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Free AccessPBOC 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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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.