China's Ministry of Finance (MOF) auctioned its 182-day zero coupon Treasury bills at a discounted price of 98.8829 yuan Friday. The T-bills were priced to yield 2.2971 percent and were 3.32 times subscribed amid robust demands.
Statistics with ChinaBond.com.cn show that yield to maturity for 6-month fixed-rate Treasuries stands at 2.3850 percent, 8.79 basis points higher than that of the Friday-floated T-bills. According to MOF, value date for the zero coupon T-bills is May 18. They will be available for secondary market trading as from May 22 and fall due on November 16, 2015.
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