The People’s Bank of China (PBoC) injected 9 billion yuan (US$1.48 billion) into the financial system Tuesday through an offer of reverse repurchase agreements, according to a statement posted on its website. It offered the seven-day paper at a yield of 4.10 percent. The central bank on Monday rolled over 10 billion yuan of central bank bills that are maturing this week. A total of 24 billion yuan of reverse repos will be due this week, PBoC data shows.
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