Liquidity remained balanced on Friday. Overnight repo rates rallied around 7 bps at 2.8502 percent, and 7-day repo rates surged around 16 bps at 3.5789 percent. Yields of cash T-bonds diverged in brisk trading. 1-year T-bonds yields remained unchanged at 3.48 percent; 5-year T-bonds were up 0.5 bps to yield 3.595 percent; 10-year T-bonds rose 0.75 bps to yield 3.6025 percent. Yields of financial bonds were mixed in heavy trading. 1-year bonds issued by China Development Bank were flat to yield 3.92 percent; 5-year bonds issued by the Bank added 0.75 bps to yield 4.245 percent; and 10-year bonds gained 1 bp to yield 4.21 percent.

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