Mkt Watch: China interbank bonds likely to correct Wed. on liquidity concerns
BEIJING, Sep 10, 2013 (Xinhua via COMTEX) --
Bond prices on China's interbank bond
market are likely to correct Wednesday on liquidity concerns.
The People's Bank of China (PBOC), China's central bank,
conducted 10 billion yuan worth of 7-day reverse repos with the
annualized yield flat at 3.90 percent in its Tuesday open market
operation. Besides, the central bank reopened the offering of 85.1
billion yuan worth of 3-year bills on Monday evening.
Traders note that this move reflected the central bank's intention
to lock in long-term liquidity, which together with the upcoming of
quarter-end asset check, aggravated investors' concerns on liquidity
On Tuesday, ChinaBond interbank T-Bond Total Return Index slid
0.1063 percent to close at 144.1996 points.
(Edited by Yang Yifan, email@example.com)
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