China Central Bank 1-Yr Bill Auction Pushes Rates 2 Bps Higher

By staff reporter Zhang Man

China's central bank said it auctioned 20 billion yuan in one-year bills on Aug. 11, with the yield up by 2 basis points from the last similar sale to 1.7605 percent.

The People's Bank of China also sold 85 billion yuan via repurchase agreements, with the yield also rising by 2 bps to 1.18 percent, the central bank said in statements on its Web site.