2018年11月银行间市场运行报告

China's Interbank Market Performance in November 2018

2018年11月,货币市场利率中枢小幅上移;债券市场收益率总体延续下行走势;利率互换曲线小幅波动。人民币汇率基本稳定,对美元小幅升值;人民币汇率波幅有所扩大;外汇期权隐含波动率全面上升;外汇掉期曲线倒挂明显。

In November 2018,the money market interest rates moved up slightly;the bond yields continued to decline; the IRS curve fluctuated within a small range.The RMB exchange rate maintained basically stable,with a slight appreciation against the USD;the volatility of RMB exchange rate expanded;the implied volatility of FX options rose across the board;the FX swap curve was markedly inverted.