Liquidity eased on Wednesday. Overnight repo rates fell around 6.25 bps at 2.5334 percent, and 7-day repo rates rose around 5 bps at 2.8733 percent. Yields of cash T-bonds edged up in brisk trading. 1-year T-bonds yields remained unchanged at 2.90 percent; 5-year T-bonds added 7 to yield 3.39 percent; 10-year T-bonds climbed 1.5 bps to yield 3.71 percent. Yields of financial bonds turned higher in heavy trading. 1-year bonds issued by China Development Bank increased 4 bps to yield 3.72 percent; 5-year bonds issued by the Bank firmed 4 bps to yield 4.38 percent; and 10-year bonds gained 3.5 bps to yield 4.525 percent.

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