Tuesday, November 24, 2020

Tag: China Sells $3 Billion of Dollar Bonds Amid Trade War With US

China Sells $3 Billion of Dollar Bonds Amid Trade War With US

from Sputnik News:

The bonds sale was carried out in the wake of a massive blow sustained by the US stock market earlier this week, and effectively demonstrates China’s sway in the international bond market.

Beijing sold $3 billion of sovereign dollar bonds, making it the third such sale in the last 14 years.

As Chinese Ministry of Finance revealed, Beijing sold $1.5 billion worth of 5-year bonds at 3.25 percent, $1 billion worth of 10-year bonds at 3.5 percent and $500 million worth of 30-year bonds at 4 percent.