China's stock exchange-traded T-bonds ended higher Monday amid lower funding costs. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.09 percent at 148.91 points.
Turnover withered 39.12 percent to 468.18 million yuan. Traders noted that capital prices in the money market dropped sharply since late March, helped by the central bank's consecutive easing measures as interest rate cuts and reserve requirement ratio (RRR) cuts, which were favorable to bond prices.
SSE Corporate Bond Index ended up 0.07 percent at 186.74 points Monday. Turnover swelled 75.21 percent to 2.05 billion yuan. SSE-quoted convertibles diverged on Monday with 2 advancers, 5 decliners. Shanghai Composite Index slid 0.58 percent to close at 4.283.49 points on the same day.
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