Liquidity remained tightened on Thursday. Overnight repo rates rose around 6 bps at 3.1423 percent, and 7-day repo rates rallied around 9 bps at 4.0206 percent. Yields of cash T-bonds diverged in steadied trading. 1-year T-bonds yields remained unchanged at 3.34 percent; 5-year T-bonds inched down 0.25 bps to yield 3.58 percent; 10-year T-bonds fell 0.5 bps to yield 3.5925 percent. Yields of financial bonds were mixed in stabilized trading. 1-year bonds issued by China Development Bank were flat to yield 3.69 percent; 5-year bonds issued by the Bank were also flat to yield 4.18 percent; and 10-year bonds lost 0.5 bps to yield 4.27 percent.

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