Chinese T-bonds Trade SlackensChina'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. |
| People's Daily Online --- http://english.peopledaily.com.cn/ |