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China interbank bonds likely to correct Tue., OMO eyed

BEIJING
2015-08-18 08:55

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

Traders noted that China's bond market players were increasingly concerned about liquidity flows after banks' foreign exchange purchase positions declined sharply in July. Hence, they were focusing on what the central bank would do during its scheduled regular open market operations (OMO) Tuesday.

On Monday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, inched up 0.0197 percent to 163.8019 points.

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