China's Ministry of Finance (MOF) offered 60 billion yuan worth of 6-month Treasury cash deposits at annual yield of 3.4 percent on Thursday, which was slightly below market expectations.
Traders noted the upbeat auction result showed that the mid- and long-term market liquidity in the financial system still remained fluid and hence China is unlikely to see a liquidity crunch at the end of September.
This is the 9th batch of Treasury cash deposits offered by the MOF in 2015, with the value date and maturity date on September 24, 2015 and March 24, 2016 respectively.
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