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Yield on 3-month bills lower than expected

by Wang Yanlin

THE People's Bank of China, the country's central bank, issued 50 billion yuan (US$7.3 billion) in three-month bills today at a yield of 1.0053 percent, much lower than market expectations. It indicated the government...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200812/20081225/article_385841.htm"> Yield on 3-month bills lower than expected </a> by -- THE People's Bank of China, the country's central bank, issued 50 billion yuan (US$7.3 billion) in three-month bills today at a yield of 1.0053 percent, much lower than market expectations. It indicated the government... </p>