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USDCAD TECHS

Trend Conditions Remain Bullish

US TSY FUTURES

Extending Lows After the Close

US TSYS SUMMARY

Reversing Overnight Risk-Off Tone

AUDUSD TECHS

Remains Vulnerable

US

Pres Biden Budget Proposal Ests

EURJPY TECHS

Needle Still Points South

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The People's Bank of China (PBOC) injected CNY100 billion via one-year medium-term lending facility (MLF) with the rate unchanged at 2.95% on Monday. This aims to roll over the CNY100 billion of MLFs maturing today and fully meet liquidity needs, the PBOC said on its website.

The PBOC also injected CNY10 billion via 7-day reverse repos at 2.20%. In total, the central bank net injected CNY90 billion as CNY20 billion repos mature today.

  • The 7-day weighted average interbank repo rate for depository institutions (DR007) increased to 2.2000% at 09:27 local time from the close of 1.9942% on last Friday: Wind Information.
  • The CFETS-NEX money-market sentiment index closed at 45 on last Friday vs 38 on last Thursday. A higher index indicates strengthened market expectations for tighter liquidity.