| Central bank sells bills at expected yields |
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| Friday,February 15,2008 Posted: 16:38 BJT(0838 GMT) |
| From:Agencies Article type:Reproduced |
China's central bank auctioned 90 billion yuan of three-year bills in its regular operations on Thursday at a yield of 4.56 percent, traders said, in line with market expectations.
The three-year bill yield was at 4.56 percent for a fifth auction in a row.
The central bank also auctioned 75 billion yuan of one-year bills at a yield of 4.0583 percent, and 30 billion yuan of three-month bills at 3.4071 percent. Both results were also in line with market expectations.
The one-year bill yield was at 4.0583 percent for a seventh auction in a row. On Thursday two weeks ago, the three-month bill sale produced a yield of 3.4000 percent, slightly down from 3.4071 percent at the previous auction, but that was due to a quirk in the calendar.
The market was closed for Lunar New Year holidays from February 6 through 12.
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