Business & Finance

China 10 year fin min bond yield at 4.4483pc, below forecasts

Published January 22, 2014 Updated January 22, 2014 06:01am

1 min

By Shoaib Ur Rehman

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SHANGHAI: China's Ministry of Finance auctioned 24 billion yuan ($3.97 billion) of 10-year bonds in the interbank market on Wednesday at a lower than expected average yield of 4.4483 percent, traders said.

Market forecasts had centred around 4.51 percent and ranged from 4.47 to 4.55 percent.

The auction yield came in below Tuesday's indicative secondary market mid yield of 4.5875 percent for 10-year government bonds.

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