China's Special Bond Sale Sees Demand In Line With 2024 Trend [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance
(Bloomberg) -- China kicked off issuance of this year's special sovereign bonds with a 30-year auction that drew demand of 3.9 times the amount on offer. Most Read from Bloomberg US Inflation Data Was Accidentally Released 30 Minutes Early With a BlackRock CEO, $9 Trillion Vanguard Braces for Turbulence Putin and Xi Vow to Step Up Fight to Counter US ‘Containment' Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us' Dow Average Touches 40,000 Before Pulling Back: Markets Wrap Forty billion yuan ($5.5 billion) of special sovereign bonds were sold at an average yield of 2.57%, versus a median forecast of 2.55% in a Bloomberg survey Thursday, according to traders who declined to be named as they were not authorized to speak publicly. Four auctions of regular 30-year bonds this year have seen demand of about 4 times the 28 billion yuan offered on average. Investors were expecting solid demand at the auction, despite recent headwinds against long-term bonds includi
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