China finance ministry sells 7-year bonds at 3.4180pc, within forecasts

SHANGHAI: China's Ministry of Finance auctioned 26 billion yuan ($4.13 billion) of seven-year bonds in the interbank market on Wednesday at an average yield of 3.4180 percent, traders said, in line with market expectations.

Market forecasts had centred around 3.42 percent and ranged from 3.38 to 3.46 percent.

The auction yield came in below Tuesday's indicative secondary market bid yield of 3.4273 percent for seven-year government bonds.