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China sells 3-year, 7-year bonds at lower than expected yields

Shanghai

CHINA'S Ministry of Finance on Wednesday auctioned 16 billion yuan (S$3.3 billion) of three-year bonds and another 16 billion yuan of seven-year bonds at an average yield of 3.0065 per cent and 3.1797 per cent, respectively, traders said, both below market expectations.

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