Open market operations:
From March 14 to March 18, the central bank launched reverse repo operations in the open market, with an investment of 140 billion yuan, 50 billion yuan at the maturity of reverse repo, 200 billion yuan at the maturity of MLF, 100 billion yuan at the maturity of MLF, and a net investment of 190 billion yuan in the open market. This week, 140 billion yuan of reverse repo is expected to expire.
Money market:
As of March 18, the weighted average interest rate of interbank borrowing changed by 0.39bp to 2.12% compared with March 11, and the weighted average interest rate of pledged repo changed by - 2.12bp to 2.07% compared with March 11; In terms of short-term interest rate, overnight Shibor, one week Shibor, two week Shibor and one month Shibor were 1.9920%, 2.0730%, 2.2480% and 2.3030% respectively, which changed by -5.90bp, -2.90bp, 14.80bp and 0.30bp respectively compared with March 11; In terms of medium-term interest rate, three-month Shibor, six-month Shibor, nine-month Shibor and one-year Shibor were 2.3680%, 2.4510%, 2.5050% and 2.5940% respectively, with changes of 0.60bp, 0.10bp, 0.20bp and 1.60bp respectively compared with March 11.
Treasury bond market:
As of March 18, the maturity yields of 1-month, 3-month, 6-month, 1-year, 3-year, 5-year, 10-year and 30-year treasury bonds were 1.8877%, 1.9900%, 1.9900%, 2.1106%, 2.3393%, 2.5382%, 2.7927% and 3.3843% respectively, with changes of 16.39bp, 8.94bp, -4.53bp, 2.43bp, 1.66bp, 2.29bp, 0.25bp and 1.29bp respectively compared with March 11.
Foreign exchange market:
As of March 18, the central parity rate of US dollar against RMB rose 119bp to 6.3425 compared with March 11; The spot exchange rate of US dollar against RMB rose 413bp to 6.3641 compared with March 11, 216bp higher than the middle price; The spot exchange rate of USD against offshore RMB rose 83bp to 6.3671 compared with March 11, 30bp higher than the onshore spot exchange rate.
Open market operation. From March 14 to March 18, the central bank launched reverse repo operations in the open market, with an investment of 140 billion yuan, 50 billion yuan at the maturity of reverse repo, 200 billion yuan at the maturity of MLF, 100 billion yuan at the maturity of MLF, and a net investment of 190 billion yuan in the open market. This week, 140 billion yuan of reverse repo is expected to expire.
