Bond prices on China's interbank bond market are likely to correct Tuesday, with the central bank's open market operation in focus. The People's Bank of China, China's central bank, gauged banks' demand for 14- and 28-day repos, 7-day reverse repos and 3-month bills on Monday, traders said, adding that investors are keeping a close watch on Tuesday's open market operations, hoping to find out more trading tips.
In last week, the People's Bank of China, China's central bank, neither injected nor drained capital from the financial system through its open market operation. On Monday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, gained 0.0492 percent to close at 160.6752 points.
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