• 短线观点:中国试图控制债市 InChina,itisn’tsomuchwhatissaidbutwhosaysit.FewmarketfollowerscanhavebeensurprisedbyawarningthatChina’srisingleverageposesrisks.ButthisonecamefromLiKeqiang,China’spremier,totheNationalPeople’sCong......

  • 国海证券事件凸显中国债市调整期的杠杆风险 AChineseinvestmentbankisunderpressurefrommorethan20financialinstitutionstohonourabondfinancingdealagreedbyarogueemployeewhoallegedlyforgedthecompany’sofficialseal.一家中国券商面临来自20多家金融机构的......

  • 中国放宽外资债市准入 ChinahasapprovedHSBC,MorganStanleyand30otherforeigninstitutionstoinvestinits$5.9tndomesticbondmarket,abigsteptowardsopeningitscapitalmarketstoforeigninvestment.中国已批准汇丰(HSBC)和摩根士丹利(MorganS......

  • 油价持续反弹冲击全球债市 Oiljumpedtoitshighestlevelthisyear,nearing$70abarrelandacceleratingasell-offinglobaldebtmarkets.油价昨日跃升至今年以来最高水平,接近每桶70美元,这加快了全球债务市场的抛售。ItisnowatitshighestsinceOpec’sh......

  • 中国房地产开发商重返离岸债市 ChinesepropertydevelopershavemadeanaggressivereturntoAsia’sdollar-denominateddebtmarketasthecountry’stopeconomicplannerallowsmoreoffshoredeals.中国房地产开发商已经大举重返亚洲的美元债务市场,原因是中......

  • 全球债市延续抛售潮 同时美元上涨 AglobalbondmarketroutintensifiedyesterdaywhilethedollarstrengthenedasinvestorsbetthatUSpresident-electDonaldTrump’scommitmenttoeconomicstimuluswillheraldfastergrowthandthereturnofinflation.全球债券市......

  • 中国债市将迎来大量外资流入 ForeignholdingsofChinesebondshavejumped50percentinthepasttwoyearsasoverseasinvestorshaveseizedonBeijing’spushtoopenupitsestimatedRmb73tn($11tn)fixed-incomemarket.过去两年,外国对中国债券的持有量增长了5......

  • 中国开放银行间债市的意义 Chinahasremindedinvestorsthatthere’smoretothecountrythanworrisomeeconomicindicatorsbyannouncingasignificantstepintheopeningupofitsdomesticinterbankbondmarket.Themovehaspositiveimplicationsforcapitalf......

  • 全球债市抛售加剧 Theglobalbondmarketsell-offdeepenedonMonday,liftingthe10-yearUSTreasuryyieldabove2.7percentforthefirsttimeinnearlyfouryearsandsparkingconcernsthattheroaringstockmarketrallycouldbevulnerabletoareversal......

  • 投资者对中国债市的担心过头了 Two-plusyearsofanear-unbrokenrallyandamarketmayperhapsbeforgivenforapullback—unlessthatmarketisinChina,wherethesharpestmonthlyjumpinbondyieldssincetherallybeganhaspromptedworriesanothermainlandboomlo......

  • 中国债市通过地产压力测试 Asia’sfast-growingbondmarketfaceditsbiggestchallengeearlierthisyear,withthesuddenfallfromgraceofKaisa,theShenzhen-basedpropertydeveloper.今年早些时候,随着深圳房地产开发商佳兆业(Kaisa)陷入困境,亚洲快速......

  • 短线观点 令人担忧的中国债市 Standeasy—oreasier,atleast.Tenbasispointsmightnotbethebiggestone-daychangeforborrowingcostsinChina’svast$7tnbondmarkets,butitwasenoughonMondaytopushthecountry’scloselywatchedonshorereporatebackfrom......

  • 中国放开银行间债市或引入数万亿美元资金 Alittle-reportedrulechangebyChina’scentralbanklastweekcouldunleashtrillionsofdollarsofforeigninvestmentintothecountry.上周中国央行(PBoC)一条几乎从未见诸报端的规则变更,或将向中国释放数以万亿计的境外投......

  • 中国债市派对遇冷 Toobigtoignorebuttooopaquetoentirelytrust.Chinaisengagedinacharmoffensivetolureforeignmoneyintoitsbondmarket,whichhasgrowninashortperiodoftimefromaminnowtothethirdlargestintheworld,aftertheUSandJapan.......

  • 新兴市场债务继续攀升 high and getting higher Levelsofdebtinemergingmarketscontinuetoriseandarebecomingasourceof“significantconcern”,theInstituteofInternationalFinancewarnedonWednesday.周三,国际金融协会(InstituteofInternationalFinance)警告,新兴市......

  • 越南经济重返国际债券市场 Vietnamisreturningtotheinternationalbondmarketforthefirsttimeinalmostfiveyears.越南在近5年后首次重返国际债券市场。TheVietnamesegovernmenthastodayopenedthebooksforanew10-yearbondsale,withaninitialprice......

  • 新兴市场债务激增是危机之兆 Emergingmarketprivatesectordebthassurgedbyan“enormous”33percentofgrossdomesticproductsincetheglobalfinancialcrisis,heighteningtheriskoffinancialcrises,accordingtonewanalysisbyJPMorgan.根据摩根大通(J......

  • 亚洲债券市场热潮呈现创新色彩 AfiercedebateisunderwayamongbondmarketspecialistsinAsia.Somebelievethereg-ion’smarketsareatlastcomingofage,butothersfearthecurrentboomwillturnouttobeshortlivedandthattherewillbeareturntotheirnormalro......

  • 亚洲市场垃圾债券发售量创纪录 AsiancompanieshaveshruggedoffconcernsabouttheUSretreatfromglobaltradeagreementstoissuearecordsumofhigh-yielddebt.亚洲企业无视对美国退出全球贸易协定的担忧,发行了创纪录数量的高收益债券。Junkcorporatebond......

  • 债台高筑 中国城市转寻私人投资 HONGKONG—ThewidenewboulevardsthatcutacrosspartsofWeifangineasternChinaarelargelyfreeoftraffic,aquietreminderofthecoastalcity’sbigambitions.香港——这条簇新的大马路径直穿过中国东部城市潍坊,基本上没什......

  • 希腊债务危机升级 全球股市普跌 PARIS—StocksslumpedmodestlyonMondayattheopeningonWallStreet,aftermarketsinAsiaandEuropewerebatteredbyworriesthattheGreekfinancialcrisiswouldprovecontagiousandChineseinvestorsenduredanothertopsy-turvy......

  • 五张图看懂中国银行间债券市场 TheShanghai-HongKongbondconnectprogramme,launchedonMonday,offersastreamlinedchannelforinternationalinvestorstoaccessmainlandChina’sRmb69tn($10tn)interbankbondmarket,theworld’sthird-largestbehindtheU......

  • 美国国债市场上遭遇大举抛售 TheUSgovernmentbondmarketsuffereditsworstsell-offinmorethantwomonthsonMondayascontagionfromtheEuropeanbondroutrolledacrosstheAtlantic,pushingUSborrowingcoststowardstheirhighestclosinglevelsthisyear.欧......

  • 债券之王格罗斯 牛市即将结束 Youhadatough2014.InSeptember,youleftPimco,theinvestmentfirmyoufoundedin1971,whereyoubecameknownas“thebondking.”Whatwasthehardestpartaboutthepastyearforyou?ThefactthatIwasfired.Thatwashard—veryhard......

  • 中国政府债券市场投资前景光明 ThevolatilityhasbeendizzyinginrecentweeksinmarketsonbothsidesofthePacific.最近几周,太平洋两岸的市场动荡令人头晕目眩。InthewakeofthetotallypredictabledecisionfromtheFederalReservenottoraiseinterestrates......