China’s bond market reproduction of the largest one-day decline! gigolos

China’s bond market reproduction of the largest one-day decline! Sina fund exposure platform: letter Phi lags behind false propaganda, long-term performance is lower than similar products, how to buy funds pit? Click [I want to complain], Sina help you expose them! On Tuesday after 14 days of reverse repurchase again lead to bond "murder", after a brief adjustment of the bond market fell again today. 10 years China futures, Treasury futures contract closing down 0.35%; spot, due in 2026, 2.74% coupon bond prices fall, yields rose 5 basis points to 2.755%, 10 years CDB bonds 160210 active uplink rate is more than 4 basis points. Since the opening of the current round of bond market fell, the long end of the interest rate bond yields rebounded by 15 basis points. Think of Kyushu securities global chief economist Deng Haiqing comments, a starting point is the current round of bullish bond market adjustment; the central bank to control the financial capital, overnight funds availability declined, the central bank’s monetary policy is expected to change, is the key to bond yields upward. For the time being, the improvement of corporate earnings, high frequency data to the good, China’s economy L type at the end of the determination, it is the key to this week’s bond adjustment. The starting point is: 1, benefit from the bond market this round of adjustment, after the August 15th economic data released weak bond futures, began to fall. 7-8 month pessimistic economic expectations led to a large number of crowded trading, easing is expected to heat up the influx of speculative disk led to a bubble in the bond market. From a technical perspective, bond futures rose after months of long, floating profit more, there is profit taking pressure. 2, the central bank to regulate and control the funds out of the overnight availability of funds decreased, the central bank’s monetary policy is expected to change, is the key to bond yields upward. Since last week, the central bank to restart the repurchase of 14 days to show its intention to tighten monetary policy easing excessive easing. After the central bank open market operation 14 days repurchase amount remained on the 7 day reverse repurchase operation on the ratio of 1:2, showed its firm intention long duration funds. To leverage the high volatility of their own funds, the market itself to enhance the bond market’s fear of fear, from last week to this week, a sharp correction in the market. 3, improve corporate earnings, high frequency data to the good, the Chinese economy L type at the end, is the key to this week’s bond adjustment. Corporate earnings data released on Saturday far exceeding market expectations, the continued improvement in corporate earnings so that investors for long-term economic growth is expected to get a marginal marginal correction. In addition to the three or four quarter of the real estate market in the downlink channel is expected, is an important cause of easing is expected to exist for a long time. But from the actual performance, July real estate prices upward expansion, 8 real estate transaction frequency data appeared significantly warmer, and real estate related cement prices continue upward, performance is very brisk and ultra expected real estate. Downstream of the economy, beyond the real estate industry, car sales are also growing. Many data show that the current Chinese economy L type at the end of the more determined, the existence of long-term easing of the bond market is expected to be revised. CRE securities Qu Qing bond group in a report earlier today in is mentioned, with the Fed on相关的主题文章: