2013年11月银行间市场运行报告

2013年11月，银行间市场主要运行特点是：货币市场中长期利率持续走高，交易量同比小幅上升；债券市场10年期国债收益率再创新高，下旬初现回暖势头；人民币利率互换曲线整体上移，曲线形态趋于平缓；人民币对美元汇率中间价继续走强．但交易汇率盘整震荡，即期成交量有所放大；外汇衍生品交易活跃，掉期点先升后降，境内外市场衍生品价差扩大。

China＇s interbank market performance in November 2013

In November 2013, the main characteristics of the interbank markets were as follows： the money market interest rates of mid- and long-term continued to go up and the trading volume increased slightly year-on-year; the 10Y T-bond yield hit a new high again and the bond market presented a recovery trend in late November; the RMB IRS curve moved upward as a whole and the curve turned flat; the central parity of USD/CNY continued to be strong, but the trading rate consolidated with fluctuations and the spot trading volume increased slightly; the trading of exchange rate derivatives was active, the swap points first rose but then dropped, and the spreads between onshore and offshore derivatives expanded.