Free Trial

PBOC Drains Net CNY80 Billion In OMOs Monday

     BEIJING (MNI) - The People's Bank of China injected CNY160 billion in
14-day reverse repos and CNY40 billion in 28-day reverse repos via open-market
operations Monday, Wind Information, a Shanghai-based financial data provider,
said.
     This resulted in a net drain of CNY80 billion for the day, as a total of
CNY280 billion in reverse repos mature on Monday. 
     A total of CNY680 billion reverse repos mature this week. 
     The CFETS-ICAP money-market sentiment index ended at 42 on Friday - down
from 46 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 2.8174%, compared with
2.9533% 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.