Liquidity balanced on Thursday. Overnight repo rates fell around 7 bps at 2.8974 percent, and 7-day repo rates plunged around 22 bps at 3.4924 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields remained unchanged at 3.60 percent; 5-year T-bonds retreated 2.5 bps to yield 3.86 percent; 10-year T-bonds slipped 3.5 bps to yield 3.915 percent. Yields of financial bonds turned lower in heavy trading. 1-year bonds issued by China Development Bank remained unchanged to yield 4.25 percent; 5-year bonds issued by the Bank sagged 3 bps to yield 4.62 percent; and 10-year bonds lost 4 bps to yield 4.69 percent.

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