SHANGHAI, May 9 (Reuters) - China's central bank will drain
37 billion yuan ($6.03 billion)from the money markets through
28-day bond repurchase agreements on Thursday, traders said,
meaning it will inject a net 84 billion yuan into the market
The People's Bank of China (PBOC) has announced it will also
drain an additional 10 billion yuan by auctioning three-month
bills on Thursday, the first time it has issued bills of any
tenor since late 2011.
A total of 186 billion yuan in PBOC repos and bills will
mature this week, injecting money into the market.
The central bank neither drained nor injected money last
Following is a summary of the volume of the central bank's
bill sales and repo operations for the week (billions of yuan):
Injection Drain Net
Bills maturing 110
Repos maturing 76
Reverse repos maturing
TOTAL 186 -102 84
*Reverse repos inject liquidity on issuance and drain it on
Click on the following for historical data on:
PBOC repo issues:
PBOC repos outstanding:
PBOC bill issues:
PBOC bills outstanding:
Reports on PBOC open market operations:
($1 = 6.1410 Chinese yuan)
(Reporting by Steven Bian, Li Hongwei, Pete Sweeney and Gabriel
Wildau; Editing by Jacqueline Wong)
Keywords: CHINA OPENMARKET/REPO
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