China's stock exchange-traded T-bonds ended up Tuesday after the central bank lowered 7-day reverse repo rate. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.01 percent at 149.64 points. Turnover shrank 49.70 percent to 152.91 million yuan.
The People's Bank of China (PBOC), China's central bank, lowered its guidance rate for the 7-day reverse repos to 2.5 percent from 2.7 percent the previous week. Traders noted that the move showed the central bank's intention to guide down capital prices in the money market, which provided a support to the bond market.
SSE Corporate Bond Index ended up 0.03 percent at 188.40 points Tuesday. Turnover withered 29.83 percent to 1.27 billion yuan. SSE-quoted convertibles posted gains on Tuesday with 5 advancers and 1 flat. Shanghai Composite Index gained 5.53 percent to close at 4,277.22 points on the same day.
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