China's stock exchange-traded T-bonds ended down Tuesday on liquidity concerns. The Government Bond Index on the Shanghai Stock Exchange (SSE) closed down 0.03 percent at 149.02 points.
Turnover shrank 48.74 percent to 145.57 million yuan. Market players said that liquidity condition in the financial system might tend to be tight in the near future due to month-end factors and new bout of initial public offerings, which to some extend dragged down bond prices.
The People's Bank of China, China's central bank, refrained from conducting open market operations for the 11th straight routine session on Tuesday. SSE Corporate Bond Index ended up 0.02 percent at 187.14 points Tuesday. Turnover expanded 21.47 percent to 2.15 billion yuan. SSE-quoted convertibles posted gains on Tuesday with 6 advancers. Shanghai Composite Index gained 2.02 percent to close at 4,910.90 points on the same day.
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