Comment on The Wall Street Journal: PBOC uses longer-dated repos to inject cash for first time in 6 months

The Wall Street Journal: PBOC uses longer-dated repos to inject cash for first time in 6 months

China’s central bank offers $7.52 billion worth of 14-day reverse repurchase agreements, signaling an intention to gradually pierce a bond market bubble that has grown on heavy borrowing of short-term money.

 

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