Chapter 845: Spot Price, Eccentricity

The only concern is that there is only some information about the Thai bond market in the future information, and there is no other relevant information. Pen? Interesting? Pavilion wWw. biquge。 info

In fact, up to now, Lei Hao also knows that things about future information are not 100% necessary for him, such as Thailand's bond market, with the strength of Thunder, it is absolutely feasible to enter and speculate.

There are some things, know and don't know, the response is actually the same, Lei Hao realized this.

But the feedback received from CCB almost made Lei Hao think that he had heard it wrong.

"Spot price? Buying bonds for April 1 at spot prices is an April Fool's joke. After receiving the first price offered by CCB, Lei Hao had the urge to flip the table.

Under the central bank, there are state-owned financial institutions and private financial institutions, at present, private financial institutions are headed by Thunder, and the state-owned financial institutions have the most chance of winning the project is CCB.

The relationship between Thunder and CCB is also very delicate, that is, the two bidders secretly negotiate with each other, distribute the profits and then submit the plan.

For example, under the same conditions, both Thunder and CCB can earn 100 yuan from this project, so the two of them will discuss, and Thunder will give CCB a price difference of 50 yuan, and then let Thunder do this business.

If it is a bond forward transaction a few months after the spot price is executed, it is equivalent to CCB not only having to thunder and not make money, but also having to put it in backwards.

The price of a bond generally rises over time because of the coupon rate.

I bought a $100 bond with an interest rate of 6% on January 1, and after three months, the $100 became $101.5, and $1.5 was three months of interest.

Abandon all influencing factors, assuming that bonds are rigidly paid (in fact, treasury bonds are basically paid), the spot price is the current price, and the forward transaction is that I will trade with you someday in the future, and buy forward bonds at the spot price, that is...... Now the bond is 100 yuan, and a few months later I still buy it with you for 100 yuan, which is a robbery.

"Mr. Lei." Xia Yibei has not completely left the fixed income department of the Thunder, and this matter is under his control, but he also woke up from the excitement in the morning and saw some unusual signs: "This is not our agency's business, they have to set the rules." ”

"It can't be spot either!" Lei Hao's expression was a little gloomy.

State-owned institutions have an absolute advantage in this type of business, and although the big four banks are all listed companies and are managed by boards of directors, everyone knows that the biggest shareholder of these guys is the state, so their executives don't really have much pressure to make profits.

Political achievements are the pursuit of state-owned institutions.

Private financial institutions, on the other hand, have no profits, and everything is in vain.

Perhaps this kind of business can be converted into the cost of information acquisition, even if it loses money, as long as it is not a big loss, it is acceptable to Thunder, because they can extract a certain amount of information from these projects that is enough to affect the operation of funds, and the money lost in the front can be earned back later.

But spot price! Spot price! This is simply a ridiculous joke, this is a living bully.

"Interest rates in the Thai market won't change much!" Lei Hao said this sentence with certainty, but then he remembered something, groaned, and continued: "Yes, there should be no change, but fluctuations are possible." ”

Xia Yibei listened attentively, and silently wrote down what Lei Hao said, Lei Ting's employees, Lei Hao's analysis was directly used as a certainty.

"No matter what, no matter how the market changes, buy forward bonds with me at spot prices, hehe, CCB's abacus is really fine!" Lei Hao had a breath of anger in his heart, "Do you really think I can't do anything about them!" ”

"Actually, we really can't do anything about each other." Xia Yibei didn't dare to say this, so he only sighed silently in his heart.

China's private financial institutions, if against non-Chinese financial institutions, then there is definitely the entire red capital system behind it, but if it is against Chinese state-owned financial institutions, it will be interesting, natural weakness is not just talk.

"Let's talk about it, I believe this price is elastic." Xia Yibei said with a bitter face, showing a persuasive attitude in his words.

The situation is stronger than people, this is a great opportunity, even if it is a loss, the Thunder is better next.

The problem is that as long as you dare to release the news, a large number of institutions in China that want to accept exploitation will jump out and say "shoot at me".

Xia Yibei persuaded hard, and kept saying that he would try his best to negotiate with the other party.

Lei Hao's mood also calmed down, and when he thought about it, he realized that whether it was himself or the rest of the company, he was a little too naïve.

The discipline of state-owned financial institutions is that there is no discipline, and all of them are mutually beneficial and long-term cooperation, and the style of the four major banks is to eat alone, but these "foods" are really the exclusive enjoyment of state-owned financial institutions.

Now that we want to engage in financial marketization, the central mother is beginning to be a little less partial, and these sons of state-owned financial institutions can only pinch their noses to accept it, but they will try to minimize their losses.

I don't make money, you don't want to make money, I not only want to earn, but I still take it all, you can just use the money in exchange for information, and don't think about other things.

What will be the attitude of the central bank in the long run? Lei Hao felt that it was most likely indulgence.

It is not unacceptable for the central bank and state-owned institutions, state-owned institutions and private institutions to form an umbrella-shaped three levels, after all, state-owned institutions make money, which is equivalent to the state making money, and sons are also divided into parents or not.

"Or is it that the central bank didn't even think about giving us profits, but was just embarrassed to ask us to exchange money for information?" Lei Hao began to look at this matter objectively: "That's right, for the country, private institutions can exist and develop, but the most trustworthy is always state-owned institutions." ”

"It's really a group of people who want to build an archway and act as a ......" Lei Hao almost scolded, but after confirming this, he couldn't accuse intellectually.

Even if the Thunder and other private institutions are not allowed to make profits from it, the central bank is promoting financial marketization, but it is not a big stride, but a small movement.

Don't blame, it's just that the position is different, the country is always the state, from the legal point of view, the country always has your share, as long as you are Chinese.

"Let's talk and analyze, and by tomorrow at the latest, I want to see the conclusion and progress." Lei Hao shook his head and commanded Xia Yibei.

Recently, Lei Hao is busy with getting married, and Lei Hao doesn't really want to continue to be a workaholic, but this matter involves the development plan of the group, and he still has to ask about it.

Besides, the matter of the financial circle ultimately has to be decided by the market, even if the opponent has the absolute upper hand, it is not necessarily impossible to turn defeat into victory?