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Central bank injects funds via reverse repos

The People's Bank of China, China's central bank, injected 240 billion yuan ($36.36 billion) into the market via open market operations on Wednesday to ease liquidity. The PBOC conducted 240 billion yuan of reverse repos. Meanwhile, 240 billion yuan of reverse repos matured, meaning the net cash injection is zero. A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. On Wednesday, the PBOC conducted 160 billion yuan of seven-day reverse repos priced to yield 2.45 percent, 70 billion yuan of 14-day contracts with a yield of 2.6 percent, and 10 billion yuan of 63-day contracts with a yield of 2.9 percent.

Yuan climate bond listed on Euronext