SHANGHAI: China's main government bond futures contract hit a record high this week as traders expect the central bank may loosen policy in response to Fed tapering, while money market rates remained relatively stable, with traders saying another quarter-end fund squeeze is unlikely.
The benchmark December 2013 five-year contract rose as high as 94.558 yuan (US$15.45) on Tuesday, its highest level since China relaunched trading of government bond futures in early September following an 18-year ban.
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