Just two days! Rate cut of 50 basis points expectation shattered, 10-year US Treasury yield back above 4%.
①On Monday this week, the sharp decline in the US Treasury bond market further intensified, with the yield on the benchmark 10-year US Treasury bond returning above the 4% level, reaching the highest level since August; ②Due to the unexpectedly strong US employment report released last Friday, traders were forced to reevaluate their predictions for the outlook of the US Federal Reserve's monetary policy.
Futu Morning Post | Breaking news! The State Council Information Office will hold a press conference at 10 a.m. today, A-shares will open today; join the call on the Chinese stock market! Citigroup: There is still huge room for growth.
Overseas investors are pouring into Chinese stocks, with related funds attracting billions of dollars to set a new record; senior officials of the Federal Reserve temporarily withhold buying, eye-catching non-farm payroll data: overall risk balance slightly leaning towards labor market facing headwinds.
US stocks closed with the three major indices falling by about 1%, while nvidia rose over 2% against the market; Chinese concept stocks index saw a "V"-shaped reversal, with Li Auto rising by over 4%.
The only remaining Wall Street giant Citigroup, which still expects a 50 basis point rate cut in November, has also thrown in the towel. The market has reduced the Fed rate cut expectations to less than 50 basis points by the end of the year.
After the unexpectedly strong non-farm data, bond traders are preparing to deal with the scenario of the US economy not landing.
The unexpectedly strong September non-farm employment report in the USA has led to a sharp rise in US bond yields, making the 'no landing' scenario once again a hot topic in the bond market. The 'no landing' scenario is constraining the Fed's room for interest rate cuts, further dampening the buying frenzy for US bonds.
Survey: The Fed has opened the curtain on interest rate cuts, and the csi enterprise bond index is expected to steal the spotlight from US stocks.
A survey found that as the Federal Reserve began to cut interest rates, the outlook for enterprise bonds is improving. Among the 203 respondents, 54% believe that enterprise bonds are more attractive than stocks. In the crediting field, investors prefer high-quality bonds over riskier varieties. They are also extending the duration of their positions. The survey results show that investors are becoming increasingly tired of the high valuation of the stock market and are looking for returns from other sources. Investing in high-grade bonds can provide fund managers with additional income, while extending the duration reflects the sensitivity of bonds to interest rate changes. When benchmark interest rates fall, blue chip stocks and so on.
Strategist angrily criticized: Fed's move is too hasty! Cutting interest rates by 50 basis points is "too stupid"
The latest non-farm data may suggest that the Federal Reserve's significant rate cut is not only foolish but also creating panic...