China's Ministry of Finance (MoF) sold Friday 10 billion yuan worth of 91-day book-entry discount T-bills at annualized yield of 2.2861 percent. This batch of bonds drew brisk demand from investors, with the bid-to-cover ratio reaching 3.04 times, disclosed a trader.
This is the 10th batch of book-entry discount T-bonds auctioned by the MoF this year with value date and circulation date on October 12 and October 14, respectively.
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