The central bank: the trading volume of treasury futures market will reach 97.0 trillion yuan by 2025, an increase of 43.9% compared to 2024.

On February 11th, the central bank released the operation of the financial market in 2025. In 2025, the turnover of RMB derivatives in the interbank market reached 58.5 trillion yuan, an increase of 58.6% compared to 2024. By the end of 2025, the closing price of the 1-year FR007 swap rate was 1.50%, an increase of 3 basis points from the end of 2024. The turnover of the bond futures market in 2025 was 97.0 trillion yuan, an increase of 43.9% compared to 2024. By the end of 2025, the open interest of bond futures was 648,000 contracts, an increase of 30.4% from the end of 2024; the closing price of the 10-year bond futures main contract was 107.9 yuan, a decrease of 1.0% from the end of 2024.