Boshijijin the central bank to restart the 14 day reverse repurchase Limited real impact

Boshijijin: the central bank to restart the 14 day reverse repurchase Limited real impact Sina fund exposure table: the letter Phi lag of false propaganda, long-term performance is lower than similar products, to buy the fund by the pit how to do? Click [I want to complain], Sina help you expose them! Boshijijin: the central bank to restart the 14 day reverse repurchase Limited real impact, August 24th significant signal effect, the central bank after half a year to restart the 14 day reverse repurchase. Boshijijin believes that the central bank in the open market increased 14 days period reverse repurchase operation, real short-term impact is limited, its main effect is mainly reflected in the signal effect. The central bank is currently quite tangled mentality: on the one hand, for the increasing volume of reverse repurchase bonds wary, worried about increasing reverse repurchase bonds trading volume will increase the potential financial risk; on the other hand, also worried that rapid deleveraging will lead to liquidity shocks and financial risk. In this tangled state of mind, the central bank would prefer to send the signal to guide the market to take the initiative to gradually leverage in the open market to increase the 14 day repurchase operations, which is the product of this mentality. After the announcement of the measures, the mentality of the market has also undergone a subtle change and short-term fluctuations, but only by this measure, it is difficult to really push the bond market leverage. After experiencing a shortage of money in 2013, the central bank for the simple use of price instruments to promote the bond market will be more cautious deleveraging. Boshijijin don’t think this policy will have a significant impact on the bond market substantial leverage, but this is the beginning of a series of regulatory measures, the future central bank or will take price adjustment and supervision and regulation of a two pronged approach to promote the bond market gradually deleveraging. Accordingly, Boshi Fund believes that the open market began to increase 14 day repurchase operations, the essence of short-term impact is limited, but the signal effect. Through regulatory tools and monetary policy tools to promote the bond market leverage, forced financial yields down, will be the next period of financial policy guidance. Under the financial rate of return will be forced by the capital outside the table turning table, when the government does not restart the stimulus situation, the influx of funds with low risk appetite statement Nellie but if the government interest rate debt; steady growth measures to restart, re expansion may also promote credit, bad debt. But in the medium and long term, with the diminishing marginal effect of government stimulus, the potential growth rate continued downward, lower yields on financial interest rate debt is more favorable. Sina’s statement: posted this article for more information to pass, does not mean that agree with their views or confirm the description. This article is for reference only and does not constitute investment advice. Investors operate accordingly, the risk of their own. Enter the Sina financial stocks] discussion相关的主题文章: