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PBOC Drains Net CNY100 Billion In OMOs Wednesday

     BEIJING (MNI) - The People's Bank of China injected CNY80 billion in
seven-day reverse repos and CNY50 billion in 14-day reverse repos via
open-market operations Wednesday, Wind Information, a Shanghai-based financial
data provider, said.
     This resulted in a net drain of CNY100 billion for the day.
     A total of CNY230 billion in reverse repos mature on Wednesday. 
     The CFETS-ICAP money-market sentiment index ended at 61 on Tuesday -- down
slightly from 64 at Monday'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 2.6516%, compared with
2.9322% on Tuesday.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@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$MM$]

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