Liquidity remained balanced on Thursday. Overnight repo rates fell around 5 bps at 2.5543 percent, and 7-day repo rates dropped around 4 bps at 2.6871 percent. Yields of cash T-bonds closed up in steadied trading. 1-year T-bonds yields rose 0.5 bps at 2.985 percent; 5-year T-bonds inched up 1 bp to yield 3.50 percent; 10-year T-bonds added 1.5 bps to yield 3.695 percent. Yields of financial bonds turned higher in stable trading. 1-year bonds issued by China Development Bank firmed 0.5 bps to yield 3.095 percent; 5-year bonds issued by the Bank were up 2.5 bps to yield 4.085 percent; and 10-year bonds gained 3.75 bps to yield 4.2875 percent. (The update will suspend publishing during September 22-24. The issue on September 25 will introduce the market in the previous trading session.)

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