European Central Bank Is Expected To Heat Up The Euro Zone Bond Yields Are Negative.

For the first time, the yields of some countries in the eurozone declined to negative, which means investors need to lend money to the government and pay interest to the government.

This week Finland, Holland, Belgium and Austria lost their first two year yields to a record low.

German two-year Schatz bonds and three year treasury bonds yield negative.

On Tuesday (August 26th), Finland's treasury bond yield fell to a record low of -0.010%, and Austria's debt yield fell to a record low of -0.002%.

On Monday (August 25th), yields on Finland and Belgium declined to negative. On Tuesday, yields on Finland's treasury bonds were recorded at -0.006%, and the yields on Belgian Treasuries turned positive.

Last Friday (August 22nd), Delaki, President of the European Central Bank (micro-blog), delivered a speech at the annual meeting of Jackson Holzer global central bank, suggesting that efforts will be made to improve the euro area economy and reduce deflation risk.

Delaki's comments added to the expectations of the European Central Bank, and the fastest possible next week, next Thursday (September 4th), will announce interest rate decisions, which is expected to boost the stock and bond markets.

On Tuesday, Barclays Bill Diviney and Kieran Davies pointed out in the report that "the market has further acted on the ECB.

Warming up. "

since

The government bond yields of euro zone governments dropped sharply after they said they would do everything possible to make the euro zone out of the predicament of 2012.

In June, the cost of borrowing, especially the less developed "marginal countries", declined further.

Earlier, in order to promote the development of the euro area economy, Delaki said that the European Central Bank had prepared the negative interest rate technically.

Wednesday (August 27th) only in the United States.

Issuing bonds with the UK.

Us auctions for five year bonds and auctions of two-year floating rate bonds; Italy's auction of treasury bonds; British auction of inflation indexed bonds in 2040, investors can be concerned.

Related links:

Zhang Yongjun, a researcher at China International Economic Exchange Center, pointed out that the data is somewhat unexpected, especially the industrial added value, although it is related to the speed of economic growth in August last year, but combined with the comprehensive analysis of financial and foreign trade data, the downward pressure on the economy is still very large. The steady growth is still the first, and the intensity of policy support for the economy should be increased, including the reduction of interest rates and so on.

"Because of the weather and the base number last year, the data fall should be in line with everyone's expectations, but I am afraid that such a substantial drop is worth vigilance."

Li Huiyong, chief macroeconomic analyst at Shenyin Wanguo, pointed out that the three major demand fell at the same time, which made the economic pressure increase again, especially the cumulative investment growth rate dropped by 0.5 percentage points, indicating that the investment in a single month is rapidly landing, which is worth paying attention to the hard landing of the economy.

Data show that in August, China's industrial added value of above scale increased by 6.9% in real terms, down 2.1 percentage points from July, and dropped to a low point of nearly 6 years. The total retail sales of social consumer goods increased by 11.9% compared with nominal growth in the same period, and the growth rate declined for 4 consecutive months, falling to an annual low point, 0.3 percentage points lower than that in July.

It is worth noting that from 1 to August, the fixed asset investment in China increased by 16.5% compared to the same period last year, and the growth rate dropped 0.5 percentage points from 1 to July.

The year-on-year growth rate also hit a new low growth rate of investment over the past 13 years since 2002.

In the past ten odd years, especially after 2003, China's fixed assets investment has maintained a rapid growth of more than 20% per year.

However, after 2013, investment growth decelerated significantly. China's fixed asset investment fell below 20% for the first time in 10 years.

This year, in the real estate market continued to cool down under the drag, the cumulative growth rate of investment is declining month by month.

But official interpretation of the data is not so pessimistic.

Guo Tongxin, the general secretary of the National Bureau of statistics, said that the number of data in August has dropped for a while. Both the reasons for the recovery of the world economy are still warm and cold, and the demand for foreign countries has been sluggish. They are also affected by the special factors such as cardinal numbers and climate.