You know, the reason why the battle between Zero Fund and LTCM has attracted much attention is because it is also the first hedge fund war in the history of the world.

The madness of hedge funds in the investment field in recent years is obvious to all, and everyone wants to see what kind of fierce sparks can be collided between the two major hedge funds?

So before 11:00 arrived, the elites in the world's financial circles put down their hands or set their eyes on Wall Street, guessing which financial market the zero fund would attack first.

Even the major bookmakers in Las Vegas have opened special betting markets for the first time to bet on the winners and losers of the battle between two hedge funds.

However, what many people didn't expect was that the odds offered by major bookmakers were not inclined to LTCM, which has an absolute advantage in strength.

On the contrary, more than two-thirds of bookmakers have unexpectedly fallen to the zero point fund after combining the investment strategies and trading methods of the two major hedge funds!

Clear-eyed people know that the bookmaker can offer such odds, and the value is naturally not the zero point fund, which occupies an absolute disadvantage in strength, but because the zero point fund has a Qiao Tianyu!

Early this morning, the LTCM "Five Heavenly Kings" led by Meriwether, the father of Wall Street bond arbitrage, gathered early in the LTCM trading center to discuss countermeasures as if facing a great enemy.

However, these five big names in the investment world couldn't figure it out, LTCM uses the world's most advanced arbitrage model, strictly implements the risk hedging strategy, and does not expose any risk positions at all, no matter how the market fluctuates, their portfolios will be able to earn risk-free profits.

It can be said that LTCM is absolutely monolithic, and there is no vulnerability to be attacked at all, so where does Qiao Tianyu's confidence come from, and when the investment funds are far from being at a disadvantage, he dares to react to the attack on LTCM, is Qiao Tianyu really crazy?

However, although theoretically speaking, LTCM is definitely invincible, but after all, the other party is the hottest ace trader in the world at present, and he has not been defeated since his debut, so the name "Qiao Tianyu" alone is enough for them to drink a pot.

And before 11:00 arrived, the "Five Heavenly Kings" began to stare intently at the major financial markets, for fear of missing every sensitive information, for fear of being attacked by Qiao Tianyu in advance.

However, since Qiao Tianyu clearly told them in the declaration of war that the battle was at eleven o'clock, he naturally would not break his promise and sneak attack, Qiao Tianyu never bothered to do it.

11:00 is coming, Qiao Tianyu, who is sitting in the trading command center of Saudi sovereign wealth gold, closed his eyes tightly and began to count the time in his heart.

"This is the time!"

When the wall clock on the wall rang eleven o'clock, Qiao Tianyu, whose eyes were closed, suddenly opened his eyes, habitually pinched his nose twice with his right hand, and shouted in his heart, "Kill!"

"U.S. Treasury bond market! Three-year Treasury bonds, $2 billion, 50 times leverage, sell!" Qiao Tianyu ordered Henry, who was far away at the headquarters of the Zero Point Fund in New York, through his mobile phone.

In fact, Qiao Tianyu's instruction is very targeted, according to the analysis data of the previous "Eagle Eye" monitoring system, LTCM holds a long position of about 26 billion US dollars in three-year Treasury bonds, Qiao Tianyu suppressed the three-year Treasury bonds in the United States, the price fell, and LTCM will face a lot of losses!

"Roger!" Henry, the acting trader, immediately acted and immediately executed the order.

For a time, the three-year U.S. Treasury bond with a sell order of up to $100 billion was frantically smashed into the Treasury bond market, and the price of the three-year Treasury bond immediately fell off a cliff, and the three-year U.S. Treasury bond position of LTCM suffered a huge loss.

"It's finally here!"

At this moment, the LTCM headquarters in Greenwich detected Qiao Tianyu's cards for the first time, but when the "Five Heavenly Kings" saw Qiao Tianyu's first hand to the U.S. Treasury bond market, the nervous expressions on everyone's faces disappeared at once.

"John, look at you!" the other four looked at Meriwether, who was known as the "father of bond arbitrage on Wall Street."

You must know that Meriwether is the vice president and head of the bond department of Salomon Brothers, the largest investment bank on Wall Street in the past, and the most senior and professional bond market operator on Wall Street.

Unexpectedly, Qiao Tianyu focused on the U.S. Treasury bond market as soon as he came up, and directly confronted Meriwether, the soul of LTCM, isn't this self-defeating?

"It's really a newborn calf that is not afraid of tigers!"

Meriwether sneered, habitually looking at the digital arbitrage model, and the digital arbitrage model also instantly issued a "suggested instruction", which was exactly what Meriwether thought, and Meriwether immediately issued a response instruction.

"U.S. Treasury market! Five-year Treasury bonds, $9 billion, 50 times leverage, eat!"

As mentioned earlier, LTCM is known for building risk-free arbitrage portfolios and does not like to expose risky positions, so they held a long position in a three-year Treasury note of $26 billion, and in order to hedge the risk of this long position, they sold about $72 billion of five-year Treasury bonds.

So when Qiao Tianyu issued an order to suppress the three-year U.S. Treasury bonds, bond trading guru Meriwether adopted the opposite strategy and used the five-year Treasury bonds to hedge the loss, and there was a cheer within LTCM.

However, because the three-year and five-year Treasury bonds are not very sensitive to the market, the transaction cost LTCM an additional $7 billion to hedge this risk.

However, the total amount of investment funds in LTCM is several times that of the Zero Point Fund, and it is very wealthy, so I don't care about this little money!

However, at this moment, Qiao Tianyu, who was on the other side of the earth, was not in a hurry and immediately issued today's second order.

"Yen spot, $5 billion, 50 times leverage, sell!"

Of course, Qiao Tianyu's order was aimed at the $12 billion spot yen held by LTCM, and he wanted to make LTCM's long yen position suffer a big loss by suppressing the yen exchange rate.

"Roger!" Henry ordered, immediately manipulated the operating system and turned to the foreign exchange market, as a result of this transaction, the yen index began to fall rapidly, and LTCM's long yen account began to lose money.

"Haha, run! Run!"

Seeing that Zero Point Fund gave up the bond market and switched to the foreign exchange market, LTCM was even more cheerful, and everyone present thought that Qiao Tianyu just fired a shot and was beaten away by Meriwether.

And Meriwether was also convinced of this, thinking that he had beaten Qiao Tianyu away, he stood up proudly and waved to everyone, announcing to everyone that he was the real boss of the bond market......