BEIJING (XFN-ASIA) - The People's Bank of China said it drained 45 bln yuan from the banking system via the sale of three-year bonds and three-month bank bills in today's open market operations.
The bank said in a statement published on its website that the yield for the 1.0 bln yuan worth of three-year central bank bonds sold was 3.62 pct, compared with the 3.58 pct set last week.
Some 44 bln yuan worth of three-month central bank bills were auctioned off at 2.7461 pct, slightly lower than the 2.7463 pct last week.
The central bank usually issues one-year bills on Tuesdays and three-year and three-month paper on Thursdays.
(1 usd = 7.58 yuan)
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