CHINA:  Central Bank Withdraws Liquidity via OMO

Feb-14 01:27
  • The PBOC issued CNY98.5bn of 7-day reverse repo at 1.5% in this morning’s operations.
  • Maturities today CNY183.7bn.
  • Net liquidity withdrawal CNY85.2bn
  • The PBOC controls and maintains liquidity in the interbank market via the issuance of reverse repo.
  • The CFETS Pledged Repo Deposit Institutions 7 Day Weighted Average Index was 11bps lower at 1.70%.
  • China’s Interbank Overnight Repo rate was lower at 1.8642% (from 1.90% yesterday).
  • China’s Interbank 7-day Repo rate was higher at 1.9583% (from 1.90% yesterday)
image

Historical bullets

MNI: CHINA PBOC CONDUCTS CNY959.5 BLN VIA 7-DAY REVERSE REPO TUES

Jan-15 01:22
  • CHINA PBOC CONDUCTS CNY959.5 BLN VIA 7-DAY REVERSE REPO TUES

CNH: USD/CNY Fixing Remains Steady

Jan-15 01:19

The USD/CNY fix printed at 7.1883, versus the BBG market consensus of 7.3300. 

  • This keeps the fixing outcome close to unchanged, while the error term widened slightly to -1417pip,s but remains within recent ranges.
  • USD/CNH is little changed in the first part of Wednesday dealings, last near 7.3450. 

CHINA SETS YUAN CENTRAL PARITY AT 7.1883 WEDS VS 7.1878

Jan-15 01:15
  • CHINA SETS YUAN CENTRAL PARITY AT 7.1883 WEDS VS 7.1878