Policy

PBOC Injects Net CNY40 Billion In OMOs Monday

Date Oct 30 2017 17:31:05

BEIJING (MNI) - The People's Bank of China injected CNY70 billion in seven-day reverse repos, CNY30 billion in 14-day reverse repos and CNY50 billionin 63-day reverse repos via open-market operations Monday, Wind Information, aShanghai-based financial data provider, said.

 This resulted in a net injection of CNY40 billion for the day, as a totalof CNY110 billion in reverse repos mature on Monday. The PBOC has injected netliquidity in 10 of the last 12 trading days and left liquidity unchanged the other two.

  The PBOC has explained that it is seeking to offset the effects of large tax payments and expiring reverse repos this month to maintain a stable liquidity level.

   A total of CNY800 billion in reverse repos will mature this week. And a total of CNY207 billion in medium-term lending facilities (MLF) loans will mature this Friday.

   The CFETS-ICAP money-market sentiment index ended at 56 on Friday, barely changed from 55 at Thursday's close. The lower the reading the better the liquidity conditions in the interbank market.

   The PBOC is expected to make an official announcement on its official website about this morning's OMO around 9:45a.m., Beijing time.

   The benchmark seven-day repo average was last at 2.6985%, compared with 2.8617% on Friday.

 

Edited by SHMET

PBOC Injects Net CNY90 Bln In OMOs Friday; New 2-Month Repos

Date Oct 27 2017 15:15:49

BEIJING (MNI) - The People's Bank of China injected CNY60 billion inseven-day reverse repos, CNY30 billion in 14-day reverse repos and CNY50billion in 63-day reverse repos via its open-market operations Friday, Wind Information,a Shanghai-based financial data provider, said.

This resulted in a net injection of CNY90 billion for the day, as a totalof CNY50 billion in reverse repos mature on Friday.

This is the first time that the PBOC used a two-month (63-day) reverse repos in its open market operations.

"The two-month reverse repos fills in the space between reverse repos and Medium-term Lending Facility  instruments , as the longest reverse repo before was 28-day, while the shortest MLF loan has a duration of three months," China International Capital Corporation said in a note on Thursday. "The aim is tostabilize liquidity condition rather than raise borrowing costs for the banking system."

The new type of reverse repos is in line with the PBOC's second quarter monetary policy report, which mentioned the central bank would research and introduce reverse repos with new durations to improve the stability of liquidity conditions and direct financial institutions to optimize the term structure of their assets and liabilities.

The PBOC injected a total of CNY390 billion in liquidity via reverse repos this week.

The CFETS-ICAP money-market sentiment index ended at 55 on Thursday, up from 45 at Wednesday's close. The lower the reading the better the liquidity conditions in the interbank market.

The PBOC is expected to make an official announcement on its official website about this morning's OMO around 9:45a.m., Beijing time.

The benchmark seven-day repo average was last at 2.6955%, compared with 2.9714% on Thursday.

 

 

Edited by SHMET

PBOC Injects Net CNY20 Billion In OMOs Thursday

Date Oct 26 2017 16:06:47

BEIJING (MNI) - The People's Bank of China injected CNY80 billion inseven-day reverse repos and CNY40 billion in 14-day reverse repos viaopen-market operations Thursday, Wind Information, a Shanghai-based financial data provider, said.

     This resulted in a net injection of CNY20 billion for the day, as a totalof CNY100 billion in reverse repos mature on Thursday.

     Today is the seventh in eight trading days that the PBOC has injected liquidity into the banking system. The PBOC left the level of liquidity unchanged on Wednesday.

     The PBOC injected a net CNY560 billion into the interbank market via OMOs last week and CNY300 billion so far this week.

     A total of CNY480 billion in reverse repos mature this week.

     The PBOC has said that its injections are intended to hedge the impact from tax payments, government bond purchases and maturing reverse repos this month,and thus maintain a stable liquidity condition in the banking system.

     The CFETS-ICAP money-market sentiment index ended at 45 on Wednesday, up slightly from 43 at Tuesday's close. The lower the reading the better theliquidity conditions in the interbank market.

     The PBOC is expected to make an official announcement on its official website about this morning's OMO around 9:45 a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.6659%, compared with2.9286% on Wednesday.

Edited by SHMET

PBOC Injects CNY160 Billion In OMOs Weds, No Net Add/Drain

Date Oct 25 2017 16:03:46

BEIJING (MNI) - The People's Bank of China injected CNY100 billion in seven-day reverse repos and CNY60 billion in 14-day reverse repos via open-market operations Wednesday, Wind Information, a Shanghai-based financial data provider, said.

     This resulted in no net add or drain of the liquidity for the day, as a total of CNY160 billion in reverse repos mature on Wednesday.

     Today is the seventh consecutive trading day that the PBOC has injected liquidity into the banking system.  The PBOC injected a net CNY560 billion into the interbank market via OMOs last week and CNY billion so far this week.

     A total of CNY480 billion in reverse repos mature this week.

     The PBOC has said that its injections are intended to hedge the impact from tax payments, government bond purchases and maturing reverse repos this month,and so maintain stable liquidity conditions in banking system.

     The CFETS-ICAP money-market sentiment index ended at 43 on Tuesday, down slightly from 45 at Monday's close. The lower the reading the better the liquidity conditions in the interbank market.

     The PBOC is expected to make an official announcement on its official website about this morning's OMO around 9:45a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.7491%, compared with 2.7845% on Tuesday.

Edited by SHMET

PBOC Injects Net CNY140 Billion In OMOs Tuesday

Date Oct 24 2017 13:38:56

BEIJING (MNI) - The People's Bank of China injected CNY130 billion in seven-day reverse repos and CNY120 billion in 14-day reverse repos via open-market operations Tuesday, Wind Information, a Shanghai-based financial data provider, said.

     This resulted in a net injection of CNY140 billion for the day, as a total of CNY110 billion in reverse repos mature on Tuesday.

     Today is the sixth consecutive trading day that the PBOC has injected liquidity into the banking system.  The PBOC injected a net CNY560 billion into the interbank market via OMOs last week and CNY280 billion so far this week.

     A total of CNY480 billion in reverse repos mature this week.

     The PBOC has said that its injections are intended to hedge the impact from tax payments, government bond purchases and maturing reverse repos this month,and so maintain stable liquidity conditions in banking system.

     The CFETS-ICAP money-market sentiment index ended at 45 on Monday, up slightly from 43 at Tuesday's close. The lower the reading the better the liquidity conditions in the interbank market.

     The PBOC is expected to make an official announcement on its official website about this morning's OMO around 9:45a.m., Beijing time.

     The benchmark seven-day repo average was last at 2.7035%, compared with 2.7896% on Wednesday.

 

 

Edited by SHMET