央行公告，2025年8月11日，中国人民银行以固定利率、数量招标方式开展了1120亿元逆回购操作，期 限7天，操作利率1.40%，投标量和中标量均为1120亿元。 ...

每经AI快讯，8月11日，央行今日开展1120亿元7天逆回购操作，操作利率为1.40%，与此前持平。 ...

中新网7月7日电 据中国人民银行网站消息，2025年7月7日中国人民银行以固定利率、数量招标方式开 展了1065亿元逆回购操作。具体情况如下： 责任编辑：袁浩 | 逆回购操作情况 | | | | | --- | --- | --- | --- | | 操作利率 | 投标量 | 崩限 | 中标量 | | 1065亿元 | 1065亿元 | 7年 | 1.40% | | 中国人民银行公开市场业务操作室 | | | | 央行网站截图 ...

经济观察网 央行公告称，8月8日以固定利率、数量招标方式开展了1220亿元7天期逆回购操作，操作利 率1.40%，投标量1220亿元，中标量1220亿元。数据显示，当日1260亿元逆回购到期，据此计算，单日 净回笼40亿元。 ...

Group 1 - The central bank conducted a reverse repurchase operation of 122 billion yuan for a 7-day term on August 8, 2025, with an operation interest rate of 1.40% [1]

Report Summary 1. Investment Rating - No investment rating for the industry is provided in the report. 2. Core View - On August 7, the yields of treasury bond cash bonds strengthened collectively, and treasury bond futures also strengthened. The central bank continued to conduct net withdrawals, and the weighted average rate of DR007 fluctuated around 1.45%. Domestically, the manufacturing and non - manufacturing PMIs declined in July, but the overall production and business activities remained stable, and export growth continued to pick up. Overseas, the US labor market showed weakness, increasing market expectations of a Fed rate cut in September. The overall policy tone of the July Politburo meeting was positive, and the bond market stabilized and rebounded. It is recommended to seize the band - up market and lightly allocate long positions [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - **Closing Prices and Volumes**: The closing prices of T, TF, TS, and TL futures all showed slight increases, with T at 108.615 (+0.05%), TF at 105.830 (+0.05%), TS at 102.374 (0%), and TL at 119.380 (+0.03%). T's trading volume decreased by 2,677, while TF, TS, and TL increased by 996, 1,664, and 6,350 respectively [2]. - **Price Spreads**: Some price spreads changed, such as TL2512 - 2509 (-0.34, -0.02↓), T2512 - 2509 (-0.13, +0.01↑) [2]. - **Open Interest**: The open interest of T, TF, TS, and TL all decreased, with T at 168,650 (-2,279), TF at 116,886 (-4,939), TS at 83,781 (-2,699), and TL at 96,898 (-3,924) [2]. 3.2 CTD Bonds - The net prices of some CTD bonds increased, such as 220010.IB (6y) at 107.2157 (+0.0637), 250007.IB (6y) at 99.0955 (+0.0373), while 210005.IB (17y) decreased to 134.8686 (-0.0028) [2]. 3.3 Treasury Bond Active Bonds - The yields of 1 - year active bonds increased by 0.25bp to 1.3525%, while the yields of 3 - year, 5 - year, 7 - year, and 10 - year bonds decreased by 1.00bp, 1.40bp, 0.70bp, and 0.70bp respectively [2]. 3.4 Short - term Interest Rates - The silver - pledged overnight rate increased by 3.12bp to 1.3312%, while the Shibor overnight rate decreased by 0.10bp to 1.3150%. The silver - pledged 7 - day and Shibor 7 - day rates decreased by 0.89bp and 0.80bp respectively [2]. 3.5 LPR Rates - The 1 - year and 5 - year LPR rates remained unchanged at 3.00% and 3.5% respectively [2]. 3.6 Open Market Operations - The issuance scale of reverse repurchase was 160.7 billion yuan, the maturity scale was 283.2 billion yuan, and the interest rate was 1.4% for 7 days, with a net withdrawal of 122.5 billion yuan [2]. 3.7 Industry News - The Ministry of Finance will exempt kindergarten tuition fees starting from the senior class to ensure policy sustainability. Seven ministries including the Ministry of Industry and Information Technology issued an implementation opinion on promoting the innovation and development of the brain - computer interface industry. From January to July, China's total import and export value was 25.7 trillion yuan, a year - on - year increase of 3.5% [2]. 3.8 Key Events to Watch - On August 7 at 19:00, the Bank of England will announce its interest rate decision, meeting minutes, and monetary policy report. On August 8 at 07:50, the Bank of Japan will release the summary of opinions of the members of the Monetary Policy Meeting in July [3].

Group 1 - The People's Bank of China conducted a reverse repurchase operation amounting to 138.5 billion yuan on August 6, 2025 [1] - The operation was executed at a fixed interest rate of 1.40% for a 7-day term [1] - The total bidding amount matched the amount awarded, indicating strong demand in the market [1]

Group 1 - The People's Bank of China conducted a reverse repurchase operation amounting to 160.7 billion yuan on August 5, 2025, using a fixed rate and quantity tender method [1] - The operation had a term of 7 days with an interest rate of 1.40% [1] - The total bidding amount matched the awarded amount, both being 160.7 billion yuan [1]

Core Viewpoint - The central bank conducted a reverse repurchase operation of 544.8 billion yuan with a bid amount of 544.8 billion yuan and a winning amount of 544.8 billion yuan, maintaining the operation rate at 1.40%, consistent with previous levels [1] Group 1 - The central bank's reverse repurchase operation amount was 544.8 billion yuan [1] - The operation rate for the reverse repurchase was held steady at 1.40% [1] - The bid and winning amounts matched at 544.8 billion yuan, indicating strong liquidity management [1]

(本文来自第一财经) 央行公开市场开展5448亿元7天期逆回购操作，操作利率1.40%。Wind数据显示，今日4958亿元逆回购 到期。 ...