Bond prices on China's interbank bond market are likely to inch up Wednesday amid relatively stable liquidity.
Traders noted that despite investors' rising demand for cash at the year end and the intensive IPOs last week, the liquidity condition in the financial system was still better than expected, which might further provide a support to bond prices.
The People's Bank of China (PBOC), China's central bank, conducted 10 billion yuan worth of 7-day reverse repurchase agreements (repo) in Tuesday's open market operations (OMO).
On Tuesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, gained 0.0278 percent to close at 169.8816 points.
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