Bond prices on China's interbank bond market are likely to increase Friday after the central bank conducted 7-day reverse repo sale. Traders noted that PBOC resumed 7-day reverse repo sale via its Thursday's open market operation after a 2-month around hiatus in a bid to meet Chinese lenders' rising demand for cash when their semiannual asset check approaches, which might further fueled up bond buyers' trading sentiment and shore up bond prices. On Thursday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, gained 0.0141 percent to 161.8985 points.
Latest comments