Liquidity was balanced on Friday. Overnight repo rates inched down around 1 bp at 2.9630 percent, and 7-day repo rates tumbled around 45 bps at 3.3619 percent. Yields of cash T-bonds edged up in brisk trading. 1-year T-bonds yields remained unchanged at 3.58 percent; 5-year T-bonds rose 1 bp to yield 3.92 percent; 10-year T-bonds added 0.25 bps to yield 3.9725 percent. Yields of financial bonds turned higher in heavy trading. 1-year bonds issued by China Development Bank remained unchanged to yield 4.40 percent; 5-year bonds issued by the Bank firmed were flat to yield 5.06 percent; and 10-year bonds gained 1.64 bps to yield 5.1314 percent.

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