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PBOC issues 3 billion yuan of one-year bills

06-01-2011 08:45 BJT

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China's central bank has auctioned 3 billion yuan of one-year bills in its open market operations. That's at a yield of 3.3058 percent.

It's unchanged from last week and within market expectations. Analysts say the move is in line with recent monetary tightening, and is aimed at maintaining the stability of the financial market. They say that still ensures reasonably ample levels of liquidity in the banking system. The Peoples' Bank of China conducted a net injection of 59 billion yuan into the banking system last week.

China's central bank has auctioned 3 billion yuan of one-year bills in its open market operations.

Editor:Shi Jierui |Source: CNTV.CN

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