Macro market:
[central bank] on January 10, the central bank launched a 7-day reverse repurchase operation of 10 billion yuan. Since there was no expiration of reverse repurchase on that day, it realized a net investment of 10 billion yuan.
[finance] on January 10, the growth of treasury bond futures expanded, with 10-year main contract up 0.20%, 5-year main contract up 0.14% and 2-year main contract up 0.06%. The yield of major inter-bank interest rate bonds decreased slightly, and medium and short-term bonds performed better. As of the closing in the afternoon, the yield of 10-year Guokai active bond 210215 decreased by 0.55bp, and the yield of 5-year Guokai active bond 210208 decreased by 2.3bp; The yield of 10-year Treasury bond 210017 decreased by 1.25bp, and the yield of 5-year treasury bond 210011 decreased by 2.5bp.
[finance] on January 10, most money market interest rates rose slightly, and the capital supply is still abundant. The one-day interbank borrowing between banks and depositors was reported at 1.8895%, up 4.06 basis points; The 7-day report was 2.0908%, up 2.7 basis points; The 14 day report was 2.1630%, up 20.05 basis points; The one-month report was 2.5314%, up 8.85 basis points. The one-day varieties of inter bank pledged repo were reported at 1.8754%, up 4.93 basis points; The 7-day report was 2.0471%, down 0.12 basis points; The 14 day report was 2.0142%, up 5.37 basis points; The one-month report was 2.3950%, up 4.75 basis points.
[enterprise] on January 10, most of the yields of credit bonds of various maturities went down, with a transaction of 130 billion yuan throughout the day. A total of 1432 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 130.524 billion yuan. Among them, 775 credit bonds rose, 135 credit bonds were flat and 451 credit bonds fell.
[residents] on January 10, the number of commercial housing transactions in 30 cities, large and medium-sized cities and first tier cities was - 25% compared with the previous day, and the transaction area of commercial housing was - 25% compared with the previous day; The number of commercial housing transactions in second tier cities was - 55% compared with the previous day, and the transaction area of commercial housing was - 61% compared with the previous day; The number of commercial housing transactions in third tier cities was - 21% compared with the previous day, and the transaction area of commercial housing was - 26% compared with the previous day.
Recent focus: the sustainability of loose monetary policy in the first quarter.
