It is shown that the analysis of half-deuterated water (HOD) spectra has advantages over the analysis of ordinary H 2 O spectra when studying their relationship with structural characteristics of liquid. Mechanisms of IR and Raman band formation by OH oscillators (responsible for the differences between these two types of spectral bands) are considered. The effects of H-bond energy extremums and the degeneracy of Hbond geometric states are discussed along with the reasons of these extremums.