The Bank has skipped OMOs again today, for the fifth day in a row.
- Due to maturing RRs in effect it's a net 60bn yuan drain
- People's Bank of China statement says liquidity levels in the banking system are relatively high due to high fiscal expenditure ant month-end ..... so pretty much a repeat of what they've said the past few days
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Coking coal is carrying on its rally, up around 6% as I update