And that's not all! Also, People's Bank of China OMOs:
- To inject 50 bn yuan through 7-day reverse repos
- To inject 50 bn yuan through 14-day reverse repos
- To inject 50 bn yuan through 28-day reverse repos
Stronger CNY against the USD today from the Bank
Back to the OMOs:
- The People's Bank of China has drained 150bn yuan from markets this week (net)
- Continuing the drains (last week 625bn yuan drained)
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So, no one has said "Oh wow! The Oils are back, thank-you for letting us know Eamonn"
OK, fine. The beatings will continue until morale improves: