As of September 22, the United States has conducted five hikes in this year, but this has not been any obvious help in alleviating the country's high inflation. Instead, it has brought considerable pressure to countries around the world. and The "negative impact" of the Federal Reserve's interest rate hike has also spread to the bond market.
It is understood that as of the close of 9 March 23, the yield on the US one-year Treasury bond was 4.112%, but in 2021, it was less than 0.1% , and the yield on the two-year and ten-year Treasury bonds were 4.2032% and 3.678% , respectively.
(Source: Zitu.com)
At first, Goldman Sachs was waiting and watching with an optimistic attitude, but in the past two weeks, the yield on the US 10-year Treasury bonds has soared, and the fact that the S&P 500 fell had to make Goldman Sachs lower its original prediction. It is understood that Goldman Sachs has lowered the target price of S&P 500 at the end of this year from the original 4300 points to 3600 points.
At the same time, other countries such as the United Kingdom, Japan and South Korea are under pressure caused by US monetary policy .
Recently, the UK seems to have been involved in the "vortex" of the economic recession and cannot move, and its bond market has also continued to fall sharply: 30 since 3 years, the yield on the Treasury bond 20html soared more than 5% for the first time in three years, which even concealed the previous increase in the UK bond market. , and the UK said earlier that it might supply a large amount of bonds to the market.
According to 9 March 27 3 reports, Japan's 20 3 year treasury bond yield rose by 2015 3 years 12 months, after rising 2 basis points, it rose above 1% to 1.010%. It is understood that this is because Japanese government bonds are more susceptible to overseas bond trends than those of other countries.
Also, due to the increasing concerns about a global recession, South Korea's government bonds and bond markets have also been "abandoned". 9 March 28 data showed that South Korea's 10 3-year treasury bond yield reached the highest 4.43%, setting a new record since 2011 5. To deal with this situation, it is reported that the South Korean government has decided to urgently repurchase 2 trillion won bonds.
(Source: Zitu.com)
The continuous increase in yields also means that the trend of the US dollar strengthening has not been eased. Under such a background, although countries outside the United States have taken some countermeasures, it is even more difficult to "stop the fire completely".
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