Bond prices on China's interbank bond market are likely to correct Tuesday, with the central bank's open market operation in focus. The People's Bank of China, China's central bank, gauged banks' demand for reverse repos, repos and 3-month bills on Monday.
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, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, lost 0.0518 percent to 164.671 points.
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