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China interbank bonds likely to correct Thu., OMO eyed

BEIJING
2015-12-03 09:23

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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.

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

The People's Bank of China (PBOC), China's central bank, sold 50 billion yuan of 7-day reverse repos in Tuesday's open market operation.

On Wednesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, added 0.0287 percent to 167.4568 points.

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