PBOC could issue 28-day reverse repos this week

Reuters with the news that the People’s Bank of China could issue 28-day reverse repos this week

• Would be the first time since around this time last year (February 2015)

Demand for cash is expected to jump ahead of the impending Chinese New Year holiday (holidays will begin in the first week of February )

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Injections/drain via 7-day reverse repo have been the main instrument since then