China's Ministry of Finance (MoF) auctioned on Friday 10 billion yuan worth of 91-day discount Treasury bills at an annualized yield of 2.28 percent.
This batch of bonds drew brisk demand from institutional investors, with the bid-to-cover ratio reaching 2.743 times, disclosed a trader.
Statistics from China Central Depository & Clearing Co. showed that the yield on the 3-month fixed interest rate T-bonds traded on the domestic interbank market stood at 2.3302 percent. This is the 24th batch of book-entry discount T-bonds auctioned by the MoF this year.
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