The People's Bank of China (PBOC), or the central bank, auctioned one-year bills worth 51 billion yuan (7.62 billion U.S. dollars) through its open market operations Tuesday.
The yield on one-year bills stood unchanged at 2.2913 percent compared with bills sold on Oct. 26.
The yields on the central bank's three-month, one-year and three-year bills all rose about 20 basis points after the PBOC announced a 0.25 percent interest rate hike to tighten market liquidity on Oct. 20.
Chen Lan, an analyst with Guotai Junan Securities, said though the yields on central bank bills were very likely to remain steady within the year, the PBOC's interest rate hike on Oct. 20 had left room for the yields on central bank bills to rise further.
