The yield of major interest rate bonds between banks expanded, the yield of 10-year state-issued bonds "25 state-issued 05" rose 1.75bp, the yield of 10-year government bonds "24 interest-bearing government bonds 11" rose 1.85bp, the yield of 30-year government bonds "24 special government bonds 06" rose 1.1bp, and the yield of 7-year government bonds "24 interest-bearing government bonds 18" rose 2.5bp.
The yield of inter-bank main interest rate bonds has expanded, the yield of 10-year government bond active bonds "24 interest-bearing government bonds 11" and 30-year government bond active bonds "24 special government bonds 01" both fell by 1.25bp, the yield of 5-year state-issued active bonds "24 country-issued 08" fell by 3.25bp, and the yield of 1-year agricultural bond active bonds "24 agricultural development 21" fell by 4bp.
The yield of interbank main interest rate bonds increased, with the largest adjustment for 5-7 years. The yield of 10-year Treasury active bonds "24 interest-bearing Treasury bonds 11" rose by 2.25bp, the yield of 7-year Treasury active bonds "24 interest-bearing Treasury bonds 13" rose by 4.8bp, and the yield of 30-year Treasury active bonds "23 interest-bearing Treasury bonds 23" rose by 1.5bp.
The yield of major interest rate bonds between banks has expanded, the yield of 10-year state-issued active bonds "24 state-issued 10" has declined by 1.3bp, the yield of 10-year government bond active bonds "24 interest-bearing government bonds 04" has declined by 1.25bp, and the yield of 30-year government bond active bonds "23 interest-bearing government bonds 23" has declined by 1.9bp.
On July 22nd, the article said that in addition to the adjustment of the invite tenders method, the interest rate of the 7-day repurchase operation in the open market has also been reduced from the previous 1.8% to 1.7%, which is the first adjustment since August 2023. Experts said that the reduction of policy interest rates is expected to be gradually transmitted to the real economy through financial marekt, which will promote the reduction of comprehensive financing costs, consolidate the posi...