TREE NEWS update: China’s Ministry of Finance issued 60 billion yuan of 91-day government bonds at a yield of 1.1330%, 120 billion yuan of 1-year government bonds at 1.1600%, and 30 billion yuan of 50-year government bonds at 2.2166%. The bid-to-cover ratios were 2.50x for the 91-day, 3.37x for the 1-year, and 9.30x for the 50-year. The 1-year yield came in below the expected 1.2000%.
China’s Ministry of Finance Issues 91-Day, 1-Year, and 50-Year Government Bonds Totaling 210 Billion Yuan
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