90 day bank bill yield

The indicative 90-day central bank bill yield CN3MNFIX=R inthe secondary market rose to 3.4656 percent bid on Wednesday from3.4610 percent on Tuesday, according to Reuters Reference RatesIf the current 90-day bank bill yield was 8.50% p.a. and the forward market was pricing the 90-day bank bill yield to be 8.25% p.a., 7.90% p.a. and 7.65% p.a. at 90, 180 and 270 respectively, what would you expect the 360-day bank bill yield to be One-year U.S. dollar LIBOR LIUSD1YD= sank to 63 basis points below the one-year Chinese central bank bill yield
CN1YNFIX=R on Wednesday, the biggest negative spread since the yuan CNY=CFXS was revalued in July 2005.

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