China's benchmark overnight repo rate jumps to over 21-month high

Reuters2021-01-27

SHANGHAI, Jan 27 (Reuters) - The volume-weighted average rate of China's benchmark overnight repurchase agreements, or repo, traded in the interbank market advanced on Wednesday to 2.9167%, the highest level since April 17, 2019.

Other tenors rose as well, with the volume-weighted average of seven-day repo climbing to 2.8676%, loftiest since April 2019.

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