The People’s Bank of China (PBOC) is looking to raise $625 million through a sale of three-month bills, The Wall Street Journal reports. The bills will mature in three months at a yield of 3.1618 percent, adds Reuters.
The Chinese central bank aims to raise a net $15.65 billion through its regular open market operations this week. Last week, the PBOC issued a net $3.914 billion in the market.
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