Banks have recently increased the issuance of inter-bank certificates of deposit, why not worry about selling? Industry: Under the expectation of interest rate cuts and RRR cuts this year, there is a strong willingness to "rush" the allocation of funds

January 22nd news, data show that in the first two weeks of January, the interbank certificate of deposit issued 163.83 billion yuan and 448.96 billion yuan, respectively, to achieve net financing of 119.29 billion yuan and 65.17 billion yuan; last week, the scale of interbank certificate of deposit issuance reached 495 billion yuan, and the net financing amount also reached 163.88 billion yuan, a significant increase over the same period in previous years. It is worth noting that there is "no shortage of buyers" for interbank certificates of deposit. A person from a bank's wealth management subsidiary told reporters that the current 1-year interbank certificate of deposit interest rate is relatively high and has configuration value; under the expectation of interest rate cuts and reserve requirements during the year, funds are more willing to "rush" to allocate, and they all want to buy more interbank certificates of deposit before interest rate cuts to lock in higher allocation strategy returns. At the same time, recent insurance asset management and other allocation funds have also increased their holdings of inter-bank certificates of deposit relatively high. The reason is that compared with the recent fluctuations in bond prices, the price fluctuations of inter-bank certificates of deposit are significantly lower, which helps the net value fluctuations of various asset management products to be more stable and fits the current investor preference for low-volatility investment in asset management products.