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China interbank bonds likely to increase Fri, amid loose liquidity

2015-10-23 08:41

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Bond prices on China's interbank bond market are likely to increase Friday amid relatively loose liquidity. Traders noted that the liquidity condition remained relatively relaxed after the central bank pumped 105.5 billion yuan of capital into 11 financial institutions via its mid-term lending facility (MLF) on Wednesday and at the same time conducts 25 billion yuan worth of 7-day reverse repos in Thursday's open market operations. On Thursday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, inched up 0.0278 percent to 166.6122 points.

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