CHINA: Central Bank Injects Liquidity During Morning’s OMO.
Jan-24 01:31
- PBOC sells CNY284bn of 14-day reverse repo at 1.65%.
- Today’s maturities CNY105bn.
- Net liquidity injection CNY179bn.
- The PBOC controls and maintains liquidity through the issuance of reverse repo in its daily operations.
- Typical issuance is 7-day repo but given the Lunar New Year holidays next week, 14-day repo is issued.
- The Lunar New Year holidays sees China out Jan 28-Feb 04 inclusive and it is likely that the Central Bank will provide liquidity leading into the holiday period .
- The CFETS Pledged Repo Deposit Institutions 7 Day Weighted Average (Rates Bond) Index yield is at 1.6666, 14-day interbank published repo rate 2.60 and O/N 1.71 marking lower yields overnight.
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MNI: CHINA PBOC CONDUCTS CNY192.3 BLN VIA 7-DAY REVERSE REPOS WEDS
Dec-25 01:22
- CHINA PBOC CONDUCTS CNY192.3 BLN VIA 7-DAY REVERSE REPOS WEDS
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Dec-25 01:21
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