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China interbank bonds likely to correct Tue., OMO eyed

BEIJING
2015-06-16 09:13

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Bond prices on China's interbank bond market are likely to correct Tuesday, with the central bank's open market operation in focus. Traders noted that due to a new bout of initial public offerings (IPOs) spree on local financial markets, investors are focusing on what the central bank will do during its regular open market operations on Tuesday in a bid to detect more trading clues. On Monday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, shed 0.0629 percent to close at 161.696 points.

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