Liquidity balanced on Monday. Overnight repo rates rose around 3 bps at 2.8077 percent, and 7-day repo rates rallied around 7 bps at 3.4240 percent. Yields of cash T-bonds diverged in steadied trading. 1-year T-bonds yields remained unchanged at 3.77 percent; 5-year T-bonds were down 1.5 bps to yield 3.825 percent; 10-year T-bonds were flat to yield 3.885 percent. Yields of financial bonds were mixed in stable trading. 1-year bonds issued by China Development Bank were flat to yield 4.55 percent; 5-year bonds issued by the Bank were also flat to yield 4.77 percent; and 10-year bonds gained 0.5 bps to yield 4.7925 percent.

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