Markets
China 10-year bonds auctioned at 4.07pc
SHANGHAI : China 's Ministry of Finance auctioned 30 billion yuan ($4.7 billion) of reopened 10-year bonds in the inter
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SHANGHAI: China's Ministry of Finance auctioned 30 billion yuan ($4.7 billion) of reopened 10-year bonds in the interbank market on Wednesday at an average yield of 4.0735 percent, traders said, at the low end of expectations.
Market forecasts had centred around 4.10 percent and ranged from 4.05 to 4.15 percent.
The auction yield came in slightly below Tuesday's indicative secondary market bid yield of 4.0870 percent for 10-year government bonds .
Copyright Reuters, 2011
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