This Shouldnt Last Long
Global financial markets have ushered in a "rescue at the bottom". The two countries have urgently rescued the market and are studying to ban short selling.
The governments of various countries are setting off a round of "rescue wave". Among them, the Bank of England issued a statement on September 28 that it would temporarily buy long-term British government bonds "on any necessary scale" in order to restore order in the British bond market. As a result, gilts soared across the board, with the yield on 30-year bonds plunging more than 120 basis points to 3.974 per cent, a record drop. The UK stock market also staged a deep V rebound, rising 0.3 per cent from a 2 per cent drop. On the same day, South Korea urgently launched a "rescue combination punch": the South Korean Ministry of Finance announced that it would urgently buy back 2 trillion won of bonds on September 30, and the South Korean Financial Services Commission was preparing to launch a stock market stabilization fund. at the same time, it is studying a plan to ban short selling. (brokerage China)
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iamiam : deflating the currency to save the currency
this will be bullish for the dollar once the market processes this.
SpyderCallOP iamiam: that is what I was thinking. Throwing large sums of money at anything will hurt the sensitive currency environment in many countries. So this cant last long. some analyst from Goldman is suggesting shorting bonds in England.
iamiam SpyderCallOP: I heard that BOE was going to get downgraded if they didn't reverse.
SpyderCallOP iamiam: I can see that. I havent heard of that happening before. That would not look good for the sterling
SpyderCallOP iamiam: it seems like they are in a lose lose situation over there
BeBlessed SpyderCallOP: and Chancellor Kwansi is heavily criticised by many investors, incld imf n moodys.
BeBlessed : since the bond purchase will last till 14 Oct.. maybe aft that market will continue to sell down esp e earnings are round e corner. Food for thoughts.
hence I'm thinking to collect shorts when there is a bounce.. what do you think?
杨过20 : Wait, will you do something, too?