China’s central bank sold 10 billion yuan (US$1.6 billion) of reverse repurchase agreements on Tuesday to ease liquidity in the interbank market. The People’s Bank of China (PBoC) issued the seven-day securities at a 3.9 percent yield, according to a statement posted on its website. A total of 16 billion yuan of central bank bills and 65 billion yuan of reverse repos are maturing this week. The PBoC rolled over 5.5 billion yuan of three-year bills at a 3.5 percent yield on Monday, central bank data shows.
– Contact HKEJ at [email protected]