The repo men cometh and cometh some more
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On Wednesday, the People’s Bank of China (PBoC) did it again.
What is it, you ask: For the ninth consecutive day, the central bank injected liquidity into the market via 14-day reverse repos.
The deets:
This time, the PBoC put RMB 100 billion into the system, resulting in a net injection of RMB 40 ...