Lower demand for the bond market upstream industry demand weakened ssport

Bond market downturn in the upstream industry needs to weaken the Sina fund exposure platform: letter Phi lag behind false propaganda, the performance of long-term lower than similar products, how to buy a fund pit? Click [I want to complain], Sina help you expose them! The bond market reduced leverage upstream industry demand weakened Ma Shaozhi Liu Xin last week (August 29th ~9 2) the central bank continued to use the 7 day and the 14 day reverse repo operations to provide liquidity to the market, this combination operation adds to the short end of the cost of capital and extend the funding period, the bond market to lower leverage. Affected by this, the inter-bank market overnight interest rates rose slightly to 2.08% has been at a high level during the year, while the entire market liquidity is still abundant, the 7 day repo rate is still low. At the same time, the bond market in the long end yields began to rise, the Treasury yield curve is steep, the initial appearance of deleveraging results. 1 years, 5 years, the maturity of the yield on the maturity of the 10 year bonds rose by 0.35, respectively, to 2.13%, 5.25 basis points, to $2.75%, 2.56%. Last week, the central bank currency net invested -1735 billion yuan, a decrease of 483 billion 500 million yuan. In industrial enterprises, the upstream industry began to weaken demand for dry bulk freight, domestic prices continued to decline for 3 weeks — China coastal bulk freight index (CCBFI) fell 45.55 to 968.05 points, the Baltic dry bulk price index rose 0 to 720 points. Meanwhile, the six largest group of power generation coal consumption fell by an average of 21.95%. All this shows that industrial activity will further slow down. It is worth noting that on the new fiscal July manufacturing eye-catching PMI index in August fell to 50 — the ups and downs of the boundary. On the other hand, the bond issue into a small peak last week, the bond market financing net increase of 387 billion 212 million yuan; local government debt net increase of $247 billion 207 million, of which more than 219 billion yuan for the replacement of debt. At the same time, in the face of the upcoming "golden nine silver ten" sales season, first-tier cities real estate transaction area has rebounded for 3 consecutive weeks, and the two or three line of the city real estate market also appeared to stabilize characteristics; one or two, three line city second-hand housing transaction area average daily gains were 12.6%, -14.03%, -3.57%. When Zhou, one or two, the average daily turnover of new homes in the city of three lines rose by 10.65%, -10.01%, -9.11%. In the long run, the current real estate market is still in a relatively strong level. Enter the Sina financial stocks] discussion相关的主题文章: