2015年5月银行间本币市场运行评述

Review of interbank RMB market performance in May 2015

2015年5月，银行间本币市场交易非常活跃，当月交易总量为50．275亿元，较上月上升20．9％。银行间货币市场流动性充裕，主要品种利率全线下行；现券到期收益率陡峭化下行，信用利差呈现短升长降的特点；互换利率小幅波动下行，主要交易品种收盘曲线趋于陡峭化。

In May 2015, the interbank RMB market traded actively and totaled 50.2 trillion yuan, up 20.9% month-on-month. The liquidity in the interbank money market was abundant, and the interest rates of main terms went down; the yields to maturity of the cash bonds went down steeply, and the credit spreads spotted ＂up in the short-end and down in the long-end＂; the IRS rates went down and fluctuated slightly, and the closing curves of major varieties steepened.