Worries About Global Economic Growth Drive Us Treasury Bond Prices Up

US bond prices rose on Tuesday and the 30 - year Treasury yields fell to the lowest level in about two months, driven by falling stock prices and oil prices.

In the afternoon, the price of treasury bonds shrank, as some investors rushed to ship.

With oil prices falling to a five year low, worries about global economic growth are heating up again.

The Greek stock market and the bond market plummeted, as the Greek government held an early presidential election, exacerbating the uncertainty of the country's withdrawal from the IMF / EU rescue plan.

Following repeated downgrades of the repurchase discount coefficient of credit debenture, China securities registration Clearing Corp issued a circular again to control the risk of pledge of related bonds of city investment bonds, and made clear that the corporate bonds that were not included in the general debt and special debt budget of the local governments in the future will only accept the debt rating of AAA level, and the corporate bonds with AA rating (or above) will enter the repurchase pledge library.

The news also has an impact on the market.

"Hedge buying is now over all economic fundamentals," said Ira Jersey, a Credit Suisse interest rate strategist.

The strength of the bond market may help the US Treasury to sell $25 billion in three - year bonds today, the first of the $59 billion new debt issued this week.

The bid rate for today's three year bond auction is 1.066%, slightly lower than the two level before the auction.

On Wednesday, the Treasury will also sell $21 billion for 10 - year bonds, and Thursday will have 13 billion dollars for 30 years.

Approach.

Although the yield on 30 - year bonds fell to the lowest level this year, demand for long - term debt is still keen.

The pursuit of higher returns has led many investors to invest in longer-term bonds, while the number of high quality bonds is few.

Indicator 10 year period

The market rose 8/32.

2.23%, 2.26% on Monday.

The 30 year long debt rose 15/32, and the yield fell from 2.90% to 2.88%.

The US Treasury yield curve is at its most leveling level in the last six years, as investors expect a strong November employment report to keep the Fed on track to raise interest rates next year.

Investors are now concerned about whether the Federal Reserve's monetary policy conference next week will change the promise of maintaining a near zero interest rate for a long time.

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Today, Internet finance is a prairie trend. Futures Company, affiliated with the financial industry, is also thinking about its financial and Internet path.

A few days ago, at the Internet Finance Symposium jointly organized by the big business and the Beijing futures chamber of Commerce, the heads of the major Futures Company technology departments attended the conference, one after another, said that the development of Internet finance was the general trend. If Futures Company could take the lead in this turbulent wave of digital revolution, it might be at the forefront of the times.

With the development of traditional brokerage business in a bottleneck, Futures Company gradually began to plan its layout in the direction of Internet finance.

According to the reporter, at present, Futures Company has made many attempts in Internet finance, including the construction of the website, the development of mobile APP, the operation of WeChat public platform, and cooperation with some Internet companies.

A general manager of Futures Company, headquartered in East China, told reporters that because of the different positioning of each company, Internet financial service providers may be the kind of direction that a company will pursue.

"Internet finance has advantages in improving efficiency and reducing costs. At the same time, it can provide standardized services to enhance customer experience, but the needs of customers are always different. If we rely solely on Internet Finance in terms of personalized services, we will not be able to divulge the privacy of customers, but the effect will not be ideal."

The general manager also said that if all companies crowded onto the Internet financial "single log bridge", it would not be a good thing for the futures industry.

It was also held that, for most Futures Company, because the current mode can bring considerable profits, the impetus for reform is not so urgent. If Internet finance really revolutionized the futures industry, it completely changed the ecology of the futures industry. Perhaps this revolution did not start with Futures Company, but is likely to be dominated by Internet Co, like "balance treasure".

"How do the mobile operators cope with the free calls after the Internet comes in, and how Futures Company cope with the possible zero charges in the future with the development of the Internet?"

At this forum, Wang Weiyong, director of Galaxy futures technology, ended with an example.