Liquidity eased on Wednesday. Overnight repo rates fell around 10 bps compared with the previous trading session to close at 2.4153 percent, and 7-day repo rates tumbled around 37 bps to yield 3.2765 percent. Yields of cash T-bonds edged down in brisk trading. 1-year T-bonds yields dropped 16 bps at 2.85 percent; 5-year T-bonds slipped 10 bps to yield 3.10 percent; 10-year T-bonds shed 13 bps to yield 3.22 percent. Yields of financial bonds turned lower in heavy trading. 1-year bonds issued by China Development Bank inched down 1 bp to yield 3.39 percent; 5-year bonds issued by the Bank plunged 13 bps to yield 3.86 percent; and 10-year bonds lost 16 bps to yield 3.75 percent.

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