Liquidity eased on Thursday. Overnight repo rates plunged around 22 bps at 2.6340 percent, and 7-day repo rates tumbled around 45 bps at 3.0997 percent. Yields of cash T-bonds edged up in brisk trading. 1-year T-bonds yields remained unchanged at 3.60 percent; 5-year T-bonds rose 3.5 bps to yield 3.88 percent; 10-year T-bonds inched up 1 bp to yield 3.875 percent. Yields of financial bonds turned higher in heavy trading. 1-year bonds issued by China Development Bank were flat to yield 4.04 percent; 5-year bonds issued by the Bank firmed 2 bps to yield 4.51 percent; and 10-year bonds gained 2 bps to yield 4.495 percent.

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