Bond prices on China's interbank bond market are likely to increase Wednesday amid relatively loose liquidity.
Traders note that the liquidity condition in the financial system remain relatively loose on the whole after the central bank resumed 14-day reverse repos and auctioned huge amounts of treasury cash deposit.
The People's Bank of China, China's central bank, conducted 40 billion yuan worth of 14-day reverse repos in its Tuesday open market operations.
On Tuesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, jumped 0.0819 percent to 165.3046 points.
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