China’s 30-Year Bond Auction Draws Highest Yield Since March

China’s 30-year government bond auction on Thursday drew its highest yield since March, as risk sentiment improved and concerns over further losses cooled demand for debt.

The Ministry of Finance sold the 30-year special sovereign notes at an average yield of 1.97% on Thursday, according to traders who bid at the 83 billion yuan ($11.6 billion) offering. That’s the highest level since March in auctions on the tenor, Bloomberg-compiled data showed.