China's Ministry of Finance (MOF) issued on Wednesday 30 billion yuan worth of 10-year T-bonds at annualized yield of 3.3161 percent.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yield on the 10-year fixed interest rate T-bonds traded on the domestic interbank market stood at 3.3603 percent.
Traders noted that this batch of T-bond drew brisk demand from investors, as the subscription ratio reached 2.93 times the volume offered.
Insiders noted that though the yield of cash bonds might experience a sharp correction under heavy supply pressures of interest rate-linked product offerings, bond market would still hail a long-term bull run in the future.
This is the second additional issue of the 16th batch of book-entry coupon bearing T-bonds offered by the ministry in 2015.
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