Bond prices on China's interbank bond market are likely to go up Wednesday after the central bank allowed private investment funds to enter the domestic interbank bond market. China's central bank released a circular permitting to qualified private investment funds with at least 10 million yuan net assets to invest in the interbank bond market, www.yicai.com reported on Tuesday.
Traders noted that the move showed the central bank's intention to enrich bond market investors, which might further shore up bond prices. On Tuesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, gained 0.0606 percent to 161.794 points.
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