Macro market:
[central bank] on January 11, the people's Bank of China launched a 7-day reverse repurchase operation of 10 billion yuan; In view of the maturity of RMB 10 billion reverse repurchase on that day, the open market realized zero delivery and zero return.
[Treasury] on January 11, the main contracts of treasury bond futures of all terms closed up. As of the closing, 10-year Treasury Bond Futures (t2203) closed at 100.690 yuan, up 0.115 yuan or 0.11%; Five year treasury bond futures (tf2203) closed at 101.690 yuan, up 0.080 yuan, or 0.08%; Two year treasury bond futures (ts2203) closed at 101.075 yuan, up 0.035 yuan, or 0.03%. The yield of major inter-bank interest rate bonds declined collectively. The yield of 10-year Guokai active bond 21 Guokai 15 decreased by 0.75bp to 3.0795%, and the yield of 5-year Guokai active bond 21 Guokai 03 decreased by 1.5bp to 2.76%; The yield of 10-year Treasury bond active bond 21 interest bearing treasury bond 09 decreased by 2.07bp to 2.8375%, and the yield of 5-year treasury bond active bond 21 interest bearing treasury bond 11 decreased by 2.05bp to 2.562%.
[finance] on January 11, most money market interest rates rose slightly, and the funds in the inter-bank market converged slightly. The one-day interbank borrowing between banks and depositors was reported at 1.9961%, up 10.66 basis points; The 7-day report was 2.1223%, up 3.15 basis points; The 14 day report was 2.1965%, up 3.35 basis points; The one-month report was 2.4088%, down 12.26 basis points. The one-day varieties of inter bank pledged repo were reported at 1.9733%, up 9.79 basis points; The 7-day report was 2.0938%, up 4.67 basis points; The 14 day report was 2.0256%, up 1.14 basis points; The one-month report was 2.4034%, up 0.84 basis points.
[enterprise] on January 11, the yield of credit bonds of various maturities collectively decreased by 1-2 basis points, with a transaction of nearly 140 billion yuan throughout the day. A total of 1508 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 137.466 billion yuan. Among them, 814 credit bonds rose, 139 credit bonds were flat, and 495 credit bonds fell.
[residents] on January 11, the number of commercial housing transactions in 30 large and medium-sized cities and first tier cities was - 33% and the area of commercial housing transactions was - 31% compared with the previous day; The number of commercial housing transactions in second tier cities was - 15% compared with the previous day, and the transaction area of commercial housing was - 5% compared with the previous day; The number of commercial housing transactions in the third tier cities was + 52% and the transaction area of commercial housing was + 81% compared with the previous day.
[residents] on January 11, the Ministry of housing and urban rural development said that during the 14th Five Year Plan period, 40 key cities initially planned to add 6.5 million units (rooms), which is expected to help 13 million new citizens and young people alleviate their housing difficulties; At the same time, we will continue to ensure public rental housing, develop housing with common property rights according to local conditions, and steadily promote the transformation of shantytowns; In addition, the transformation of about 219000 old urban communities completed by the end of 2000 will be basically completed.
Recent focus: the sustainability of loose monetary policy in the first quarter.
