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 morning. Traders note that investors are keeping a close watch on Thursday's open market operations, hoping to detect more trading tips.
The central bank conducted 30 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, edged up 0.0348 percent to close at 169.3878 points.
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