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Record Injection From The PBOC

|Includes: CYB, DSUM, SPDR S&P China ETF (GXC), PEK

The People's Bank of China opened up 290 billion yuan ($33.16 billion) of seven-day reverse repurchase agreements at 3.35% during its regular open market operation and 105 billion yuan of 28-day reverse repos at 3.60% on Tuesday. This represents the "largest single-day exercise on record" according to the Wall Street Journal.

The reason for such a significant injection? The PBOC wanted to ease a potential liquidity crunch created by banks and other commercial lenders tightening their lending in order to meet their month-end capital requirements.