Bond prices on China's interbank bond market are likely to correct Thursday amid wait-and-see sentiment.
The People's Bank of China, China's central bank, gauged banks' demand for reverse repos, repos and bills on Wednesday morning. Traders noted that investors still chose to sit on the sidelines awaiting what the central bank would do during its scheduled regular open market operations (OMO) on Thursday in a bid to find out more trading clues.
On Wednesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, gained 0.054 percent to close at 168.1794 points.
Latest comments