Banking

PBOC one-year bill yield rises by 8.33 basis points

(Xinhua)
Updated: 2010-06-08 14:34

BEIJING: The yield on one-year bills issued by China's central bank rose to 2.0929 percent Tuesday, up 8.33 basis points from June 1.

Related readings:  PBOC 1-year bill yield rises by 8.32 basis points  Central bank issues 20b yuan one-year bills  Central bank to end 11-week?liquidity reduction  China central bank to sell $10b of 3-month bills

The People's Bank of China (PBOC), or the central bank, auctioned 25 billion yuan ($3.66 billion) worth of one-year bills in its regular open market operations Tuesday.

The PBOC let the one-year bill yield rise 8.32 basis points on june 1 for the first time since January 19.

The PBOC issued 15 billion yuan of one-year bills last week.

The yield of 110 billion yuan ($16.1 billion) worth of three-year bills stood at 2.68 percent last week while that of three-month bills was 1.53 percent.