Liquidity eased on Thursday. Overnight repo rates inched down around 1 bp at 2.6087 percent, and 7-day repo rates fell around 8 bps at 2.8285 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields slid 1 bp at 3.21 percent; 5-year T-bonds remained unchanged to yield 3.56 percent; 10-year T-bonds slipped 1 bp to yield 3.70 percent. Yields of financial bonds diverged in heavy trading. 1-year bonds issued by China Development Bank remained unchanged to yield 3.75 percent; 5-year bonds issued by the Bank rose 0.5 bps to yield 4.425 percent; and 10-year bonds gained 0.2 bps to yield 4.56 percent.

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