China's Ministry of Finance (MOF) issued on Friday 22 billion yuan worth of 1-year T-bills at annualized yield of 2.40 percent amid plain demand
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yield on the 1-year fixed interest rate T-bonds traded on the domestic interbank market stood at 2.5407 percent.
Market players disclosed that the subscription ratio reached 1.48 times the volume offered. This is the 15th batch of book-entry coupon bearing T-bonds offered by the ministry in 2015, with the value date and circulation date on July 13 and July 17 respectively.
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