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Subdued Start To The Week; LPR Tomorrow


The PBOC matched maturities with injections at OMO operations today, repo rates have stayed within recent ranges; the overnight repo rate is up 9bps at 2.0989%, the 7-day repo rate is down marginally at 2.1487%. Futures have stayed within Friday's range but are slightly lower on the session, shaking off the general risk off tone of the session. 10-Year future down 0.5 ticks on the session at 99.365. Elsewhere, Huarong Asset Management has said it will redeem a $500m perpetual dollar note in September, the announcement has seen the firm's debt gain.

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