The central bank has carried out a reverse repo for 14 consecutive days Institutions: The New Year's Eve capital is relatively optimistic
According to the announcement of the central bank, in order to maintain reasonable and abundant liquidity at the end of the year, the People's Bank of China launched a 7-day and 14-day reverse repurchase operation of 468 billion yuan in the form of interest rate bidding on the 26th, and the winning interest rates were 1.8% and 1.95%.
Screenshot of the central bank's website
Wind data shows that on the same day, 119 billion yuan of 7-day reverse repurchase expired, and the open market achieved a net investment of 349 billion yuan.
This week (December 25 to December 29), the central bank will have 672 billion yuan of reverse repurchase due in the open market, of which 184 billion yuan, 119 billion yuan, 134 billion yuan, 195 billion yuan, and 40 billion yuan will expire from Monday to Friday respectively.
Source: Wind
This is the seventh consecutive 14-day reverse repo operation carried out by the central bank this month. From December 18 to December 22, the central bank carried out 14-day reverse repurchase operations of 60 billion yuan, 182 billion yuan, 151 billion yuan, 226 billion yuan and 291 billion yuan respectively. Last week, the central bank carried out a total of 910 billion yuan of 14-day reverse repurchases. On the 25th, the central bank carried out a 14-day reverse repurchase operation of 90 billion yuan, and as of today, the central bank has carried out a 1,085 billion yuan 14-day reverse repurchase operation this month.
According to the first financial report, the central bank has recently increased the 14-day reverse repo, but the 14-day funds have entered the New Year's Eve stage, showing that there is still great pressure on the New Year's Eve funds, and the 7-day funds have entered the New Year's Eve stage, so we should be wary of large fluctuations in interest rates.
Guotai Junan believes that the central bank has continued to increase the 14-day reverse repurchase recently, releasing a positive signal to care for the New Year's Eve capital.
CITIC Securities said that in 2023, the central bank will be very resolute in caring for the stable liquidity at the end of the year, and the redemption pressure from wealth management and bond base will be relatively limited. (Sino-Singapore Jingwei APP)
(The views in the article are for reference only and do not constitute investment advice, investment is risky, and you need to be cautious when entering the market.) )