Liquidity remained eased on Wednesday. Overnight repo rates inched down around 1 bp at 2.3742 percent, and 7-day repo rates surged around 21 bps at 2.9063 percent. Yields of cash T-bonds diverged in brisk trading. 1-year T-bonds yields fell 3 bps at 3.02 percent; 5-year T-bonds rose 1 bp to yield 3.34 percent; 10-year T-bonds added 1 bp to yield 3.57 percent. Yields of financial bonds were mixed in heavy trading. 1-year bonds issued by China Development Bank dropped 2 bps to yield 3.22 percent; 5-year bonds issued by the Bank were flat to yield 3.975 percent; and 10-year bonds gained 3 bps to yield 4.29 percent.

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