近年来同业存单市场运行情况及展望

Interbank CD market performance and outlook

随着货币政策的不断放松，及同业业务监管和规范力度的加强，近年来同业存单业务在利率市场化的大潮中迎来了新的快速发展契机。其发展特点主要表现为：一级市场发行量大幅增长；二级市场交易活跃；与其他资金利率呈同向变动；发行交易主体随市场上资产负债配置需求的增长不断扩容等。未来随着市场供需两旺形势的延续，市场规模有望进一步扩大。

In light of monetary policy easing and strengthening interbank regulation and standardization, new development opportunity has emerged for interbank CD business in interest rate marketization in recent years. The development features include： significant growth in primary market issuing, active trading in secondary market, same-direction changes with other money market interest rates, and expansion of issuers and traders arising from growth in demand for asset-liability allocation. Following the strong market demand and supply in future, the market scale is expected to expand further.