Markets
China Development Bank five year bond yield near high end of forecast
SHANGHAI : China Development Bank auctioned 20 billion yuan ($4.7 billion) of five-year fixed-rate bonds in the interban
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Market forecasts had centred around 4.65 percent and ranged from 4.60 to 4.70 percent.
The result was above Thursday's indicative secondary market yield of 4.612 percent bid for five-year financial bonds issued by policy banks .
Copyright Reuters, 2011