- Prior close 6.1983
- Overnight repo opened at 3.25% (yesterday’s close was 3.3%)
- 7-day repo has opened at 4.01% (prior close was 4.60%) … liquidity still tight … traders saying PBOC is unlikely to conduct repos (drain) today
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Added: PBOC is injecting 18bn yuan into the system for the week (injected 17 bn yuan last week)
