Bond prices on China's interbank bond market are likely to rise Friday amid relatively loose liquidity.
The People's Bank of China (PBOC), China's central bank, refrained from conducting open market operations for the 14th straight session on Thursday. Analysts attributed the absence of OMOs to the current loose liquidity condition, which might further provide a support to bonds. On Tuesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, ended 0.0518 percent higher at 161.7397 points.
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