Liquidity remained eased on Monday. Overnight repo rates fell around 4 bps at 2.4649 percent, and 7-day repo rates were little changed at 2.6383 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields slipped 3.5 bps at 2.875 percent; 5-year T-bonds inched down 0.5 bps to yield 3.385 percent; 10-year T-bonds trimmed 2 bps to yield 3.58 percent. Yields of financial bonds ended lower in heavy trading. 1-year bonds issued by China Development Bank slid 2.25 bps to yield 2.89 percent; 5-year bonds issued by the Bank were down 2 bps to yield 3.89 percent; and 10-year bonds lost 1.75 bps to yield 4.125 percent.

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