Liquidity eased on Wednesday. Overnight repo rates fell around 3 bps at 2.6262 percent, and 7-day repo rates slumped around 14 bps at 3.0619 percent. Yields of cash T-bonds edged down in steadied trading. 1-year T-bonds yields remained unchanged at 3.28 percent; 5-year T-bonds inched down 0.05 bps to yield 3.71 percent; 10-year T-bonds inched up 0.05 bps to yield 3.815 percent. Yields of financial bonds turned lower in stabilized trading. 1-year bonds issued by China Development Bank were flat to yield 4.18 percent; 5-year bonds issued by the Bank slid 1.75 bps to yield 4.765 percent; and 10-year bonds lost 2.75 bps to yield 4.865 percent.

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