成交量大幅增长市场利率先扬后抑 2007年1季度全国银行间同业拆借与债券系统交易情况综述

2007年1季度，全国银行间货币和债券市场运行平稳。各市场成交量大幅增长，货币市场流动性较为充足，春节及新股发行等因素使市场资金一度趋紧，货币市场利率呈倒“V”型走势；债券综指受加息影响稳中趋降，收益率曲线整体上移。

Turnover increased greatly and market rates rose before slipping Report of the interbank money and bond system in Q1 2007

In the first quarter of 2007, the national interbank money and bond market fared smoothly. Turnover expanded significantly in all markets; the money market enjoyed deep liquidity; fund supply in the market experienced some tight days in Q1 due to the Spring Festival and IPOs; money market rates followed a reversed V-shaped path; the composite bond index remained generally stable, but tending to decline; the yield curve shifted upward generally.