CHINA: Central Bank Withdraws CNY134bn via OMO

The stabilization of money markets and the grind lower in the 10-Yr was enough to bring about a withdrawal of liquidity via this morning's OMO despite a strong pipeline of maturities ahead.  

• The PBOC issued CNY78.3bn of 7-day reverse repo at 1.4% during this morning's operations.
• Today's maturities CNY337.3bn.
• Net liquidity withdraws CNY259bn.
• The PBOC monitors and maintains liquidity in the interbank system through the issuance of reverse repo.
• The CFETS Pledged Repo Deposit Institutions 7 Day Weighted is at 1.40%, from prior close of 1.45%.
• The China overnight interbank repo rate is at 1.31%, from the prior close of 1.35%.

• The China 7-day interbank repo rate is at 1.42%, from the prior close of 1.46%.

  

• CHINA PBOC CONDUCTS CNY78.3 BLN VIA 7-DAY REVERSE REPO MON

• CHINA SETS YUAN CENTRAL PARITY AT 7.0867 MON VS 7.0880