2020年7月银行间市场运行报告

China’s Interbank Market Performance in July 2020

7月,货币市场利率中枢上移,波动幅度收窄;债券市场成交量放大,国债收益率波动上行;利率互换曲线五年期以下品种逐步上行,长端稳定;人民币对美元汇率先贬后升;人民币汇率指数小幅波动;人民币外汇掉期点长端上扬,人民币汇率期权波动率先升后降;外汇市场交易量显著上升。

In July,the interest rate pivot of the money market moved upward with narrowed volatilities;the trading volume of the bond market increased,and the yields of treasury bonds rose with fluctuations;the IRS curve of varieties below 5Y shifted up gradually while the long end remained stable;the USD/RMB exchange rate presented a V-shaped movement;the RMB index fluctuated slightly;the long end of RMB FX swap points shifted upward,and the volatility of RMB exchange rate options presented a reversed V-shaped movement;the trading volume of the FX market increased significantly.