China's 30-year government bond weighted average winning bid rate is 2.2456%, setting a new record high for the overall multiple

The Chinese Ministry of Finance issued government bonds today. The weighted average winning yield for the 30-year bonds was 2.2456%, down about 13 basis points from the previous issuance of the same maturity, marking the lowest point since November 2025. The overall bid-to-cover ratio was 8.05, the highest on record; the marginal bid-to-cover ratio was 1.24, the lowest since June 2025.

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