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PBOC Drains Net CNY10 Billion In OMOs Tuesday 

     BEIJING (MNI) - The People's Bank of China injected CNY40 billion in
seven-day reverse repos and CNY20 billion in 14-day reverse repos via
open-market operations Tuesday, Wind Information, a Shanghai-based financial
data provider, said.
     This resulted in a net drain of CNY10 billion for the day, as a total of
CNY70 billion in reverse repos mature on Tuesday. 
     The CFETS-ICAP money-market sentiment index ended at 58 on Monday - up from
50 at Friday's close -- as the PBOC drained a net of CNY50 billion via OMOs from
the interbank market on Monday. The lower the reading the better the liquidity
conditions in the interbank market.
     The People's Bank of China and Ministry of Finance announced that they had
deposited at commercial banks 3-month treasury cash bills totaling CNY80 billion
at 4.5% on Friday, up 30 basis points from last such deposit made on March 16,
when the rate was 4.2%.
     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 2.7487%, compared with
2.8795% on  Monday.
--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com
--MNI Beijing Bureau; +86 (10) 8532-5998; email: rich.dirks@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com
[TOPICS: MMQPB$,M$A$$$,M$Q$$$,MN$MM$]
China Market NewsPolicy NewsPBOCAPACChinaJapanAustraliaNew ZealandRegionCentral Bank News
China Market NewsPolicy NewsPBOCAPACChinaJapanAustraliaNew ZealandRegionCentral Bank News
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