Bond prices on China's interbank bond market are likely to increase Wednesday amid improving liquidity. Traders noted that the People's Bank of China, China's central bank, has stepped up sales of reverse repos via its open market operation in the past two weeks so as to boost cash supply, which provided a support to the liquidity condition and might further shore up bond prices. On Tuesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, closed up 0.0508 percent to 164.6726 points.
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