Liquidity balanced on Wednesday. Overnight repo rates fell around 8 bps at 2.8435 percent, and 7-day repo rates retreated around 9 bps at 3.3660 percent. Yields of cash T-bonds edged up in steadied trading, with the shorter-dated bond yields rising more sharply. 1-year T-bonds yields firmed 10 bps at 3.58 percent; 5-year T-bonds increased 1.5 bps to yield 3.595 percent; 10-year T-bonds advanced 0.5 bps to yield 3.64 percent. Yields of financial bonds diverged in heavy trading. 1-year bonds issued by China Development Bank remained unchanged to yield 4.12 percent; 5-year bonds issued by the Bank climbed 0.5 bps to yield 4.35 percent; and 10-year bonds lost 1.25 bps to yield 4.3425 percent.

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