Liquidity balanced on Monday. Overnight repo rates jumped around 11 bps compared with the previous trading session to close at 2.4542 percent, and 7-day repo rates rallied around 10 bps at 2.8317 percent. Yields of cash T-bonds were little changed in brisk trading. 1-year T-bonds yields remained unchanged at 2.79 percent; 5-year T-bonds were flat to yield 3.04 percent; 10-year T-bonds were also flat to yield 3.355 percent. Yields of financial bonds barely moved in heavy trading. 1-year bonds issued by China Development Bank remained unchanged to yield 3.34 percent; 5-year bonds issued by the Bank were flat to yield 4.03 percent; and 10-year bonds gained 1 bp to yield 4.165 percent.

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