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MNI: PBOC Injects Net CNY20 Billion In OMOs Monday

     BEIJING (MNI) - The People's Bank of China injected CNY70 billion in
seven-day reverse repos, CNY20 billion in 14-day reverse repos and CNY10 billion
in 63-day reverse repos via open-market operations Monday, Wind Information, a
Shanghai-based financial data provider, said.
     This resulted in a net injection of CNY20 billion for the day, as a total
of CNY80 billion in reverse repos mature on Monday. 
     There will be a total of CNY640 billion in reverse repos maturing this
week. A total of CNY80 billion in treasury deposits will mature on Thursday.
     The CFETS-ICAP money-market sentiment index ended at 42 on Friday, down
from 47 at Thursday's close. The lower the reading the better the liquidity
conditions in the interbank market.
     The PBOC is expected to make an official announcement on its official
website about this morning's OMO around 9:45 a.m., Beijing time. 
     The benchmark seven-day repo average was last at 2.6531%, compared with
2.8805% on Friday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: rich.dirks@marketnews.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

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