→ ag7:對台股也有影響喔...請自行研究... 61.230.3.107 07/22
※ 編輯: ag7 來自: 61.230.3.107 (07/22 00:32)
人民幣在7/21晚間七點突然宣佈升值 2% 囉!!
雖然仍低於普遍外商預期.....不過對金融市場仍是一震撼彈.....
在此貼一篇人民幣升值對美債影響的報導(美債會影響亞債)
也可解釋為何之前FED升息,短券利率彈,長債利率卻不彈的現象
(台灣很多記者寫債的新聞都錯誤百出)
它不可能用一句"奇怪or不合理"來解釋
很多是因為供需問題
尤其有許多亞洲央行或國際投資者會買美債
影響債市的因素非常多
以下是CNN的報導.....大家參考看看囉~~
Bonds tumble on China yuan revaluation
Longer-dated Treasuries drift after Beijing revalues currency 2.1%, ends peg
to dollar.
July 21, 2005: 11:23 AM EDT
Bonds tumble on China yuan revaluation
Longer-dated Treasuries drift after Beijing revalues currency 2.1%, ends peg
to dollar.
July 21, 2005: 11:23 AM EDT
NEW YORK (Reuters) - Treasuries, particularly longer-dated securities, fell
hard Thursday morning on news that China had revalued its currency, sparking
concern Chinese demand for U.S. debt might start to fade.
The dollar was mixed as the yen rallied on news of the revaluation, which
ended the yuan's peg to the dollar.
Subsequent news on Thursday of fresh emergencies at three London subway
stations did not trigger a flight-to-quality into the safe-haven Treasuries
market.
The benchmark 10-year note lost 25/32 of a point to 98-30/32 to yield 4.26
percent, up from 4.17 percent late Wednesday, and the 30-year bond fell
1-14/32 to 113-18/32 to yield 4.47 percent, up from 4.39 percent the previous
session. Treasury prices and yields move in opposite directions.
In shorter-dated bonds, the five-year note declined 13/32 of a point to
99-5/32 to yield 4.06 percent, while the two-year note was down three tick to
99-14/32, yielding 3.92 percent.
While a China revaluation at 2.1 percent was modest, the market's concern
clearly reflected the critical role foreign central banks have played in
keeping long-term rates low even as the Federal Reserve has raised short-term
rates.
"It was a token revaluation at 2.1 percent. But It's going to potentially
create less demand on the long end," said one trader at a Wall Street
Treasury dealer.
The consequence of the collective effect of Thursday's action was a widening
spread between the yield on the two- and 10-year notes to 31 basis points
from 28 basis points on Wednesday.
That spread has been narrowing dramatically since the Fed began raising
short-term rates just over a year ago -- in part because of buying by foreign
central banks.
Still, some economists were injecting a cautionary note, saying that the
revaluation would do little to alter China's appetite for U.S. debt.
"They're going to continue to accumulate dollars that will be invested in
U.S. Treasuries. So I don't think this is anything that spells the end of
Chinese buying of U.S. Treasuries at all," said Chris Rupkey, senior
financial economist at Bank of Tokyo-Mitsubishi in New York. "I would say
(Friday's downward move) is a one-day event."
In currency trading, the dollar fell against the yen but gained against the
euro.
The euro bought $1.2117, down slightly from $1.2163 late Wednesday, while the
dollar bought ?10.66, down from ?12.70 in the previous session.
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生命是一襲華美的衫子 爬滿了蝨子
つまらない 人生 !!!
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