Liquidity balanced on Wednesday. Overnight repo rates fell around 3 bps at 2.7080 percent, and 7-day repo rates slumped around 13 bps at 3.1572 percent. Yields of cash T-bonds diverged in brisk trading. 1-year T-bonds yields remained unchanged at 3.28 percent; 5-year T-bonds were flat to yield 3.69 percent; 10-year T-bonds were also flat to yield 3.84 percent. Yields of financial bonds were mixed in heavy trading. 1-year bonds issued by China Development Bank slid 1.5 bps to yield 4.16 percent; 5-year bonds issued by the Bank added 1 bp to yield 4.81 percent; and 10-year bonds gained 0.75 bps to yield 4.9275 percent.

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