Abstract: | In Q1 2010,the interbank market observed smooth performance for foreign exchange,money,bond,interest-rate and exchange-rate derivatives.Money market moved toward tight policy,while short-term interest rates had an inverted V-shaped trend.Mid- and long-end Shibor product rates increased as a whole.The interbank T-bond index rose markedly.The central parity of RMB/USD increased 0.03% quarter-on-quarter,and the RMB/USD swaps quotes demonstrated a stable market expectation of RMB appreciation. |