Bond prices on China's interbank market floated on Friday as investors could not find sufficient clues to bet on future bond bullishness before the next monetary policy loosening arrived.
ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, crept down 0.004 percent to 161.7978 points on Friday.
Turnover grew 4.40 percent to 2.115662 trillion yuan for the day, contributed by 267.24 billion yuan in cash bonds trading, 1.84543 trillion yuan in pledged and outright bond repos and 2.991 billion yuan in bond lending.
As traders held, they detected no surprise from the Thursday-released sluggish May economic and financial data as these indicators meant nothing to bonds without another monetary policy easing at present.
Under such circumstances, their trading mood remained generally inactive, which largely led to cash bonds' directionless closing on Friday.
Interbank Treasury yields, which move inversely with their prices, edged mostly up 0.01-2.33 basis points (bp) on Friday.
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