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Markets

China finance ministry sells 3-month bills at 2.9389pc

Published Updated

china-flagSHANGHAI: China's Ministry of Finance auctioned 15 billion yuan ($2.40 billion) of 3-month bills in the interbank market on Friday at an average yield of 2.9389 percent, traders said.

 

The auction yield came in below Thursday's indicative secondary market bid yield of 3.1618 percent for three-month government bills.

 

Copyright Reuters, 2012

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