Liquidity eased on Friday. Overnight repo rates were little changed at 2.5276 percent, and 7-day repo rates fell around 2 bps at 2.8922 percent. Yields of cash T-bonds edged up in steadied trading. 1-year T-bonds yields remained unchanged at 3.50 percent; 5-year T-bonds were up 0.5 bps to yield 3.8350 percent; 10-year T-bonds inched up 1 bp to yield 3.91 percent. Yields of financial bonds turned lower in heavy trading. 1-year bonds issued by China Development Bank dropped 2.5 bps to yield 4.275 percent; 5-year bonds issued by the Bank slide 0.5 bps to yield 4.925 percent; and 10-year bonds lost 0.75 bps to yield 5.0425 percent.

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