Home Facts china

China's central bank issues 15b yuan of 3-month bills

China's central bank issues 15b yuan of 3-month bills

Write: Morris [2011-05-20]
BEIJING - The People's Bank of China (PBOC), China's central bank, issued 15 billion yuan ($2.25 billion) of three-month bills through its open market operations Thursday at an unchanged yield of 1.7726 percent. China's central bank issues 15b yuan of 3-month billsSpecial Coverage: Rare as it is

The PBOC typically enters repo agreements every Thursday when three-month bills mature.

On Tuesday, the PBOC sold 51 billion yuan of one-year bills.

Taking into account the 65.5 billion yuan of bills and repurchase agreements that matured this week, the PBOC drained 500 million yuan of liquidity from the money market through its open market operations this week.

In the previous two weeks, the PBOC drained 123 billion yuan from the money market.