Liquidity remained loose balance on Friday. Overnight repo rates rallied around 7 bps at 2.4554 percent, and 7-day repo rates rose around 3 bps at 2.6075 percent. Yields of cash T-bonds diverged in brisk trading. 1-year T-bonds yields inched down 0.25 bps at 2.8525 percent; 5-year T-bonds dropped 1 bp to yield 3.37 percent; 10-year T-bonds rose 1 bp to yield 3.59 percent. Yields of financial bonds were mixed in heavy trading. 1-year bonds issued by China Development Bank slid 5 bps to yield 2.92 percent; 5-year bonds issued by the Bank were up 1.5 bps to yield 3.905 percent; and 10-year bonds gained 0.5 bps to yield 4.155 percent.

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