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SHANGHAI: China Development Bank auctioned 15 billion yuan ($2.38 billion) of one-year fixed-rate bills in the interbank market on Thursday at a yield of 3.46 percent, traders said.
The result was below the indicative secondary market yield of 3.5614 percent for one-year financial bonds issued by policy banks on March 30, the last trading day before a public holiday that ran from Monday to Wednesday.
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