Markets > Bonds

China interbank bonds likely to correct Tue., OMO eyed

BEIJING
2015-07-21 09:08

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Bond prices on China's interbank bond market are likely to correct on Tuesday, with the central bank's open market operation in focus.

Traders note that investors are focusing on what the central bank will do during its regular open market operations on Tuesday in a bid to detect more trading clues.

In last week, the People's Bank of China, China's central bank, drained a net 45 billion yuan out of the financial system via open market operations.

On Monday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator edged up 0.0551 percent to 162.9386 points.

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