China's Ministry of Finance Announces Results of October 23 RMB Sovereign Bond Auction

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China's Ministry of Finance announced the results of its October 23 RMB sovereign bond auction. The issuance amounts for the 2-year, 3-year, 5-year and 10-year bonds were RMB 4,000 million, RMB 5,000 million, RMB 4,000 million and RMB 2,500 million, respectively. The corresponding coupon rates were 1.38%, 1.40%, 1.57% and 1.87%. The issuance and settlement date for all bonds is 27 October 2026.