Bond prices on China's interbank bond market are likely to increase Wednesday amid tighter liquidity condition.
Traders noted that the capital prices in the money market continued to edge up on Tuesday after the central bank offered the largest amount of reverse repos in almost 19 months via Tuesday's open market operations, which might to some extent weigh on bond prices.
The People's Bank of China, China's central bank, conducted on Tuesday 120 billion yuan worth of 7-day reverse repos via its regular open market operation.
On Tuesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, inched up 0.0165 percent to 163.829 points.
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