Liquidity was balanced on Friday. Overnight repo rates surged around 20 bps at 1.8629 percent, and 7-day repo rates inched up around 1 bp at 2.2713 percent. Yields of cash T-bonds edged up in brisk trading. 1-year T-bonds yields rose 1 bp at 2.74 percent; 5-year T-bonds rallied 6 bps to yield 3.28 percent; 10-year T-bonds remained unchanged to yield 3.55 percent. Yields of financial bonds diverged in heavy trading. 1-year bonds issued by China Development Bank climbed 15 bps to yield 2.90 percent; 5-year bonds issued by the Bank were up 1 bp to yield 3.85 percent; and 10-year bonds lost 2 bps to yield 4.185 percent.

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