2015年11月银行间市场运行报告

China＇s interbank market performance in November 2015

11月，银行间市场的整体运行特点是：资金面维持宽松，货币市场利率以下行为主；短端国债利率上涨，国债收益率曲线趋缓；利率互换收盘曲线整体上移；人民币对美元汇率持续小幅贬值，外汇市场交易保持较快增长；人民币正式加入SDR，货币直接交易再添瑞郎，外汇市场开放进一步明确；外汇衍生品交易量继续增长，掉期曲线长端有所上移，期权波动率继续维持高位。

In November, the overall characteristics of the interbank market performance were as follows： the market liquidity maintained abundant, and the money market interest rates went down mostly; the short-term T-bond rates went up, and the T-bond yield curve flattened; the IRS closing curve shifted up as a whole; the USD/CNY exchange rate depreciated slightly the FX market trading maintained a rapid growth; RMB was formally included in SDR, CHF was added to the direct trading currencies, and the FX market openness was defined further; the trading volume of FX derivatives increased continuously, the long end of swap curve shifted up slightly, and the volatility of options remained at a higher level.