Early on Sept 10, DR007 rebounded to 1.4014%, close to the PBOC 7-day reverse repo policy rate of 1.4%. The PBOC injected 30 billion yuan via 7-day reverse repos, fully allotted to primary dealers. DR007 is treated as China’s short-end rate anchor; a meaningful premium to the PBOC 7-day reverse repo signals funding stress, a discount signals ample liquidity.

2026-09-10

Early on Sept 10, DR007 rebounded to 1.4014%, close to the PBOC 7-day reverse repo policy rate of 1.4%. The PBOC injected 30 billion yuan via 7-day reverse repos, fully allotted to primary dealers. DR007 is treated as China’s short-end rate anchor; a meaningful premium to the PBOC 7-day reverse repo signals funding stress, a discount signals ample liquidity.