Markets

Taiwan sells 5-year government bonds at 1.245pc yield

Published October 9, 2014 Updated October 9, 2014 06:01am

1 min

By Shoaib Ur Rehman

TAIPEI: Taiwan auctioned T$34.538 billion ($1.14 billion) of 5-year government bonds at a yield of 1.245 percent, the central bank said on Thursday.

The Ministry of Finance was scheduled to auction T$40 billion in five-year treasury papers.

The central bank auctions government debt on behalf of the ministry.

The yield was within the range of 1.23 percent-1.26 percent forecast in a Reuters poll.

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