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Wednesday, July 26, 2000, updated at 09:03(GMT+8) | |||||||||||||
Business | |||||||||||||
China's T-Bond Market Remains Weak TuesdayChina's treasury bonds slumped Tuesday with a thin trade volume valued at 787 million yuan, 231 million less than that of the already quite bearish Monday trading.Bond 009908 (3.30 percent, due 2009) edged up 0.04 percent to stand at 102.08 yuan, while all the other bonds handed their holders tame losses dragging from 0.01 percent to 0.16 percent, according to Homeway, China's leading on-line financial and securities advisory company. Bond 00896 (8.56 percent, due 2003) tumbled the most to close at 122.80 yuan, pushing the yield up about 0.06 percentage points to 3.15 percent. Trade on the bond kept narrow with a volume of 15 million yuan. Both the stock composite indices on the two domestic stock exchanges closed up again Tuesday on news that 39 of the 42 listed companies that published their interim reports Tuesday recorded profits, leaving the T-bond market inactive. China's bond repurchasing market stayed quiet on July 25. The turnover of three-day, seven-day, 14-day and 28-day repo transactions plunged by 5.52 billion yuan to 2.73 billion yuan.
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