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CHINA RATES

China's MOF will today sell CNY 40bn of 2-year bonds and CNY 40bn of 5-year upsized bonds, results are due after 0335BST/1035HKT.

  • Previous 2-year sale on April 14 drew an average yield of 2.6601% with bid/cover of 3.66.
  • Previous 5-year sale on April 14 drew an average yield of 2.9412% with bid/cover of 4.11.

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