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The PBOC injected CNY 100bn of 14-day reverse repos at 2.35%, the injection helped subdue repo rates; the overnight repo rate is in line with recent levels at 1.7018%, while the 7-day repo rate is at 1.7452% after hitting highs above 2.60% yesterday. Futures are higher, 10-Year up 7 ticks at 100.00, approaching Friday's high of 100.055. Elsewhere focus remains on Evergrande, the firm remains silent on its $83m dollar bond interest payment that was due last Thursday, while there are remains that another real estate firm Sunac has sought help from local authorities.