Macro market:
[central bank] on April 21, in order to maintain the reasonable and abundant liquidity of the banking system, the central bank launched a 7-day reverse repurchase operation of 10billion yuan by means of interest rate bidding, with the bid winning interest rate of 2.10%. Today, the 10 billion yuan reverse repurchase is due. On Friday, the central bank decided to cut the deposit reserve ratio of financial institutions by 0.25 percentage points on April 25.
[finance] on April 21, treasury bond futures rose slightly, with 10-year main contract up 0.07%, 5-year main contract up 0.06% and 2-year main contract up 0.03%. The yield of major inter-bank interest rate bonds fell. The yield of 10-year Guokai active bond 220205 fell 0.50bp to 3.0575%, the yield of 10-year Treasury bond 220003 fell 1.0bp to 2.8225%, and the yield of 5-year treasury bond 220001 fell 0.75bp to 2.5775%.
[finance] on April 21, the money market interest rate fell slightly, and the balance of inter-bank funds was loose. The one-day interbank borrowing between banks and depositors was reported at 1.2940%, down 0.90 basis points; The 7-day report was 1.8040%, down 13.30 basis points; The 14 day report was 1.9710%, up 0.0 basis points; The one-month report was 2.222%, down 0.80 basis points. The one-day varieties of inter bank pledged repo were reported at 1.2891%, down 1.37 basis points; The seven-day report was 1.7018%, down 8.39 basis points; The 14 day report was 1.9589%, up 0.65 basis points; The one-month report was 1.9509%, down 10.56 basis points.
[enterprise] during April 21, most credit bonds and interest rate bonds rose, the yield of credit bonds of various maturities rose slightly, and the credit interest margin narrowed. A total of 1392 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 148476 billion yuan. Among them, 826 credit bonds rose, 106 were flat and 380 fell.
[residents] on April 20, the number of commercial housing transactions in 30 large and medium-sized cities and first tier cities was + 0.44% and the area of commercial housing transactions was + 0.29% compared with the previous day; The number of commercial housing transactions in second tier cities was - 0.31% compared with the previous day, and the transaction area of commercial housing was - 0.18% compared with the previous day; The number of commercial housing transactions in the third tier cities was - 0.01% compared with the previous day, and the transaction area of commercial housing was + 0.09% compared with the previous day.
[boom] on Thursday, April 21, preliminary statistics released by the South Korean customs agency (customs) showed that South Korea's exports in the first 20 days of April increased by 16.9% year-on-year to US $36.285 billion.
Recent focus: the pre force of fiscal policy
