China finance ministry 5-year bond yield at 3.55pc

SHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.4 billion) of five-year bonds in the interbank market on Wednesday at an average yield of 3.55 percent, traders said, near the low end of expectations.

Market forecasts had centred around 3.57 percent and ranged from 3.54 to 3.62 percent.

The auction yield came in below Tuesday's indicative secondary market bid yield of 3.6502 percent for five-year government bonds .