The Central Bank Has Made Great Efforts To Stabilize Its &Nbsp, And Ten Of Its Total Investment Has Reached 399 Billion Yuan.

As of this week, the central bank has been putting money into the market through the open market for ten consecutive weeks (short for ten consecutive investments), with a scale of 399 billion yuan, enough to offset a proposed freezing fund.

Despite the constraints of many factors, the central bank's initiatives still keep the market open.

Industry experts believe that as the funds for the purchase of China's water conservancy will be frozen next week, and the interweaving of multiple factors will result in a tight fund. The central bank will suspend the use of the 7 day repo and continue to invest in the market.

On Thursday, the central bank issued a 1 billion yuan 3 month central bank ticket through the open market, with a circulation of 1 billion yuan lower than the central bank, and the winning rate was flat at 3.1618% for sixth consecutive weeks.

The central bank suspended the repo operation on that day.

According to this calculation, the central bank spent tenth weeks in a row this week and invested 48 billion yuan in funds.

"The issuance of central bank tickets and the central bank's recent efforts to stabilize the market through the open market central bank operation"

On Tuesday, the issuance rate of the 1 billion yuan 1 year central bank has fallen to 3.5840% in sixth consecutive weeks, and the 30 billion yuan 7 day repurchase operation on the same day.

This week the open market central bank and the repurchase expired release funds amounted to 80 billion yuan, a decrease of 59 billion yuan compared to last week's 139 billion yuan.

Accordingly, if we do not carry out other operations this week, the central bank will invest 48 billion yuan in net capital.

So far, the central bank has made net investment in the open market for ten consecutive weeks, totaling 399 billion yuan.

An analysis of the fixed income Department of a brokerage firm showed that yesterday's performance in the money market showed that the price of money market (1751.20,9.50,0.55%) tends to be stable after several days of continuous rise.

The funds for the purchase of water resources in China are expected to start freezing on 26 and 27 September, lasting for 2 to 3 days.

Therefore, next week's money market funds will be obvious.

The yield curve of the central debt shows that the yield of the 3 - month central bank in the two tier market is the latest 3.60%, which is higher than the issuing interest rate by about 44 basis points. The two - level market 1 - year central rate yield is 3.98%, which is higher than the issuing interest rate by about 40 basis points.

The securities brokers said that the issuance scale of the central bank this week was an important factor for the stable interest rate, but it also conveyed a signal that the central bank hoped that the interest rate of the central bank would remain stable.

This week's 1 - and March central issue scale returned to the level of 1 billion yuan. It also showed that the central bank intends to relax the operation of the open market and hedge the capital market tightening due to the issuance of new shares.

Considering the tightening of funds at the end of the quarter, the open market operation or continuation of net investment will be held next week.