"U.S. Treasury issuance increased month-on-month in September. Due to a period of consideration, Wang Nuo did not hesitate to cut this variable.

The US Treasury bond is a very peculiar thing, the Treasury bond is an IOU of the federal government, and the scale of the US Treasury bond has exceeded 20 trillion yuan, of which there are many short-term Treasury bonds, and the money to repay the debt is counted in the fiscal expenditure, what should we do if the money is not enough? The Treasury auctions off the bonds.

Treasury bonds are issued through regular auctions, with 3-month and 6-month Treasury bills being auctioned every Monday, 1-year Treasury bills in the third week, 2-year Treasury bills announced in the middle of the month, and other 5-year, 10-year, and 30-year Treasury bills are not auctioned in September.

Therefore, to determine that the issuance of U.S. Treasury bonds increased month-on-month in September is to determine that short-term Treasury bonds will be issued more.

From the perspective of liquidity and liquidity, it is a strategy to reduce the dual flow by issuing additional treasury bonds.

The issuance of additional Treasury bonds will generally cause interest rates to rise, and the bond market will become bearish, that is, to lower the price of bonds, but for the US economic system, this is not a 100% probability thing, and if the inflow of funds due to the strong dollar is sufficient, it is a way to adjust.

However, the issuance of additional treasury bonds is to increase fiscal revenue, which means to expand the fiscal revenue and expenditure table at the back, which is an expansionary fiscal policy that will stimulate inflation, and the conclusion is ...... There is a high probability that inflation will rise and the dollar will depreciate.

Under what circumstances do we need to stimulate inflation and depreciate the dollar? Most likely because the appreciation range has been pulled out.

In other words, Lao Mei has completed half of the rhythm of scissor plunder with currency value adjustment.

"When the value of the currency rises, it controls the inflation rate and borrows money to spend money, and when the value of the currency falls, it stimulates the inflation rate, stimulates the economy, and sells goods to repay money......

With the truth formula of the financial world in mind, Wang Nuo has some awe of the word finance.

In any case, by cutting out one variable, the outline of the data graph in Wang's mind becomes clearer, and he tends to think that the dollar will rise first and then fall.

As a result, an interesting speculation came to mind, that Wang Nuo would deliver a full $4.8 billion position to a trader who might be a foreign exchange deposit at the end of September, and that mid-to-late September might be the peak of the value of the dollar, and then ...... Has the counterparty completed another batch of forward transactions to hedge against the risk of a possible depreciation of the US dollar?

In the end, it seems that the trading party has the possibility of smoothing out the risk, earning only stable interest and making structural adjustments at all times, which is the usual style of official institutions, and safety is the priority.

"If the timing is right, the reserve can even disclose more 'real' positions at the appropriate point of the trough, and then open up a larger exposure, swallow up a little more extra profits, and the overall asset value will not be affected, and the interesting thing is that there is a ...... in the data that there is so much trade deficit every year and the volume of foreign exchange reserves that has not increased for a long time."

"What do you mean?" Like thousands of people who have been exposed to the core data of the financial world, Wang Nuo seems to see the Eastern Divine Dragon and the Western Giant Eagle staring at each other in the air at this time, and those guys above may have fought thousands of times before.

With the addition of the 50 million withdrawn, there are now more than 280 million US dollars in the account, plus the 200 million restricted funds entered by the company, the maximum pool of funds that can be used is more than 480 million.

But the company's 200 million is used to prevent market fluctuations that cause problems in some transactions, and it can't actually be used unless it ...... It can maintain the loss limit of the corresponding data on the books.

Wang Nuo's analysis of the trend of the international financial market is not accurate to the extreme, aside from the cut variables, he and Lujiao both feel that there is a high probability of bullishness on the short-term line, counting the quantitative "additional issuance of treasury bonds", the short-term trend should still be 70% sure.

Moreover, the changes in the early stage and the quantitative amount of "additional issuance of treasury bonds" in the later stage are absolutely mutually influential, and if the dollar appreciates, the adjustment direction of many chain strategies can be roughly known, and vice versa.

The investment strategy is well developed......

"Selling the United States/Europe, or buying the European Union/United States, with the sale of gold and commodity futures contracts, or the purchase of oil to hedge part of the risk, and then continue to carry out technical arbitrage, I think it will be more in line with everyone's expectations. "On Saturday, the conference room was full of people, and the green corner was still the habitual singing head.

In the eyes of Green and others, they really don't think that the other investment teams of Tyrone International are capable enough, except for Wang Nuo.

When September was approaching, if you wanted to walk around the high-risk areas for this round of change cycle, Green Corner decided to only bring Wang Nuo and his team in to discuss together.

The green corner of the past two days is not idle, although Wang Nuo did not get that kind of "flash of inspiration" conclusion, but the direction of the conclusion was determined, just an investment plan, and Oreno, who has been engaged in trading for 20 years, can get it in the blink of an eye.

Taking positions in the foreign exchange market, structural positions in other markets, and Green Corner's investment plan fully reveals all their knowledge of the financial markets.

"We plan to push our bullish dollar position to around the face value of 3 billion, plus the positions of other products, the total face value of the contract may exceed 5 billion, Wang, what about you?" Greene stared at Wang Nuo, hoping to get an accurate answer.

Say a thousand words and ten thousand, and the position represents everything.

said that he was cautious and optimistic, and then entered the market directly and took a heavy position, and the fool knew that this was insincere, Wang Nuo used mediocre remarks to look at the US dollar, and now his position is the final attitude.

Green Corner's investment plan can be regarded as risky, a 3 billion foreign exchange market position, according to the historical amplitude of the US dollar, is likely to be a profit and loss of 10 million to 50 million US dollars, plus positions in other markets, may be close to 9 figures.

Some time ago, they made tens of millions of dollars on the Australian dollar, and this wave is to temporarily lose all the paper profits, but for them, if a billion dollars can't make more than nine figures a year, it's a failure.

"We will take a position of 1 billion, exchange rate products. Under Green's gaze, Wang Nuo looked at Ye Yaohua, who stood up and said the plan.

It's just a number, and the people in the green corner suddenly couldn't hide the disappointment in their hearts, more than 280 million US dollars to take a position of 1 billion, and it is really normal to put it in the foreign exchange market.

If there is a way, as long as hundreds of millions of funds can flow into certain countries, the annual rate of return of 7% or 8% is almost stable, with the average amplitude of the foreign exchange market, even when the changes are drastic, it is really nothing to leverage 4 times.

"Sure enough, it's a conservative plan. Although everyone in the conference room intellectually recognized Wang Nuo's choice, the strange feeling in his heart always lingered.

It's too normal, it's too unlikely.