SHANGHAI: China's central bank auctioned 10 billion yuan ($1.6 billion) of one-year bills in its open market operations on Tuesday at a yield of 3.5840 percent, traders said, unchanged from last week and within market expectations.
A total of 107 billion yuan in central bank bills and repos are due to mature this week. The People's Bank of China (PBOC) conducted a net drain of 19 billion yuan from the banking system last week.
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