Liquidity remained eased on Friday. Overnight repo rates fell around 12 bps at 1.8611 percent, and 7-day repo rates retreated around 8 bps at 2.3334 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields shed 5 bps at 2.72 percent; 5-year T-bonds sagged 2.5 bps to yield 3.13 percent; 10-year T-bonds inched down 1 bp to yield 3.46 percent. Yields of financial bonds closed lower in heavy trading. 1-year bonds issued by China Development Bank dropped 2 bps to yield 2.87 percent; 5-year bonds issued by the Bank were down 4.5 bps to yield 3.745 percent; and 10-year bonds lost 3 bps to yield 4.13 percent.

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