7 Apr 2015
PBoC offers reverse repos at lower yield – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team gives an update regarding the key developments in the Chinese market – PboC announcing another injection via repos.
Key Quotes
“In China, the PBoC announced its 12th consecutive injection in its regular market operation via 7-day repos. Moreover, the central bank lowered the offering yield by another 10bps after taking a pause in reducing that rate last week.”
“Among notable press from China, one report called stock margin trading risk controllable even though margin debt hit a fresh record high in March.”
“Regionally, China and Japan fin mins announced plans to hold their first high-level meeting since April 12th, with some of the attention dedicated to AIIB.”
Key Quotes
“In China, the PBoC announced its 12th consecutive injection in its regular market operation via 7-day repos. Moreover, the central bank lowered the offering yield by another 10bps after taking a pause in reducing that rate last week.”
“Among notable press from China, one report called stock margin trading risk controllable even though margin debt hit a fresh record high in March.”
“Regionally, China and Japan fin mins announced plans to hold their first high-level meeting since April 12th, with some of the attention dedicated to AIIB.”