On November 28, the People's Bank of China released the financial market operation in October 2024. From the perspective of bond market issuance, in October, a total of 5236.17 billion yuan of various types of bonds were issued in the bond market. Treasury bond issued 1102.7 billion yuan, local government bonds issued 683.13 billion yuan, financial bonds issued 785.21 billion yuan, corporate credit bonds issued 942.52 billion yuan, credit asset-backed securities issued 401.1 billion yuan, and interbank deposit receipts issued 1641.5 billion yuan. As of the end of October, the bond market had a custody balance of 171.3 trillion yuan. Among them, the interbank market custody balance is 15.06 trillion yuan, and the exchange market custody balance is 20.7 trillion yuan. In terms of securities, the trust balance of treasury bond is 33.1 trillion yuan, the trust balance of local government bonds is 45.0 trillion yuan, the trust balance of financial bonds is 40.5 trillion yuan, the trust balance of corporate credit bonds is 32.6 trillion yuan, the trust balance of credit asset-backed securities is 1.2 trillion yuan, and the trust balance of inter-bank deposit receipts is 17.7 trillion yuan. The balance of bond custody at commercial bank counters is 111.41 billion yuan. From the perspective of the operation of the bond market, in October, the interbank bond market saw a spot transaction volume of 25.5 trillion yuan, with an average daily transaction volume of 1.34089 trillion yuan, an increase of 17.6% year-on-year and 1.2% month on month. The trading volume of bonds in the exchange bond market is 3.5 trillion yuan, with an average daily trading volume of 196.38 billion yuan. There were 77000 transactions of commercial bank counter bonds, with a total transaction amount of 40.87 billion yuan. From the perspective of the opening up of the bond market, as of the end of October, the custodian balance of overseas institutions in China's bond market was 4.29 trillion yuan, accounting for 2.5% of the custodian balance in China's bond market. Among them, overseas institutions have a custody balance of 4.25 trillion yuan in the interbank bond market; In terms of securities, overseas institutions hold RMB 2.10 trillion of treasury bond, accounting for 49.4%, inter-bank deposit receipts of RMB 1.06 trillion, accounting for 24.9%, and policy bank bonds of RMB 0.92 trillion, accounting for 21.6%. From the perspective of the operation of the money market, in October, the interbank lending market had a transaction volume of 8.4 trillion yuan, a year-on-year decrease of 2.1% and a month on month increase of 10.2%; Bond repurchase transactions amounted to 13.86 trillion yuan, an increase of 18.4% year-on-year and 8.8% month on month. Exchange standard bond repurchase transactions amounted to 42.4 trillion yuan, an increase of 27.6% year-on-year and 4.18% month on month. In October, the weighted average interbank lending rate was 1.59%, a decrease of 19 basis points compared to the previous month; The weighted average interest rate for pledged repo was 1.65%, a decrease of 18 basis points compared to the previous period. (New Society)