China 7-year finance ministry bonds yield at 4.1328pc, within forecasts

SHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.5 billion) of seven-year bonds in the interbank market on Wednesday at an average yield of 4.1328 percent, traders said, as expected. Market forecasts had centred around 4.14 percent and ranged from 4.09 to 4.18 percent.

The auction yield came in below Tuesday's benchmark secondary market yield of 4.1693 percent for seven-year government bonds.