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CHN Exchange T-bonds end up Tue., after PBOC's reverse repo sales

2015-08-18 16:23

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

The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.01 percent at 150.60 points. Turnover swelled 106.72 percent to 487.87 million yuan. The central bank conducted 120 billion yuan worth of 7-day reverse repos in Tuesday's open market operation, the largest offering of reverse repos since January 2014.

Traders noted that the move showed the central bank's intention to ease investors' worries about the tightening liquidity after yuan's devaluation last week, which provide a support to bond prices.

SSE Corporate Bond Index ended up 0.02 percent at 191.10 points Tuesday. Turnover expanded 11.66 percent to 2.23 billion yuan. SSE-quoted convertibles posted losses on Tuesday with 3 decliners. Shanghai Composite Index fell 6.15 percent to close at 3,748.16 points on the same day.

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