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ICBC Global Market: RMB Interest Rate Market Update - January 3, 2017
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Liquidity eased on Friday. Overnight repo rates fell around 4 bps compared with the previous trading session to close at 2.1250 percent, and 7-day repo rates tumbled around 55 bps to yield 3.0140 percent. Yields of cash T-bonds diverged in thinned trading. 1-year T-bonds yields remained unchanged at 2.60 percent; 5-year T-bonds were flat to yield 2.86 percent; 10-year T-bonds inched down 1 bp to yield 3.03 percent. Yields of financial bonds were little changed in steadied trading. 1-year bonds issued by China Development Bank were flat to yield 3.28 percent; 5-year bonds issued by the Bank remained unchanged to yield 3.69 percent; and 10-year bonds were also flat to yield 3.68 percent.
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(2017-01-03)
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