Markets

China finance ministry auctions 30-year bonds at 4.76pc

Published July 23, 2014 Updated July 23, 2014 03:46am

1 min

By Shoaib Ur Rehman

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SHANGHAI: China's Ministry of Finance auctioned 26 billion yuan ($4.19 billion) of 30-year bonds in the interbank market on Wednesday at an average yield of 4.76 percent, traders said, as expected.

Market forecasts had centred around 4.75 percent and ranged from 4.65 to 4.80 percent.

The auction yield came in below Tuesday's benchmark secondary market yield of 4.7807 percent for 30-year government bonds.

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