Southwest China's Chongqing Province auctioned 4-tranche bonds, namely 3-, 5-, 7- and 10-year general bonds on Tuesday, with the yields standing at 2.9 percent, 3.26 percent, 3.55 and 3.57 percent respectively. The subscription ratio for the four batches of bonds reached 2.37, 2.18, 2.17 and 2.12 times the volume offered. Analysts noted that the auction yields hit the floor level of the yield range, indicating non-market factor played a major role in bond pricing.
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