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Yields Rise Ahead Of Bond Sale

CHINA

China will sell CNY 36bn of 50-year upsized bonds today, results due around 0235GMT/1035CST.

The MOF previously sold 50-year bonds on September 18, the sale drew a yield of 3.9998% and was covered 2.04x.

  • Yields are higher across the curve in China, 10-year yield up 2.7bps at 3.290%. The yield on the May 2070 issue has risen 4bps at 3.815%

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