Bond prices on China's interbank bond market are likely to increase Monday after the central bank cut both the benchmark interest rates and requirement reserve ratio (RRR) on Saturday.
The credit-easing move, to be effective on Sunday, aims to "support the real economy and promote restructuring," said the People's Bank of China (PBOC) in an announcement. Traders noted that the move will further fuel up bond players' confidence and keep liquidity environment stable. On Friday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, crept down 0.0002 percent to 161.8982 points.
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