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China interbank bonds likely to correct Thu., OMO eyed

BEIJING
2015-09-24 09:06

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Bond prices on China's interbank bond market are likely to correct Thursday, with the central bank's open market operation in focus. Traders noted that with the approach of the long holiday (National Day holiday in October 1-7), investors chose to sit on the sidelines awaiting what the central bank would do during its scheduled regular open market operations (OMO) on Thursday in a bid to find out more trading clues.

On Wednesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, squirmed down 0.0041 percent to 161.9792 points.

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