China's Ministry of Finance (MOF) issued 22 billion yuan 1-year fixed-rate Treasury bills at relatively encouraging 2.16 percent yield on Friday.
As traders disclosed, the product was 2.92 times subscribed at auction, helping pressing the coupon rate 4.73 basis points lower than comparable data in secondary trading at present.
Recently, China's primary bond market has remained bullish thanks to the favorable liquidity and economic fundamentals. According to MOF, value date for the 1-year fixed-rate T-bills, the 18th batch of book entry T-bonds sold this year, is August 10 and they will be available for secondary-market trading as of August 14.
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