Bond prices on China's interbank bond market are likely to increase Wednesday amid relatively loose liquidity.
Traders noted that the liquidity condition still remained relatively loose after the central bank's continuous reverse repos sales, which might further drive up bond prices. The People's Bank of China, China's central bank, sold 25 billion yuan 7-day reverse repos, a tool of liquidity supply, at an unchanged 2.35 percent yield via its Tuesday's open market operation.
On Tuesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, strode up 0.1071 percent to 166.4951 points.
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