| Abstract: | In October 2014 the main characteristics of the interbank market 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 went strong and the T-bond yield curve shifted down obviously; the RMB trading rate remained strong, and its deviation from central parity enlarged modestly; the RMB IRS curve moved downward as a whole, and the trading volume had a significant year-on-year increase; the FX derivatives were traded actively, the FX swap curve kept the same as September, and the volatility of option went up slightly. |
