Chapter 311: First Victory
Debt rollover means that the debtor wants to postpone the repayment of the debt that needs to be repaid in the near future. Pen, fun, and www.biquge.info
To put it more generally, it means that the original 1-year and 5-year bonds will be repaid over 10, 20 or even 30 years.
Can creditors say yes? Only if you can say yes can you have a ghost.
And what is PSI? It is a debt write-down, that is, it is determined that the debts cannot be repaid, and these debts are written off as bad debts.
Can creditors say yes? I promised it, but this time, things were different. (In this regard, I will try to be concise and explain it in popular terms, and I can't use too much popular science content.) οΌ
If it weren't for the closing of several major European stock markets, it would have been down now.
But even so, in the inter-institutional market, CDS prices have risen, and in the foreign exchange market, the euro has depreciated immediately.
Everyone is not stupid, psi has come out, Greece looks like it is ready to rely on, and if it does not adjust its positions, it will be a fool.
βyesοΌβ In the conference room of Thunder Investment, there was a cheer.
Lao Lai made a move, the risk increased, and the raised opening price in front of Thunder Investment instantly became a wise decision, and they began to make book profits.
CDS price increase? Thunder Investments holds.
Will European stock markets fall tomorrow? Thunder Investments holds short futures indices and options.
A depreciation of the euro? Thunder Investments has short positions.
A slight rise in the price of gold? Thunder Investments has a long position.
gave up the insistence on the price and chose to play a time difference, Lei Hao took Leo and others to bet on the results of the first unveiling cup.
"We hold CDS at $23 million, with an average accepted BP of $1637 and now ...... 2000bp is wanted. β
"Most of the positions of futures and options are held on the platforms of HSBC and Keda, 30 million, and the European stock market will definitely fall tomorrow, and it will not be a loss."
"Gold prices are rising, the euro is depreciating, and the foreign exchange and precious metals markets are likely to make the most money."
Leo and the others smiled happily and talked about the situation of the position.
The structural short position that Thunder Investment now holds, strictly speaking, Lei Hao takes a unilateral related position.
Now that the situation is clear, the old Greek has told the creditors that there is no money, the risk has been increased, and the market must be very lively next.
But no matter how it changes, unless the EU is bleeding heavily, the direction of the market will definitely be in favor of the bears, as long as the financial industry practitioners, can easily analyze this situation.
As a result, Thunder Investment was full of laughter, and even Su Yiwen smiled, they knew that Lei Hao had already captured the bridgehead, the first victory was achieved, and there was room for turnaround, and the company would not fail in strategy.
In several large institutions, Nick and the others couldn't laugh or cry, they knew that Greece was very likely to jump out, but they really didn't expect that the other party was so impatient.
"Even so, Thunder Investment is just a paper profit, and in a few days, the EU group will watch Greece do something?"
"I originally thought that I would have the opportunity to intervene in the equity distribution of Thunder Investment, but now it seems that it is ......"
"Still standing still."
"This kind of profit margin is not much different from Lei Hao's previous results."
Is it another round of rip-off? Everyone has a headache.
Lei Hao, a die-hard, is very good at making money, but the required contract is too harsh, and Nick and others can't stand it.
"First the debt rollover, and then what...... Greece will definitely not accept the conditions given by the EU, so it will submit the issue to a referendum, and so it will be counted. Lei Hao felt that the future was bright, and thought firmly: "There is still a profit margin." β
"Keep accumulating, use up our quota first, and then increase leverage!" Thinking about the problem clearly, Lei Hao smiled and ordered Leo and the others.
"Mr. Lei, there may not be much profit margin." Yu Rong has the idea of accepting it when he sees it.
According to the current profit, Thunder Investment has a return of nearly 10 million US dollars, and most importantly, this is only a day.
Even if you count the loss of the transfer of funds from the mainland, and then count the costs of capital operation and borrowing, in fact, Lei Hao took all the funds and earned nearly 10 million US dollars in a few days.
Compared to the past, this is enough, and the topic of take profit can be raised.
"Lao Yu thinks Greece and the EU can get along? Perhaps, the old man owes the boss money, and things can go smoothly? Lei Hao asked Yu Rong with a smile.
Tao Liyu added next to him: "Most people see that something is wrong, so the profit margin is not large, I feel that it is okay to take profit." β
"Let's increase the position, the laborers are moving." Lei Hao shook his head and said categorically: "I'm just ready to finish the battle!" β
There was silence in the "......" conference room.
Then, everyone started to get busy, even though it was already early in the morning, but everyone knew very well that they could sleep four or five hours a night these days, which was already considered a stable market performance.
"Or is it going to raise the price?" Sun Keyi asked cautiously, and he was greeted by the eyes of Leo and the others like fools.
In this case, how to absorb chips without a premium? The newcomer is really unreliable.
Lei Hao doesn't need to say anything, this group of people are elites, as long as he gives direction and requirements, he can get the corresponding detailed plan, and the operation is also responsible for 24-hour shifts, and Su Yiwen is planning the signing of contracts and communication, and the whole company has become orderly from the beginning.
With the current market trend, if Lei Hao does not have a slight premium, he will definitely not be able to collect enough chips, unless he operates in the opposite direction and hedges to clear his position......
If you want to increase your position, you need to pay a premium first.
Trading intentions poured into the platforms of several large institutions such as Keda, and when they saw that the list of Thunder Investment was still in the priority sequence, Nick and others began to feel nervous and excited.
"The profit margin has been compressed a lot, and Lei Hao still has a premium?"
"I can't stand this guy's style."
Everyone finally knows why Lei Hao has the nickname of Lei Laohu, when is this special, and he still increases his position at a premium? It's really damn bad.
Fortunately, Thunder Investment made a profit in the early stage, even if this wave of losses, everyone carefully calculated that it was almost the cost of losing handling fees and overexpenditures, which is not unacceptable.
"The game of nearly 10 million US dollars is already several percentage points compared to the Thunder Investment, which has only one billion yuan in its own assets." Su Yiwen sat in the office, and suddenly understood why Lei Hao dared to sign a VAM contract with him.
If you do it like this, if you win, you naturally don't take that contract in your eyes, and if you lose, even the company will have an accident, a contract or something, there is a fart constraint.
In the hearts of Nick and several people, they also began to tremble a little, and the words that Lei Hao said even appeared in their minds: "Before I leave Fanling, Nick, David, John, Miss Feng, you can all sign according to the contract I provide now, and I will accept your funds." β
From this sentence, everyone can see Lei Hao's attitude: this stage of the work is completed, and the contract will be negotiated separately.
Now that Lei Hao has won the first game, what next? If he wins a little more, he can turn the situation back to square one, and if he wins a little more, the original contract terms will not even be enough to satisfy his appetite, right? (To be continued.) )