Open market operations:
From March 28 to April 2, the central bank launched reverse repurchase operations in the open market, with an investment of 620 billion yuan, a maturity of 190 billion yuan and a net investment of 430 billion yuan in the open market. It is expected that 610 billion yuan of reverse repurchase will expire this week.
Money market:
As of April 2, the weighted average interest rate of inter-bank lending changed from -73.87bp to 1.40% compared with March 25, and the weighted average interest rate of pledged repo changed from -86.04bp to 1.34% compared with March 25; In terms of short-term interest rates, overnight Shibor, one week Shibor, two week Shibor and one month Shibor were 1.3080%, 1.8370%, 1.9140% and 2.3060% respectively, with changes of -69.30bp, -37.00bp, -51.90bp and -0.40bp respectively compared with March 25; In terms of medium-term interest rate, three-month Shibor, six-month Shibor, nine-month Shibor and one-year Shibor were 2.3700%, 2.4510%, 2.5090% and 2.6060% respectively, with changes of 0.10bp, -0.10bp, 0.00bp and 0.30bp respectively compared with March 25.
Treasury bond market:
As of April 2, 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 1.7905%, 1.8882%, 2.0158%, 2.1006%, 2.3760%, 2.5342%, 2.7714% and 3.3591% respectively, with changes of -25.95bp, -15.24bp, -11.47bp, -6.26bp, -5.49bp, -4.14bp, -2.58bp and -1.56bp respectively compared with March 25.
Foreign exchange market:
As of April 1, the central parity rate of the US dollar against the RMB was 230bp lower than that on March 25 to 6.3509; The spot exchange rate of US dollar against RMB decreased by 64bp to 6.3591 compared with March 25, 82bp higher than the middle price; The spot exchange rate of the US dollar against the offshore RMB fell 159bp to 6.3678 compared with March 25, 87bp higher than the onshore spot exchange rate.
