The PBOC said May monthly weighted average of DR001 (overnight pledged repo of
interest-rate bonds among deposit-taking financial institutions) was 1.28%, up 5
bps MoM; DR007 was 1.35%, essentially unchanged; R001 (interbank overnight
pledged repo) was 1.32%, up 2 bps MoM. Daily average interbank lending turnover
was 417.28 bln yuan, +18.5% YoY; daily average interbank bond repo turnover was
7.4 tln yuan, +8.1% YoY. End-May outstanding interbank lending balance was 1.0
tln yuan; outstanding interbank bond repo balance was 10.1 tln yuan.