China's Ministry of Finance (MOF) auctioned RMB30 billion yuan 10-year fixed-rate Treasury bonds amid relatively good 2.17 times of subscription Wednesday. These T-bonds were priced to yield 3.4460 percent, slightly lower than the 3.4700 percent for comparable products in secondary trading Tuesday.
According to MOF, these issues were additional ones for its 16th batch of book entry Treasury bonds floated this year. Their value date was July 16 and would mix with the original issues for secondary trading from August 12.
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