Macro market:
[central bank] on May 17, in order to maintain the reasonable and abundant liquidity of the banking system, the Bank launched a 7-day reverse repurchase operation of RMB 10 billion by means of interest rate bidding on May 17, with the bid winning interest rate of 2.10%. Today, 10 billion yuan reverse repurchase and 100 billion yuan MLF are due.
[central bank] on May 16, the central bank launched a 100 billion yuan medium-term lending facility (MLF).
[finance] on May 17, treasury bond futures closed up slightly, with 10-year main contract up 0.06%, 5-year main contract up 0.09% and 2-year main contract up 0.04%. The yield of major inter-bank interest rate bonds fell. The yield of 10-year Guokai active bond 220205 fell 0.25bp to 3.0675%, the yield of 10-year Treasury bond 220003 fell 0.75bp to 2.8125%, and the yield of 5-year treasury bond 210011 fell 1.00bp to 2.535%.
[finance] on May 17, inter-bank funds continued to be loose, and money market interest rates rose and fell. The one-day interbank borrowing between banks and depositors was reported at 1.3353%, up 1.23 basis points; The 7-day report was 1.5839%, down 9.12 basis points; The 14 day report was 1.6129%, down 2.97 basis points; The one-month report was 2.0003%, up 0.45 basis points. The one-day varieties of inter bank pledged repo were reported at 1.3221%, up 1.13 basis points; The 7-day report was 1.5257%, down 5.92 basis points; The 14 day report was 1.5515%, down 0.65 basis points; The one-month report was 1.85%, up 11.8 basis points.
[enterprise] on May 17, the yield of credit bonds of various maturities continued to decline, and the credit spread of medium and short-term bills of various maturities fluctuated narrowly compared with the previous day. Today, 1365 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 112174 billion yuan. Among them, 865 credit bonds rose, 108 were flat and 360 fell.
[residents] on May 16, the number of commercial housing transactions in 30 large and medium-sized cities and first tier cities was - 0.31% and the area of commercial housing transactions was - 0.30% compared with the previous day; The number of commercial housing transactions in second tier cities was + 0.61% compared with the previous day, and the transaction area of commercial housing was + 0.36% compared with the previous day; The number of commercial housing transactions in third tier cities was - 0.55% and the transaction area of commercial housing was - 0.59% compared with the previous day.
[policy] on May 17, the CPPCC National Committee held a special consultation meeting on "promoting the sustainable and healthy development of digital economy". Liu he pointed out that we should support the sustainable and healthy development of platform economy and private economy, handle the relationship between the government and the market, support digital enterprises to be listed in capital markets outside China, promote competition with openness and innovation with competition.
Recent focus: the pre force of fiscal policy
