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China interbank bonds likely to increase Fri.,on brighter liquidity outlook

BEIJING
2015-08-28 08:38

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Bond prices on China's interbank bond market are likely to increase Friday on brighter liquidity outlook.

The People's Bank of China (PBOC), China's central bank, offered 150 billion yuan worth of 7-day reverse repos in Thursday's open market operations, with the yield down 15 basis points (bp) to 2.35 percent.

Traders noted that the move will further increase the money supply in the financial system and provide a support to bond prices. On Thursday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, rose 0.091 percent to 164.3206 points.

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