Liquidity remained eased on Friday. Overnight repo rates fell around 16 bps at 2.0565 percent, and 7-day repo rates retreated around 6 bps at 2.6557 percent. Yields of cash T-bonds closed down in steadied trading. 1-year T-bonds yields shed 1.5 bps at 2.84 percent; 5-year T-bonds remained unchanged to yield 3.34 percent; 10-year T-bonds inched down 0.5 bps to yield 3.535 percent. Yields of financial bonds ended lower in stable trading. 1-year bonds issued by China Development Bank declined 2 bps to yield 2.84 percent; 5-year bonds issued by the Bank were down 0.5 bps to yield 3.82 percent; and 10-year bonds lost 0.5 bps to yield 4.09 percent.

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