One is the central bank through various means are tightening liquidity, another interbank loan interest rate soared, year end funds still continue last week tensions.
December 30, interbank lending rates remain strong overnight interest rates rise, buyback climbed to 5.0996%, set three years in the high! And relatively day rise before 34.08 percentage point, relative to the week before December 24th rose 84.13 percentage point, although its benchmark interest rate on its rise has thrusting function, but the short-term lending money demand intense, financing area still continuation of the last week's tight situation.
In addition, the seven days, while 6.2853% repurchase rates rose up a day earlier 22.90 percentage point, 14 days 6.4358% repurchase rates to rise, a day before 42.91 percentage point. Other long-term interest rates also present rise momentum term, but only 3 months period interest rates fell 0.2 percentage point slightly.
Some analysts said the bank bond repurchase rates gen 3 years the overnight, because the bank to record funds borrowed book on December 31 of digital standards "nice", everybody in this point out the day before appearance concentrates interbank action.
Last week the market financing area began to tight, Christmas before Friday, bank overnightinter-bank rates for several days appear the upward trend, December 23, 7 days of 5.7125% repurchase rates soared to record levels.
But on Monday, Tuesday, financing area have been mild alleviate situation, because interest rate hikes and financial savings small release role, interbank offered rate increase has receded, but this kind of situation, then funds still enters transient tension of interbank offered rate continues to rise all the way.
"Spend the timing - December 31 would be a little bit better, but years has two interest-rate tighter policy big expected exists, then next rates are also than this year some high level, then correspondingly will push the high interbank loan interest rate." Following bonds LiuZiNing securities analysts think.
In addition to the Banks do zhang needs pushing up interbank lending rates, national securities macro analysts Chen wei thinks another reason, bank loans for next year, "reserves at present financing area still pretty nervous before Banks are required to be prepared for loans, actively reserve deposits money so now as it was a scramble funds."
The reporter understands, besides big bank also becomes into to join in rob money ranks, commercial Banks are GeXianShenShou raise period, such as China merchants bank funds to jehu text messaging, hope customers will deposit account idle fund transfer to current day until 2011, jan. 1, end point bank funds hunger is obvious.
In addition, for financial deposit this piece release are limited, and also resulted in bank capital not thirst one reason that "slowly put, in order to avoid sudden lending money next year." Chen wei so analysis, obviously, tighten policy intention is very clear.
Chen wei also said that after the end of the tight financing area will be better, but compared to before looser monetary policy, henceforth funds shortage will become a normal state.
Source "of Chinese textile net"
HongZhen editor: