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Business & Finance

China 3-year fin min bond yield within forecasts

SHANGHAI : China 's Ministry of Finance auctioned 30 billion yuan ($4.6 billion) of three-year bonds in the interban
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By Shoaib Ur Rehman
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bondSHANGHAI: China's Ministry of Finance auctioned 30 billion yuan ($4.6 billion) of three-year bonds in the interbank market on Wednesday at an average yield of 3.26 percent, traders said, as expected.

Market forecasts had centred around 3.25 percent and ranged from 3.22 to 3.30 percent.

The auction yield came in below Tuesday's indicative secondary market bid yield of 3.2950 percent for three-year government bonds.

 

Copyright Reuters, 2011

 

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