Liquidity eased on Monday. Overnight repo rates rose 3 bps compared with the previous trading session to close at 2.2692 percent, and 7-day repo rates rallied 4 bps to yield 2.6105 percent. Yields of cash T-bonds edged up in steadied trading. 1-year T-bonds yields added 5 bps at 2.55 percent; 5-year T-bonds advanced 7 bps to yield 2.90 percent; 10-year T-bonds firmed 7.25 bps to yield 3.16 percent. Yields of financial bonds turned higher in heavy trading. 1-year bonds issued by China Development Bank jumped 15 bps to yield 3.15 percent; 5-year bonds issued by the Bank increased 11 bps to yield 3.54 percent; and 10-year bonds gained 11 bps to yield 3.57 percent.

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