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CHINA: Central Bank Drains Liquidity via OMO. 

CHINA
  • The PBOC issued CNY697bn of 7-day reverse repo at 1.5% in this morning’s operations.
  • Today’s maturities CNY1413.5bn of 14-day reverse repo and CNY.
  • Net liquidity withdrawal CNY716.5bn.
  • The PBOC controls and maintains liquidity through the issuance of 7-day reverse repo.
  • Leading into the Lunar New Year holiday, the PBOC issued 14-day reverse repo to meeting the maturity requirements created by the holiday.
  • The CFETS pledged repo institutions 7-day index value printed today at 1.75%.
  • China’s overnight repo rates increased to 1.7712%, and the 7-day repo rate declined to 1.8041%
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  • The PBOC issued CNY697bn of 7-day reverse repo at 1.5% in this morning’s operations.
  • Today’s maturities CNY1413.5bn of 14-day reverse repo and CNY.
  • Net liquidity withdrawal CNY716.5bn.
  • The PBOC controls and maintains liquidity through the issuance of 7-day reverse repo.
  • Leading into the Lunar New Year holiday, the PBOC issued 14-day reverse repo to meeting the maturity requirements created by the holiday.
  • The CFETS pledged repo institutions 7-day index value printed today at 1.75%.
  • China’s overnight repo rates increased to 1.7712%, and the 7-day repo rate declined to 1.8041%
image