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GBP562.500mln of the 0.25% Jul-31 gilt sold


Repo Reference Rates -- SOFR Dips to 0.03%

The People's Bank of China (PBOC) injected CNY10 billion via 7-day reverse repos with rates unchanged at 2.2% on Monday. This keeps the liquidity unchanged after offsetting the maturity of CNY10 billion 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) jumped to 2.2289% at 09:28 am local time from the close of 2.1798% on Friday.
  • The CFETS-NEX money-market sentiment index closed at 39 on last Friday vs 38 on last Thursday. A lower index indicates decreased market expectations for tighter liquidity.