1 year commercial stable spreads upside down short-term interest rates five weeks hard
14th Central Bank tender of 1-year bills interest rates held steady again in 2.3437%, markets expect no difference, because the volume of 1 billion yuan issue had been extended for three weeks. Analysts said, the Central Bank has not raised the commercial release rates, rigid pvc board spreads upside down intensified, resulting in the release lacks a sufficient number of market caution "catalyst".??Central Bank statistics show that open market maturity funds 52 billion yuan this week, 14th bid of 1-year bills only hedged amount of 1 billion yuan, PVC trim board and last week's repurchase operation is not being extended. Market expects NET put the open market this week will be the probability of the event.??At a time when reserve assessment approach the end of the due date and banking institutions high funding requirements overlap, leading 14th 7-day repurchase interest rates soared up to 71 basis points, rose also hit a high since September 26 this year. In this regard, industry insiders said, waterproof foam board this stage funds in short supply situation is to appear. Compared with the actual situation of the Fund, the Central Bank released "signal" brought about by the tightening effect is more obvious.