China's stock exchange-traded T-bonds ended up Tuesday after the absence of open market operations. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed up 0.14 percent at 149.12 points, and turnover shrank 20.32 percent to 372.88 million yuan.
The People's Bank of China, China's central bank, continued to halt its open market operations for the 9th straight routine session on Tuesday Traders noted that despite the continuous OMO suspension, the cash supply was still ample in the money market after the central bank lowered the benchmark interest rate last week, which provided a support to bond prices on the secondary market. SSE Corporate Bond Index ended up 0.03 percent at 186.79 points Tuesday.
Turnover plunged 45.37percent to 1.12 billion yuan. SSE-quoted convertibles diverged on Tuesday with 4 advancers, 3 decliners. Shanghai Composite Index rose 3.13 percent to close at 4,417.55 points on the same day.
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