Bond prices on China's interbank bond market are likely to correct Tuesday, with the central bank's open market operation anticipated.
Traders noted that though the central bank resumed 7-day reverse repo sale last week and cut both benchmark interest rates and banks' required reserve ratio (RRR) on late Sunday, investors has pre-digested these boosting policies and sit on the sidelines awaiting what the central bank will do during its regular open market operations on Tuesday.
On Monday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, gained 0.0301 percent to 161.9469 points.
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