China's Ministry of Finance (MOF) issued on Wednesday 28 billion yuan worth of 5-year T-bonds at an annualized yield of 2.9807 percent.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that the yield on the 5-year fixed interest rate T-bonds traded on the domestic interbank market stood at 3.0523 percent.
Market players disclosed that the T-bonds were 2.29 times oversubscribed. Traders noted that the continuous pullback of CPI growth in October added some boost to the bond market, which provided a support to this batch of T-bond offering.
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