Financial Services Association, April 28 (Editor Liu Chen) As the end of the month approaches, the central bank maintains land volume investment. The majority of deposit books jumped, and the main tenure of the bond market was about 2 bp in 10 and 30 years.

Yields on major interbank interest rate bonds are moving all the way up. As of 16:30 Beijing time, the yield of active 10-year treasury bonds rose by 2 bp to 2.3225%, the yield of active 5-year treasury bonds rose 4.25 bp to 2.1675%, and the yield of 10-year active treasury bonds rose 3.5 bp to 2.43%.

(Data source: QB, compiled by the Financial Federation)

Traders said that since it is Sunday, market trading is not active, but they can still feel that the market is in the mood to take profit, retreat, and fight again after the holiday. Furthermore, the central bank has yet to increase its investment volume to care for cross-month funds, which has also had an impact on the bond market. In the next two days and seven days, capital can be crossed over to focus on central bank operations.

On the open market side, the central bank announced that in order to maintain reasonable and abundant liquidity in the banking system, a 7-day reverse repurchase operation of 2 billion yuan was launched on April 28 through interest rate tenders, and the winning bid interest rate was 1.8%. According to Wind data, the non-reversible repurchase expired on the same day, so a net investment of 2 billion yuan was invested in a single day. This week (April 27 to May 3), the central bank's open market will have a reverse repurchase of 4 billion yuan due, of which 2 billion yuan will expire on Monday and Tuesday; Wednesday to Friday is the Labor Day holiday, and all funds due during the period will be postponed until after the holiday.

Most of the Shibor short-end varieties are declining. Overnight varieties reported a downward 7.3BP of 1.806%; a 7-day upward of 3.9 BP reported 1.951%; a 14-day downtrend of 0.1 BP reported 2.001%; and a 1-month downtrend of 0.2 BP reported 1.95%, a new low since September 2023. In terms of long-term capital, the latest two-tier one-year interbank deposit transactions of state-owned and major joint stock banks were around 2.17%, up 5-6 bps from the end of the previous day.

Interbank repurchase rates have mostly risen.

(Data source: Choice, compiled by the Financial Federation)

In terms of deposits, today's 3M Chinese stocks are in good demand at 1.9%-2%. Compared with the previous day's increase of 4 bps, the 1Y China Stock Report is in the 2.13%-2.25% position, up 5 bps from the previous day. In terms of AAA-level deposits, 9M transactions are at 2.13%, and 1Y transactions are at 2.2%.

(Data source: Choice, compiled by the Financial Federation)