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ICBC Global Market: RMB Interest Rate Market Update - May 26, 2017
 

Liquidity balanced on Thursday on tightening liquidity. Overnight repo rates were little changed at 2.6220 percent, and 7-day repo rates jumped 47 bps at 3.4518 percent. Yields of cash T-bonds edged down in steadied trading. 1-year T-bonds yields fell 2 bps at 3.45 percent; 5-year T-bonds declined 0.5 bps to yield 3.65 percent; 10-year T-bonds sagged 1 bp to yield 3.65 percent. Yields of financial bonds turned lower in heavy trading. 1-year bonds issued by China Development Bank diverged to yield 4.08 percent; 5-year bonds issued by the Bank dropped 0.5 bps to yield 4.35 percent; and 10-year bonds gained 1 bp to yield 4.3575 percent.

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(2017-05-26)
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