China Sells 30-Year Bonds at 1.96%, Plans 20 Billion Yuan Bill Auction

China’s Ministry of Finance sold 30-year special treasury bonds at a yield of 1.9576% and 7-year bonds at 1.6052% in its latest government debt auction on 8 August. Separately, the ministry said it will auction 20 billion yuan (about $2.8 billion) of 28-day bills on 11 August, adding to a spate of short- and long-term funding operations as Beijing balances fiscal support with borrowing costs.