Liquidity eased on Thursday. Overnight repo rates were little changed compared with the previous trading session to close at 2.2621 percent, and 7-day repo rates fell around 7 bps at 2.7017 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields remained unchanged at 2.85 percent; 5-year T-bonds inched down 1 bp to yield 3.05 percent; 10-year T-bonds shed 5 bps to yield 3.39 percent. Yields of financial bonds turned lower in heavy trading. 1-year bonds issued by China Development Bank were flat to yield 3.30 percent; 5-year bonds issued by the Bank dropped 4 bps to yield 4.00 percent; and 10-year bonds lost 5.5 bps to yield 4.10 percent.

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