zxgkungfu
2021-03-21
不明白,国债抛压大,为什么收益率还升高,有大神解释一下
美联储表态SLR到期不续,什么是SLR?如何影响市场
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sungift
2021-03-22
sungift
没人买你国债了,你收益率当然要给高一些,不然更没人买了。
zxgkungfu
:
嗯,我明白了。谢谢!
tigup
2021-03-22
tigup
就是说你之前买了50万30年债券收益率是1.5% ,利率涨超过1.5,你买的债券就贬值,当然在1.5下就升值.如果利率超过2,你投到股票市场上的50万年买的股票收益要超过2%而且股价还不能跌才值得.债券没风险.
做交易
2021-03-22
做交易
票面利率是固定的。现货价格越低。收益率越高。你就记住一点:价格和收益率正相反。收益率上升代表价格下跌。股票也一样。按照分红算。价格越低收益越高
Slayershadow
2021-03-21
Slayershadow
收益率是 收益/现在价格 这么算的,国债抛压大价格降低当然收益率提升
古城有佳话
:
你这样说,他更不明白。你应该告诉他收益率是固定不变的,国债价格越低相对收益率越高。如果这他还不懂,那以后他买啥股票,我就空票跟上 [开心]
zxgkungfu
2021-03-22
zxgkungfu
嗯,金融的东西比it都难懂
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月31日到期。新时代证券表示,1月底以来,美国债券市场内部出现了一个跷跷板现象,那就是长端美债利率上升的同时,短端美债利率下降。这和美国财政部在美联储的存款账户(treasury general account,TGA)缩减,以及银行补充杠杆率(SLR)豁免期限将至有关。SLR政策到期如何影响市场中金公司认为,SLR政策若未能顺利延期,美债利率可能有进一步上行压力。为了满足此前SLR考核框架下资本充足率要求,美国大型银行需要补充一级资本或压降其他类型风险资产(例如美债、信贷等),不排除银行需要通过卖出美债等降低风险资产敞口。一旦银行抛售美债,预计美债收益率上行压力将加大。中金公司指出,由于,与此同时美联储还在进行资产购买,这将会进一步增加大型银行的准备金,导致银行更难以满足SLR要求。美国1.9万亿美元财政刺激法案增加了美债供给,而刺激方案中对于居民补贴的部分最终会形成银行的存款,银行需要对此增加更多的存款准备金以满足监管要求,这也将削弱银行持有美债以及在回购市场中收取美债作为抵押品出借现金的意愿,美债供需压力可能会进一步加剧。中国银行表示,SLR豁免条款到期将主要产生以下五个方面影响:第一,美国银行业持有国债意愿将显著降低,弱化国债做市能力。第二,2-5年和6-10年期国债抛压将进一步增大,国债收益率曲线更趋陡峭化。第三,做空交易成为市场主流,国债回购利率跌入历史性负值。第四,银行存放美联储准备金趋降,倒逼资产结构调整。第五,美国大型银行SLR监管成本显著抬升。中国银行表示,美国国债收益率是基础性利率,是美国乃至全球资产定价之锚。美国国债收益率上行,将加大股市高位调整风险,抬升借贷资金成本,对美元指数产生小幅支撑作用,促使国际资本流动格局发生变化。在机构层面,银行减持国债,从根本上改变了国债及其回购市场的做市能力与流动性局面,依赖国债回购拆借资金的非银行金融机构将面临较大冲击;如果国债收益率上行引发跨市场资产价格大幅共振,将进一步加剧对冲基金、共同基金等非银行金融机构风险,进而传至整个金融机构体系,甚至诱发系统性危机。","news_type":1},"isVote":1,"tweetType":1,"viewCount":2766,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["ZBmain","TNmain","UBmain","ZTmain","ZFmain","ZNmain"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":51,"xxTargetLangEnum":"ZH_CN"},"commentList":[{"id":3849803,"commentId":"3849803","gmtCreate":1616378902774,"gmtModify":1616378902774,"authorId":3561959340031846,"author":{"id":3561959340031846,"idStr":"3561959340031846","authorId":3561959340031846,"name":"sungift","avatar":"https://static.tigerbbs.com/1cbe54494c62f882421e939286a03df3","vip":1,"currentWearingBadge":{"badgeId":"228c86a078844d74991fff2b7ab2428d-2","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资总监虎","description":"证券账户累计交易金额达到30万美元","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"80.88%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":359979089,"objectIdStr":"359979089","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"没人买你国债了,你收益率当然要给高一些,不然更没人买了。","text":"没人买你国债了,你收益率当然要给高一些,不然更没人买了。","html":"没人买你国债了,你收益率当然要给高一些,不然更没人买了。","likeSize":0,"commentSize":1,"subComments":[{"id":3851363,"commentId":"3851363","gmtCreate":1616395201210,"gmtModify":1616395201210,"authorId":3478571659098050,"author":{"id":3478571659098050,"idStr":"3478571659098050","authorId":3478571659098050,"name":"zxgkungfu","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":359979089,"objectIdStr":"359979089","type":1,"supId":3849803,"supIdStr":"3849803","prevId":0,"prevIdStr":"0","content":"嗯,我明白了。谢谢!","text":"嗯,我明白了。谢谢!","html":"嗯,我明白了。谢谢!"}],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":3847780,"commentId":"3847780","gmtCreate":1616344628749,"gmtModify":1616378316881,"authorId":3576949511326667,"author":{"id":3576949511326667,"idStr":"3576949511326667","authorId":3576949511326667,"name":"tigup","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":359979089,"objectIdStr":"359979089","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"就是说你之前买了50万30年债券收益率是1.5% 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