China's stock exchange-traded T-bonds ended down Tuesday after the central bank's reverse repos offering. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed down 0.01 percent at 151.12 points.
Turnover shrank 19.39 percent to 341.40 million yuan. The People's Bank of China, China's central bank, conducted 150 billion yuan worth of 7-day reverse repos in Tuesday's open market operation.
Traders noted that as huge amounts of money were released by the central bank's reserve requirement ratio (RRR) cut on Sunday, the central bank might to some extent scale down its reverse repos in the short term so as to curb excess funds and smooth market liquidity, which to some extent weigh on bond prices. SSE Corporate Bond Index ended up 0.03 percent at 192.21 points Tuesday.
Turnover expanded 32.10 percent to 2.51 billion yuan. Shanghai Composite Index gained 2.92 percent to close at 3,170.45 points on the same day.
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