Liquidity eased on Tuesday. Overnight repo rates inched down around 1 bp at 2.3880 percent, and 7-day repo rates were little changed at 2.6105 percent. Yields of cash T-bonds diverged in brisk trading. 1-year T-bonds yields rose 0.5 bps at 2.84 percent; 5-year T-bonds added 0.5 bps to yield 3.38 percent; 10-year T-bonds fell 0.75 bps to yield 3.5875 percent. Yields of financial bonds were mixed in heavy trading. 1-year bonds issued by China Development Bank climbed 5 bps to yield 2.94 percent; 5-year bonds issued by the Bank were down 2.5 bps to yield 3.89 percent; and 10-year bonds lost 2.5 bps to yield 4.1425 percent.

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