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China interbank bonds likely to correct Thu., OMO eyed

BEIJING
2015-11-26 09:02

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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 bills on Wednesday.

Traders noted that investors are keeping a close watch on Thursday's open market operations, hoping to detect more trading tips.

The central bank conducted 10 billion yuan worth of 7-day reverse repos via its routine open market operation on Tuesday.

On Wednesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, gained 0.0655 percent to 167.0371 points.

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