Chapter 61 Interest Rate Futures
Robert John's excitement finally caught the attention of a family of three not far away, and he didn't know how to answer for a moment as he looked at the approaching face.
Many times, he thought that he would hate his former wife when he saw him again, but his unswerving feelings were betrayed, and he would definitely remember that pain for the rest of his life. But suddenly, he realized that everything had dissipated with time. The face that once made his heart flutter was wrinkled, there were some spots on the skin that could be blown and broken, and the smooth blonde hair was a little more silvery.
Time, after all, can annihilate everything.
Love or not, under the years, everything is dust.
Robert John smiled.
"It's me, Suzanne. How are you doing? ”
“......”
Sunset.
Enron Kardashian was woken up by a violent roar, and when she opened her eyes, she immediately felt that the skeleton of her whole body seemed to be scattered, and her whole body was lying on her stomach and couldn't lift any strength.
Looking around the huge bedroom, the deadly bastard didn't know where he went, and the whole bedroom was a mess, like a battlefield blown by a strong wind.
A trace of resentment couldn't help but appear in Carda's eyes, at that time, she really thought she was going to die.
It's really a big bastard who doesn't know how to pity the fragrance and cherish the jade.
Suddenly, there was a sound of footsteps outside the door, and before Kardashian could lie down and pretend to sleep, the closed door was pushed open from the outside.
"Baby Enron, I have someone prepare dinner, do you need to bring it in. ”
Kardashian couldn't help but shake her lips, the smugness in those eyes was really hateful.
"Boss. As a gentleman, don't you think you should avoid changing your clothes?"
Avoid?
Shen Jiannan was stunned for a moment, looking confused.
I've seen everything that should be seen, and I've done everything I shouldn't have done, so I let him avoid it.
What's going on?
Woman!
What the hell are you thinking about every day?
Shrugged helplessly, confirming Kardashian's insistence, Shen Jiannan had no choice but to exit the door.
Bang!
The door closed softly, with a soft sound.
Kardashian's white and red face smiled, which was really beautiful.
in the living room.
Shen Jiannan leaned on the sofa with Erlang's legs crossed, and his fingers gently tapped back and forth on the sofa.
In October 1990, the UK joined the EMS. Since then, the European monetary system has enabled the currencies of Western European countries to be pegged to each other instead of gold or the dollar; each currency is only allowed to float within a certain exchange rate range, and once the prescribed exchange rate fluctuation range is exceeded, the central banks of the member countries have the responsibility to intervene in the market by buying and selling their own currencies to stabilize the exchange rate of their currencies within the prescribed range.
Within the prescribed exchange rate fluctuation, the currencies of member countries can float against the currencies of other member countries, and the exchange rate between the currencies of each member country is centered on the Deutsche mark, so as to get rid of the flood erosion of the dollar in the European market.
But the imagination is beautiful, and the reality is skinny.
Later, the euro, known as the second largest currency, fell apart due to a global plague catastrophe.
In that catastrophe that shook the world, the contest and plunder, the division and restraint, the oppression and interests among the EU member states were the most critical reasons for the collapse of the euro.
As the predecessor of the euro system, the EMS also faced mutual constraints caused by the divergence of economic conditions among member states.
In the United Kingdom and Italy, the economy has been sluggish, and rising unemployment will require interest rate cuts and the release of reserves, forcing capital into the market to boost employment and economic development.
However, the merger of East and West Germany, Germany's fiscal deficit has been high, the income of the two Germany has led to the imbalance of prices, the inflation rate has remained high, what is needed is to raise interest rates to regulate capital speculation, otherwise, it is easy to plunge the newly merged country into fragmentation and economic turmoil again.
This is a contradiction that simply cannot be reconciled.
Under the Maastricht Treaty signed in February, the pound and lira must be in line with Germany's strong economic policy.
Italy.
"Hey......
Shen Jiannan couldn't help but laugh.
In the case of the European exchange rate system, the economic power of countries and their national interests are simply not in harmony. It only takes a knock on some of the "chains" that make up the European exchange rate system, and the equilibrium of the chains is broken.
Italy, a country that drops its chain at every critical moment, is always happy to do it, and Germany is always tough and barbaric, which can be regarded as Italy's blood mold.
But with a share of Standard Chartered's shares, it is enough to borrow $500 million in the UK, which is about a billion pounds. With such a large amount of money, if you want to maximize profits, you still have to open positions in other markets, otherwise, international capital will clear him first.
After thinking about it for a moment, Shen Jiannan grabbed the phone and dialed it out again.
London International Financial Futures Exchange.
Founded in September 1982, it is engaged in the trading of financial futures contracts, mainly including: 20-year British government bond interest rate, short-term government bond, medium-term government bond, German government bond, 3-month Eurodollar interest rate, 3-month British pound rate, British pound, German mark, Swiss franc, Japanese yen), US federal long-term government bonds, Financial Times 100 stock price indexes, Japanese government bond futures and options contracts, etc.
Currency futures traded on the exchange include GBP, CHF, DM and JPY futures in US dollars and US dollar futures settled in Deutsche Mark, while interest rate futures include various UK Treasury futures, US Treasury futures, Japanese Treasury futures, 3-month Eurodollar Term Deposit futures and 3-month GBP interest rate futures.
It can be said that the world's standardized financial products can be traded on the London International Financial Futures Exchange.
13th Floor, Exchange Building.
William sat on a recliner in his office, playing a nailful game with an English girl in her twenties.
Hatty Morahan is a 14-year-old middle school student at Dwight Middle School.
Blonde hair and blue eyes, with a delicate figure, except for a slight thinness, it is completely impossible to tell that she is only fourteen years old.
I have to say that William's psychology is a little distorted.
When he was a child in Hong Kong, he was often looked down upon and oppressed by some British, and when he was in middle school, he met an Englishman on the street who was drunk and almost beat him to cripple, and in the end, 1,000 Hong Kong dollars was gone.
The so-called legal system, so to speak, is only effective for Hong Kong people, not for the British.
Now it's different.
In London, a city where capital is everything, there's nothing money can't solve.
Woo woo –
Under William's twisted psychology, Hattie Morahan whimpered constantly, as if to tell of powerlessness and pain, but William had no pity for her, and let her scream in shame and grief.
Since arriving in England, this guy has been like a madman, playing with different English girls every day, as if he wants to wash away the humiliation and beatings he has received.
Ding Ding Ding –
The mobile phone that I was carrying with me rang suddenly.
William made a shushy gesture to Hattie Morahan, picked up the phone and pressed the call button.
"William. What's the difference between the girls in London and the girls in Singapore?"
"It feels good. The complexion is delicate and the figure is good. It's all golden color, and they can speak English, and most importantly, they are very well-behaved, and they even shout in English. ”
“......”
Two scumbags talked about their attitude towards women.
Smile at each other, unspeakably filthy and obscene.
Long.
Shen Jiannan mentioned the right thing.
"How many of our shorts on the pound are now. ”
"About thirty million pounds. ”
Shen Jiannan was speechless for a while.
I want to say something, but I don't know what to say for a while.
This small amount of position size can make a lot of money.
But Shen Jiannan also knew that William couldn't be blamed for this. Although the London International Futures Exchange is the largest futures exchange in Europe, it is incomparable with the later market size, and the trading volume of 30 million pounds a day is very limited.
Shen Jiannan was silent, William stroked Hati Morahan with his hand, and with a spirit, the guy asked.
"Boss, have a problem?"
"We need to build more position size, not only to accelerate the opening of short positions on the pound, but also to start building positions on interest rate futures. ”
The original reason for the emergence of so-called interest rate futures was because of the call rate.
The government's fiscal policy, monetary policy, inflation, national production and income, and national demand for cars and houses will all affect the fluctuation of bank interest rates.
Interest rate fluctuations expose both borrowers and borrowers in the financial market to interest rate risk, and interest rate futures are created in order to avoid or reduce interest rate risk.
Of course, interest rate futures are a type of futures, standardized contract transactions in the form of margin trading.
The decision-making of Germany and the United Kingdom cannot be changed by manpower, and under the irreconcilable factors, Germany will definitely raise interest rates to curb inflation, and the United Kingdom can only cut interest rates and put more money to deal with the continuous increase in unemployment at home.
There is simply no possibility of coordination between the two.
However, the reserves of the financial market are limited after all, and the market turnover of foreign exchange futures alone cannot accommodate too much capital, and interest rate futures are undoubtedly equivalent to an extra choice.
"Boss. Are you sure?"
"Hmm. With the current economic environment in the UK, there is no support for the possibility of raising interest rates at all, and only by cutting interest rates and releasing money circulation can the UK get out of the current predicament. Italy and the UK are in a similar situation, and they can only cut interest rates, not raise them. “
“.....”
ps: QQ group 824987574, full of 2,000 fans, find group management to verify the value of fans into the full subscription group.