A post by @FirstSquawk on X.
One-Month Deposits Auctioned by China’s Finance Ministry at 1.42% Yield
@FirstSquawk on X
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China’s Ministry of Finance auctioned one-month deposits at a yield of 1.42%, according to a First Squawk post. The auction sets a fresh reference rate for short-term government cash management and signals where officials are willing to park public funds. The 1.42% level matters as a benchmark for money-market pricing and for gauging demand for ultra-short sovereign paper. Watch subsequent deposit auctions and secondary-market yields for signs of shifting liquidity conditions.
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China's Finance Ministry