Markets

China 10-year fin min bonds yield at 3.5780pc, within forecasts

Published November 19, 2014 Updated November 19, 2014 03:26am

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

SHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.58 billion) of 10-year bonds in the interbank market on Wednesday at an average yield of 3.5780 percent, traders said, as expected.

Market forecasts had centred around 3.58 percent and ranged from 3.55 to 3.64 percent.

The auction yield came in below Tuesday's benchmark secondary market yield of 3.6070 percent for 10-year government bonds.

For stories on Chinese debt issues.

Read Comments