicated fluctuations in yield spreads, reflecting market sentiment and risk perceptions [11] - The government bond futures closed lower across all maturities, with the 30-year contract dropping by 0.91% [11] Group 3 - The State Council announced a tariff adjustment plan effective January 1, 2026, aimed at enhancing the synergy between domestic and international markets, with reduced import tariffs on 935 items to support technological self-reliance and green transformation [12] - The national fiscal work conference emphasized a proactive fiscal policy for 2026, focusing on increasing government spending and optimizing bond tools to support key areas such as consumption and technological investment [12] Group 4 - The U.S. government initiated an investigation into large companies regarding their implementation of diversity, equity, and inclusion (DEI) policies, affecting firms like Google and Verizon [14] - Tianan Life Insurance announced it would be unable to meet the scheduled repayment of its bonds totaling 2 billion yuan, while Sunac China failed to repay debts amounting to 118.33 billion yuan [16]
每日债市速递 | 美国政府启动对谷歌、威瑞森等多家大型公司调查
Wind万得·2025-12-29 22:50