Liquidity was balanced on Wednesday. Overnight repo rates inched up around 1 bp at 2.9207 percent, and 7-day repo rates rallied around 10 bps at 3.7125 percent. Yields of cash T-bonds diverged in steadied trading. 1-year T-bonds yields fell 1 bp at 3.38 percent; 5-year T-bonds rose 3 bps to yield 3.545 percent; 10-year T-bonds added 2 bps to yield 3.61 percent. Yields of financial bonds were mixed in heavy trading. 1-year bonds issued by China Development Bank were flat to yield 3.70 percent; 5-year bonds issued by the Bank climbed 2 bps to yield 4.13 percent; and 10-year bonds gained1.95 bps to yield 4.213 percent.

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