OMOs today: PBOC injects 20bn yuan via 7-day reverse repos

For the week, the bank drained net 65bn yuan vs. 645bn drain the previous week

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Some data from China a little earlier (still waiting on the Q2 GDP and June retails sales, industrial production etc. These all due at 0200GMT):

  • June fiscal revenues +1.7 pct yr/yr
  • Fiscal expenditures +19.9 pct yr/yr
  • January-June fiscal revenues +7.1 pct yr/yr
  • January-June fiscal expenditures +15.1 pct yr/yr

(tks to Reuters for those)