China 50-Year Bond Yields Rise in Auction, First Time Since 2022
China's 50-year sovereign bond auction saw a yield increase for the tenor for the first time since 2022, as government policy support and easing US trade tensions reduced demand for debt.
The Ministry of Finance sold the 50-year special sovereign notes at an average yield of 2.1% on Friday, according to traders who bid at the 50 billion yuan offering. That compares with a record low of 1.91% for the 50-year tenor that the last auction fetched in February.
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