China's Ministry of Finance (MOF) issued on Wednesday 30 billion yuan worth of 3-year T-bonds at annualized yield of 2.73 percent, which was lower than the level on the second market. Market players disclosed that the subscription ratio reached 2.06 times the volume offered. Statistics from China Government Securities Depository Trust & Clearing Co. showed that yield on the 3-year fixed interest rate T-bonds traded on the domestic interbank market stood at 2.8572 percent. Traders noted market widely expected that the central bank might churn out more monetary easing policies in the near future, which fueled up investors' trading sentiment and provided a support to the bond offering.
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