Chapter 146: Calamity

Lin Zien's oil and salt did not enter, which made Ye Piaoling tremble with anger, and pointed at Lin Zien angrily for a while before making a sound, "Don't think that I don't dare to attack you just because of Mr. Huo's support, Mr. Huo will protect you again, Lin Zien, I will give you a piece of advice, if you meddle in your affairs, the consequences will not be what you can imagine." ”

Lin Zien was unmoved, got up elegantly, poured two cups of coffee, and handed it to Ye Piaoling while saying lightly, "Ye Piaoling, I also sincerely remind you, you have to pay it back when you come out! You had better pray to God to protect Junzilan and get better soon, otherwise I don't dare to guarantee that the man surnamed Ye abroad will fly back to China as soon as possible to visit the woman surnamed Bai who has come back from the dead and lived in seclusion in the suburbs!"

A man surnamed Ye?

A fear accompanied by ruthlessness spread in his heart, Ye Piaoling squinted at Lin Zien, "Yo, do you threaten me?" There are some things that I was still hesitant to do, since you said so, then good, let me see how capable you are, how you can contact someone who doesn't exist at all." ”

Lin Zien took a sip of coffee and took a sip of his lips, squinted his eyes, and then slowly spoke, "It's my business whether I can get in touch or not, although I haven't figured out many things 28 years ago, but at least one thing is worth affirming, that is, your so-called reason for revenge against the Jun family can't stand scrutiny at all, if you insist on going further and further on the wrong road, then I can only regret reminding you that the consequence of self-righteousness is often to lift a stone and shoot yourself in the foot!" If you don't believe it, remember what I said today, and we will wait for the day when the truth comes out to verify it, and see if it is your ignorance and vain that uncover the hidden pain of the previous generation, and then repeat the tragedy in the next generation. ”

"!" Ye Piaoling pushed away the coffee cup in front of him and stood up suddenly, "I will also tell you a word, nosy people often end up dying or in a desperate situation, if you insist on wading through this troubled water, I will use my head to guarantee that even Mr. Huo will not be able to cover you." ”

Lin Zien was not angry, but said to Xiao Li who suddenly pushed the door in, "Xiao Li, help me send off guests." ”

"No need to send it, I'll go by myself!" Ye Piaoling suddenly showed a strange smile, "I hope you don't regret it!" After speaking, without waiting for Lin Zien to react, he brushed his sleeves away.

The days are quiet, and soon it will be Christmas.

However, financial people can not feel the atmosphere of the festival, because with the trial issuance of treasury bond futures, the atmosphere of the S futures exchange began to be unusual, and the international "copper futures war" that had attracted much attention could not cover the limelight of treasury bond futures with the contract code of "512"!

Due to the sluggish trading of treasury bond futures just listed, inflation remains high this quarter, and the upper authorities have decided to give some treasury bond hedging subsidies with reference to the hedging subsidy rate announced by the central bank, and this year's GDP (gross domestic product) growth is about 36%, CPI (consumer price index) is about 22%, and the bank's "fixed interest rate hedging subsidy" is about 14%.

Under such circumstances, the space for speculation in the treasury bond futures market has expanded, and the face value of the "512 treasury bonds" is 100 yuan, and the price fluctuations of the spot are very astonishing.

There are 288 members in the S Futures Exchange, and among the 288 members, three are relatively strong, and the strongest ones are Huada, Silver Star, and Zhongcheng that represent the industrial, agricultural, and construction seats to enter the market; but these three, because they hold a large amount of spot, so they rarely get involved in treasury bond futures.

The rest of these companies are not as big as the three, but the Guotong Futures, which is backed by the Ministry of Finance, is the largest one except for these three; ordinary people don't care much about the movements of Guotong, but Guotong and Silver Star are not rivals in the first place, because both are "market makers".

In order to stabilize the spot bonds, after Zhen Xiaoren went to Beijing for a meeting, Guotong consciously opened the spot bonds for some reason, and took the initiative to carry out "level-level" transactions, buying low and selling high, in the name of maintaining price stability.

Due to the large position of the Ministry of Finance, during this period of time, Beitangmo was surprised to monitor that in terms of individual varieties, the trading volume of Guotong was once close to the silver star.

And Zhen Xiaoren, the boss of Guotong Futures, threatened: his operating logic is to "write off" a part of the spot at a low price, and the Ministry of Finance will give him a certain difference subsidy.

Different from Guotong's Zhen Xiaoren's concept, Lin Zien was reluctant to get involved in treasury bond futures, but somehow, in the week she went to the Silver Star headquarters for a meeting, she unexpectedly found that Silver Star had unknowingly participated in the war - Silver Star was based on the position of small and medium-sized retail investors to enter the market trading;

Because she couldn't rest assured, Lin Zien had to change the itinerary and return to Jiangnan in advance, but unexpectedly, the thing that worried her the most and the least expected happened unavoidably.

Lin Zien rushed back to Jiangnan overnight, and rushed to the company early the next morning, to be honest, although she didn't care much about what Huo Jingchen said when she went to pick up the airport, but the news she saw last night said: The central bank is going to adjust the benchmark point, so she has a hunch that the trial issuance of treasury bond futures will definitely set off a financial storm on the eve of New Year's Day.

As soon as she arrived at the company, she entered the internal system, carefully studied the positions of each company after yesterday's closing, she was surprised to find that Guotong and Silver Star's position is basically close, it seems that at this point, the understanding of the two sides is still the same, each other are "market makers", otherwise, the "512 treasury bond futures" this variety will not be from the initial listing of about 80 yuan, less than two weeks all the way to the highest level as of yesterday's closing price.

"Mr. Lin-" She was locking her eyebrows and studying yesterday's position, Beitangmo walked in with a worried face, "I think yesterday's market was very weird, and Guotong's actions were also very abnormal, this situation is very similar to the recent "Copper War", if it is so sustained, how can I have a feeling of "long and short betting"?"

Lin Zien pushed away the computer, clasped his hands on the desktop, and said slowly while thinking, "Fundamentally speaking, Guotong and our Silver Star are not opponents, and there is no inevitability of "long and short betting". Of course, if the National Treasury lowers the real interest rate of the bonds, who is more beneficial? Of course, it is one of the important shareholders of the National Treasury, which is currently one of the important shareholders of the National Treasury; in the same way, if the National Circulation lowers the real interest rate of the bonds (and raises the price), who is more beneficial? Of course, it is the ordinary people who hold the spot, and our Silver Star originally entered the market based on the position of small and medium-sized retail investors, so it should be beneficial and harmless to us. ”

"But the problem is that the central bank's media spokesman has already made a statement, saying that the central bank's monetary policy has changed, and it is necessary to tighten funds, withdraw money, and the stock of funds in the market is extremely tight, and it is not ruled out that interest rates will be adjusted in the near future. Beitangmo frowned, worried, "Guotong's background is different from ours, there is a Ministry of Finance behind Guotong as a shareholder, if you choose to raise the spot, you can cash out more of the price difference through repurchase." However, I think that the central bank should hope that the difference between the trading price of treasury bonds and the repurchase price will be smaller, so that the Ministry of Finance will have the opposite position of the central bank, because the price difference is larger, which is conducive to gradually expanding the scale of financing through the continuous issuance of new bonds, and issuing new bonds to repay old bonds. ”

Lin Zien didn't answer, in fact, she knew very well in her heart - it will be New Year's Day in a few days, according to the usual practice, the Ministry of Finance's policy requirements for the issuance of treasury bonds in the next year should not be lower than that of the previous year; due to high inflation, resulting in unstable prices, then it should be very difficult to issue bonds, right?

After the market closed yesterday, she had a telephone conversation with several financial tycoons she knew well, and it turned out that everyone was predicting that in the first week of the new year, the central bank would really issue 80 billion yuan of three-month central bank bills in the open market, as their spokesman said, and at the same time carry out a 91-day repurchase operation of 50 billion yuan? If so, the interest rate would be 1. 3284% and 1. 36%, up 4 basis points and 3 basis points respectively from the previous period, it is estimated that these three or four basis points will make many trading varieties be hit to the "fall limit" price, right?

It is her consistent idea to take a light position before the holiday, otherwise, if she really catches up with the central bank to adjust the benchmark point, then, whether it is long or short, who can escape?

Thinking of this, she was just about to say something, Director Bai of the S Futures Exchange pushed the door in with a smile on his face, and said with a smile when he entered the door, "Xiaolin, good news! I didn't expect you to have such a high reputation in the financial world at such a young age......

"Hello Director Bai!" Beitangmo got up and said hello to Director Bai, although he was very reluctant to leave before he finished talking, he knew that Director Bai would definitely have a personal matter to talk to Lin Zien about, so he had to say to Lin Zien, "We'll talk about it later", and walked out worriedly.

Beitangmo walked out of Lin Zien's office, did not go back to his office, but turned his head to the trading department, he was not at ease, he always had a hunch, as if today would be a turning point in his life, this feeling was so strong, so strong that he could barely control the gaffe.

The good news brought by Director Bai is really gratifying, Director Bai talked about it at more than eleven o'clock in the morning, and saw that it was lunchtime, because he was a close friend of Lin Zien's father, although he wondered why Lin Zien was incognito in Jiangnan as an ordinary person, but the Yun family, as a wealthy family that has been strong for hundreds of years, has all kinds of ways to sharpen the heir, so he didn't ask his friend for confirmation out of curiosity when he met with his friend in the previous paragraph, and now his friend's daughter is so good, as an elder, how can he have a meal？

When he went out to meet a nobleman, this is really true, Director Bai and Lin Zien, who walked out of the elevator, just said which restaurant to go to eat, and met Director Wen of the Futures Department of the Securities Regulatory Commission.

(Tianjin)