Bond prices on China's interbank bond market are likely to correct Tuesday, with the central bank's open market operation in focus. 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.
In last week, the People's Bank of China, China's central bank, drained a net 70 billion yuan out of the financial system via its open market operations. On Monday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, gained 0.0575 percent to 166.3169 points.
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