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ICBC Global Market: RMB Interest Rate Market Update - March 24, 2017
 

Tightening liquidity eased in the afternoon session on Thursday. Overnight repo rates slumped around 19 bps compared with the previous trading session to close at 2.8836 percent, and 7-day repo rates plunged around 58 bps at 4.0151 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields remained unchanged at 2.85 percent; 5-year T-bonds slid 0.5 bps to yield 3.135 percent; 10-year T-bonds inched down 0.5 bps to yield 3.30 percent. Yields of financial bonds were mixed in heavy trading. 1-year bonds issued by China Development Bank fell 5 bps to yield 3.60 percent; 5-year bonds issued by the Bank were flat to yield 4.06 percent; and 10-year bonds gained 0.25 bps to yield 4.10 percent.

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(2017-03-24)
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