摘要
2011年上半年,我国货币政策保持稳健,政策累积效应逐步显现。银行间债券市场的主要运行特点是:债券指数受资金面影响呈一波三折的走势,收益率曲线平坦化;除央票发行量下降外,包括政府和各类企业的实际融资需求和融资量仍有显著上升;债券余额小幅增长;回购交易持续活跃;现券交易同比上升,环比下降;利率衍生产品交易规模大幅增长。
In the first half of 2011,China maintained the prudent monetary policy and its accumulative effects appeared.The interbank bond market had the main characteristics as follows：the bond index experienced ups and downs under the impact of fund situations and the yield curve turned flat;except for a drop in central bank bill issuance,actual financing demand and volume of the government and various enterprises continued to rise obviously;bonds outstanding increased slightly;bond repo trading remained active;cash-bond trading experienced an increase compared with H1 2010 but a decline compared with H2 2010;and the trading volume of interest rate derivatives increased greatly.
出处
《中国货币市场》
2011年第7期8-13,共6页
China Money
关键词
债券发行
债券余额
现券交易
bond issuance
bonds outstanding
cash-bond trading
