The People's Bank of China (PBOC) sold three-month bills at a yield of 1.5704 percent in open-market operations, unchanged for the 14th straight sale, according to traders at Industrial and Commercial Bank of China Ltd and China CITIC Bank Corp, Bloomberg reported on Thursday.
The monetary authority, which offered 31 billion yuan ($4.7 billion) of the 91-day notes, has let the yield rise at six previous auctions this year. The rate last climbed four basis points, or 0.04 percentage point, to 1.5704 percent on June 10.
