SHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.51 billion) of seven-year bonds in the interbank market on Wednesday at an average yield of 4.33 percent, traders said, as expected.

Market forecasts had centred around 4.35 percent and ranged from 4.29 to 4.38 percent.

The auction yield came in near Tuesday's indicative secondary market mid yield of 4.3280 percent for seven-year government bonds.