China injects $13B into financial system

09/26/2013 | Bloomberg · Market News International

The People's Bank of China sold $13 billion worth of 14-day reverse-repurchase agreements to raise liquidity within the interbank system, as financial institutions prepare to close Tuesday through Oct. 7 for National Day. The one-year interest-rate swap dropped to a six-week low. It was the central bank's second cash injection this week.

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Bloomberg · Market News International

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