PBOC and NY Fed Conduct Significant Liquidity Injections on Tuesday, Wednesday, Thursday

The People's Bank of China (PBOC) injected 2 billion yuan in the 7-day reverse repo on Tuesday, offsetting the due amount. Additionally, a 5 billion yuan 3-month Central Bank Note Swap was conducted. New York Fed accepted $417.8 billion in the overnight reverse repo facility on May 28. PBOC continued injections, with 250 billion yuan on Wednesday and 260 billion yuan on Thursday in the 7-day reverse repo, marking significant single-day injections since April 30. The net injections after offsetting due amounts were 248 billion yuan and 258 billion yuan, respectively.