Liquidity remained eased on Thursday. Overnight repo rates rose around 7 bps at 2.4459 percent, and 7-day repo rates inched down around 1 bp at 2.6036 percent. Yields of cash T-bonds closed down in brisk trading. 1-year T-bonds yields fell 1 bp at 2.85 percent; 5-year T-bonds slipped 1 bp to yield 3.37 percent; 10-year T-bonds dropped 1.75 bps to yield 3.56 percent. Yields of financial bonds ended lower in heavy trading. 1-year bonds issued by China Development Bank slid 0.25 bps to yield 2.9275 percent; 5-year bonds issued by the Bank were down 2.75 bps to yield 3.8625 percent; and 10-year bonds lost 2.75 bps to yield 4.1125 percent.

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