PBOC Drains Net CNY80 Billion In OMOs Tuesday

Date 11/7/2017 3:10:34 PM
     BEIJING (MNI) - The People's Bank of China injected CNY80 billion in seven-day reverse repos, CNY40 billion in 14-day reverse repos and CNY60 billion in 63-day reverse repos via open-market operations Tuesday, Wind Information, a Shanghai-based financial data provider, said.

     This resulted in a net drain of CNY80 billion for the day, as a total of CNY260 billion in reverse repos mature on Tuesday.

     The CFETS-ICAP money-market sentiment index ended at 38 on Monday, up from 30 at Friday'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 2.6514%, compared with 2.7479% on Monday.

Edited by SHMET