Liquidity remained balanced on Monday. Overnight repo rates surged around 28 bps at 2.1448 percent, and 7-day repo rates rallied around 8 bps at 2.3564 percent. Yields of cash T-bonds edged up in brisk trading. 1-year T-bonds yields rose 8 bps at 2.82 percent; 5-year T-bonds added 7 bps to yield 3.35 percent; 10-year T-bonds firmed 3 bps to yield 3.58 percent. Yields of financial bonds closed higher in heavy trading. 1-year bonds issued by China Development Bank climbed 12 bps to yield 3.02 percent; 5-year bonds issued by the Bank were up 9 bps to yield 3.94 percent; and 10-year bonds gained 6 bps to yield 4.245 percent.

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