(Bloomberg) -- The following events and economic
reports may influence trading in Asian local-currency bonds
today. Yields are from the previous session.
China: China Agricultural Development Bank will sell 10
billion yuan ($1.3 billion) of five-year floating rate notes
today. The interest rate will be based on the one-year deposit
rate of 3.06 percent plus a spread that is to be auctioned. The
Ministry of Finance on June 13 sold 38.38 billion yuan of three-
year notes at a coupon of 3.53 percent. The auction result was
lower than investors' expectation, driving down yields on short-
term bills yesterday.
Read more at Bloomberg Bonds News
reports may influence trading in Asian local-currency bonds
today. Yields are from the previous session.
China: China Agricultural Development Bank will sell 10
billion yuan ($1.3 billion) of five-year floating rate notes
today. The interest rate will be based on the one-year deposit
rate of 3.06 percent plus a spread that is to be auctioned. The
Ministry of Finance on June 13 sold 38.38 billion yuan of three-
year notes at a coupon of 3.53 percent. The auction result was
lower than investors' expectation, driving down yields on short-
term bills yesterday.
Read more at Bloomberg Bonds News
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