PBOC's message about one-off MLF operations in mid-June helped calm bond market

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China's central bank said it would conduct medium-term lending facility (MLF) operations around June 15, as a batch of 500 billion yuan ($70.55 billion) worth of such loans expired on Monday.

The People’s Bank of China (PBOC) said in an online statement that it would conduct a one-off MLF operation this month, while the volume would be dependent on market demand.

Another batch of MLF loans with a value of 240 billion yuan is due to expire on June 19.

In the same statement, the central bank said . . .

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