利率下调

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公积金新政落地 购房成本下降 房地产市场影响几何
news flash· 2025-05-09 19:27
根据中国人民银行的公告,从8日起,个人住房公积金贷款利率正式下调0.25个百分点,此外,公开市 场7天期逆回购操作利率也下调0.1个百分点,预计将带动贷款市场报价利率(LPR)随之下行0.1个百分 点。这将给房地产市场带来哪些影响?在北京大兴区一个商品房项目,置业顾问正在给购房人付先生计 算降息后房贷月供的变化。付先生之前看过一套110平方米左右的改善性住房,总价在641万元左右,按 照20%的首付计算,大约需要贷款513万元。(央视财经) ...
5.9犀牛财经晚报:存款利率全面迈向“1时代”王健林再被冻结3亿股权
Xi Niu Cai Jing· 2025-05-09 10:22
央行:实施好适度宽松的货币政策 央行发布2025年第一季度中国货币政策执行报告。下阶段,实施好适度宽松的货币政策。根据国内外经 济金融形势和金融市场运行情况,灵活把握政策实施的力度和节奏,保持流动性充裕,使社会融资规 模、货币供应量增长同经济增长、价格总水平预期目标相匹配。把促进物价合理回升作为把握货币政策 的重要考量,推动物价保持在合理水平。畅通货币政策传导机制,进一步完善利率调控框架,持续强化 利率政策的执行和监督,降低银行负债成本,推动社会综合融资成本下降。发挥好货币政策工具总量和 结构双重功能,坚持聚焦重点、合理适度、有进有退,引导金融机构加力支持科技金融、绿色金融、普 惠小微、扩大消费、稳定外贸等。坚持以市场供求为基础、参考一篮子货币进行调节、有管理的浮动汇 率制度,坚持市场在汇率形成中的决定性作用,增强外汇市场韧性,稳定市场预期,坚决对市场顺周期 行为进行纠偏,坚决对扰乱市场秩序行为进行处置,坚决防范汇率超调风险,保持人民币汇率在合理均 衡水平上基本稳定。探索拓展中央银行宏观审慎与金融稳定功能,维护金融市场稳定,坚决守住不发生 系统性金融风险的底线。 "降息潮"延续!存款利率全面迈向"1时代" 今 ...
国债期货周报:债市横盘震荡,择机配置做多-20250509
Rui Da Qi Huo· 2025-05-09 10:09
Report Industry Investment Rating - Not provided in the document Core Viewpoints of the Report - The domestic fundamental side shows a marginal recovery trend, but the recovery foundation needs to be consolidated, and policy expectations continue to increase. The overseas market shows signs of economic cooling, and the Fed's policy still favors anti - inflation. The bond market is in a sideways shock, and the bond bull environment remains unchanged. It is recommended to wait for the short - end to stabilize before making band allocations [92] Summary According to the Table of Contents 1. Market Review - **Contract Performance**: The 30 - year TL2506 contract fell 0.32%, the 10 - year T2506 contract rose 0.06%, the 5 - year TF2506 contract fell 0.01%, and the 2 - year TS2506 contract fell 0.02%. The trading volumes of TS, TF, T, and TL main contracts all decreased, as did their open interests [11][28] - **CTD Bond Performance**: For the 30 - year, 200012.IB fell 0.33 and 210005.IB fell 0.15; for the 10 - year, 220003.IB fell 0.06 and 240025.IB remained unchanged; for the 5 - year, 240014.IB rose 0.03 and 220021.IB rose 0.11; for the 2 - year, 240024.IB rose 0.03 and 220002.IB rose 0.09 [11] 2. News Review and Analysis - **Domestic News**: On May 7, China agreed to have contact with the US, and the Chinese finance minister said China would achieve the 5% growth target in 2025. On May 8, three departments issued a package of financial policies, including a 0.5 - percentage - point reserve requirement ratio cut, a 0.1 - percentage - point policy rate cut, etc. The public fund industry worth over 30 trillion yuan underwent systematic reform [31] - **International News**: On May 8, the Fed kept the federal funds rate unchanged at 4.25% - 4.5%. The number of initial jobless claims in the US for the week ending May 3 was 228,000, lower than expected [32] 3. Chart Analysis - **Spread Changes**: The yield spreads between 10Y - 5Y and 10Y - 1Y bonds widened slightly. The spread between 2 - year and 5 - year main contracts widened slightly, while the spread between 5 - year and 10 - year main contracts narrowed slightly. The inter - period spreads of 10 - year, 30 - year, 2 - year, and 5 - year contracts weakened slightly [40][44][50] - **Main Contract Position Changes**: The net short positions of the top 20 holders in the T main contract decreased slightly [61] - **Interest Rate Changes**: Overnight, 1 - week, 2 - week, and 1 - month Shibor rates all declined. The DR007 weighted average rate rose to around 1.78%, and the money market tightened. The yields of short - term treasury bonds were stronger than long - term ones, with 1 - 7Y yields down 2 - 5bp and 10Y, 30Y yields up 1bp to 1.63% and 1.88% respectively. The yield spreads between US and Chinese 10 - year and 30 - year treasury bonds widened slightly [65][69] - **Central Bank Operations**: The central bank conducted 836.1 billion yuan in reverse repurchases and had 1617.8 billion yuan in reverse repurchase maturities, resulting in a net injection of 781.7 billion yuan. The DR007 weighted average rate fell to around 1.52%, and the money market tightness improved [72] - **Bond Issuance and Maturity**: This week, bond issuance was 1433.8 billion yuan, total repayment was 813.6 billion yuan, and net financing was 620.169 billion yuan [76] - **Market Sentiment**: The central parity rate of the RMB against the US dollar was 7.2095, down 81 basis points this week. The spread between offshore and onshore RMB strengthened. The 10 - year US treasury bond yield rose slightly, the VIX index fell slightly, the 10 - year treasury bond yield in China rose slightly, and the A - share risk premium fell slightly [82][85][89] 4. Market Outlook and Strategy - **Domestic Fundamentals**: The domestic economy shows a marginal recovery, but the recovery foundation needs to be strengthened, and policy expectations will continue to increase [92] - **Overseas Situation**: The US economy shows signs of cooling, and the Fed's policy still favors anti - inflation, with the possibility of delaying the rate - cut time to July [92] - **Strategy**: The bond market is in a sideways shock. Considering the long - term need for a low - interest - rate environment, the bond bull environment remains unchanged. However, beware of the risk of long - end bond price corrections. It is recommended to wait for the short - end to stabilize before making band allocations [92]
硅铁市场周报:宏观情绪延续偏弱,电价下调价格弱势-20250509
Rui Da Qi Huo· 2025-05-09 08:51
瑞达期货研究院 「2025.05.09」 研究员:徐玉花 期货从业资格号F03132080 期货投资咨询从业证书号 Z0021386 关 注 我 们 获 取 更 多 资 讯 业 务 咨 询 添 加 客 服 目录 硅铁市场周报 宏观情绪延续偏弱,电价下调价格弱势 1、周度要点小结 2、期现市场 3、产业链情况 1. 宏观方面,国家相关部委正在积极部署和推进全国粗钢产量调控工作,工业和信息化部正在加紧修订《钢铁行业产能置换实施 办法》,目前已形成初稿;央行降低存款准备金率0.5个百分点,预计将向市场提供长期流动性约1万亿元;自5月8日起,个人 住房公积金贷款利率下调0.25个百分点。 2. 海外方面,美联储宣布将联邦基金利率目标区间维持在4.25%至4.50%之间,符合市场预期;特朗普和英国首相斯塔默宣布达 成一项有限双边贸易协议,其中英国将购买价值100亿美元的波音飞机。 3. 供需方面,板块承压运行,铁合金目前生产利润为负,钢材需求预期总体仍较弱。利润方面,内蒙古现货利润-230元/吨;宁夏 现货利润-110元/吨。目前来看,美国与部分国家已经达成协议,随着国务院副总理何立峰5月9日至12日与美方代表开启会谈 ...
视频丨存款利率全面进入1时代,有银行一个月狂降3次,钱该往哪放?
2 1 Shi Ji Jing Ji Bao Dao· 2025-05-09 08:30
这里是《21理财私房课》! 朋友们,最近银行存款利率又降了!而且有的银行一个月连降三次!以前存钱还能"躺赚",现在直接"躺平"了!经过这一轮下调后,多数银行的定期存款利 率已经低于2%,迈进"1时代"。 这波操作到底是为啥?以后钱该往哪放?今天咱们就来聊聊这个话题! 4月份以来,多家股份制银行、中小银行陆续下调银行存款利率,存款利率降幅在10个基点~50个基点不等。尤其3年期、5年期这样的长期存款成为下调的 重点。以某银行将3年期存款利率从2.05%猛砍到1.65%为例,存10万的话利息就少了400块,20杯奶茶的钱没了。 而且现在是存越久越亏。很多银行5年期存款利率下调幅度比3年期还大,导致5年期存款利率比3年期还低,利率倒挂的现象越来越普遍。 有的银行甚至一个月内多次下调存款利率,比如福建华通银行,分别在4月10号、4月13号、4月21号三次下调存款利率。上海华瑞银行也在一个月内两次下 调存款利率。 目前国有银行、股份制银行的存款挂牌利率基本都在2%以下了。甚至利率超过2%的大额存单都难找到了。就连曾经以高利率揽储闻名的农商行和民营银行 也佛系了,部分农商行和民营银行这轮也把存款利率降到2%以下了。要知道 ...
一周银行速览(05.2—05.9)
Cai Jing Wang· 2025-05-09 07:50
Regulatory Actions - The People's Bank of China announced a reduction in the reserve requirement ratio by 0.5 percentage points, expected to provide approximately 1 trillion yuan in long-term liquidity to the market [1] - The policy interest rate will be lowered by 0.1 percentage points to 1.4%, and the personal housing provident fund loan rate will decrease by 0.25 percentage points, with the first home rate for loans over five years dropping from 2.85% to 2.60% [1] Industry Developments - Industrial banks are increasing their asset investment companies (AIC), with Industrial Bank, China Merchants Bank, and China CITIC Bank announcing plans to establish AICs with registered capital of 100 billion yuan, 150 billion yuan, and 100 billion yuan respectively [3] - The first batch of bank-issued technology innovation bonds has been announced, with a total issuance cap of 640.5 billion yuan, indicating a strong market response to new policies [4] Housing Loan Adjustments - Major cities including Beijing, Shanghai, Guangzhou, and Shenzhen have lowered the personal housing provident fund loan rate by 0.25 percentage points, bringing the rate for first-time homebuyers over five years to a historical low of 2.6% [5] - Other cities such as Zhengzhou and Ningbo have also announced similar reductions, with the new rates effective immediately for new loans and set to apply to existing loans from January 1, 2026 [5] Banking Sector Performance - In the annual reports of 42 listed banks, total operating income reached 5.65 trillion yuan, with a year-on-year growth of 0.08%, while net profit attributable to shareholders increased by 2.35% to 2.14 trillion yuan [7] - In the first quarter, 42 A-share banks reported total assets exceeding 314 trillion yuan, with a slight decline in operating income and net profit compared to the previous year [8] Corporate Changes - Dazhou Bank's shareholding structure has changed significantly, with Dazhou High-tech Innovation Co., Ltd. acquiring approximately 15.32 billion shares, raising its stake to 49.2%, thus becoming a state-controlled city commercial bank [9][10] - Jiangsu Bank has received approval to acquire Jiangsu Danyang Su Yin Village Bank and establish four new branches, indicating ongoing consolidation in the banking sector [11]
24小时环球政经要闻全览 | 5月9日
Sou Hu Cai Jing· 2025-05-09 05:33
Market Overview - Major stock indices in the US and Europe showed positive movements, with the Dow Jones Industrial Average rising by 1.07% and the S&P 500 increasing by 0.58% [2] - The UK FTSE 100 experienced a slight decline of 0.32%, while the German DAX30 rose by 1.02% [2] - In Asia, the Indian Sensex fell by 0.51%, contrasting with the Vietnamese VNINDEX which increased by 1.55% [2] Trade Agreement - The US and UK have reached a new trade agreement that includes partial tariff reductions and expanded market access for certain products [3] - Specific details of the agreement are still pending, with a 10% additional tariff on the first 100,000 cars exported from the UK to the US, and a 25% tariff on any excess [3] - The UK is expected to reduce or eliminate non-tariff barriers for US products, including beef, ethanol, and grains [3] Financial Developments - The Bank of England has lowered its benchmark interest rate by 25 basis points to 4.25%, indicating a cautious approach to future rate changes based on inflation trends [4] - Apple is developing new specialized chips for smart glasses and AI servers, aiming for production by 2026-2027, and is also working on new M-series Mac chips [4] - The US Consumer Financial Protection Bureau has reversed its decision to regulate Google’s payment business, indicating a shift in regulatory focus [4] Cryptocurrency Market - Coinbase has announced plans to acquire Deribit, the largest cryptocurrency options trading platform, for nearly $2.9 billion, which includes $700 million in cash and 11 million shares of Coinbase Class A common stock [5] - This acquisition is aimed at enhancing Coinbase's competitive position against major players like Binance in the global market [5] Philanthropic Commitment - Bill Gates has pledged to donate nearly all of his personal wealth, amounting to approximately $200 billion, to support the world's poorest populations through his foundation by 2045 [6] - Gates aims to accelerate his philanthropic efforts, stating a commitment to distribute his wealth before his death [6]
存款利率处下行通道,有民营银行自4月以来调整四次
Huan Qiu Wang· 2025-05-09 04:48
Group 1 - Fujian Huadong Bank announced adjustments to personal notice deposit rates, effective May 10, 2025, with rates set at 0.8% for 1-day and 1% for 7-day deposits [1] - This marks the fourth adjustment of deposit rates by Fujian Huadong Bank since April, with significant reductions in various term deposit rates, including a 45 basis point decrease for the 3-year personal term deposit rate [3] - The bank's previous adjustments included lowering the 3-year and 5-year personal term deposit rates to 2.8% and 2.9% respectively, and various other term rates were also reduced during April [3] Group 2 - Jilin Yilian Bank adjusted its fixed-term deposit rates starting May 3, with the 2-year rate decreased from 2.4% to 2.2%, the 3-year rate from 2.6% to 2.4%, and the 5-year rate from 2.5% to 2.3%, each by 20 basis points [4] - Since April, multiple private banks have announced interest rate cuts, reflecting a broader trend in the banking sector [4] - The People's Bank of China announced a reduction in the policy rate by 0.1 percentage points, which is expected to influence the loan market quotation rate (LPR) to decrease by the same margin, prompting commercial banks to lower deposit rates accordingly [4]
中证银行指数飙升至近四年高位,银行板块成 A 股领涨先锋
Xin Lang Cai Jing· 2025-05-09 03:17
Group 1 - The China Banking Index (399986) rose by 1.27% as of May 9, 2025, with notable increases in stocks such as Chongqing Bank (601963) up 3.07% and Qingdao Bank (002948) up 2.55% [1] - The China Banking ETF (512730) also saw a rise of 1.32%, marking its third consecutive increase, with the latest price at 1.61 yuan [1] - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio and a 0.1 percentage point decrease in policy interest rates, which is expected to lower the Loan Prime Rate (LPR) by approximately 0.1 percentage points [1] Group 2 - According to Guangfa Securities, the 50 basis point reduction in the reserve requirement ratio is estimated to release liquidity of about 1,005.1 billion yuan and indirectly lower the interest-bearing liabilities cost for banks, improving the net interest margin by approximately 0.06 basis points in 2025 [2] - The impact of Open Market Operations (OMO) adjustments is expected to primarily reflect in 2025, with a projected increase in net interest margin of about 0.8 basis points for 2025 and 0.05 basis points for 2026 [2] Group 3 - There is an expectation of a new round of deposit rate reductions led by large banks, which will help lower banks' funding costs and enhance profitability, particularly in the context of declining loan rates [3] - Guangfa Securities estimates that if a new round of deposit rate reductions begins in May, with a 5 basis point cut in demand deposit rates and a 10 basis point cut in fixed-term deposit rates, the net interest margin for listed banks could improve by 4.4 basis points in 2025 and 1.1 basis points in 2026 [3] Group 4 - The China Banking ETF closely tracks the China Banking Index and serves as an analytical tool for investors, categorizing the index samples into various industry classifications [4] - As of April 30, 2025, the top ten weighted stocks in the China Banking Index accounted for 65.11% of the index, including major banks such as China Merchants Bank (600036) and Industrial and Commercial Bank of China (601398) [4]
C50风向指数调查:“双降”后新一轮存款利率下调预期升温 市场预计PSL或再次重启
news flash· 2025-05-09 03:14
智通财经C50风向指数调查:"双降"后新一轮存款利率下调预期升温 市场预计PSL或再次重启 智通财经5月9日电,新一期智通财经"C50风向指数"结果显示,多家市场机构预计,降准、降息落地 后,货币政策将呈现持续宽松的特征,资金利率中枢有望进一步下行。在20家参与调查的市场机构中, 19家认为二季度货币政策走向实质性宽松,16家预计2025年货币政策维持宽松基调。17家市场机构料下 调政策利率10BP后,1年期和5年期LPR也将同步下行10BP,新一轮存款利率调降或将开启。此外,为 配合政策性金融工具协同发力,抵押补充贷款(PSL)可能再次重启。(智通财经记者 夏淑媛) ...