Pimco tends to reduce its holdings of longer-term US Treasury bonds. The main reason is the rising deficit. Marc Seidner and Pramol Dhawan, managing directors of Pimco, wrote in a report on Monday that they have been "reducing the allocation of longer-term bonds" and prefer short-term US Treasury bonds. As the size of US Treasury bonds soared from $17 trillion before the outbreak to nearly $29 trillion, the concern about the increase in the yield of long-term treasury bonds caused by the increase in US debt has become a flash point in the market. What investors are most worried about is the recurrence of the phenomenon of "bond self-defense forces" in the 1980s and early 1990s, that is, some bondholders aggressively sold US Treasury bonds because of the huge government financial expenditure. Seidner and Dhawan wrote, "It is difficult to predict the sudden reaction of the market to long-term trends. No organized self-defense force is prepared to take action on a specific debt threshold, and changes in investor behavior usually occur over time. " Pimco said that in view of the sustainability of US debt and the impact of potential inflation catalysts on the labor force, the institution hesitated to buy long-term debt.Governor of the Turkish Central Bank: The prudent monetary policy stance of the Turkish Central Bank has had a positive impact on foreign exchange reserves, and the anti-inflation process continues.The random shooting incident in Damascus, the capital of Syria, has killed 28 people. It was learned on the 9th local time that the random shooting incident in Damascus, the capital of Syria, the previous day had killed 28 people. (CCTV)
FTSE China A50 index futures rose to 2%.Multi-path exploration of central enterprises to strengthen the top-level design of market value management is expected. Over the past year, central enterprises have actively explored effective paths of market value management, comprehensively used dividends, repurchases, holdings of major shareholders and other means to enhance investment value, and put forward measures such as doing a good job in the main business, strengthening innovative research and development, accelerating the layout of new industries, deepening reforms, and laying a good "combination boxing" to improve quality and efficiency. At the same time, the institutional construction of market value management is also being actively promoted. Many state-owned assets experts analyzed that market value management, as a long-term systematic project in the capital market, depends on the joint efforts of society. It is suggested that the relevant state departments should carry out top-level design of its theoretical connotation, strategic objectives and development path, issue clear plans and guidelines, clarify the responsibilities and tasks of relevant parties, clearly define the red line and bottom line of market value management, continuously unite the consensus of all parties, guide the continuous scientific evolution, and gradually push market value management deeper. (CBN)Governor of the Turkish Central Bank: The prudent monetary policy stance of the Turkish Central Bank has had a positive impact on foreign exchange reserves, and the anti-inflation process continues.
Offshore RMB rose above 7.26 against the US dollar, and currently rose by over 250 points in the day, with an increase of 0.35%.Turkish President Erdogan: Assad fled after Syria was reduced to ruins, and Assad and his regime rejected Turkey's call for dialogue.Xinhua Viewpoint: "Changing the expression of monetary policy from' prudent' to' moderately loose' means that China continues to adhere to a supportive monetary policy stance. In the early morning of December 10th, Xinhuanet published an article" Xinhua Viewpoint: Looking at the New Trends of Economic Work in 2025 from Politburo meeting of the Chinese Communist Party ",pointing out that at present, China's development is facing many uncertainties and challenges. To do a good job in economic work next year, we must strengthen our confidence in winning. Further comprehensively deepen reform, open wider to the outside world at a high level, implement more active and promising macro policies, expand domestic demand and stabilize the property market and stock market ... Politburo meeting of the Chinese Communist Party has made a series of important arrangements for economic work next year. The expression "moderately loose monetary policy" at the meeting attracted people's attention. "The expression of monetary policy has changed from' steady' to' moderately loose', which means that China will continue to adhere to a supportive monetary policy stance, maintain a reasonable and abundant liquidity, further reduce the comprehensive financing costs of enterprises and residents, and create a good monetary and financial environment for promoting sustained economic recovery." Wen Bin, chief economist of China Minsheng Bank, said that it was more than 10 years before China's monetary policy was "moderately loose". Judging from the actual operation, monetary policy is flexible and moderate in implementation. Since the beginning of this year, the market generally feels that China's monetary policy has been in a stable and slightly loose state.
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide 12-13
Strategy guide