Central Bank To Restart The Central Bank Issued A Scene To Grab Money

On the first day after the holiday, the short-term capital in the interbank market was tight, and the pledge repo rate rose yesterday. The seven day period rose to 85 basis points.

At the same time, the people's Bank of China announced yesterday that it will issue 1 billion yuan central bank votes in February 10th, which is the first resumption of the issuance of the central bank's suspension after nearly 4 weeks.

"Big businesses are borrowing money."

China's interbank market pledged repo rate split 9 days, and overnight interest rate rose 7 days, the increase was 53 and 85 basis points respectively.

The 14 day and 21 day varieties continued to fall in interest rates, down 32 and 65 basis points respectively.

China bond net shows overnight and 7 day Shanghai interbank lending.

Traders in a bank in East China say the market factor is tight due to the Spring Festival and the central bank's reverse repurchase.

"Yesterday morning, the interbank market was tight, and the pressure of the banks was large. Several big state-owned banks were borrowing money.

Among them, ICBC borrowed more, and several big businesses in the afternoon began to melt funds.

The traders believe that yesterday's morning capital tension was not affected by interest rate increases, but because of the adverse repurchase and the expiry of the inter annual funds and other reasons.

First, the central bank's about 300000000000 yuan reverse repurchase before the festival expired on the 9 th, followed by the borrowing of the new year's funds before the Spring Festival. Most of them are due to expire on the first day after the holidays.

The dealer said: "the afternoon assets have been loose, and the major banks have started to melt funds.

Overall, the price of short-term funds rebounded yesterday, but the price was not much higher.

Yes

Central bank restart central bank issue

The tight financial situation will continue to exist in the future.

Yesterday,

The issue volume dropped more than 65% last time and returned to the level.

Analysts said that this also shows that the central bank's demand for money raising in the interest rate channel is difficult to shake, and its interest rate one or two level market is seriously upside down. It is also bound to push up the yield of today's three month central bank ticket issuance, which is expected to rise at around 20 basis points.

In the past three weeks, in order to ease the tense situation before the Spring Festival, the central bank announced the suspension of the central bank for 2 consecutive weeks, and issued a central bank's usual practice during the Spring Festival week.

Meanwhile, according to media reports, the central bank has also launched a 350 billion yuan reverse repurchase operation for some banks.

Some analysts say that the central bank may raise the deposit reserve rate again in late February or early March to recover liquidity.

Because this expectation exists, the interbank market funds face "tight in the morning and loose in the afternoon" will still appear frequently, will not be particularly loose, but not so tense as before.

"If the reserve requirement ratio is raised again at the beginning of March, it will certainly make the fund face very tight, and the money will be staged again."