皇冠体育app

皇冠体育app's government bonds fell after the central bank drained funds from the financial system for the first time in eight months.

The People's Bank of 皇冠体育app conducted 30 billion yuan ($4.8 billion) of 28-day repurchase agreements on Tuesday and didn't offer any reverse contracts that add cash to the money market, according to a statement.

The contracts were offered at a yield of 2.75 percent, unchanged from the previous sale of similar-maturity on June 19. "The central bank is probably worried that there is too much money in the system," said Wang Huane, a senior r at Qilu Bank Co in Jinan, the capital of Shandong province.

皇冠体育app Daily - Agencies

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