Bond prices on China's interbank bond market are likely to increase Friday after the central bank's continuous reverse repo offerings.
Traders noted that the central bank's continuous reverse repo sales alleviated investors' worries about the liquidity outlook after yuan's sharp depreciation, which might further add some boost into the bond market The People's Bank of China, China's central bank, conducted 40 billion yuna worth of reverse repos in Thursday's open market operations, and finally realized a net capital injection of 5 billion yuan into the financial system via this week's open market operations.
On Thursday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, picked up 0.0286 percent to 163.6959 points.
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