PBOC to inject 75b yuan via 28-day reverse repos, 80b yuan via 7-day reverse repos

China's central bank will inject 75 billion yuan (US$11.40 billion) into the money markets through 28-day reverse bond repurchase agreements, and will inject 80 billion yuan via seven-day reverse repos on Tuesday, traders said. 

PHOTO: BLOOMBERG

JAN 19, 20169:39 AM

[SHANGHAI] China's central bank will inject 75 billion yuan (US$11.40 billion) into the money markets through 28-day reverse bond repurchase agreements, and will inject 80 billion yuan via seven-day reverse repos on Tuesday, traders said.

This is the first issue of 28-day tenor since February 2015.

Maturing reverse repos will drain a net 240 billion yuan from the banking system this week.

The People's Bank of China (PBOC) conducted a net injection of 40 billion yuan into the banking system last week.

REUTERS