China's Ministry of Finance (MOF) issued on Wednesday 20 billion yuan worth of 10-year T-bonds at annualized yield of 2.85 percent.
Statistics from China Government Securities Depository Trust & Clearing Co. showed that the yield on 10-year fixed interest rate T-bonds traded on the domestic interbank market stood at 2.8616 percent.
Market players disclosed that the subscription ratio for this batch of bonds reached 3.32 times the volume offered. This is the 4th batch of book-entry coupon-bearing T-bonds offered by the ministry in 2015.
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