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 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 Tuesday, the People's Bank of China (PBOC), China's central bank, conducted 10 billion yuan worth of 7-day reverse repurchase agreements.
On Wednesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, edged up 0.0033 percent to close at 169.8871 points.
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