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