Bond prices on China's interbank bond market are likely to correct Thursday, with the central bank's open market operation in focus. The People's Bank of China, China's central bank, gauged banks' demand for reverse repos, repos and 3-month bills on Wednesday. Traders noted that investors are keeping a close watch on Thursday's open market operations, hoping to detect more trading tips. On Tuesday, the central bank conducted 10 billion yuan worth of 7-day reverse repos via its open market operations. On Wednesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, picked up 0.0843 percent to 166.5881 points
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