成交量继续萎缩 利率小幅波动——2004年5月银行间同业拆借与债券系统交易情况综述

Turnover continues to shrink;interest rates fluctuate slightly REPORT ON THE INTERBANK LENDING & BOND SYSTEM IN MAY 2004

2004年5月份,全国银行间同业拆借和债券市场交易量再创新低,拆借和回购利率小幅波动,市场资金面由松趋紧,现券市场震荡上行。本月买断式回购正式启动,标志着做空交易机制正式引入银行间债券市场。

In May 2004, turnover on the interbank lending and bond market fell to a record low. Interest rates for lending and repo fluctuated slightly. The supply of funds was tightened. Bond market moved upward. Outright repo was officially launched this month, indicating the official introduction of shortselling mechanism on the interbank bond market.