Bond prices on China's interbank bond market are likely to increase Wednesday amid relatively loose liquidity.
Traders noted that the liquidity condition in the financial system remained relatively loose after the central bank's continuous reverse repo sales, which may further fuel up bond buyers' trading favor and provide a support to the bond market.
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.
On Tuesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, lost 0.0038 percent to 162.9324 points.
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