Business & Finance

China finance ministry sells 10-year bonds at 4.1348pc

Published May 21, 2014 Updated May 21, 2014 05:28am

1 min

By Shoaib Ur Rehman

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SHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.49 billion) of 10-year bonds in the interbank market on Wednesday at an average yield of 4.1348 percent, traders said, lower than expected.

Market forecasts had centred around 4.17 percent and ranged from 4.13 to 4.25 percent.

The auction yield came in below Tuesday's benchmark secondary market yield of 4.1770 percent for 10-year government bonds.

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