A post by @FirstSquawk on X.
China Finance Ministry Sets 1.30% Yield In Auction Of One-Month Deposits
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China’s Finance Ministry set a 1.30% yield in its auction of one-month deposits, according to a First Squawk post. The result establishes a fresh short-term pricing reference for the sovereign deposit auction. The 1.30% level matters as a gauge of near-term funding costs and demand for highly liquid government paper. Watch subsequent deposit auctions and secondary-market yields for signs of shifts in short-term liquidity conditions.
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China Finance Ministry