Hard currency loose tight liquidity inflection point not difficult winavi

Hard currency loose tight liquidity to fund exposure: Sina inflection point before the arrival of the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! Hard currency loose tight liquidity inflection point not difficult – reporter Wang Jiao since last week, the central bank open market operations to net invested, the last 7 consecutive trading days the cumulative net invested capital has more than 800 billion yuan. Although the central bank "care" of love and truth, capital and margin also showed improvement in the situation, but the overall picture is still tight. Market participants pointed out that in the cross section, cross season, quasi payment, MPA assessment and other factors under the perturbation, the short-term funds face pressure is still large, liquidity risk can not be ignored, still need the central bank to provide liquidity support. Overall, although the central bank intends to weaken the mechanism of rolling short end funds, plus leverage will, but funds face care stable intention is still apparent, the current market for the quarter liquidity concerns is not expected in the capital side the central bank continued to "pay" will achieve a smooth cross quarter. Continued net invested capital support for 21 days, the central bank to carry out 120 billion yuan 7 days in the open market repurchase and 80 billion yuan 28 days period reverse repurchase operation, the day of the open market 80 billion yuan repurchase expires, the net capital invested 120 billion yuan, for seventh consecutive trading days of net invested capital. In early September after a continuous net return of funds, since last Monday (September 12th), the central bank open market operations to turn the net. Recently, by the Mid Autumn Festival National Day holiday approaching the point at the end of the season, prospective payment, MPA assessment and other factors, capital presents obvious tight situation, the central bank to increase capital invested in line with market expectations. According to statistics, the Mid Autumn Festival on September 12th to 14, considering the postponed delivery bill expires, the central bank open market operations respectively, the net capital invested 150 billion 100 million yuan, 100 billion yuan and 135 billion yuan; a small holiday after the central bank to continue to "pay", the 18 day (Sunday), the central bank volume to carry out 270 billion yuan repurchase operation, still net capital invested 140 billion yuan in the end due to the extended reverse repo hedge. Overall, last week the central bank repurchase operation net invested 170 billion yuan, 85 billion 100 million yuan ticket postponed due to the superposition of 3 months, 60 billion yuan of treasury cash deposit, on the week of net invested capital totaling 315 billion 100 million yuan. The week of September 19th to 21, the central bank in the open market after the implementation of net invested 170 billion yuan, 140 billion yuan, 120 billion yuan; in addition, the central bank also carried out 20 days 3 months 60 billion yuan of treasury cash deposit operations. That is to say, this week the central bank in the open market net invested capital of about 490 billion yuan, nearly 7 day cumulative net invested capital has more than 800 billion yuan. In the central bank continued to invest in the net under the care, despite the tight financial situation is still in, but the marginal improvement trend. As of 21 closing, overnight pledged repo rate last at 2.1861%, in the past two days were down 3.25BP, 1.61BP; the 7 day repo rate after 20 days on the downlink 1.17BP相关的主题文章: