Liquidity eased on Wednesday. Overnight repo rates fell around 3 bps at 2.5934 percent, and 7-day repo rates rose around 4 bps at 2.9916 percent. Yields of cash T-bonds edged up in steadied trading. 1-year T-bonds yields added 3.5 bps at 3.185 percent; 5-year T-bonds advanced 3 bps to yield 3.50 percent; 10-year T-bonds remained unchanged to yield 3.66 percent. Yields of financial bonds diverged in heavy trading. 1-year bonds issued by China Development Bank inched up 1 bp to yield 3.97 percent; 5-year bonds issued by the Bank slid 0.5 bps to yield 4.355 percent; and 10-year bonds lost 1.25 bps to yield 4.4525 percent.

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