Tightening liquidity eased a little bit late on Wednesday. Overnight repo rates slumped around 20 bps compared with the previous trading session to close at 3.0729 percent, and 7-day repo rates plunged around 42 bps at 4.5903 percent. Yields of cash T-bonds diverged in thinned trading. 1-year T-bonds yields rose 1 bp at 2.85 percent; 5-year T-bonds added 1.5 bps to yield 3.14 percent; 10-year T-bonds inched down 0.5 bps to yield 3.305 percent. Yields of financial bonds turned lower in heavy trading. 1-year bonds issued by China Development Bank remained unchanged to yield 3.65 percent; 5-year bonds issued by the Bank were flat to yield 4.06 percent; and 10-year bonds lost 1.5 bps to yield 4.0975 percent.

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