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ICBC Global Market: RMB Interest Rate Market Update - October 20, 2017
 

Liquidity eased on Thursday. Overnight repo rates fell around 2 bps at 2.6115 percent, and 7-day repo rates dropped around 10 bps at 3.0742 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields remained unchanged at 3.50 percent; 5-year T-bonds slipped 0.5 bps to yield 3.7400 percent; 10-year T-bonds were down 1.25 bps to yield 3.7125 percent. Yields of financial bonds turned lower in heavy trading. 1-year bonds issued by China Development Bank were flat to yield 3.93 percent; 5-year bonds issued by the Bank retreated 1.5 bps to yield 4.35 percent; and 10-year bonds lost 1 bp to yield 4.2925 percent.

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(2017-10-20)
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