Trial now
US EURODLR FUTURES

Light Selling In EDH1 & EDU1

FOREX

Antipodean Pairs Give Back Some Gains

US TSYS

Japanese holiday Limits Early Asia Trade

CHINA PRESS

China Urges Stable Yuan, More Open Fin'l Markets

The People's Bank of China (PBOC) injected CNY40 billion via 7-day reverse repos with rates unchanged at 2.2% on Friday. This resulted in a net drain of CNY20 billion given the maturity of CNY10 billion of reverse repos and CNY 50 billion of Treasury's deposits at commercial banks today, according to Wind Information.

  • The operations aim to maintain stable liquidity at the end of the year, the PBOC said on its website.
  • The 7-day weighted average interbank repo rate for depository institutions (DR007) rose to 2.1565% at 09:22 am local time from the close of 1.4336% on Thursday.
  • The CFETS-NEX money-market sentiment index closed at 38 on Thursday vs 31 on Wednesday. A higher index indicates decreased market expectations for tighter liquidity.
True