Liquidity eased on Thursday. Overnight repo rates fell around 5 bps compared with the previous trading session to close at 2.6602 percent, and 7-day repo rates tumbled around 27 bps at 3.5088 percent. Yields of cash T-bonds diverged in brisk trading. 1-year T-bonds yields remained unchanged at 2.70 percent; 5-year T-bonds were flat to yield 2.99 percent; 10-year T-bonds shed 0.5 bps to yield 3.275 percent. Yields of financial bonds were mixed in heavy trading. 1-year bonds issued by China Development Bank remained unchanged to yield 3.30 percent; 5-year bonds issued by the Bank were flat to yield 3.95 percent; and 10-year bonds lost 1 bp to yield 4.06 percent.

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