Liquidity turned eased on Tuesday. Overnight repo rates surged around 21 bps at 2.3543 percent, and 7-day repo rates jumped around 22 bps at 2.5757 percent. Yields of cash T-bonds inched down in brisk trading. 1-year T-bonds yields remained unchanged at 2.82 percent; 5-year T-bonds fell 3 bps to yield 3.32 percent; 10-year T-bonds dropped 3 bps to yield 3.55 percent. Yields of financial bonds closed lower in heavy trading. 1-year bonds issued by China Development Bank slipped 9 bps to yield 2.93 percent; 5-year bonds issued by the Bank were down 9.75 bps to yield 3.843 percent; and 10-year bonds lost 6.75 bps to yield 4.1775 percent.

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