China's Ministry of Finance (MOF) issued on Wednesday 28 billion yuan worth of 7-year T-bonds at annualized yield of 3.1263 percent, slightly 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 3.1366 percent. This batch of T-bonds is the sequel for the 26th one of its kind offered by the Ministry this year. The bonds, together with its counterparts offered previously, will go into circulation on November 25.
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