Markets

China 10-year fin min bonds yield at 4.1832pc, within forecasts

Published July 16, 2014 Updated July 16, 2014 03:00am

1 min

By Shoaib Ur Rehman

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SHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.51 billion) of 10-year bonds in the interbank market on Wednesday at an average yield of 4.1832 percent, traders said, within expectations.

Market forecasts had centred around 4.15 percent and ranged from 4.09 to 4.20 percent.

The auction yield came in near Tuesday's benchmark secondary market yield of 4.1571 percent for 10-year government bonds.

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