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PBOC Sells 10 Billion Yuan of 7-Day Reverse Repo at 2.2%

Hong Kong Dollar, Chinese Yuan and US Dollar Banknotes As Currency Peg Intervention From HKMA Continues Into Third Day
Photographer: Paul Yeung/Bloomberg

The People’s Bank of China sold 10 billion yuan ($1.6 billion) of 7-day reverse repurchase agreements at a yield of 2.2%, according to a statement from the Chinese central bank.