Core Points - The central bank conducted a reverse repurchase operation of 220.5 billion yuan for a 7-day term at an interest rate of 1.40%, which remains unchanged from previous rates [1] - A total of 242 billion yuan in 7-day reverse repos matured today, resulting in a net withdrawal of 21.5 billion yuan [1]

1. 公开市场操作 央行公告称，6月20日以固定利率、数量招标方式开展了1612亿元7天期逆回购操作，操作利率1.40%，投标量1612亿元，中标量1612亿 元。Wind数据显示，当日2025亿元逆回购到期，据此计算，单日净回笼413亿元。当周央行公开市场全口径净回笼799亿元。 // 债市综述 // Wind数据显示，6月23日-27日当周央行公开市场将有9603亿元逆回购到期。 （*数据来源：Wind-央行动态PBOC） 2.资金面 资金面由偏收敛转为均衡，存款类机构隔夜质押式回购利率继续微幅上行，但仍位于1.37%附近，七天质押式回购利率则下行5个bp。 海外方面，最新美国隔夜融资担保利率为4.31%。 （IMM） （*数据来源：Wind-国际货币资金情绪指数、资金综合屏） 3.同业存单 全国和主要股份制银行一年期同业存单最新成交在1.64%附近，较上日变化不大。 5.近期城投债（AAA）各期限利差走势及数据。 （*数据来源：Wind-利差分析） 6.国债期货收盘齐升。 30年期主力合约涨0.21% 10年期主力合约涨0.02% 5年期主力合约涨0.02% 2年期主力合约涨0.02% （*数据来源：W ...

中国央行逆回购操作当日实现净回笼2559亿元 金十数据6月10日讯，中国央行今日开展1986亿元7天期逆回购操作，因今日有4545亿元7天期逆回购到期，当日实现净回笼2559 亿元。看公开市场资金流向，到"数据库-中国央行数据"查看>> 0 2035/06/04 205/05/05/26 2035/05/30 2035/06/06 2035/05/27 2035/05/28 205/05/29 2035/06/03 2035/06/05 2035/0640 | 逆回购 逆回购到期 票据 MLF MLF到期 | 日期 | 类别(全部) | 量(亿) | 期限 | 利率 | | --- | --- | --- | --- | --- | | 2025-06-10 | 逆回购到期 | 4545 | 7天 | | | 2025-06-10 | 逆回购 | 1986 | 7天 | | | 2025-06-09 | 逆回购 | 1738 | 7天 | | | 2025-06-06 | 逆回购到期 | 2911 | 7天 | | | 2025-06-06 | 逆回购 | 1350 | 7天 | | | 2025-06-05 ...

| 逆回购 票据 I MLF 中国央行逆回购操作当日实现净投放1738亿元 金十数据6月9日讯，中国央行今日开展1738亿元7天期逆回购操作，因今日无逆回购到期，当日实现净投放1738亿元。看公开市 场资金流向，到"数据库-中国央行数据"查看 | 2025-05-27 | 逆回购 | 4480 | 7天 | 1.4 | | --- | --- | --- | --- | --- | | 2025-05-26 | 逆回购到期 | 1350 | 7天 | | | 2025-05-26 | 逆回购 | 3820 | 7天 | 1.4 | | 2025-05-23 | 逆回购到期 | 1065 | 7天 | | 下载金十数据APP 专业 · 及时 · 精准 · 权威 > 金十数据 · 7x24跟踪全球市场突发消息 | 逆回购到期 | MLF到期 | 日期 | 类别(全部) | 量(亿) | 期限 | 利率 | | --- | --- | --- | --- | --- | | 2025-06-09 | 逆回购 | 1738 | 7天 | 1.4 | | 2025-06-06 | 逆回购到期 | 2911 | 7天 | ...

Core Viewpoint - The People's Bank of China (PBOC) conducted a 1,350 billion yuan reverse repurchase operation with a rate of 1.40%, maintaining the previous level, resulting in a net withdrawal of 1,561 billion yuan from the market due to 2,911 billion yuan of reverse repos maturing on the same day [1] Group 1: Market Operations - The PBOC performed a total of 9,309 billion yuan in 7-day reverse repos this week, with 16,026 billion yuan maturing, leading to a net withdrawal of 6,717 billion yuan [1] - On the same day, the PBOC also conducted a 10,000 billion yuan buyout reverse repurchase operation [1] Group 2: Interbank Rates - The overnight Shanghai Interbank Offered Rate (Shibor) increased by 0.30 basis points to 1.4110%, while the 7-day and 14-day Shibor rates decreased by 3.40 basis points to 1.5000% and 0.30 basis points to 1.5880%, respectively [1][2] - The weighted average rates for various repo products showed a slight decline, with DR001 and R001 down by 0.0 and 0.9 basis points, respectively, and DR007 and R007 down by 1.9 and 1.6 basis points [5] Group 3: Market Liquidity - The funding environment remained loose throughout the day, with overnight rates stabilizing around 1.48% and 7-day rates around 1.50% [9] - A total of 205 interbank certificates of deposit were issued, with an actual issuance volume of 4,599.6 billion yuan by the end of the day [9][10]

Core Viewpoint - The People's Bank of China (PBOC) conducted a 135 billion yuan reverse repurchase operation today, maintaining the operation rate at 1.40% [1] Summary by Relevant Sections Monetary Policy Operations - The PBOC executed a reverse repurchase operation of 135 billion yuan with a rate unchanged at 1.40% [1] - A total of 2,911 billion yuan in reverse repos is set to mature today [1] - This week, the PBOC carried out reverse repurchase operations totaling 9,309 billion yuan, while 16,026 billion yuan in reverse repos are maturing this week, resulting in a net withdrawal of 6,717 billion yuan [1]

Core Viewpoint - The People's Bank of China (PBOC) conducted a 126.5 billion yuan reverse repurchase operation with a rate of 1.40%, maintaining the previous level, resulting in a net withdrawal of 139.5 billion yuan from the market due to 266 billion yuan of reverse repos maturing on the same day [1][15]. Summary by Category Monetary Policy Operations - The PBOC's reverse repurchase operation on June 5 amounted to 126.5 billion yuan at a rate of 1.40%, with a net withdrawal of 139.5 billion yuan from the market [1][15]. - On June 6, the PBOC plans to conduct a 1 trillion yuan buyout reverse repurchase operation with a term of 3 months [15]. Interbank Market Rates - The Shanghai Interbank Offered Rate (Shibor) showed slight fluctuations, with the overnight Shibor remaining unchanged at 1.4080%, while the 7-day Shibor decreased by 0.90 basis points to 1.5340% [1][2]. - The 14-day Shibor increased by 1.50 basis points to 1.5910% [2]. Repo Market Activity - In the interbank pledged repo market, short-term funding prices remained stable, with an increase in overnight transaction volumes. The weighted average rates for DR001 and R001 decreased by 0.1 basis points to 1.412% and 1.457%, respectively, with transaction volumes increasing by 266.3 billion yuan and 540.7 billion yuan [6]. - The weighted average rates for DR007 and R007 decreased by 0.4 basis points and 0.7 basis points, respectively, with transaction volumes decreasing by 24.9 billion yuan and 89.9 billion yuan [6]. Financial Market Conditions - The funding environment on June 5 was balanced and slightly loose, with overnight and 7-day repo transaction prices showing a slight decline compared to the previous day [12]. - By the end of the day, overnight repo transaction prices stabilized around 1.45%, while 7-day repo prices were around 1.50% [12]. Interbank Certificate of Deposit Issuance - On June 5, there were 90 interbank certificates of deposit issued, with an actual issuance volume of 59.33 billion yuan. The yields on various maturities showed a downward trend [13].

6月5日，中国人民银行公开市场业务操作室公告，为保持银行体系流动性充裕，2025年6月6日，中 国人民银行将以固定数量、利率招标、多重价位中标方式开展10000亿元买断式逆回购操作，期限 为3个月（91天）。 ...

中国央行今日开展2149亿元7天期逆回购操作，因今日有2155亿元7天期逆回购到期，当日实现净回笼6 亿元。 ...

提醒：美国纽约联储围绕2024年的公开市场操作年度报告发布声明。 ...