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MNI: PBOC Injects Net CNY260 Billion In OMOs Monday

     BEIJING (MNI) - The People's Bank of China injected CNY120 billion in
seven-day reverse repos, CNY110 billion in 14-day reverse repos and CNY70
billion in 28-day reverse repos via open-market operations Monday, Wind
Information, a Shanghai-based financial data provider, said.
     This resulted in a net injection of CNY260 billion for the day, as a total
of CNY40 billion in reverse repos mature on Monday. 
     A total of CNY350 billion in reverse repos will mature this week.
     The CFETS-ICAP money-market sentiment index ended at 42 on Friday, down
from 46 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 2.6578%, compared with
2.9185% 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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