Free Trial

MNI: PBOC Injects Net CNY40 Billion In OMOs Tuesday

     BEIJING (MNI) - The People's Bank of China injected CNY80 billion in
seven-day reverse repos and CNY70 billion in 28-day reverse repos via
open-market operations Tuesday, Wind Information, a Shanghai-based financial
data provider, said.
     This resulted in a net injection of CNY40 billion for the day, as a total
of CNY110 billion in reverse repos mature on Tuesday. 
     The CFETS-ICAP money-market sentiment index ended at 51 on Monday, up from
47 at Friday'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 9:45a.m., Beijing time.
     The benchmark seven-day repo average was last at 2.6727%, compared with
2.8706% on Monday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.