Bank Capital Is Relatively Abundant, &Nbsp; The Central Bank Is Restarting Its 3 Year Central Bank Today.

With the coming of October, the tension of market funds has eased.

In October 12th, the trend of interbank pledged repo rate continued the first two days, and continued to fall overnight.

Analysts pointed out that this month's funding situation may be relatively abundant.

The central bank announced that it will issue a 7 billion and 3 month central bank vote today and restart the 3 year central bank vote, with a quota of 20 billion.

Relatively loose funds

Yesterday, the interbank pledged repo rate fell 44 basis points to 3%, 7 days varieties fell more than 80 basis points to 3.34%, 14 days varieties fell more than 40 basis points to 3.95%.

In September 30th, overnight varieties were once.

A currency trader in a commercial bank in Southern China believes that such a fall is a normal callback, and the current financial position is still relatively good.

Datong securities bond researcher Xu Hong told the "daily economic news" reporters, because everyone has cash demand, consciously holding cash, cash is outflow, but after the festival, this part of the capital city back to commercial banks, leading to the commercial bank capital chain to ease before the holiday.

There is also a quarter check factor before the holiday. Now this factor has passed.

But Xu Hong also believes that the funds will not be very loose in October. Although the possibility of raising interest rates and reserve ratio is not very large, the impact of the new deposit reserve policy has not been eliminated.

The bank traders also believe that there will be a deposit in the commercial banks next week, which may also affect the financial situation to a certain extent.

Last month, the major commercial banks began to follow the rules.

The foregoing bank traders also think that many banks will make a capital preparation ahead of time, so the real payment does not cause financial strain.

Another reason is that the central bank's open market operation has not taken too much money out of the market.

Restart three year central bank ticket

Yesterday, the central bank announced that it will issue 7 billion and 3 - month central bank and 20 billion and 3 - year central bank votes today.

Relevant data show that the central bank restarted the 3 year central bank's votes, which was nearly 2 months from the recent 1 billion yuan 3 year central bank vote in August 19th.

In its open market operation on Tuesday, the central bank issued 100 billion one-year central bank votes and 90 billion repo.

Data show that in October, the funds expended in the open market were 377 billion yuan, and the funds expended in the open market were 148 billion yuan this week, and the 139 billion yuan was due in the first week of October.

In the past 12 weeks, the central bank has invested more than 500 billion yuan in the open market.

"The central bank's current open market operation is no longer based on withdrawal, but through maintaining open market operations to maintain a stable level of capital," Xu Hong said. "At present, the market has entered an observation period, and the CPI in September will not drop very fast, but the 4 quarter should have an overall decline compared to before.

The possibility of raising interest rates and raising reserve requirements in October is not very likely.

Before the third quarter of the central bank announced the Beijing Bank (9.66, -0.04, -0.41%) home and entrepreneurs survey results show that most bankers believe that monetary policy is "tight".

It is expected that monetary policy will remain stable in the next quarter and the rate hike is also expected to weaken.