China 10-Year Bond Auction Hits Record 7.23 Bid-to-Cover Ratio
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A recent auction of china's 10-year bonds has drawn a record level of interest, with a bid-to-cover ratio of 7.23. This indicates a high demand for the bonds, as the ratio measures the amount of bids received compared to the amount of bonds available. The strong demand has resulted in a notable outcome for the auction.