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PBOC Injects Net CNY10 Billion In OMOs Tuesday

     BEIJING (MNI) - The People's Bank of China injected CNY50 billion in
seven-day reverse repos via open-market operations Tuesday, Wind Information, a
Shanghai-based financial data provider, said.
     This resulted in a net injection of CNY10 billion for the day, as a total
of CNY40 billion in reverse repos mature on Tuesday. 
     Today's net injection is the first via OMOs after the PBOC drained
liquidity via OMOs each of the previous six trading days. 
     The CFETS-ICAP money-market sentiment index ended at 64 on Monday - well
above the reading of 37 at Friday's close. The higher the reading the worse 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 2.6787%, compare with
2.8961% on Monday.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@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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