Central Bank'S 100 Billion Positive Repurchase&Nbsp; The Price Of Overnight Funds Still Fell Below 3%

　　 Central Bank One year central bank bills of 10 billion yuan were issued by price bidding, with a price of 96.54 yuan and a yield of 3.584%, which was flat for the fourth consecutive week.

On the same day, the central bank carried out RMB 110 billion positive repurchase, of which RMB 80 billion was a 7-day period, and RMB 30 billion was a 28 day period. The bid winning interest rates were 2.7% and 2.8% respectively. Before the implementation of the repurchase operation, the funds due in the open market next week were zero.

"The central bank is buying back 110 billion yuan this time capital The market liquidity has been tightened again. " A large institutional trader in Shanghai said, "Now the central bank has begun to give full play to the precise guidance of open market operation, and the weekly monitoring is increasing."

As for the shortage of market funds, the reporter learned from the relevant person of a city commercial bank that "since the beginning of September, many credit lines have been blocked, which was not the case in the past."

In September or no longer required

Previously, the central bank's open market had been net launched for eight consecutive weeks, with a cumulative amount of 344 billion yuan, including 100 billion yuan last week.

"At present, the best thing to lend is overnight funds, and short-term funds of 7 and 14 days cannot be lent out and will be returned to the central bank." A bank trader said, "After the central bank withdraws funds, it is just right to rebalance the maturing money."

The funds due in the open market this week were 139 billion yuan. Before the 7-day repurchase operation of 80 billion yuan yesterday, the funds due in the open market of the Central Bank next week (September 19 to September 25) were zero. This move of the central bank will adjust the capital investment next week.

Yesterday, the inter-bank market pledged repo overnight interest rate It fell below the 3% mark and closed at 2.97%, down 8 basis points from the previous trading day. The 7-day and 14 day repo rates also fell further, down 34 basis points and 49 basis points respectively.

In an interview with the Daily Economic News yesterday, most traders said, "The central bank will not set the deposit reserve ratio again in September because it has reached the peak. But it is not ruled out that October will usher in a window of interest rate increase."

"The central bank previously asked banks to include deposits of acceptance bills, letters of credit and letters of guarantee into the scope of deposit reserve, which is actually a disguised form of provision, and this has made banks' affordability reach the limit, especially small and medium-sized banks." Bank traders admitted that small and medium-sized banks will pay deposits on the 15th, and the capital is still very tight.

The transfer interest rate has exceeded 10%

Yesterday, according to statistics from the National Interbank Funding Center, 87 financial institutions sent 128 quotations that day, with a total amount of 39.862 billion yuan.

On the same day, ICBC (4.13, - 0.01, - 0.24%), Sichuan Branch Business Department, China CITIC Bank (4.66, 0.01, 0.22%), Head Office Business Department (Weibo), China Minsheng Bank (5.81, - 0.05, - 0.85%), Hangzhou Branch and Postal Savings Bank Beijing Branch sent the largest single posting quotation, with a single amount of 1 billion yuan, a total of 4.

Among the 102 re posted quotations, the weighted average interest rate of buying is the highest 12.00%; The highest weighted average interest rate for selling is 11.40%.

In fact, September, as the last month of the third quarter, all banks strictly adhered to the assessment indicators and kept credit scale under control.

"Some commercial banks in Shanghai have stopped selling tickets, and the transfer interest rate has exceeded 10%, which makes it difficult for many scalpers to sell tickets." A bill intermediary company in Shanghai said, "Especially some trading enterprises, who have many tickets, have to bear high interest rates if they want to paste."

The business manager of a large city commercial bank said frankly, "The credit was tight at the end of the month, but since the beginning of September, many credit lines have been blocked, which was not the case in the past."

The central bank report showed that the new RMB loans in August were higher than expected, but the growth of M2 and M1 money supply continued to decline.

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