MNI: PBOC Net Injects CNY235.6 Bln via OMO Tuesday

MNI (BEIJING) - The People's Bank of China (PBOC) conducted CNY273.3 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY235.6 billion after offsetting the maturity of CNY37.7 billion today. There is another CNY120 billion treasury cash deposit matures today, according to Wind Information.
 

• The seven-day weighted average interbank repo rate for depository institutions (DR007) fell to 1.8404% at 09:36 am local time from the close of 1.8978% on Monday.
• The CFETS-NEX money-market sentiment index, measuring interbank money-market liquidity, closed at 50 on Monday, compared with the close of 47 on Friday. A higher reading points to tighter liquidity condition, with 50 representing an equilibrium.