2014年11月银行间本币市场运行评述

2014年11月，银行间本币市场交易量为29．5万亿元，与上月基本持平，其中债券借贷交易522亿元，创单月交易量历史新高。银行间货币市场先松后紧，短期限品种利率上升；现券市场到期收益率继续走低，信用利差小幅波动；在经济基本面和政策面双重利好作用下，互换利率继续下行。

Review of interbank RMB market performance in November 2014

In November 2014, the interbank RMB market traded 29.5 trillion yuan, basically the same as last month. Of which, the trading of bond lending reached 52.2 billion yuan, a record high for a single month. The interbank money market was first loose then turned tight, and the interest rate of short-term varieties went up. The yields to maturity in the cash bond market continued to go down with small credit spread fluctuation. Boosted by the favorable economic and policy factors, the swap rate went down.