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EQUITIES

Flat To Higher In Asia

GOLD

Steady After Powell Pressure

US TSY FUTURES

TYH2 Blocked

OIL

Firmer Since Settlement

CROSS ASSET

Commodity-Tied Dollar Bloc Leads

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The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with the rates unchanged at 2.2% on Monday. The operations lead to a net drain of CNY10 billion after offsetting the maturity of CNY20 billion reverse 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 2.2000% at 09:26 am local time from the close of 2.1174% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 38 on Friday, compared with the close of 40 on Thursday.