PBOC One-Year Bill Yield rises by 8.33 Basis Points

BEIJING, Jun. 9 -- The yield on one-year bills issued by China's central bank rose to 2.0929 percent Tuesday, up 8.33 basis points from June 1.

The People's Bank of China (PBOC), or the central bank, auctioned 25 billion yuan ($3.66 billion) worth of one-year bills in its regular open market operations Tuesday.

The PBOC let the one-year bill yield rise 8.32 basis points on june 1 for the first time since January 19.

The PBOC issued 15 billion yuan of one-year bills last week.

The yield of 110 billion yuan ($16.1 billion) worth of three-year bills stood at 2.68 percent last week while that of three-month bills was 1.53 percent.