Liquidity remained eased on Friday. Overnight repo rates fell around 15 bps at 1.9521 percent, and 7-day repo rates rose around 2 bps at 2.5278 percent. Yields of cash T-bonds edged up in brisk trading. 1-year T-bonds yields remained unchanged at 3.12 percent; 5-year T-bonds were flat to yield 3.33 percent; 10-year T-bonds added 2.5 bps to yield 3.525 percent. Yields of financial bonds diverged in heavy trading. 1-year bonds issued by China Development Bank dropped 6 bps to yield 3.46 percent; 5-year bonds issued by the Bank were flat to yield 4.015 percent; and 10-year bonds gained 2.25 bps to yield 4.2125 percent.

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