China's Ministry of Finance (MOF) issued on Wednesday 30.04 billion yuan worth of 7-year T-bonds at annualized yield of 3.2861 percent, lower than the level on the secondary market.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that yield on the 7-year fixed interest rate T-bonds traded on the domestic interbank market stood at 3.3149 percent.
Analysts noted that the strong demand for long-term bonds on the primary market gave rise to the favorable auction result on the secondary market.
This is the second additional issue of the 14th batch of book-entry coupon bearing T-bonds offered by the ministry in 2015, with the value date and circulation date on July 9 and September 23 respectively.
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