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PBOC Injects Net CNY150 Billion In OMOs Monday

     BEIJING (MNI) - The People's Bank of China injected CNY80 billion in
seven-day reverse repos, CNY70 billion in 14-day reverse repos and CNY30 billion
in 63-day reverse repos via open-market operations Monday, Wind Information, a
Shanghai-based financial data provider, said.
     This resulted in a net injection of CNY150 billion for the day, as a total
of CNY30 billion in reverse repos mature on Monday. 
     A total of CNY66.5 billion in Medium-term Lending Facility (MLF) loans also
mature on Monday. Taking account of maturing MLF loans, the PBOC injected a net
of CNY83.5 billion into the banking system Monday.
     A total of CNY340 billion in reverse repos will mature this week. An
additional CNY122.5 billion in MLF loans will mature Thursday while CNY80
billion in treasury deposits will mature Friday.
     The CFETS-ICAP money-market sentiment index ended at 47 on Friday, slightly
down from 49 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 2.6514%, compared with
2.9438% 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$MM$]

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