China's stock exchange-traded T-bonds ended up Tuesday after the central bank's reverse repo sale. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.02 percent at 152.82points.
Turnover expanded 47.15 percent to 488.55 billion yuan. The People's Bank of China, China's central bank, conducted 10 billion yuan worth of 7-day reverse repos in Tuesday's open market operations.
As there were 10 billion yuan worth of reverse repos due on Tuesday, the central bank maintained a neutral position in open market operations in a single day. Traders noted that the central bank was expected to pump more funds into the financial system if a resumption of initial public offerings pushes capital prices higher.
SSE Corporate Bond Index ended up 0.01 percent at 194.89 points Tuesday. Turnover swelled 29.078 percent to 3.085 billion yuan. Shanghai Composite Index slid 0.06 percent to close at 3,604.80 points on the same day.
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