The recent bond market situation in the village is quite strange.

Institutions, enterprises, and banks are scrambling for long bonds, and even many external institutions in Hong Kong are scrambling for long bonds, which has led to a decline in short-term interest rates on long bonds.

Many retail investors have joined the scramble without knowing the truth, but they are confused when they get the money.

The yield is low, the yield calculation method is not understood, and they can't even calculate fixed income, and then they shout "pit".

Indeed, too many people don't understand the logical relationship in the bond market. A very simple example is that "the price of bonds is inversely proportional to the yield", which many people cannot understand.

The vast majority of people have a "beautiful" misunderstanding about fixed income and the bond market, which leads to many people regretting after buying.

This year, institutions inside and outside the village are scrambling for long bonds, and the issuance of long bonds this year is insufficient, resulting in an increase in the price of short-term long bonds and a decrease in yields. This is the disadvantage of fixed income. If the short-term price rises too fast, it will inevitably lead to an increase in its risk, so the central bank began to frequently remind of the long-term interest rate risk and issued super-long bonds at the same time, just to ease the tension between supply and demand in the short-term bond market. As a result, when the people heard it, they followed suit and scrambled for super-long bonds.

Of course, this is also due to the fact that some experts in the village always speak ill of the situation. When can we expose the fakes of the "experts"?

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