SHANGHAI: China's Ministry of Finance auctioned 28 billion yuan ($4.52 billion) of 10-year bonds in the interbank market on Wednesday at an average yield of 4.42 percent, traders said, within expectations.

Market forecasts had centred around 4.45 percent and ranged from 4.35 to 4.50 percent.

The auction yield came in near Tuesday's indicative secondary market mid yield of 4.4420 percent for 10-year government bonds.