Liquidity eased on Tuesday. Overnight repo rates fell around 4.31 bps at 2.5433 percent, and 7-day repo rates jumped around 50 bps at 4.5147 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields remained unchanged at 3.2650 percent; 5-year T-bonds inched down 1 bp to yield 3.43 percent; 10-year T-bonds dropped 1 bp to yield 3.58 percent. Yields of financial bonds turned slightly lower in heavy trading. 1-year bonds issued by China Development Bank slid 2 bps to yield 3.92 percent; 5-year bonds issued by the Bank were flat to yield 4.22 percent; and 10-year bonds lost 0.5 bps to yield 4.3125 percent.

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