Beijing municipal government and Sichuan provincial government auctioned overall 78 billion yuan worth of general bonds on Tuesday.
Beijing issued 1.8 billion yuan of 3-year bonds, 8.4 billion yuan of 5-year ones, 8.4 billion yuan of 7-year ones, 8.4 billion yuan of 10-year ones, while Sichuan Province auctioned 15 billion yuan worth of 3-year ones, 15 billion yuan of 5-year ones, 15 billion yuan of 7-year ones and 5 billion yuan of 10-year ones, respectively.
According to the auction results, the yields of 4-tranche bonds issued by Beijing reached 2.88 percent, 3.17 percent, 3.52 percent and 3.58 percent, while that of bonds auctioned by Sichuan Province stood at 2.89 percent, 3.18 percent, 3.53 percent and 3.60 percent, respectively.
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