| Abstract: | In February 2013, the interbank market developed stably on the whole. Its main characteristics were as follows： the money market interest rate went up on the whole; the T-bond yield curve fluctuated slightly; the deviation of the USD/CNY trading price from the central parity was further reduced, the daily fluctuations enlarged, and the onshore and offshore spot trading spread was obviously shrank; the IRS short-end interest rate went up slightly, while the mid- and long-end rates remained steady; the trading in the exchange rate derivatives market continued to grow. |
