[central bank] on March 9, in order to maintain the reasonable and abundant liquidity of the banking system, the central bank launched a 10 billion yuan reverse repurchase operation by means of interest rate bidding, and the bid winning interest rate was 2.1%. On the same day, RMB 10 billion reverse repurchase expired, so the open market realized zero net investment and zero net return.
[finance] on March 9, the main contracts of various varieties of treasury bond futures fluctuated sharply. The ten-year main contract fell 0.23%; The five-year main contract fell 0.14%; The main force in the two-year period fell 0.06%. The yields of major inter-bank interest rate bonds generally rose, and the rise of medium and short-term bonds was large. The yield of 10-year Guokai active bond 210215 rose 1.05bp to 3.1425%, the yield of 5-year Guokai active bond 210208 rose 2.5bp to 2.815%, and the yield of 10-year Treasury bond 210017 rose 1.1bp to 2.848%
[finance] on March 9, most money market interest rates fell slightly, and the liquidity of the inter-bank market remained balanced. The one-day interbank borrowing between banks and depositors was reported at 2.0356%, down 3.16 basis points; The 7-day report was 2.0806%, down 4.6 basis points; The 14 day report was 2.0541%, down 8.27 basis points; The one-month report was 2.4433%, down 5.8 basis points. The one-day varieties of inter bank pledged repo were reported at 2.0163%, down 1.74 basis points; The 7-day report was 2.0515%, down 3.73 basis points; The 14 day report was 2.0247%, down 2.43 basis points; The one-month report was 2.2992%, up 5.94 basis points.
[enterprise] on March 9, the decline of credit bonds still failed to stop, and the yield of each term rose across the board. The five-year period rose sharply by more than 4 basis points, and the transaction volume exceeded 100 billion throughout the day. A total of 1320 inter-bank and exchange credit bonds (corporate bonds, corporate bonds, medium notes, short-term financing and directional instruments) were traded, with a total turnover of 108374 billion yuan. Among them, 320 credit bonds rose, 67 were flat and 739 fell.
[enterprises] China's inflation data in February was released. CPI rose 0.9% year-on-year and 0.6% month on month; PPI rose 8.8% year-on-year and 0.5% month on month. The National Bureau of statistics pointed out that in February, due to the rise in the prices of international bulk commodities such as crude oil and non-ferrous metals, PPI changed from decline to rise month on month, and the year-on-year increase fell; Affected by the Spring Festival and the fluctuation of international energy prices, CPI rose slightly month on month, and the year-on-year increase was generally stable. In food, the price of pork decreased by 42.5% year-on-year, 0.9 percentage points higher than that in January.
[residents] on March 9, the number of commercial housing transactions in 30 large and medium-sized cities and first tier cities was - 9% and the area of commercial housing transactions was - 7% compared with the previous day; The number of commercial housing transactions in second tier cities was + 48% compared with the previous day, and the transaction area of commercial housing was + 51% compared with the previous day; The number of commercial housing transactions in third tier cities was - 15% compared with the previous day, and the transaction area of commercial housing was + 19% compared with the previous day.
Recent focus: Overseas tightening monetary policy more than expected constraints on China's monetary policy
