Bond prices on China's interbank bond market are likely to correct Thursday, with the central bank's open market operation in focus. Traders note that investors are looking to the result of open market operations on Thursday, aiming to find out more clues about the liquidity outlook. The central bank conducted 80 billion yuan worth of 7-day reverse repos via its routine open market operation on Tuesday. On Wednesday, ChinaBond New Composite Total Return Index, a broadly-based market sentiment indicator, surged 0.196 percent to close at 170.7675 points.
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