Open market operations:
From February 21 to February 25, the central bank launched reverse repurchase operations in the open market, with an investment of 810 billion yuan, a maturity of 50 billion yuan and a net investment of 760 billion yuan in the open market. This week, 810 billion yuan of reverse repurchase is expected to expire.
Money market:
As of February 25, the weighted average interest rate of inter-bank borrowing changed by 10.17bp to 2.29% compared with February 18, and the weighted average interest rate of pledged repo changed by 15.14bp to 2.31% compared with February 18; In terms of short-term interest rates, the overnight Shibor, one week Shibor, two week Shibor and one month Shibor were 2.2310%, 2.3220%, 2.3750% and 2.3060% respectively, with changes of 12.10bp, 22.40bp, 14.80bp and -1.70bp respectively compared with February 18; In terms of medium-term interest rate, the three-month Shibor, six-month Shibor, nine-month Shibor and one-year Shibor were 2.3740%, 2.4480%, 2.5070% and 2.5700% respectively, with changes of -2.60bp, -0.90bp, -1.70bp and -1.60bp respectively compared with February 18.
Treasury bond market:
As of February 25, the yield to maturity of 1-month, 3-month, 6-month, 1-year, 3-year, 5-year, 10-year and 30-year treasury bonds were 1.8480%, 1.9334%, 1.9800%, 2.0242%, 2.2950%, 2.5274%, 2.7750% and 3.3611% respectively, with changes of 24.74bp, 10.65bp, 4.00bp, 4.61bp, -1.38bp, 1.88bp, -2.25bp and 1.04bp respectively compared with February 18.
Foreign exchange market:
As of February 25, the central parity rate of US dollar against RMB rose 3bp to 6.3346 compared with February 18; The spot exchange rate of US dollar against RMB dropped 123bp to 6.3142 compared with February 18, 204bp lower than the middle price; The spot exchange rate of the US dollar against the offshore RMB decreased 143bp to 6.3109 compared with February 18, 33bp lower than the onshore spot exchange rate.
