Money
Jan-May inter-bank bond issues down 19.6%
Updated: 2011-06-29 15:51
(Xinhua)
BEIJING - The value of bonds issued on China's inter-bank market fell 19.6 percent year-on-year to 3.2 trillion yuan ($492.31 billion) during the first five months of this year, the People's Bank of China said on Tuesday.
Bonds with terms of less than five years accounted for the majority of inter-bank bonds issued over the last five months, while the issuance of five- to 10-year bonds climbed last month.
Inter-bank lending transactions totaled 11.8 trillion yuan during the January-May period, up 25.8 percent year-on-year, the statement said.
Meanwhile, inter-bank repurchasing was relatively active during the same period, with transactions totaling 37.8 trillion yuan, up 27.8 percent year-on-year.
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