Bond prices on China's interbank bond market are likely to decline Friday amid investors' profit-taking sentiment Market hearsay went Thursday that China's central bank sold 7-day, 14-day and 28-day repos to some financial institutions in recent days, suggesting the central bank's discomfort with excess liquidity in the financial system.
Traders noted that the news would further trigger bond players' profit-taking sentiment and weigh on the bond market. On Thursday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, plunged 0.1111 percent to 161.6381 points.
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