Bond prices on China's interbank bond market are likely to correct Thursday after country's quarterly gross domestic product (GDP) turned out better than expectations.
The National Bureau of Statistics (NBS) reported on Wednesday that China's economy grew 7 percent year on year in the second quarter, unchanged from the first quarter. The growth rate beat a median market forecast of 6.9 percent for the second quarter, as authorities cited "positive signs" in the economy.
Traders noted that China's economy might continue to improve in the future, which may cast a pall over the bond market. On Wednesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, squirmed up 0.0094 percent to 162.701 points.
Latest comments