Liquidity turned eased on Wednesesday. Overnight repo rates rose around 2 bps at 2.3707 percent, and 7-day repo rates rallied around 5 bps at 2.6246 percent. Yields of cash T-bonds diverged in steadied trading. 1-year T-bonds yields fell 2 bps at 2.80 percent; 5-year T-bonds remained unchanged to yield 3.32 percent; 10-year T-bonds added 3 bps to yield 3.58 percent. Yields of financial bonds closed higher in stable trading. 1-year bonds issued by China Development Bank firmed 11 bps to yield 3.04 percent; 5-year bonds issued by the Bank were up 2.25 bps to yield 3.865 percent; and 10-year bonds gained 3.25 bps to yield 4.21 percent.

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