Markets

PBOC sells $2.2b one-year bills

(Agencies)
Updated: 2010-06-01 11:22
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The People's Bank of China sold one-year bills at a yield of 2.0096 percent, compared with 1.9264 percent last week, according to traders at Agricultural Bank of China and Bank of China Ltd.

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That was the first time the central bank pushed up the interest rates on one-year bills since Jan 19. It offered 15 billion yuan ($2.2 billion) of the securities at the auction today.