Liquidity rebalanced on Thursday. Overnight repo rates fell around 13 bps at 2.7806 percent, and 7-day repo rates tumbled around 29 bps at 3.2200 percent. Yields of cash T-bonds edged down in steadied trading. 1-year T-bonds yields remained unchanged at 3.28 percent; 5-year T-bonds inched down 1 bp to yield 3.69 percent; 10-year T-bonds slid 1 bp to yield 3.81 percent. Yields of financial bonds turned higher in stabilized trading. 1-year bonds issued by China Development Bank remained unchanged to yield 4.18 percent; 5-year bonds issued by the Bank rose 2 bps to yield 4.77 percent; and 10-year bonds gained 0.5 bps to yield 4.9075 percent.

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