Liquidity remained eased on Friday. Overnight repo rates fell around 5 bps at 2.2917 percent, and 7-day repo rates retreated around 4 bps at 2.8034 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields sagged 9 bps at 2.90 percent; 5-year T-bonds shed 2.5 bps to yield 3.275 percent; 10-year T-bonds slipped 1.25 bps to yield 3.5275 percent. Yields of financial bonds closed lower in heavy trading. 1-year bonds issued by China Development Bank dropped 5 bps to yield 3.10 percent; 5-year bonds issued by the Bank were down 5.5 bps to yield 3.88 percent; and 10-year bonds lost 2.5 bps to yield 4.225 percent.

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