| Abstract: | In November 2014, the main characteristics of the interbank market performance were as follows： the RMB market liquidity remained abundant, the long-term interest rates went down and the short-term interest rates went up slightly; the bond market traded actively, and the T-bond yield curve shifted down continuously; the USD/CNY trading rate went down, while the exchange rates of RMB against non-USD currencies went strong generally, and the direct trading was very active; the RMB IRS curve moved downward as a whole, and the trading volume had a significant year-on-year increase; the trading volume of FX derivatives successively surpassed that of FX spot, and the option trading had an outstanding growth. |
