China's stock exchange-traded T-bonds ended up Tuesday amid loose liquidity condition. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.03 percent at 151.60 points. Turnover swelled 292.88 percent to 832.91 million yuan. Traders noted that the liquidity condition in the financial system remained relatively loose on the whole after the central bank resumed 14-day reverse repos last week.
The People's Bank of China, China's central bank, conducted 40 billion yuan worth of 14-day reverse repos in Tuesday open market operations.
As 50 billion yuan worth of reverse repos came due on Tuesday, the central bank drained a net 10 billion yuan out of the banking system via open market operations on a single day.
SSE Corporate Bond Index ended up 0.04 percent at 193.26 points Tuesday. Turnover expanded 13.22 percent to 2.57 billion yuan. The bond market contrasts to domestic stock markets, where Shanghai Composite Index slid 2.02 percent to close at 3,038.14 points on the same day.
Latest comments