GlobalRMB launches MoF Auction Tracker as market gears up for Rmb16bn sale
China's Ministry of Finance (MoF) will hold its seventh auction of offshore renminbi government bonds on Wednesday, May 21, selling Rmb16bn ($2.6bn), including a Rmb2bn tranche reserved for central banks. Analysts expect yields on all tranches to show a distinct steepening from previous auctions, with the exception of the shortest dated tranche, a three year.
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