- 7-day repo opened at 3.42% (vs. prior close at 3.47%)
- Overnight repo opened at 2.72% (prior close 2.77%)
The PBOC is to conduct repos today (i.e. drain liquidity):
- yep, to sell 18bn yuan of 28-day repos
Preview Mode
People’s Bank of China (PBOC) sets yuan reference rate at 6.1545 (vs. prior set at 6.1557)
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