Liquidity eased on Friday. Overnight repo rates tumbled around 58 bps compared with the previous trading session to close at 2.3952 percent, and 7-day repo rates plunged around 66 bps at 2.9017 percent. Yields of cash T-bonds edged down in thinned trading. 1-year T-bonds yields fell 5 bps at 2.65 percent; 5-year T-bonds inched down 1 bp to yield 2.93 percent; 10-year T-bonds slipped 1 bp to yield 3.24 percent. Yields of financial bonds turned lower in steadied trading. 1-year bonds issued by China Development Bank remained unchanged to yield 3.20 percent; 5-year bonds issued by the Bank were down 3 bps to yield 3.73 percent; and 10-year bonds lost 2.25 bps to yield 3.815 percent.

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