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Markets

China finance ministry 10-year bond yield 3.57pc, as forecast

SHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.4 billion) of 10-year bonds in the interbank market
16 Nov 2011

chinese_bondSHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.4 billion) of 10-year bonds in the interbank market on Wednesday at an average yield of 3.57 percent, traders said, as expected.

Market forecasts had centred around 3.59 percent and ranged from 3.55 to 3.64 percent.

The auction yield came in below Tuesday's indicative secondary market bid yield of 3.6236 percent for 10-year government bonds.

Copyright Reuters, 2011