Liquidity was balanced on Friday. Overnight repo rates tumbled around 14 bps at 2.8933 percent, and 7-day repo rates rallied around 9 bps at 3.8276 percent. Yields of cash T-bonds edged down in steadied trading. 1-year T-bonds yields remained unchanged at 3.65 percent; 5-year T-bonds slipped 2 bps to yield 3.87 percent; 10-year T-bonds fell 6 bps to yield 3.92 percent. Yields of financial bonds turned lower in lackluster trading. 1-year bonds issued by China Development Bank dropped 2 bps to yield 4.45 percent; 5-year bonds issued by the Bank sagged 4 bps to yield 4.74 percent; and 10-year bonds lost 11.5 bps to yield 4.81 percent.

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