Liquidity eased on Saturday. Overnight repo rates plunged around 20 bps compared with the previous trading session to close at 2.14 percent, and 7-day repo rates tumbled around 24 bps to yield 2.34 percent. Yields of longer-term cash T-bonds edged down in thinned trading. 1-year T-bonds yields remained unchanged at 2.16 percent; 5-year T-bonds inched down 0.5 bps to yield 2.535 percent; 10-year T-bonds fell 2.5 bps to yield 2.695 percent. Yields of financial bonds were slightly down in steadied trading. 1-year bonds issued by China Development Bank were flat to yield 2.38 percent; 5-year bonds issued by the Bank lost 1 bp to yield 2.89 percent; and 10-year bonds declined 1.75 bps to yield 3.035 percent.

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