Liquidity eased on Friday. Overnight repo rates fell around 3 bps at 2.5080 percent, and 7-day repo rates dropped around 4 bps at 2.5908 percent. Yields of cash T-bonds diverged in steadied trading. 1-year T-bonds yields retreated 2 bps at 2.83 percent; 5-year T-bonds inched down 0.5 bps to yield 3.485 percent; 10-year T-bonds added 1 bps to yield 3.66 percent. Yields of financial bonds turned lower in stable trading. 1-year bonds issued by China Development Bank slipped 0.5 bps to yield 3.095 percent; 5-year bonds issued by the Bank were down 0.5 bps to yield 4.0375 percent; and 10-year bonds lost 1.5 bps to yield 4.2325 percent.

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