Mediocre, Tailing 2Y Auction Prices At Highest Yield Since July 2007
https://www.zerohedge.com/markets/medio ... -july-2007
The amount of sovereign bonds sold this quarter, excluding those maturing, reached 277 billion yuan ($40 billion), the highest level for the same period since 1997.
The gross issuance of the notes in the first three months soared 35% from a year earlier to 2.1 trillion yuan.
Provinces have been front-loading the sales so that infrastructure projects could start early, thereby helping to spur growth and job creation.
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