Ahead of the opening of the federal government bond market, various data points to an extremely important day today.

Because of the particularity of bond trading, the entire bond trading is heavily dependent on OTC in the over-the-counter market. Investors are large institutions, derivatives are extremely rich and other characteristics determine that this market is not accessible to ordinary institutions, so the floor trading to a certain extent shows the quotation, transaction price and trading volume and other data.

These are the data that do not fully reflect the market, but they indicate that today's market may not be good. Because the brokers in the market are inquiring, those institutions are interested in taking over. There are very few institutions interested in buying, the wind is inclined to sell, and there is a strong expectation of higher yields, which is naturally related to the rumors surrounding the Tianyu Fund in the 10-year Treasury bond market.

Treasuries account for 70% of the entire bond market, with $200 billion or more traded per day. Among them, the trading of 10-year Treasury bonds originally accounted for only about 10% of the market every day, but because of the Tianyu Fund incident, the trading volume of this market has increased by leaps and bounds, and it has recently doubled to a staggering $40 billion.

But today, it is clear to everyone that I am afraid that this volume will be broken.

Sure enough, the moment the bell rang, the phone rang one after another, but to the surprise of most people, the first to pour in was the bulls, and the momentum was violent, and there was a preemptive and sweeping aura.

"$100 million in 100 million 100 million Treasury bonds, with a yield of 3.18%, all wanted!"

"$80 million in 10-year Treasury bonds, 3.21%, sold. Anything else? My client wants to buy some, yes. Tianyu Fund! ”

"A total of $250 million, a yield of 3.2%, you wait a minute, I'll ask my client...... Yes, all of them! ”

……

For the first five minutes, the agent was busy. The market is full of buying voices, and most of the sources of these funds point to one place, that is, Tianyu Fund, which is deeply involved in the whirlpool of rumors.

Such an unexpected circumstance disrupted everyone's deployment, including the bears who were gearing up for a big fight. Especially for the small bears, such a vigorous sweeping momentum directly scared them. Some of them have already wondered whether they want to change their stance in their hearts.

And for those big bears, such as Pacific Investment Management, the sudden market also scared them a lot. But Gross is no ordinary person after all. After analyzing the situation a little, Cheng Zhu said in his chest: "This is their dying struggle. Rest assured, with this eating momentum, they won't be able to hold on for long. ”

In the disbelief of the traders, sure enough, after five minutes of frantic sweeping, the momentum of Tianyu Fund's buying gradually slowed down, and the frequency of buying also decreased rapidly. Ten minutes later, the entire market will no longer see the shadow of Tianyu Fund.

"See, no. That's their empty plan! ”

Seeing this, the corners of Gross's eyebrows rose, his smile was full, and every wrinkle was full of pride, "They are quite able to perceive the psychology of the market, and they don't know how many choices to change this time." For us, though. The strategy that has already been formulated must be strictly and firmly implemented. ”

"Yes, yes!" Erlian. Muhammad replied insincerely, and then asked, "Are we going in now?" ”

"Not bad. Although some of the buying orders were driven by the Tianyu Fund, as long as the true colors of the Tianyu Fund are revealed, these rabble will soon disappear! ”

Gross instantly regained his cold and serious expression, and with a powerful swing of his right hand, he said in a deep voice, "Action!" ”

At the sound of an order, the traders of Pacific Investment Management Company tapped on the keyboard on their hands, and it didn't take long for a steady stream of sell orders to come out of here, which were transmitted to the exchange's server within a few milliseconds, and soon the number of sell orders was displayed on the disk.

At the same time, other bears also found that the momentum of Tianyu Fund was unsustainable, and they also began to tentatively sell some positions to see how deep the water is in today's market.

As soon as a huge amount of selling orders appeared in the market, the bulls that had originally followed Tianyu Fund were like paper paste, and they were defeated at the slightest contact. Without a true backbone, they are nothing more than a pile of mud that can't hold up the wall.

Yields are starting to rise rapidly.

After waiting for a while, the market still did not find any information that Tianyu Fund continued to enter the market to sweep the goods, which basically confirmed the rumor that Tianyu Fund had exhausted its funds. It was as if a hornet's nest had been stabbed, and various institutions quickly jumped out and scrambled to sell the bonds they had in hand.

The yield of the 10-year Treasury bond first rose one basis point at first, but soon jumped quickly by three basis points or even five basis points, and then fluctuated by nearly 10 basis points with each jump, and the market changed dizzily.

"3.8% and they still don't show up?"

In Zhong Shi's office, Jiang Shan was so anxious that he couldn't stop walking back and forth, looking at the plate from time to time, "If this continues, we will really approach the average price." ”

"They're going to make a move!"

Looking at the changes in the disk, Zhong Shi secretly calculated in his heart, but it is a pity that so far, there has been no large payment. He secretly warned himself that since the other party was so calm, he must also be patient.

"3.9%, 4.0 soon!"

Jiang Shan scratched his head violently, his expression was a little crazy, and when he looked at the screen again, he was stunned to find that the yield had risen to 3.9%, although by this time, because of the sharp fluctuations in yields, resulting in the emergence of some buyers, but overall, the market of short strength and weakness has not changed.

"Go tell the trader to sell $1 billion in bonds, 4.0% gain."

Zhong Shi knocked on the table unhurriedly and did not speak for a long time. When the yield jumped again, approaching 3.95%, the muscles on his face twitched violently, and his expression became distorted, at this time, the position of Tianyu Fund was already about to lose money, and he could no longer turn a blind eye. He immediately stood up and paced back and forth in place. His face instantly became resolute and cold, and he said calmly and forcefully, "Since they haven't come out yet, let me urge them." You know, my patience is also very limited, and if they can't read me, don't blame me. ”

Looking at Zhong Shi's iron-green face and eyes that almost want to breathe fire. Jiang Shan couldn't help but shudder, he had never seen this kind of expression before, and he could naturally imagine Zhong Shi's indignation in his heart. He almost crawled out of Zhongshi's office, not lingering for a moment, because he didn't know what would happen next.

Although the traders of Tianyu Fund were very puzzled by this order and were dumbfounded, they were disciplined and organized, and knew that trading time was not the time to ask questions. At present, the division of labor is clear in the market, and soon there are more large sell orders in the long selling army.

"What?"

Gross couldn't believe his ears at first, and only after receiving confirmation did he look happy, "So, the Tianyu Fund is really going to run away?" ”

The news of the sale of Tianyu Fund reached the ears of traders of Pacific Investment Management Company almost immediately. As one of the top-tier institutions in this market, Pacific Investment Management news is much faster than the average institution. And as soon as the news of the start of selling Tianyu Fund came out, they knew.

The once largest bulls turned!

It's the rhythm of throwing in the towel. Anyone can tell what this is all about.

Almost at the same time. Soros, who is far away in New York, also got the news. Cunning as a fox, he immediately ordered traders to sell regardless of the cost and grab the maximum profit in front of others.

And with the change of the two giants, the news quickly spread throughout the market, and Tianyu Fund is about to collapse!

……

Washington.

Even if there were sharp fluctuations in the market after the opening, Roddick. Anke was still sitting firmly on the Diaoyutai with no trace of panic in his expression.

Something about the Bell Stone threat. He has been escalated to the higher echelons behind him. According to his reasoning, although this threat does not carry much weight, it is not likely to disrupt the overall deployment plan, so it is necessary for the top management to discuss this matter.

And he is not qualified to participate in the negotiation at all. Roddick. What Anke has to do is wait quietly. Wait for the final reply above.

It was close to ten o'clock when the phone finally rang.

"Five minutes ago, Tianyu Fund began to turn from long to short, and the market sell-off entered the maximum!" The voice on the phone said lightly, "We are about to fall below the 4% gain, and we think that by opening a position in this position, the gain will be maximized." What do you think about this? ”

"Me?"

Roddick. Anke was stunned for a moment, and then smiled bitterly, "These things you said don't seem to be my professional scope. If you ask me, do you ask that Yu is blind? ”

"No, that's what I'm asking!" The voice said coldly, "To be exact, I'm asking Zhongshi. How long will this guy hold out before our opponents, according to your judgment? ”

"Uh......"

After a long silence, Roddick. Anke replied carefully, "According to my contacts and judgment, this guy is bold and scheming, and if he goes into politics, he will definitely be a qualified politician." However, judging from my contact with him over the weekend, he was visibly unable to hold his breath and took the lead in playing his hole cards. I don't think such a person would have done it rashly if he hadn't been exhausted. ”

"So your opinion is ......" The other party only said half a sentence and then fell silent.

"A rabbit that has been cornered can also bite!" Roddick. Anke sighed and said helplessly, "And there is another very important issue, if we really let our plan be announced by others first, it will be an extremely heavy blow to our reputation." At that time, I am afraid that all kinds of ghosts, snakes and gods will jump out, and I am afraid that it will damage the credibility of the new government. ”

"Your judgment is basically the same as that of our traders!"

It was silent for a long time before the voice sounded again, "The latest news just now, Tianyu Fund sold $1 billion in treasury bonds. Our traders judged that this was their final warning to us. Five minutes later, we will be fully in, and the news will be announced later today, as indicated above. ”

"Have you finally made up your mind?"

Roddick. Anke breathed a sigh of relief in his heart, thinking that the whole thing would finally be settled, and he would not be thrown out as a scapegoat. He asked with great ease, "If that's the case, what else needs me to do?" ”

"You?"

The voice was slightly stunned, and only after a while did he chuckle and say, "Tell the Hong Kong side the good news." But warn them not to add a single dollar to their positions today, otherwise we will treat them as insider trading and expel them from the market forever! ”

For the attitude of the other party, Roddick. Anke didn't care, and hung up the phone in response.

Now his role has completely become a microphone, but he doesn't care, because a microphone can still stay out of the matter, and once involved, it may be abandoned anytime and anywhere, which is absolutely unacceptable to him who aspires to do a career in Washington. (To be continued......)

PS: Thank you book friends for the unity of September, Crab Reading, Xiao Shui Li, and Shi Huang Tian for voting for the monthly ticket! Thank you for the tips from the royal family! It's been a lot of work to write recently, and the update is really not powerful, I'm sorry everyone, I have to adjust my mentality in the future, and it's time to get ready to come on~