Local debt issuance rate rose to 1.75% compared with the previous period by 3 basis points

Xinhua Beijing, June 22 (reporter Huayadi, han) from the central government bond registration and settlement company news that the 22nd morning tender issued in Guangdong, Fujian Xiamen, Hainan, the three local debt bid rate of 1.75%, compared to the previous issue of local debt issuance rate of 3 points.　　The tender results of the day showed that the bid rate for the three places in Guangdong, Fujian, Xiamen and Hainan was 1.75%, the total amount was 12.2 billion yuan, a total of 19.34 billion yuan was effectively subscribed, the subscription was about 1.59 times times, the bid rate and the subscription multiples were higher than the previous period.　　Relevant data show that the last issue of Jiangxi, Guizhou, Anhui Province, the three provincial local debt on June 12, the bid rate of 1.72%, the subscription multiple of 1.51 times times. It is noteworthy that by the IPO news and inflation expectations, the recent bond two-tier market interest rate products ushered in a small, rapid adjustment market, especially short-term and long-term varieties, the return on the upward obvious. According to data from the central government Bond Company, the 3-year bond yield reached 1.76% on June 19, up 6 points from June 12.　　By comparison, local bond interest rates are not up to the national debt. As of June 22, local debt has been issued 154.1 billion yuan, and by the end of June, the total issue of local debt will reach 165.9 billion yuan, accounting for the annual 200 billion-dollar local bond issuance scale of 83%.　　A total of 200 billion yuan is expected to be completed by July, sources from the Treasury said. It is reported that the next issue of Shanxi and Gansu provinces local debt will be issued on Friday (June 26), the total amount of 11.8 billion yuan, of which 5.3 billion yuan in Shanxi, 6.5 billion yuan in Gansu province debt.