Free Trial
AUD

AUD/USD Off 0.75% From Late NY Highs

JGBS

Flattening Extends Further

PHP

Grinding Away From Record Lows

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: PBOC Net Drains CNY40 Billion via OMOs Tuesday

True

The People's Bank of China (PBOC) injected CNY2 billion via 7-day reverse repos with the rate unchanged at 2.10% on Tuesday. The operation has led to a net drain of CNY40 billion after offsetting the maturity of CNY2 billion repos and CNY40 billion Treasury deposits at commercial banks 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 1.6901% at 09:53 am local time from the close of 1.2850% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 48 on Monday vs 42 on Friday.
105 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The People's Bank of China (PBOC) injected CNY2 billion via 7-day reverse repos with the rate unchanged at 2.10% on Tuesday. The operation has led to a net drain of CNY40 billion after offsetting the maturity of CNY2 billion repos and CNY40 billion Treasury deposits at commercial banks 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 1.6901% at 09:53 am local time from the close of 1.2850% on Monday.
  • The CFETS-NEX money-market sentiment index closed at 48 on Monday vs 42 on Friday.