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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: CalculatedRisk who wrote (25090)	3/8/2005 9:17:15 AM
From: mishedlo	of 116555

China´s central bank drains 55 bln yuan cash in open market operations Tuesday, March 8, 2005 6:56:47 AM forexstreet.com China's central bank drains 55 bln yuan cash in open market operations BEIJING (AFX) - The People's Bank of China, the central bank, drained a total of 55 bln yuan in today's open market operations, with bank bills and repurchase agreements The central bank issued 20 bln yuan in six-month bank bills with a yield of 2.3890 pct and another 30 bln yuan in one-year bank bills with a yield of 2.8172 pct It also drained five bln yuan from the banking system by conducting treasury bonds repurchase agreement transactions

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