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Commodity-Tied Dollar Bloc Leads

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Cheaper On Wider Impetus

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YM Off Lows, Trouble Staying Offered In Wake Of GDP

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VIEW: BNP Paribas: Faster Tapering

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The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rate unchanged at 2.2% on Tuesday. This keeps the liquidity unchanged after offsetting the maturity of CNY10 billion repos today, according to Wind Information.

  • The operation aims to keep liquidity reasonable and ample, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.2279% at 09:28 am local time from the close of 2.1649% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 57 on Monday vs 38 on Friday.