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PBOC Drains Net CNY40 Billion In OMOs Wednesday

     BEIJING (MNI) - The People's Bank of China injected CNY70 billion in
seven-day reverse repos, CNY30 billion in 14-day reverse repos and CNY60 billion
in 63-day reverse repos via open-market operations Wednesday, Wind Information,
a Shanghai-based financial data provider, said.
     This resulted in a net drain of CNY40 billion for the day, as a total of
CNY200 billion in reverse repos mature on Wednesday. 
     The CFETS-ICAP money-market sentiment index ended at 43 on Tuesday, up from
38 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 2.6507%, compared with
2.7587% on Tuesday.
--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$MM$]

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