Free Trial

PBOC Drains Net CNY100 Billion In OMOs Monday

     BEIJING (MNI) - The People's Bank of China injected CNY60 billion in
seven-day reverse repos and CNY40 billion in 14-day reverse repos via
open-market operations Monday, Wind Information, a Shanghai-based financial data
provider, said.
     This resulted in a net drain of CNY100 billion for the day, as a total of
CNY200 billion in reverse repos mature on Monday. 
     Today is the sixth straight trading day that the PBOC drained liquidity via
its open market operations.
     The CFETS-ICAP money-market sentiment index ended at 37 on Friday - down
from 40 at Thursday'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 2.6518%, compare with
2.9591% on Friday.
--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.