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Mkt Watch: CHN interbk bds likely to correct Fri. on PBOC’s net capital draining

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2014-03-07 GMT+8:00

BEIJING, Mar. 7 (Xinhua)– Bond prices on China'sinterbank bond market are likely to correct Friday following the central bank’s net capital draining.

Traders note that the central bank’s strengthened efforts to withdraw capital from the banking system is likely to weigh on the liquidity condition, which may be unfavorable to bond prices to some extent.

The People’s Bank of China (PBOC), China’s central bank, drained a net70 billion yuan from the financial system via open market operations this week.

On Thursday,ChinaBond interbank T-Bond Total Return Index declined 0.0055 percent to close at 143.4474 points.  (Edited by ZhangYuan, zhangyuan11@xinhua.org)

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