• <abbr id="ck0wi"><source id="ck0wi"></source></abbr>
    <li id="ck0wi"></li>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li><button id="ck0wi"><input id="ck0wi"></input></button>
  • <abbr id="ck0wi"></abbr>
  • <li id="ck0wi"><dl id="ck0wi"></dl></li>
  • Home >

    Fed Raise Interest Rate: The Impact Is Mainly On Overseas Financing Prices.

    2015/1/1 18:31:00 30

    FedInterest Rate RaisingOverseas Financing

    Overall, the impact of the Fed's interest rate hike on China will be indirect and limited.

    As a domestic entity economy, it may not be very obvious. We judge that its impact will be mainly on the overseas financing price, that is, the US dollar LIBOR and the US bond interest rate.

    Overseas financing enterprises

    Great influence.

    The US dollar LIBOR is the price benchmark for overseas financing. LIBOR usually follows the Fed's benchmark interest rate and will respond to the benchmark interest rate 1-2 months ahead of schedule.

    Therefore, it is estimated that LIBOR will trend upward in the two or three quarter of next year and will continue until the end of next year.

    In 3 months, LIBOR will probably go up to 25-50 BP, and in 2016, it may go up to 75 BP.

    U.S.A

    National debt

    Yields will also trend upward in the future, which will be issued overseas.

    Dollar debt

    With the downward trend of domestic financing costs, some enterprises may return to the territory for financing, but companies subject to quota restrictions and rating restrictions may still choose to issue us dollar bonds abroad.

    Looking back in 2014, the forward price of RMB has experienced a substantial increase after March. This is not entirely driven by the expectation of depreciation, but rather to a large extent influenced by changes in domestic and foreign currency spreads.

    As the amount of settlement decreased, the US dollar deposits in the banking system increased significantly, and the US dollar interest rate continued to slide. The lower US dollar interest rate needed to be compensated through the forward price premium, which directly drove the expansion of the long-term premium. After the fourth quarter, with the upward trend of the RMB capital interest rate, the spread of the foreign currency spreads further, pushing the 1 year long forward to more than 1700 points.

    It is expected that under the guidance of the easing policy, the future interest rate of funds will be relaxed from the tighter state in the fourth quarter, which will make the US dollar forward fall down gradually, and the swap point will also go down in the future.

    In addition, the offshore exchange rate shows a fluctuating, fluctuating and more predictable character. It is expected that the fluctuation of offshore exchange rate will be higher with the increase of the RMB exchange rate volatility in 2015 years, which means that more opportunities will be provided for cross-border trading.


    • Related reading

    中國經濟進入新常態 如何涅槃重生

    Macro economy
    |
    2014/12/31 15:34:00
    29

    Economic Observation: Economic Activity Is Close To The Bottom Level In The Short Term.

    Macro economy
    |
    2014/12/30 20:12:00
    7

    Continuation Of The Decline In Early Trading At The End Of The Year Sing "Sad Tune"

    Macro economy
    |
    2014/12/30 18:12:00
    11

    Under The New Normal Consumption Contribution Rate To Achieve "Bend Overtaking"

    Macro economy
    |
    2014/12/29 21:33:00
    9

    Fear Of Economic Differentiation Exacerbated The Pursuit Of US Dollar Assets

    Macro economy
    |
    2014/12/29 19:01:00
    11
    Read the next article

    RMB Internationalization Should Break Through In The Financial Field

    At present, although Chinese banks are ranked globally, their internationalization is relatively limited. The 5 big banks are among the top 20 in the world, but only one of the most important banking systems in the world.

    主站蜘蛛池模板: www.色亚洲| 国内精品久久久久| 国产91精品新入口| 亚洲欧洲一区二区三区| 久久久久99精品成人片直播| 99日精品欧美国产| 色噜噜狠狠狠狠色综合久一| 日韩夜夜高潮夜夜爽无码| 国产无套粉嫩白浆在线| 亚洲精品亚洲人成在线| 中文字幕一区二区三区久久网站| 手机看片国产免费永久| 欧美亚洲第一区| 天天躁日日躁狠狠躁日日躁| 免费精品视频在线| 久久久一本精品99久久精品66| 青青操在线视频| 无码中文字幕色专区| 国产成人涩涩涩视频在线观看免费| 亚洲av无码不卡在线播放| 97久久精品一区二区三区| 污到下面流水的视频| 妖精视频在线观看免费| 四虎永久免费地址在线网站 | 日本尤物精品视频在线看| 巨胸动漫美女被爆羞羞视频| 国产免费久久精品99久久| 亚洲黄色免费电影| 中文字幕欧美成人免费| 国产chinese91在线| 永久免费毛片在线播放| 国产麻豆天美果冻无码视频| 亚洲性无码av在线| 一级片在线播放| 精品亚洲aⅴ在线观看| 夫醉酒被公侵犯的电影中字版| 免费特级黄毛片| 91看片淫黄大片一级在线观看| 脱了美女内裤猛烈进入gif| 成人免费淫片免费观看| 国产电影麻豆入口|