Three-year central votes fall by 2 basis points are being repurchase repeatedly absent

Xinhua Shanghai May 6, the central bank 6th in the open market issue of the 3-year vote on the winning rate than the last fall two basis points, 2.72%. The circulation broke through hundreds of billions of dollars, reaching 110 billion yuan.　　At the same time the issue of the March-year central vote rate was flat at 1.4088%.　　The 3-year central vote interest rate continued to fall mainly because of market demand factors.　　On the one hand, the 3-year central vote volume issue, on the other hand, the bank did not in the open market for the normal 91-day repurchase operation, and in Tuesday, the normal operation of the 28-day repurchase also temporarily farewell to the market.　　China Merchants Bank analyst Liu Junyu that, on the one hand, the central bank intends to lengthen the lock-up period, on the other hand, short-term repurchase yields relatively low, resulting in less real demand. The amount of money due this week is 122 billion yuan, a small increase from last week's 85 billion yuan maturity.　　and Tuesday, Thursday total withdrawal of funds amounted to 144 billion yuan, of which 1-year central votes 20 billion yuan, March central votes 14 billion yuan. Despite the lack of repurchase, the central bank still achieved a net return of 22 billion yuan a week. The figure was significantly lower than the net return of 115 billion yuan last week, but the liquidity of the central bank has not diminished as the capital freeze brought about by the increase in reserve requirements is considered.