Liquidity eased on Friday. Overnight repo rates fell around 10 bps compared with the previous trading session to close at 2.3261 percent, and 7-day repo rates slumped around 52 bps to yield 2.7347 percent. Yields of cash T-bonds edged up in brisk trading. 1-year T-bonds yields shot up 5 bps at 2.45 percent; 5-year T-bonds rose 2 bps to yield 2.79 percent; 10-year T-bonds firmed 2 bps to yield 3.01 percent. Yields of financial bonds turned higher in heavy trading. 1-year bonds issued by China Development Bank added 5 bps to yield 2.85 percent; 5-year bonds issued by the Bank inched up 1 bp to yield 3.35 percent; and 10-year bonds gained 1.75 bps to yield 3.36 percent.

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