China's Ministry of Finance (MOF) invited biddings for 30 billion yuan 5-year fixed-rate Treasury notes Wednesday. The product was priced to yield 3.10 percent pleasantly, much lower than the 3.1997 percent for comparable products on secondary market at present and was 2.25 times subscribed at auction. According to MOF's previous announcement, value date for the 5-year fixed-rate T-note product is May 28.
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