Liquidity eased on Wednesday. Overnight repo rates were little changed at 2.6160 percent, and 7-day repo rates fell around 9 bps at 3.0669 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields inched down 1 bp at 3.27 percent; 5-year T-bonds remained unchanged to yield 3.66 percent; 10-year T-bonds dropped 2 bps to yield 3.765 percent. Yields of financial bonds were mixed in heavy trading. 1-year bonds issued by China Development Bank slid 2 bps to yield 4.10 percent; 5-year bonds issued by the Bank decreased 1.5 bps to yield 4.75 percent; and 10-year bonds gained 1.25 bps to yield 4.8725 percent.

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