Bond prices on China's interbank bond market are likely to rise Monday amid lower funding costs. The People's Bank of China, China's central bank, refrained from conducting open market operations for the 5th time in a row last week. Traders noted that the capital prices in the financial system still hovered at a relatively low level, which might further drive up bond prices. On last Friday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, inched up 0.041 percent to 161.9047 points.
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