Markets > Bonds

China interbank bonds likely to correct Tue., OMO eyed

BEIJING
2015-09-01 09:20

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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 investors were focusing on what the central bank would do during its scheduled regular open market operations (OMO) Tuesday, hoping to detect more trading clues.

On Monday, the People's Bank of China, China's central bank, posted on its website that it pumped 140 billion yuan liquidity into financial system via the SLO for six days long to ease the present liquidity tightening.

On Monday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, inched up 0.1274 percent to 164.589 points.

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