Liquidity eased on Wednesday. Overnight repo rates fell around 2 bps at 2.3726 percent, and 7-day repo rates were little changed at 2.6127 percent. Yields of cash T-bonds diverged in brisk trading. 1-year T-bonds yields rose 2 bps at 2.86 percent; 5-year T-bonds remained unchanged to yield 3.38 percent; 10-year T-bonds inched down 1 bp to yield 3.5775 percent. Yields of financial bonds were mixed in heavy trading. 1-year bonds issued by China Development Bank slid 1 bp to yield 2.93 percent; 5-year bonds issued by the Bank were flat to yield 3.89 percent; and 10-year bonds lost 0.25 bps to yield 4.14 percent.

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