Markets > Bonds

CHN Exchange T-bonds end up Thu., despite PBOC's liquidity-draining OMOs

2015-07-16 17:03

Already collect

China's stock exchange-traded T-bonds ended up Thursday despite the central bank's net capital withdrawal.

The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.01 percent at 149.70 points while turnover swelled 31.14 percent to 309.5 million yuan.

The People's Bank of China, China's central bank, conducted 20 billion yuan worth of 7-day reverse repos at a yield of 2.50 percent in Thursday's open market operation.

Statistics show 85 billion yuan of reverse repos will come due this week, and the central bank had offered 20 billion yuan of reverse repos on Tuesday.

As a result, the central bank drained a net 45 billion yuan out of the financial system this week.

Traders noted that the currently relaxed liquidity condition in the financial system provided a support to the bond market.

SSE Corporate Bond Index ended up 0.04 percent at 189.14 points Thursday.

Turnover expanded 6.1 percent to 1.74 billion yuan. SSE-quoted convertibles diverged on Thursday with 2 advancers, 1 decliner and 1 flat. Shanghai Composite Index gained 0.46 percent to close at 3,823.18 points on the same day.

Add comments

Latest comments

Latest News
News Most Viewed