Interbank Market Capital Prices Rose Overall

20, the inter-bank market funds for each period of the price is comprehensive. Rise Across the month, the demand for funds across the quarter has sprung up. Analysts said that as the end of September approached, the capital side was faced with multiple tests.

At the end of mid September, a new round of market prices for fund prices started quietly. Following the 19 day's short-term interest rate rise, the 20 day interest rate in the inter-bank market started to rise. In the interbank pledged repo market, the average repurchase rate of each period exceeds 50 basis points. Among them, overnight repo weighted interest rate rose from 3.47% to 3.80%. Rise The 33 base point; the 7 day repurchase weighted interest rate rose from 3.57% to 3.99%, up 42 basis points. Cross quarter cross section funds are popular, especially the 14 day varieties, weighted interest rates rose 89 basis points to 4.53%, and the turnover increased to 32 billion 100 million yuan. In addition, driven by the high interest rate in the 3 month treasury cash deposit, the 3 month repurchase weighted interest rate rose from 4.1% to 5.8%, up 170 basis points, and rose significantly in various maturity varieties.

In recent two days, the capital price movement was due to the announcement of the prospectus of hydropower in China. Market participants say that even if there is no impact of the new IPO, there will be stage pressure on the end of the season. First, the end of 9 and the end of the three quarter are superimposed. Under the pressure of deposit loan ratio assessment, a new round of bank deposits is unavoidable. Secondly, approaching the National Day holiday, banks will raise funds to cope with holiday demand. In addition, the scale of the six major banks' deposit in October is doubled. Due to long holidays, this part of the funds need to be prepared ahead of schedule. At the same time that the pressure of funds is concentrated, the funds due in late September are obvious. shrink It is expected that the liquidity of the banking system will be tightened again.