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CHINA: Central Bank Injects Liquidity via OMO.

CHINA
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • PBOC sold CNY1.1575tn of 14 days reverse repo at 1.65%.
  • Today’s maturities CNY959.5bn
  • Net liquidity injection CNY198bn.
  • The PBOC monitors and maintains liquidity in the interbank system through the issuance of 7 and 14 day repo.
  • 14-day REPO is issued today due to the upcoming Lunar Holidays.
  • The Lunar New Year holidays sees China out Jan 28-Feb 04 inclusive and it is likely that the Central Bank will provide liquidity leading into the holiday period which could see the resumption of the upward trend.
  • The CFETS Pledged Repo Deposit Institutions 7 Day Weighted Average (Rates Bond) Index yield is at 1.6584,  14-day 2.6581 and O/N 1.7532 marking lower yields for each maturity. 
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  • PBOC sold CNY1.1575tn of 14 days reverse repo at 1.65%.
  • Today’s maturities CNY959.5bn
  • Net liquidity injection CNY198bn.
  • The PBOC monitors and maintains liquidity in the interbank system through the issuance of 7 and 14 day repo.
  • 14-day REPO is issued today due to the upcoming Lunar Holidays.
  • The Lunar New Year holidays sees China out Jan 28-Feb 04 inclusive and it is likely that the Central Bank will provide liquidity leading into the holiday period which could see the resumption of the upward trend.
  • The CFETS Pledged Repo Deposit Institutions 7 Day Weighted Average (Rates Bond) Index yield is at 1.6584,  14-day 2.6581 and O/N 1.7532 marking lower yields for each maturity. 
image