The above mentioned IBBM structure and conduct influence the market performance directly, which declines the IBBM's liquidity and makes money market character more obvious.
上述市场结构与行为直接影响市场绩效,银行间债券市场流动性不足,货币市场特征明显。
The commercial Banks are the dominant institutional investors as shown by the market concentration data. This IBBM structure leads to the resemblance of bidding and transaction behaviors.
市场集中度数据分析得出,商业银行是我国银行间债券市场的主导机构投资者,这种市场结构决定了市场趋同性投标行为与交易行为特征明显。
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