成交量继续萎缩 市场利率相对平稳——2004年8月全国银行间同业拆借与债券系统交易情况综述

Shrinking turnover amid stable market rates——REPORT ON THE INTERBANK LENDING & BOND SYSTEM IN AUGUST 2004

2004年8月,全国银行间同业拆借和债券市场相对平稳,成交量继续小幅萎缩,货币市场利率相对平稳;债券市场受升息预期抬头的影响,中长期债券品种受到冲击,债券综指在短债持续活跃的带动下微幅上扬。

In August 2004,the national interbank lending and bond market was comparatively stable.Turnover continued to shrink slightly;money market rates remained comparatively stable.Medium-and long-term bonds were affected by increasing anticipation of a rate increase.The Bond Composite Index inched upward,led by the continuous dynamics of short -term bonds.