Free Trial
USDCAD TECHS

Recent Gains Considered Corrective

AUDUSD TECHS

Trend Needle Points North Despite Recent Pullback

AUDUSD TECHS

Trend Needle Points North Despite Recent Pullback

US TSYS

Late SOFR/Treasury Option Roundup

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: PBOC Net Drains CNY20 Billion via OMOs

     BEIJING (MNI) - The People's Bank of China (PBOC) injected CNY10 billion
via 7-day reverse repos on Thursday, adding liquidity for the fourth day. This
results in a net drain of CNY20 billion given that CNY30 billion of reverse
repos matured today, according to Wind Information.
- The PBOC also injected a total of CNY500 billion of medium-term lending
facility (MLF), so as to offset the maturity of CNY463 billion of MLF today.
- The injections aim to offset the impact of MLF and reverse repos maturing, as
well as government bond issuance, the PBOC said.
- The 7-day weighted average interbank repo average rate for depository
institutions (DR007) rose to 2.6300% at 10:04 local time from the close of
2.4463% on Wednesday: Wind Information. 
- The CFETS-NEX money-market sentiment index closed at 37 on Wednesday vs 38 on
Tuesday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com
--MNI Sydney Bureau; +61 405322399; email: lachlan.colquhoun.ext@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.