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MNI: PBOC Skips OMOs; Drains Net CNY30 Bln

     BEIJING (MNI) - The PBOC skipped its open market operations for a second
consecutive day on Tuesday, stating on its website that a relatively high level
of liquidity can absorb maturing reverse repos. That resulted in a net drain of
CNY30 billion, as the same amount of reverse repos matured today, according to
the PBOC.
  - CFETS-ICAP's money-market sentiment index closed at 38 on Monday, up from 32
on Friday;
  - Benchmark 7-day deposit repo average rose to 2.6494% on Tuesday from 2.5696%
on Monday: Wind Information. 
--MNI Beijing Bureau; +86 (10) 8532-5998; email: sherry.qin@marketnews.com
--MNI Beijing Bureau; +86-10-8532-5998; email: beijing@marketnews.com
[TOPICS: M$A$$$,M$Q$$$,MGQ$$$,MN$MM$]

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