The New CS Board

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China keeps the liquidity flowing -

Traders On Edge As China Faces $900 Billion Liquidity Shortage : https://www.zerohedge.com/markets/traders-edge-china-faces-900-billion-funding-shortage

Excerpt:
Update: facing a potentially calamitous liquidity shortage, China buckled and despite hawkish commentary from its central bankers, moments ago the PBOC announced that it would offer a whopping 800 billion in MLF, which was not only vastly greater than the CNY 200BN whisper number, but was 200 billion more than the currently maturing MLF amount of 600 billion

There is another problem: as Bloomberg writes, increasingly weary trader eyes are now looking at China’s central bank for any signal of potential monetary easing, as a $900 billion funding shortage raises concerns over tighter liquidity.

The first clue should come in hours, if not minutes when early on Monday (local time) the People’s Bank of China is expected to at least offset most of the 600 billion yuan ($91 billion) of policy loans coming due this month. The funds, which were offered by the central bank a year ago via the medium-term lending facility, are just about 10% of the total amount local banks need to repay debt and buy government bonds by the end of 2020.