On September 1, 2021, 70,858 bills of exchange on the Tie Piaobao (www.tiepiaobao.com) platform, 40,644 transactions, including 1,795 acceptance bills of finance companies, 909 commercial bills, and banks 37,940 transactions of acceptance bills (as of 19:00 data), Tie Piao Bao supports 4,000 banks, 1,000 group commercial bills, and 140 financial companies to discount financing, real-time receipt, safe, efficient and guaranteed! Tiebaobao-make the circulation of bills easier!
Today the central bank launched a 10 billion reverse repurchase operation, 50 billion reverse repurchase expires, and a net return of 40 billion funds on the day. Funds in the inter-bank market are balanced. This trading day is the first trading day at the beginning of the month. The collection bill market is extremely active. There are slightly more purchases of cross-year bills, and intraday interest rates have dropped.
In terms of monthly collections, the early interest rate and capital cost were weakly inverted, and the market selling was strong, and the overall supply was relatively abundant. The daily price range was around 2.00%~2.15%. For dual-state stocks in the fourth quarter, the intraday quotations were relatively weak. Both buyers and sellers made more inquiries. However, the quotations were relatively wide and the transaction intention was weak. The overall quotation was around 2.20%~2.25%; in the first quarter of the new year, selling There are very few orders, and buying agencies are also holding a wait-and-see attitude. All-day quotations are around 2.20%~2.28%; the quotations of Chinese stocks in the second quarter and the full year are relatively active, with early quotations ranging from 2.35% to 2.38%. As buying power gradually strengthens, Interest rates have dropped, with intraday quotations ranging from 2.30% to 2.33%. After midday, interest rates continue to decline, with all-day quotations ranging from 2.28% to 2.38%.
The overall balance of funds is loose today.At the beginning of the market, major banks’ state-owned stocks were all raised, overnight pledged interest rate bonds weighted lending, and pledged non-interest rate bonds weighted +5bps to weighted +15bps. The 7-day mortgage of interest rate bonds is weighted out, and non-interest rate bonds are out of 2.05% to 2.30%. Weighted lending of interest rate bonds for 14 days, and 2.30% lending of non-interest rate bonds. Few quotations from 21 days to 1M and few transactions. Funds remained balanced until the midday close. Back in midday, the funding side was further loosened. Interest rate bonds were pledged from 2.00% to 2.10% overnight, and non-interest rate bonds were pledged from +5bps to +15bps. 2.00% to 2.15% out in 7 days. Less than 14 days to 1M. After 2:30, the funds have tightened, and the overnight liquidity has decreased. Funds were loosened at the end of the trading session, and 1.90% was released overnight. Funds remained loose until the market closed.
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