Liquidity eased on Wednesday. Overnight repo rates fell around 8 bps at 2.5299 percent, and 7-day repo rates declined around 5 bps at 2.8198 percent. Yields of cash T-bonds edged down in steadied trading. 1-year T-bonds yields remained unchanged at 3.10 percent; 5-year T-bonds inched down 0.5 bps to yield 3.305 percent; 10-year T-bonds slid 1 bp to yield 3.47 percent. Yields of financial bonds edged down in heavy trading. 1-year bonds issued by China Development Bank dropped 1 bp to yield 3.39 percent; 5-year bonds issued by the Bank slipped 3 bps to yield 3.935 percent; and 10-year bonds lost 1.75 bps to yield 4.165 percent.

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