Markets
China 30 year fin min bond yield at low end of forecasts
SHANGHAI : China's Ministry of Finance auctioned 28 billion yuan ($4.4 billion) of 30-year bonds in the interbank market
SHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.4 billion) of 30-year bonds in the interbank market on Wednesday at an average yield of 4.5253 percent, traders said, at the low end of forecasts.
Market forecasts had centred around 4.58 percent and ranged from 4.50 to 4.65 percent.
The auction yield came in below Tuesday's indicative secondary market bid yield of 4.5826 percent for 30-year government bonds .
Copyright Reuters, 2011
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