Liquidity rebalanced on Friday. Overnight repo rates tumbled around 11 bps at 2.5657 percent, and 7-day repo rates slumped around 11 bps at 3.1533 percent. Yields of cash T-bonds edged down in steadied trading. 1-year T-bonds yields remained unchanged at 3.38 percent; 5-year T-bonds were flat to yield 3.81 percent; 10-year T-bonds were also flat to yield 3.875 percent. Yields of financial bonds turned lower in stable trading. 1-year bonds issued by China Development Bank were flat to yield 4.22 percent; 5-year bonds issued by the Bank inched down 1 bp to yield 4.85 percent; and 10-year bonds lost 1.5 bps flat to yield 5.01 percent.

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