Mar 14, 01:21 AM

PBoC Conducts 7-Day Reverse Repos at 1.8%, Auctions 2-Year Bonds at 1.99% Yield

The People's Bank of China (PBoC) conducted open market operations on Wednesday and Thursday, injecting 3 billion yuan through 7-day reverse repos at an interest rate of 1.8% each day. This move comes as part of its liquidity management efforts, with a net 7 billion yuan being drained from the market as 10 billion yuan of existing repos come due each day. Additionally, the China Finance Ministry auctioned 2-year bonds at a 1.99% yield, as reported by traders. Amidst these financial maneuvers, the PBoC is expected to keep a key policy rate unchanged during its upcoming rollover of maturing medium-term loans on Friday, in the context of uncertainties around the Federal Reserve's easing policies.

#PBoC #China Finance Ministry #Federal Reserve

Written with ChatGPT (GPT-4).

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PiQ@PiQSuite
2 years ago
⚠️ CHINA CENTRAL BANK SET TO LEAVE KEY RATE UNCHANGED ON FRIDAY AMID UNCERTAINTY AROUND FED EASING Full Story → https://t.co/kkEPvAoYhy China's central bank is expected to leave a key policy rate unchanged when it rolls over maturing medium-term loans on Friday, a Reuters… https://t.co/jWF4JckYTq
FinancialJuice@financialjuice
2 years ago
🔴 CHINA FINANCE MINISTRY AUCTIONS 2-YEAR BONDS AT 1.99% YIELD: TRADERS
CN Wire@Sino_Market
2 years ago
⚡PBOC conducted 3 billion yuan of the 7-day RRP on Thursday. 7 billion yuan will be drained from the market on a net basis as 10 billion yuan comes due today. #China #liquidity https://t.co/Hl7SLx8V0P

PBoC Conducts 7-Day Reverse Repos at 1.8%, Auctions 2-Year Bonds at 1.99% Yield

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