投资咨询业务资格:证监许可【2012】31号 【C 国贸易所 宏观金融数据日报 国贸期货研究院 宏观金融研究中心 郑雨婷 期货执业证号:F3074875: 投资咨询证号:Z0017779 2025/5/28 | | 品种 | 收盘价 | 较前一日变动 (bp) | 品种 | 收盘价 | 较前一日变 动(bp) | | --- | --- | --- | --- | --- | --- | --- | | | DRO01 | 1.45 | -6.33 | DR007 | 1.62 | -3.59 | | | GC001 | 1.77 | 15.00 | GC007 | 1.76 | 4.00 | | 150 | SHBOR 3M | 1.64 | 0.10 | LPR 5年 | 3.60 | 0.00 | | t | 1年期国债 | 1.46 | 0.76 | 5年期国债 | 1.54 | 1.12 | | J | 10年期国债 | 1.72 | 0.51 | 10年期美债 | 4.51 | -3.00 | 回顾:央行昨日开展了4480亿元7天期逆回购操作,操作利率1.40%,投 标量4480亿元,中标量448 ...

国债期货日报 | 2025-05-28 宽松落地后的调整期内，国债期货全线收跌 市场分析 宏观面：（1）宏观政策：5月7日国新办发布会上，央行宣布落实适度宽松政策，推出涵盖数量型、价格型和结构 型在内的一揽子十项措施，包括降准0.5个百分点、政策利率与结构性工具利率分别下调0.1和0.25个百分点、公积 金贷款利率同步下调，同时增设及扩容科技、养老、消费、涉农等领域专项再贷款，强化资本市场支持和创新债 券风险缓释机制，旨在提升信贷投放、稳定市场预期，推动经济高质量发展；5月10日，中美双方在日内瓦举行经 贸高层会谈，为时两天；5月12日，中美联合发布《中美日内瓦经贸会谈联合声明》，声明指出中美双方 "24%的关 税在初始的90天内暂停实施，对这些商品加征剩余10%的关税。" ；5月20日，中国人民银行公布LPR下调：1年期 LPR由3.1%降至3.0%，5年期以上品种由3.6%降至3.5%，为近半年首次下调。同日，多家国有大行与部分股份制银 行同步下调存款挂牌利率，涵盖活期、整存整取及通知存款等多类型产品。此次降息与降存款利率同步实施，延 续了央行5月初提出的 "政策利率—LPR—存款利率" 联动调控路径。 ...

Group 1 - The People's Bank of China conducted a 3,820 billion yuan reverse repurchase operation with a rate of 1.40%, maintaining the previous level, resulting in a net injection of 2,275 billion yuan after 1,545 billion yuan of reverse repos matured on the same day [1] - The overnight Shanghai Interbank Offered Rate (Shibor) decreased by 5.90 basis points to 1.5060%, while the 7-day Shibor increased by 2.70 basis points to 1.5790%, ending the previous inversion [1][2] - In the interbank pledged repo market, overnight rates fell, while 7-day and 14-day rates rose, with R007 and R014 showing inversion [4] Group 2 - The weighted average rates for DR001 and R001 decreased by 5.4 basis points and 6.3 basis points, respectively, with transaction volumes increasing by 16.7 billion yuan and 94.8 billion yuan [4] - The issuance of interbank certificates of deposit was active, with 109 certificates issued on May 26, totaling 315.51 billion yuan [10] - The secondary market for certificates of deposit showed a fluctuating upward trend, with the 1-year rate for major banks actively priced at 1.70%, leading to a relatively subdued market sentiment [11]

Group 1 - The central bank has implemented a significant reverse repurchase operation of nearly 400 billion yuan to offset the upcoming maturity of 946 billion yuan in reverse repos this week [4] - The short-term funding environment shows a slight increase in the Shanghai Interbank Offered Rate (Shibor) for overnight, 7-day, and 14-day tenors, indicating a mixed trend in liquidity [4] - The central bank has conducted a 500 billion yuan Medium-term Lending Facility (MLF) operation with a one-year term, resulting in a net injection of 375 billion yuan after accounting for 125 billion yuan in maturing MLFs [4] Group 2 - The chief macro analyst from Dongfang Jincheng noted that since April, external environment volatility has increased, prompting domestic extraordinary counter-cyclical adjustments [5] - The recent reduction in reserve requirements and continued large-scale MLF operations indicate that quantitative policy tools are actively supporting liquidity in the banking system, enhancing credit availability for enterprises and households [5] - The combination of the reserve requirement cut and various medium-term liquidity management tools will result in a substantial net injection of liquidity in May, providing crucial support for new credit issuance and social financing [5]

周五(5月23日)，美联储隔夜逆回购协议(RRP)使用规模为1548.41亿美元，上个交易日报1730.18亿美 元。 ...

周四（6月15日），美联储隔夜逆回购协议（RRP）使用规模为1628.02亿美元，上个交易日报1360.33亿 美元。 ...

智通财经5月22日电，美联储周三隔夜逆回购协议（RRP）使用规模为1628.02亿美元。 ...

（原标题：和讯投顾唐梓耿：明天黑周四要重演？3387点发出最后警告，A股明天剧本已定） 虽然量能还未明显放大，但也说明现在的短线情绪是稍微偏谨慎的。第二，从技术来看，5日10日30日 均线都向上发散，形成多头排列趋势，所以趋势一旦形成，慢牛行情就不会轻易改变。第三，今日个股 跌多涨少，高位个股迎来分化，虽然让大家患得患失，但回调是一个正常的现象，而今天指数依旧红盘 的根本原因，就是银行和保险还在往上拉，带动了指数，所以在此环境之下，大家要做的就是耐心持 股，不要轻易割肉，更不要追高追涨，并且央行今日开展逆回购操作，持续向市场提供流动性，一旦有 了资金，市场就很容易持续走强，而后续只要等科技走强，带领大盘持续上攻，那么行情就不言而喻 了。 明天要跑了吗？来不及等开盘了，3387点发出了最后的警告，如果您已经满仓还在犹豫，要不要减仓， 或是您现在空仓在等待进场的机会？和讯投顾唐梓耿分析，上周指数突破3400点之后，连续缩量回踩的 背后，其实是主力一场彻彻底底的阴谋，更诡异的是昨天还是超3800家上涨，今天个股普跌指数震荡回 落，这到底是个股狂欢的结束还是新周期的开始？今天的大盘成功站稳了5日线，那么明天能否打破黑 ...

Group 1 - The central bank of Indonesia has lowered the 7-day reverse repo rate by 25 basis points to 5.5%, aligning with market expectations [1]

Core Viewpoint - Indonesia's 7-day reverse repo rate is set at 5.5% as of May 21, aligning with market expectations and showing a decrease from the previous rate of 5.75% [1] Group 1 - The current rate of 5.5% matches the market forecast [1] - The previous rate was 5.75%, indicating a reduction in the monetary policy stance [1]