Liquidity remained eased on Monday. Overnight repo rates rallied around 11 bps at 2.7553 percent, and 7-day repo rates jumped around 15 bps at 3.2515 percent. Yields of cash T-bonds edged up in brisk trading. 1-year T-bonds yields rose 2 bps at 3.77 percent; 5-year T-bonds increased 3.5 bps to yield 3.8850 percent; 10-year T-bonds climbed 2 bps to yield 3.93 percent. Yields of financial bonds turned higher in heavy trading. 1-year bonds issued by China Development Bank were flat to yield 4.52 percent; 5-year bonds issued by the Bank firmed 3 bps to yield 4.74 percent; and 10-year bonds gained 6 bps to yield 4.83 percent.

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