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2025-07-28 17:31:40
【The Eurozone's funding situation has changed dramatically, overnight deposits have soared, and market liquidity alarms have been sounded?】 ⑴ The latest data from the European Central Bank shows that the use of overnight loan tools has surged from 1 million euros the previous day to 103 million euros. ⑵ At the same time, the deposit volume of overnight deposit tools has also increased from 2.6227 trillion euros to 2.6245 trillion euros, indicating that market liquidity is still abundant. ⑶ This means that the market demand for short-term funds has increased, but most of the funds are still chosen to be deposited in the central bank. ⑷ Although the use of overnight loans has increased significantly, its volume is still insignificant compared to the huge amount of deposits. ⑸ This data reflects that the liquidity structure of funds in the interbank market is undergoing subtle changes. ⑹ In the current macroeconomic environment, the market's cautious attitude towards funds still dominates. ⑺ It is necessary to pay close attention to subsequent data to determine whether this is an early signal of tight market liquidity.
