The U.S. market has held up for the time being, but the European market has been miserable.

Although the central banks of countries such as Germany, the United Kingdom, France, and Belgium have lowered their short-term interest rates, indicating that they are not worried about the danger of inflation, and therefore long-term interest rates do not make sense to rise, in fact, long-term interest rates in their countries are slowly rising.

The logic of the whole financial shijie is no longer what the central bankers expected, after suffering from the Fed's interest rate hikes and losses on the yen, hedge funds can no longer take care of the fundamentals of Europe, and what they want to do now is to withdraw from Europe and bring the dollar back home.

When Zhong Shi came to the trading place the next day, he saw three traders with red eyes looking at the screen with excited faces, and as soon as he pushed open the door of the room, the three traders let out a cheer, and then the three of them jumped up in front of him like an invitation, and scrambled to say:

"Zhong Sheng, bond yields in the German market have risen by a full two basis points!"

"The Italian market is up 6 basis points."

"Spain's is up 4 basis points."

"British ......"

……

Zhong Shi was stunned for a moment, and then reacted that the hedge fund was about to withdraw from the European market, so he asked with a smile: "How much did we earn?" ”

A change of two basis points means that the price of the 10-year period has fallen by almost 0.2, which translates into 200 marks (the leverage has already been calculated), and the German bond market gives a leverage of 50 times, but Zhongshi leaves some funds as a backup in order to avoid risks. The leverage will be reduced to 40 times.

"The German market made about 1 million marks, and the yield was around 10%."

"The Italian market earned 4 billion lira, equivalent to more than two million dollars, with a yield of about 18.5%."

"The Spanish peso earned more than 400 million pesetas, which is equivalent to more than three million dollars, and the yield is around 15 percent."

……

"Haode, you can go and rest, thank you for your hard work, when this wave of market passes, I will send you a big red envelope!" Zhong Shi's face didn't show any joy. But deep down in his heart was ecstatic. As originally envisaged, American capital began to withdraw from Europe.

The three traders left happily, and they were tired after a busy night's work, if they hadn't rushed to give Zhongshi the good news. They won't wait until this time either. This kind of work intensity is nothing to them. There have been days of all-nighters in a row. But since the big boss spoke, they happily went to rest.

After the arrival of others who operate the U.S. bond market, Zhongshi and Louis began the day's work together.

……

"Eight squares. How do you do things? Let the yen appreciate so much in one day! In Tokyo, Japan, Prime Minister Hosokawa angrily yelled at the cabinet ministers next to his seat.

This is a conference hall in the Prime Minister's Office, and in addition to the Japanese foreign minister, the governor of the central bank, the minister of finance, and other high-ranking government officials, there are also many presidents and presidents of automobile companies, and other well-known figures, all of whom bow their heads and dare not face the prime minister's anger.

"Tell me, what now?" After venting his evil fire, Prime Minister Hosokawa finally calmed down and sat down on the sofa in the center: "Let me tell you one more thing, the Americans actually installed a bugging device on the plane, which was just found out by the Ministry of Defense, and it is no wonder that the Americans know the bottom line of this negotiation well." ”

His words surprised the people present again, and without caring about maintaining any etiquette in front of the prime minister, these well-known figures in the Japanese business community began to talk in whispers from one mouth to another. The occurrence of such a thing is particularly unacceptable to these Japanese elites, whose self-confidence has just been inflated.

Throughout the 80s, under the dual stimulation of the economy and the stock market, the confidence of the Japanese was extremely inflated, and as a result, as soon as they extended their tentacles to the United States, they were severely attacked twice by the Americans with financial weapons, first the exchange rate was forced to appreciate, and then the financial market was opened, and the final result was that the Nikkei index fell from the highest point of nearly 40,000 points to about 19,000 points now.

However, even after suffering such a heavy blow, Japan is still in a surplus position in the international trade between the United States and Japan, and now the United States is going to attack this aspect. If the yen appreciates to the point of 80:1, none of the car companies here will be profitable.

"In terms of the yen, our central bank will take action to maintain the value of the exchange rate at the level of 110:1 for a period of time in the future." After a long day of silence, the central bank was the first to express its opinion, which is also their job.

"What else?" Hosokawa breathed a long sigh of relief, at least for now, one aspect of the problem has been solved, "What about the rest, the Americans are still threatening us with unilateral export sanctions, what about the opinion of the foreign minister?" ”

"Delay as much as possible, it's really not okay to let the auto industry use American parts." The Foreign Ministry's answer was not what most people expected, and it was the consensus of all Japanese elites in the room, after all, they are politically weak and economically dependent on exports, so the final result is to be soft, and now it is up to who takes the first step back.

"No, no......" Hosokawa stood up and paced back and forth two steps, "such a give-and-ask situation can no longer exist, we must teach the United States a lesson and tell them that this is not their backyard." ”

"Against the United States? Is this possible? Hirocho Fujii of the Ministry of Finance asked rhetorically, "Not to mention that the total economic volume of the United States is much larger than ours, but to say that the strength of the US dollar is far from being able to compete with the current yen. ”

What he said was the truth, which made the people present speechless for a while.

After a long silence, a faint voice suddenly sounded: "Maybe it's possible!" ”

As soon as the words fell, everyone's attention was focused on the person who spoke. This is a middle-aged man wearing thick glasses, and when he saw the eyes of so many big people looking at him, he couldn't help but feel a little at a loss, and waved his hand again and again to explain: "I just said that there is such a possibility......"

"Who is this?" Prime Minister Hosokawa couldn't help but move when he saw that his face was flushed, and he looked at the other people present, but most of them shook their heads, indicating that they didn't know him.

"I'm Jun Inagawa, an economist at Nomura Securities, who is in charge of researching the North American market, and the U.S. economy is currently ......," the middle-aged man stood up. First of all, I introduced myself. After a pause, seeing that no one interrupted him, he prepared to continue.

"Wait, you keep talking, I'll have a meeting. People from the bank, the Ministry of Finance, and the Ministry of Finance will follow up on this matter. Prime Minister Hosokawa suddenly interrupted Jun Inagawa's speech. Then he said something that was confusing. Then he left the conference room without looking back.

With his departure, several ministers also found an excuse to hold back, and the entire conference room was left with a large group of business people and a low-ranking official from the Ministry of Finance.

"This ...... What's going on? Jun Inagawa apparently didn't understand what was going on. When he saw that the leaders of the big enterprises present were all disapproving, the confusion in his heart became a little heavier.

"Inagawa-kun, you go on to say that politicians are this virtue and dare not offend Americans." The president of the Bank of Tokyo, Sutsuo Takemiya, glanced disdainfully at the officials of the Ministry of Finance who remained in the conference room, "This is the essence of politicians!" ”

Since the turn of the Japanese stock market, Japan's political scene has changed frequently, the prime minister has changed one after another, and Japan implemented democracy after World War II, so these big entrepreneurs do not have a high level of reverence for the prime minister, let alone a small Ministry of Finance official.

The official's cheek twitched, and he turned his head as if he hadn't heard anything, but he was thick-skinned and knew that the person in front of him could not afford to offend, and then again, being thick-skinned is also one of the compulsory courses for politicians.

Seeing that others had no opinions, Jun Inagawa continued: "At present, the U.S. government is worried about the risk of inflation in the country, so it suddenly announced an interest rate hike on February 4, which was originally a signal to the market that the Federal Reserve has noticed the risk of inflation, but it will inevitably have an impact on the bond market, and second, it may cause financing difficulties to the liquidity of the real economy." But this is great news for Japan. ”

"What we can do is wage a financial war without gunpowder, and the main battlefield is in the bond market. Due to the appreciation of the yen, we hold a large number of U.S. Treasury bonds, taking advantage of this time to sell in the market, causing turmoil in the entire market, and then depositing the exchanged dollars in the U.S. banking system, increasing the risk of future inflation, forcing the Fed to raise interest rates again, and then selling, so that the final U.S. long-term interest rate reaches a new height. ”

"In addition, we can also short the U.S. Treasury bond futures market and the European Treasury bond futures market to force dollar capital to flow back to the United States and increase the liquidity of the United States, so that the Federal Reserve is likely to raise interest rates to an unimaginable point under the dual pressure of both domestic and foreign markets."

Jun Inagawa, who was talking eloquently, was completely immersed in the blueprint he had outlined, and he didn't even realize that the faces of all the big conglomerates, clubs and others present had changed. How can a few terms force the United States to raise interest rates?

"Inagawa-kun, according to your estimates, how many dollars of capital will the United States end up losing?" After a long silence, someone finally asked the common question in the hearts of everyone present.

Jun Inagawa was stunned for a moment, then lowered his head and calculated for a long time, and then said with some uncertainty: "If my calculation is not wrong, in the end, the United States will lose hundreds of billions of dollars in bonds alone." ”

As soon as his number came out, there was an exclamation in the conference room. (To be continued......)

PS: It's almost the New Year.,It's not easy to code words.,There's no network at that time.,These two days to code out all the chapters of the New Year.,I'm really sorry for everyone.,There's less update.,I'm embarrassed to ask for any tickets.。