People's Bank of China open market operations:

  • To inject 80 bn yuan through 7-day reverse repos
  • To inject 60 bn yuan through 14-day reverse repos

There are 170bn yuan of maturing reverse repos today ... so that's a net drain of 30bn yuan

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ps. Headlines on the US budget coming ....

  • Trump budget seeks $3.6t in US spending cuts over 10 years