国开行发行1年期债券，规模60亿元，发行利率1.3618%，预期1.3800%，投标倍数3.19倍，边际倍数3.92倍；国开行发行5年期债券，规模110亿元，发行利 率1.6253%，预期1.6400%，投标倍数3.76倍，边际倍数1.63倍；国开行发行10年期债券，规模180亿元，发行利率1.7467%，预期1.7500%，投标倍数3.28 倍，边际倍数1.53倍。数据来源：qeubee终端 流动性方面，公司债ETF盘中换手8.92%，成交19.94亿元。拉长时间看，截至8月7日，公司债ETF近1周日均成交21.71亿元。 规模方面，公司债ETF最新规模达223.63亿元，创近1年新高。 资金流入方面，公司债ETF最新资金流入流出持平。拉长时间看，近5个交易日内，合计"吸金"1062.12万元。 数据显示，杠杆资金持续布局中。公司债ETF最新融资买入额达247.70万元，最新融资余额达1661.83万元。 截至8月7日，公司债ETF近5年净值上涨13.68%。从收益能力看，截至2025年8月7日，公司债ETF自成立以来，最高单月回报为1.22%，最长连涨月数为9个 月，最长连涨涨幅为3.80%，涨跌月数比为 ...

Group 1 - The People's Bank of China (PBOC) announced a 1 trillion yuan reverse repo operation on June 5, breaking the previous practice of announcing such operations at the end of the month, which has attracted significant market attention [1][2] - The operation will be conducted with a fixed amount and interest rate, using a multi-price bidding method, with a term of 3 months (91 days) [1] - The total scale of reverse repos maturing in June is 1.2 trillion yuan, indicating a net withdrawal of 200 billion yuan if only the June 6 operation is considered [2] Group 2 - The PBOC's early announcement and the use of structural tools are aimed at stabilizing market expectations and enhancing the transmission of policy signals, especially in the context of high maturity of interbank certificates of deposit [2][3] - The central bank's actions are intended to maintain ample liquidity in the banking system and control fluctuations in the money market, thereby supporting credit growth to the real economy [3] - The PBOC has also established a new section on its website to disclose the operation details of various monetary policy tools, enhancing transparency and communication with the market [4] Group 3 - In May, the PBOC's net liquidity injection through various tools included a 1 trillion yuan reduction in reserve requirements and a net injection of 375 billion yuan through medium-term lending facilities (MLF) [4] - The overall long-term liquidity supply exceeded 1 trillion yuan in May, alleviating liquidity pressure from the concentrated issuance of government bonds [4] - The pressure for government bond issuance in June is expected to be lower than in May, with MLF likely to continue net injections [5]