Markets
5-yr fin min bond yield within forecasts
SHANGHAI : China 's Ministry of Finance auctioned 30 billion yuan ($4.6 billion) of five-year bonds in the interbank ma
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SHANGHAI: China's Ministry of Finance auctioned 30 billion yuan ($4.6 billion) of five-year bonds in the interbank market on Wednes day at an average yield of 3.44 percent, traders said, as expected.
Market forecasts had centred around 3.40 percent and ranged from 3.35 to 3.47 percent.
The auction yield was little changed from Tuesday's indicative secondary market bid yield of 3.4483 percent for five-year government bonds .
Copyright Reuters, 2011
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