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China interbank bonds likely to correct Thu., amid tighter liquidity

BEIJING
2015-08-20 08:39

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Bond prices on China's interbank bond market are likely to correct Thursday amid tighter liquidity condition Traders noted though the People's Bank of China (PBOC), the central bank, pumped 110 billion yuan (17 billion U.S. dollars) into the market on Wednesday through medium-term lending facility (MLF), capital prices in the money market continued to edge up, which might to some extent drag down bond prices.

On Wednesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, wiggled up 0.0063 percent to 163.8394 points.

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