Liquidity remained eased on Tuesday. Overnight repo rates fell around 20 bps at 1.6295 percent, and 7-day repo rates slid around 2 bps at 2.3226 percent. Yields of cash T-bonds diverged in brisk trading. 1-year T-bonds yields shed 12 bps at 2.55 percent; 5-year T-bonds inched down 0.5 bps to yield 3.14 percent; 10-year T-bonds rose 4 bps to yield 3.50 percent. Yields of financial bonds were range-bound in heavy trading. 1-year bonds issued by China Development Bank dropped 11 bps to yield 2.66 percent; 5-year bonds issued by the Bank were down 1 bp to yield 3.68 percent; and 10-year bonds gained 3.5 bps to yield 4.145 percent.

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