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CHN Exchange T-bonds end up Tue., after PBOC's continuous reverse repos

2015-07-21 15:57

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China's stock exchange-traded T-bonds ended up Tuesday after the central bank's continuous reverse repo sales.

The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.05 percent at 150.08 points. Turnover shrank 14.71 percent to 434.12 million yuan.

The People's Bank of China, China's central bank, conducted 35 billion yuan worth of 7-day reverse repos at a yield of 2.50 percent in Tuesday's open market operation.

Analysts noted that the continuous reverse repo offerings showed the central bank's intention to keep liquidity environment stable, which triggered investors' trading sentiment and thus drove up bond prices.

SSE Corporate Bond Index ended up 0.04 percent at 189.45 points Tuesday. Turnover swelled 22.93 percent to 2.52 billion yuan. SSE-quoted convertibles posted gains on Tuesday with 3 advancers. Shanghai Composite Index gained 0.64 percent to close at 4,017.67 points on the same day.

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