Policy

PBOC Skipped OMOs Tuesday; Liquidity Level Unchanged

Date Sep 12 2017 15:24:49

BEIJING (MNI) - The People's Bank of China skipped open-market operationsTuesday for a fourth consecutive trading day, according to the PBOC. Liquidityin the banking system was "relatively high," it said.

     This resulted in a net zero injection/drain for the day.

     No reverse repos mature Tuesday.

     The CFETS-ICAP money-market sentiment index ended at 44 on Monday comparedwith 42 at Friday's close. The lower the reading the better the liquidityconditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6540% compared with2.8705% Monday.

Edited by SHMET

PBOC Skips OMOs Monday; Drains CNY40 Bln

Date Sep 11 2017 17:03:02

BEIJING (MNI) - The People's Bank of China skipped open-market operations

Monday, it said.

     Liquidity in the banking system is relatively high and can absorb the

effect of purchasing government treasuries and maturing reverse repos, the PBOC

said.

     There was a net drain of CNY40 billion for the day.

     A total of CNY40 billion in reverse repos matures Monday. A total of CNY110

billion in reverse repos matures this week.

     The CFETS-ICAP money-market-sentiment index ended at 42 Friday compared

with 41 at Friday's close. The lower the reading the better liquidity in the

interbank market.

     The benchmark seven-day repo average was last at 2.6687% compared with

2.8282% Friday.

Edited by SHMET

PBOC to skip OMO again on Friday, taking net drain for week to 330 bln yuan

Date Sep 08 2017 16:06:07

SHANGHAI, Sept 8 (Reuters) - China's central bank said it will skip open market operations on Friday, as liquidity in the banking system was "relatively high". 

    For the week, the People's Bank of China (PBOC) will drain a net 330 billion yuan ($50.90 billion) from the market, compared with a net drain of 280 billion yuan a week earlier.

    The PBOC injected 298 billion yuan into the financial system via one-year medium-term lending facility (MLF) loans.

    Following is a summary of the volume of the PBOC's open market operations and maturing bills, repos and reverse repos for the week (in billions of yuan):

    

                                           Injection      Drain       Net

 _____________________________________________________________

    Bills                    

    Repos                  

    Reverse repos*                    40   

    Bills maturing              

    Repos maturing

    Reverse repos maturing                    -370

 _____________________________________________________________

       TOTAL                              40         -370       -330 


Source:Reuters

Edited by SHMET

PBOC Skips OMOs Friday; Liquidity Condition Unchanged

Date Sep 08 2017 16:05:04

BEIJING (MNI) - The People's Bank of China skipped its open market

operations on Friday, according to the PBOC.

     The PBOC said on its official website that the banking system's liquiditycondition was at a "relatively high" level.

     This resulted in a net zero injection/drain for the day.

     No reverse repos mature on Friday.

     The PBOC has drained a total of CNY330 billion via reverse repos this week.Taking into account medium-term lending facilities (MLFs), the PBOC has draineda total of CNY201.5 billion this week.

     The CFETS-ICAP money-market sentiment index ended at 41 on Thursday --slightly down from 42 at Wednesday's close. The lower the reading the better theliquidity conditions in the interbank market.

     The benchmark seven-day repo average was last at 2.6524%, compared with2.8241% on Thursday.

Source:Reuters

Edited by SHMET

PBOC has not conducted reverse repos so far this morning

Date Sep 07 2017 16:30:50

SHANGHAI, Sept 7 (Reuters) - China's central bank has not conducted reverse bond repurchase agreements through its open market operations so far on Thursday morning, traders said.

    The central bank has not posted an official statement on its website that it intends to skip the reverse repo operations on Thursday, nor has it conducted any, according to traders. 

    It usually posts such statements at about 0110 GMT if it decides to skip the operations.

    There are no reverse repos due to mature on Thursday, but two batches of medium-term lending facility (MLF) loans worth 169.5 billion yuan ($25.99 billion) are maturing on the same day.

    Traders expect the central bank to roll over the maturing MLF loans on Thursday.

    The People's Bank of China drained a net 280 billion yuan from the money market last week. 

Source:Reuters

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