Traders told the Financial Federation that the deputy governor of the central bank said at the press conference of the State Information Office in the afternoon that there is still room for future monetary policy, and the bond market declined for a short time, but it did not continue. Treasury bond futures bulls performed more optimistically, showing a sharp rise in volume and price.
Financial Services Association, April 18 (Editor Liu Chen) On the afternoon, at the press conference of the State Information Office, the central bank's deputy governor said that there is still room for future monetary policy. The main 10-year treasury bond futures contract should have risen 0.15%, volume and price increases, and cash notes declined briefly, but it did not continue.
Specifically, treasury bond futures closed up collectively. The 30-year main contract rose 0.75% to 107.43 yuan, and the 10-year main contract rose 0.15% to 104.61 yuan, all of which hit new closing prices. The 5-year main contract rose 0.16%, and the 2-year main contract rose 0.07%.
Most of the yields on major interbank interest rate bonds declined. As of 16:30 Beijing time, the yield of 10-year active treasury bonds fell 0.6 bp to 2.254%, the yield of active 5-year treasury bonds fell by 1.75 bp to 2.085%, and the yield of 10-year CDB 240205 was down by 1.85 bp to 2.319%.
(Data source: Choice, compiled by the Financial Federation)
Traders told the Financial Federation that the deputy governor of the central bank said at the press conference of the State Information Office in the afternoon that there is still room for future monetary policy. The next step is to closely monitor the effects of the policy, economic recovery and target achievement, and make good use of the reserve policy. As a result, the bond market briefly declined by about 1.75 bp, but it did not continue; treasury bond futures bulls performed more optimistically, showing a sharp rise in volume and price.
On the primary market side:
According to Choice statistics, the top five declines in non-financial credit bonds in the exchange market today are: H0 Baolong 04, 19 Longhu 03, 220,000 Ke 06, PR Xintai Bonds, and 220,000 Ke 05. The details are as follows:
According to Choice statistics, the top five non-financial credit bond increases in the exchange market today are: H9 Jinke 03, H9 Dragon Holdings 01, 23 Beijing Holdings K1, 22 Xijian G1, and 200,000 K08. The details are as follows:
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 18 through interest rate tenders, and the winning bid interest rate was 1.8%. According to Wind data, the reverse repurchase of 2 billion yuan expired on the same day, so the amount due was completely hedged in a single day.
In terms of capital, most of the Shibor short-end products are rising. Overnight varieties reported an upward 5.3 BP report of 1.776%; a 7-day upward 2.0BP report of 1.836%; a 14-day upward 1.3 BP report of 1.965%; and a 1-month downtrend of 0.4 BP reported 1.996%, a new low since September 2023.
Interbank repurchase interest rates have fluctuated.
(Data source: Choice, compiled by the Financial Federation)
In terms of deposits, today's 3M Chinese stocks are in good demand at 1.88%-1.98%, which is the same as the previous day. The 1Y China Stock Report is in 2.04%-2.14% position, down 2.6 bps from the previous day. In terms of AAA deposits, 9M transactions are at 2.04%, and 1Y transactions are at 2.1025%.
(Data source: Choice, compiled by the Financial Federation)