The reason why China s stocks are hot and the debts are cold, and the reasons why the national bonds

Chinese people prefer high-risk and high-yield bonds, and do not like the relatively stable low-yield bond market, which is related to the risk appetite of Chinese people. The bond market is a relatively stable investment market, which is closely related to the forward interest rate in the market. China's first is a high-risk speculative market, which is closely related to the flow of funds in the market.

Looking back on the market in the past three years, "cold stocks and hot bonds" has become one of the important keywords. Haitong ** shows that as of June 29, in the past three years, the average net value growth rate of active ** type**, while the average net value growth rate of pure debt ** and partial debt ** were and. The reporter believes that in the case of the opening of the interest rate cut channel, the return on bond investment should be good.

At the same time, the average excess return of the fixed income category of the 52 ** companies included in the statistics is, with E Fund, Bank of China, Guolianan, Nanfang, and Shenwan Lingxin ranking in the top five. It is not difficult to find that among the above-mentioned companies, the cutting-edge ** companies represented by Shen Wanlingxin do not show weakness, and their performance is not inferior to large ** companies such as E Fund and Nanfang.

The bond market is a relatively stable investment market, which is closely related to the forward interest rate in the market. The ** is a riskier speculative market, which is closely related to the flow of funds in the market.

Treasury bonds are the creditor-debtor relationship formed by the state issuing bonds to the society on the basis of its credit. The safety is relatively high, and it is an ideal product for stable investment. Treasury bonds will be **:

1.The market interest rate is inversely proportional to the expected yield of treasury bonds, that is, when the market interest rate falls, the yield of treasury bonds rises in the current period, and when the market interest rate rises, the expected yield of treasury bonds falls. Therefore, when the Treasury is **, it means that the market interest rate is rising.

2.Supply and demand also affect the rise and fall of government bonds. When the domestic economy improves, investors think that the return on buying ** and ** will be much higher than the return on buying treasury bonds, which leads to the supply of treasury bonds in the market exceeding the demand of investors, so that treasury bonds will be **.

3.If a country's economic outlook is not optimistic, the probability of default will rise, and the country's credit sovereignty will decline, and foreign capital will sell off the country's national debt and exit, leading to its decline.

The reasons for the reduction of national debt due to economic overheating are as follows: When the economy is overheated, it is operated through the open market.

Reduce the amount of money in circulation in the market, and the main purpose of the issuance of treasury bonds is to raise funds needed for economic development and management, in order to make up for the lack of fiscal revenue, to borrow money to spend now, and to repay money in the future, which is equivalent to spending money in the future, so reducing the issuance of treasury bonds can make the first hand have no money to spend, and to a certain extent, it can curb economic overheating. In addition, when the economy is overheated, the chain can also raise the monetary policy of interest rates.

To ** the currency in circulation in the market.

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One. The issuance of treasury bonds, the money raised from the market still has to flow into the market, and it is not like increasing the reserve ratio of banks, and the money received from the bank treasury is not flowing, but still flowing, and it does not reduce the money in the market.

IIThe main purpose of the issuance of treasury bonds is to raise funds needed for economic development and management, for example, the current issuance of treasury bonds in Greece is to raise funds needed for management to make up for the lack of fiscal revenue. Investors who bought government bonds were worried that Greece would not be able to borrow money because they would not be able to borrow money in the future, or that the interest rate on the issuance of government bonds would be too high, so they had to ask international financial organizations for borrowing.

For example, many infrastructure projects in the company also rely on the issuance of treasury bonds to raise funds.

Third, when the economy is overheated, the amount of money in circulation in the market is reduced through open market operations, thus controlling the situation of economic overheating.

There are many ways to do this, such as increasing the reserve ratio of banks.

Raising interest rates and other information broadeners can achieve the purpose of reducing the amount of money in circulation. Reducing the number of new infrastructure projects is one of the necessary means, and one of the economic means of reducing is "no appropriation", and reducing the issuance of national bonds can make the first hand have no money to spend, so it is impossible to allocate funds for many infrastructure projects.

Summary. Hello, glad for your question. The economy is overheating, and the reasons why the issuance of government bonds should be reduced are as follows:

1. When the economy is overheated, the amount of money in circulation on the market is reduced through open market operations, and the main purpose of treasury bond issuance is to raise funds needed for economic development and management to make up for the lack of fiscal revenue. 2. When the economy is overheated, reduce the issuance of treasury bonds, and also increase the interest rate of the monetary policy, to ** the circulating currency in the market.

The economy is overheating, why reduce the issuance of government bonds.

Hello, glad for your question. The reasons why the economy is overheated and why reduce the issuance of treasury bonds are as follows: 1. When the economy is overheated, the amount of money in circulation on the market is reduced through open market operations, and the main purpose of the issuance of Guotan trillion bonds is to raise funds needed for economic development and management to make up for the lack of fiscal revenue.

2. When the economy is overheated, reduce the issuance of treasury bonds, and also increase the monetary policy of interest rates to improve the circulation of money in the market.

I hope the above information is helpful to you, and I wish you all the best, good health and all the best.

Economic overheating, that is, the total social demand is greater than the total social supply, at this time there are many irrational factors in the demand, resulting in a false situation of economic prosperity, if the issuance of additional treasury bonds, it means that the supply is increased, and the irrational factors in the social demand are exacerbated, so that the situation of economic overheating is aggravated.

What did your teacher say?