People's Bank of China OMOs for today:

  • To inject 40 bn yuan through 7-day reverse repos
  • To inject 20 bn yuan through 14-day reverse repos
  • To inject 20 bn yuan through 28-day reverse repos

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Earlier from China today:

  • China plans 2 million new units of public housing for 2017 - Xinhua
  • China Q1 GDP 6.9% - "easy-money policies" & infrastructure spending created momentum
  • A "very challenging task for the PBOC to reduce leverage without having any casualties

And stay tuned, March house price data coming up