China finance ministry sells 10-year bond at 3.52pc

SHANGHAI: China's Ministry of Finance auctioned 26 billion yuan ($4.2 billion) of 10-year bonds in the interbank market on Wednesday at an average yield of 3.52 percent, traders said, as expected but near the low end of expectations.

Market forecasts had centred around 3.56 percent and ranged from 3.51 to 3.60 percent.

The auction yield came in below Tuesday's indicative secondary market bid yield of 3.5927 percent for 10-year government bonds.