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PBOC Injects Net CNY180 Billion In OMOs Wednesday

     BEIJING (MNI) - The People's Bank of China injected CNY150 billion in
seven-day reverse repos and CNY130 billion in 14-day reverse repos via
open-market operations Wednesday, Wind Information, a Shanghai-based financial
data provider, said.
     This resulted in a net injection of CNY180 billion for the day as a total
of CNY100 billion in reverse repos mature on Wednesday. 
     Today is the first day since last Thursday that the PBOC made a net
injection via its OMO.
     The CFETS-ICAP money-market sentiment index ended at 65 on Tuesday -
jumping from 48 at Monday's close -- because of fewer net injections by the PBOC
recently and the starting of tax payments and reserve payments for the month.
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 2.7675%, compared with
2.8455% on Wednesday.
--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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