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Updated Tuesday, August 28, 2007 0:00 am TWN, TAIPEI, Reuters |
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Central bank sells half of twenty-year bond offerThe result of the auction will likely support yields in the secondary market today, after yields have already crept up following news that regulators were considering steps to ensure investors who buy bonds do not keep them to maturity. The result of the auction compared with an expected yield of between 2.5500 percent and 2.6000 percent in a Reuters poll of bond dealers. The bonds will be issued Thursday. During a similar auction in February, the government sold NT$30 billion of 20-year bonds at a yield of 2.08 percent. Taiwan’s bond yields have been low and the yield curve has been flat partly because bondholders usually buy and hold on to the bonds. In yesterday’s auction, the government had originally planned to sell NT$20 billion worth of the 20-year bonds, but only less than half of that amount was taken, the central bank said in a statement. | |||||||||||||