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Issuance Plan Eyed

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Commodity Related Currencies Bid

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Positive Start

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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 Wednesday. The operation left liquidity unchanged given it netted off CNY10 billion reverse repos maturing 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) increased to 2.3730% at 09:36 am local time from the close of 2.3228% on Tuesday.
  • The CFETS-NEX money-market sentiment index closed at 41 on Tuesday vs 54 on Monday.