Domestic Debt and Treasury Bond

billion dollars: Since then, the domestic debt has been on a slow decline, crossing the 13.6 billion dollars mark the other week before falling further to the current level, according to Xinhua China. CBK data showed the drop was due to a flat sale of Treasury bonds in the past weeks, which account for 78.3 percent or 10.2 billion dollars of the total debt. The fall is a drop of 1.2 dollars since the end of the first quarter, where the debt stood at a peak of 14.7 billion dollars. The last Treasury bond was put on sale on August 20 and was worth 194 million dollars. Most of the bonds issued in the past few months have been massively subscribed due to a rise in interest rates as investors seek to cash in on the high yields. CBK received bids worth 188 million dollars but accepted only 109 million dollars at an interest rate of 15 percent. (news.financializer.com). As reported in the news.