CHINA: Central Bank withdraws Liquidity via OMO.
Feb-07 01:27
- The PBOC issued CNY183.7bn of 7-day reverse repo at 1.5% in this morning’s operations.
- Today’s maturities CNY284bn
- Net liquidity withdrawal CNY100.3bn.
- The PBOC controls and maintains liquidity in the interbank system through the issuance of 7-day repo.
- The CFETS Pledged Repo Deposit Institutions 7 Day Index is lower by 7.9bps to 1.6672.
- China Overnight Repo rate is 1.79% ( from yesterday’s 1.50%)
- China 7-day Repo rate is 1.78% (from yesterday’s 1.84%)
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MNI: CHINA SETS YUAN CENTRAL PARITY AT 7.1887 WEDS VS 7.1879
Jan-08 01:26
- CHINA SETS YUAN CENTRAL PARITY AT 7.1887 WEDS VS 7.1879
CNH: USD/CNY Fixing Error To Fresh Wides
Jan-08 01:19
The USD/CNY fixing printed at 7.1887, versus the Bloomberg market consensus of 7.3415.
- The fixing error widened to -1528pips, fresh wides going back to early April of last year.
- The fixing has remained very steady and close to 7.1900, despite a rebound in USD indices over the past 24 hours. Today's upside limit on spot USD/CNY is around 7.3325.
- USD/CNH has drifted a little higher so far today, but is within recent ranges, last near 7.3435/40.
- Note coming up in around 40mins is the onshore briefing for the consumer trade in program.
BOJ: Rinban Purchase Offer
Jan-08 01:13
The BoJ offers to buy a total of Y1.075tn of JGBs from the market:
- Y300bn worth of JGBs with 1-3 Years until maturity
- Y300bn worth of JGBs with 3-5 Years until maturity
- Y325bn worth of JGBs with 5-10 Years until maturity
- Y150bn worth of JGBs with 10-25 Years until maturity
