EM debt funds just saw the 7th, and largest (-$2.3bn), straight week of outflows. via BofA Hartnett https://t.co/dnfRkn3E9Z
🔴 YUAN OPENS TRADE AT 7.2251 PER DOLLAR, SLIGHTLY LOWER THAN LAST CLOSE
🔴 CHINA'S CENTRAL BANK INJECTS 150 BILLION YUAN VIA 7-DAY REVERSE REPOS AT 1.80%: PRIOR RATE UNCHANGED - STATEMENT
Ninety counterparties participated in a Federal Reserve reverse repo operation, taking $594.428 billion, an increase of $76 billion. Money-market fund assets dipped to $6.04 trillion in the week ending March 25th, with total assets falling by $5.68 billion. The Federal Reserve provided $6.27 billion in discount-window loans and $132.8 billion in term funding loans in the same week. China's central bank injected 150 billion yuan via 7-day reverse repos at 1.80%, with the yuan opening trade at 7.2251 per dollar, slightly lower than the previous close.
