MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

MNI BRIEF: EU Parliament Backs Von Der Leyen For 2nd Term

MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 3.75%

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI: FED BALANCE SHEET TOTAL ASSETS -$16B TO $7.208T IN WEEK

MNI: US TSY TICS NET FLOWS IN MAY +$15.8B

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Inter-bank Liquidity Remains Ample Across The Month

CHINA PRESS
MNI (Singapore)
Metals bulletEM BulletHomepagemarkets-real-timeCommoditiesEmerging Market NewsEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange Bullets

Inter-bank liquidity is generally sufficient and the funding situation will remain stable across the month, Securities Daily reported citing Wang Qing, chief macro analyst from Golden Credit Rating. The People’s Bank of China has kept the amount of open market operations relatively low due to limited demand for cash withdrawals during the May Day holiday, said Wang. The average value of DR007 since April is 1.85%, which is close to the current short-term policy rate of 1.8%, indicating no obvious liquidity demand pressure, the newspaper said citing analysts. The average DR007 will continue to run above 1.8% in May, as fiscal spending moderates due to season factors while the issuance of local government bonds will likely accelerate, said Wang.

119 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Inter-bank liquidity is generally sufficient and the funding situation will remain stable across the month, Securities Daily reported citing Wang Qing, chief macro analyst from Golden Credit Rating. The People’s Bank of China has kept the amount of open market operations relatively low due to limited demand for cash withdrawals during the May Day holiday, said Wang. The average value of DR007 since April is 1.85%, which is close to the current short-term policy rate of 1.8%, indicating no obvious liquidity demand pressure, the newspaper said citing analysts. The average DR007 will continue to run above 1.8% in May, as fiscal spending moderates due to season factors while the issuance of local government bonds will likely accelerate, said Wang.