Bond prices on China's interbank bond market are likely to correct Thursday amid wait-and-see sentiment. Traders noted that due to the upcoming supply boom in the country's bond market, investors are staying on the sidelines ahead of Thursday's open market operations, hoping to detect more clues about bond trading.
On Tuesday, Chinese central bank slashed the 7-day reverse repo rate by 10 basis points (bp) to 3.45 percent in a bid to further guide down capital prices. On Wednesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, plummeted 0.1253 percent to close at 158.5388 points.
Latest comments