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Chinese T-bonds Trade Slackens
China's T-bond trade slackened further on the last trading day before the nine-day-long trade suspension for the National Day holidays, as the stock market witnessed a robust rebound Friday.
Most bonds gained a little while the total transaction value shrank to 949 million yuan, 356 million yuan less than the turnover yesterday, according to Homeway, China's leading on-line financial and securities advisory company.
The transaction value of three-day, seven-day, 14-day and 28-day repurchasing transactions plunged to 1.83 billion yuan, from 6.29 billion yuan on the previous day.
Meanwhile, the interest rate of the three-day repurchasing agreement plummeted from 6 percent to 0.66 percent.
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