2020年8月银行间市场运行报告

China’s Interbank Market Performance in August 2020

8月,流动性合理充裕,货币市场利率小幅稳步上行;国债收益率延续上行趋势,债券市场成交量同比增加;利率互换市场利率上行,成交量同比略降;人民币对美元汇率快速走升,外汇储备持续增加;结售汇市场供求平衡,外汇市场运行稳定;人民币外汇掉期曲线整体小幅上移,人民币汇率期权波动率逐步走低;外汇市场交易量保持稳定。

In August,the liquidity maintained reasonably accommodative,and money market interest rates edged up steadily;the treasury bond yield continued its upward trend,and the trading volume of the bond market increased year-on-year;interest rates of the IRS market rose,and the trading volume fell slightly year-on-year;the USD/RMB exchange rate rallied,and the official FX reserves continued to increase;the supply and demand in the FX purchase and sale market were balanced,and the FX market operated stably;the overall RMB FX swap curve moved upward slightly,and the volatility of CNY options decreased gradually;the trading volume of the FX market remained stable.