MNI: PBOC Net Drains CNY375.5 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY454.5 billion via 7-day reverse repos, with the rate unchanged at 1.40%. The operation led to a net drain of CNY375.5 billion after offsetting the maturities of CNY830 billion today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.4892% at 10:11 am local time from the close of 1.6645% on Friday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Friday, compared with the close of 47 on Thursday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.