Liquidity was tightened on Thursday. Overnight repo rates jumped around 33.8 bps at 3.3557 percent, and 7-day repo rates slumped around 51 bps at 3.9655 percent. Yields of cash T-bonds edged up in steadied trading. 1-year T-bonds yields remained unchanged at 3.13 percent; 5-year T-bonds rose 1.5 bps to yield 3.43 percent; 10-year T-bonds added 2 bps to yield 3.615 percent. Yields of financial bonds turned higher in heavy trading. 1-year bonds issued by China Development Bank was flat to yield 3.93 percent; 5-year bonds issued by the Bank climbed 3.5 bps to yield 4.335 percent; and 10-year bonds gained 4 bps to yield 4.425 percent.

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