The Son of Finance of the Great Age

  Chapter 706 The first hedge fund (twelve)

  Before the opening of the federal government bond market, various data showed that today will be an extremely important day.

  Because of the particularity of bond transactions, the entire bond transaction is heavily dependent on the OTC market. Investors are large institutions, and the abundance of derivatives determines that this market is not accessible to ordinary institutions. Therefore, to a certain extent, the on-site transactions display data such as quotations, transaction prices, and transaction volumes.

   It is these data that do not fully reflect the market, but it shows that today's market may not be good. Because the brokers in the venue are inquiring, those institutions intend to take over the offer. There are very few institutions interested in buying, and the wind tends to sell, and there is a strong expectation that the yield will rise. This is naturally related to the rumors surrounding Tianyu Fund in the 10-year treasury bond market.

  In the entire bond market, the trading volume of government bonds accounts for as much as 70%, and the daily trading volume reaches 200 billion US dollars or more. Among them, the trading volume of 10-year treasury bonds originally only accounted for about 10% of the daily share, but after the incident of Tianyu Fund, the trading volume of this market has increased by leaps and bounds, and it has doubled recently, reaching an astonishing 400%. One hundred million U.S. dollars.

  But today, everyone knows that this trading volume may still be broken.

Sure enough, the moment the bell rang, phone calls rang one after another. However, to the surprise of most people, the bulls came in first, and the momentum was fierce, with the aura of preemptive strikes and sweeping the audience. field.

   "100 million U.S. dollars in 10-year treasury bonds with a yield of 3.18%, I want them all!"

   "US$80 million ten-year treasury bond, 3.21%, traded. Is there any more? My client still wants to buy some, yes, Tianyu Fund!"

   "A total of 250 million US dollars, 3.2% yield, wait a moment, I will ask my client... Yes, I want it all!"

  …

  In the first five minutes, the brokers were busy, and there were all buying voices in the venue, and most of the sources of these funds pointed to one place, namely Tianyu Fund, which was deeply involved in the whirlpool of rumors.

   Such an unexpected situation disrupted everyone's deployment, including those short sellers who were gearing up for a big fight. Especially for the small short sellers, such aggressive sweeping momentum directly scared them. Some of them have already secretly pondered in their hearts whether they want to change their positions.

  And for those big shorts, such as Pacific Investment Management Company, the sudden market also shocked them. However, Gross is not an ordinary person after all. After analyzing the situation a little bit, he said with confidence: "This is their dying struggle. Don't worry, they won't be able to last long with this momentum."

Under the surprised eyes of traders, as expected, after five minutes of frantic sweeps, the buying momentum of Tianyu Fund gradually slowed down, and the frequency of buying also dropped sharply. Ten minutes later, the entire market never saw it again. The shadow of Tianyu Fund is gone.

   "See, this is their empty plan!"

Seeing this situation, Gross raised his eyebrows, smiled, and every wrinkle was filled with pride, "They are quite able to perceive the psychology of the market, and I don't know how many foolish choices they have to change. But for us It is said that the strategy that has been formulated long ago must be strictly and firmly implemented.”

   "Yes, yes!" Elian Muhammad replied insincerely, and then asked, "Are we entering the arena now?"

   "That's right, although the Tianyu Fund has driven some of the buying, but as long as the Tianyu Fund's true colors of foreign power and middle-class power are exposed, these mobs will soon disappear!"

  Gross instantly recovered his stern and serious expression, swung his right hand vigorously, and said in a deep voice, "Action!"

With one order, the traders of the Pacific Investment Management Company tapped the keyboards on their hands one after another. It didn't take long for a steady stream of sales orders to be sent from here, and they were transmitted to the exchange's server within a few milliseconds. The number of sell orders is displayed.

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

  As soon as a huge amount of selling orders appeared in the market, the bulls who originally followed Tianyu Fund were like paper paste, and they were defeated at the slightest contact. Without a real backbone, they are just a pile of mud that cannot support the wall.

   Yields began to rise rapidly.

   After waiting for a while, the market still did not find the news that Tianyu Fund continued to enter the market to sweep goods, which basically confirmed the rumor that Tianyu Fund ran out of funds. It was like stabbing a hornet's nest, and various institutions jumped out quickly, scrambling to sell the bonds on hand.

  The yield of the 10-year treasury bond rose by one basis point at first, but soon jumped by three basis points or even five basis points, and then directly fluctuated by nearly 10 basis points each time, making the market change dizzyingly.

   "3.8%, they still haven't appeared?"

  In Zhong Shi’s office, Jiang Shan was so anxious that he couldn’t stop walking back and forth, looking at the board from time to time, “If this continues, we’re really going to hit the average price.”

   "They will definitely make a move!"

  Looking at the changes in the market, 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 surprised to find that the yield had risen to 3.9%. , How weak the empty market is, there is still no change.

   “Go tell a trader to sell $1 billion in bonds for a 4.0% yield.”

  Zhong Shi tapped on the table unhurriedly, and did not speak for a long while. When the yield jumped again, close to 3.95%, the muscles on his face twitched violently, and his expression became distorted. At this time, Tianyu Fund's holdings were about to lose money, and he could no longer turn a blind eye to it. . Immediately, he stood up, took two steps back and forth on the spot, his face instantly became resolute and stern, and he said calmly and forcefully, "Since they haven't come out yet, let me remind you. You must know that my patience is very Limited, don't blame me if they can't read me."

  Looking at Zhong Shi's livid face and fire-like eyes, Jiang Shan couldn't help but shudder. He had never seen such an expression before, so he could naturally imagine the resentment Zhong Shi was filled with. He almost crawled out of Zhong Shi's office, and didn't stay for a moment, because he didn't know what would happen in the next moment.

Although the traders of Tianyu Fund were very puzzled by this order, they were all stunned, but after all, they were disciplined and well-organized, knowing that the trading time is not the time to ask questions, and the current division of labor is clearly defined in the market. Selling on the Internet, and soon there was another large-value sale order in the long selling army.

"what?"

  Gross couldn't believe his ears at first, and then he showed joy after getting the confirmation, "So, Tianyu Fund is really going to run away?"

  The news of Tianyu Fund's sale reached the traders of Pacific Investment Management Corporation almost immediately. As one of the top institutions in this market, Pacific Investment Management Company's news is much faster than ordinary institutions. As soon as the news that Tianyu Fund started to sell came out, they knew it.

  The biggest bulls ever turned!

   This is the rhythm of admitting defeat, anyone can judge what is going on.

  Almost at the same time, Soros in New York also got the news. As cunning as a fox, he immediately ordered traders to sell regardless of cost, grabbing the biggest profit before others.

   With the changes of the two giants, the news quickly spread throughout the market, and Tianyu Fund was about to collapse!

  …

   Washington.

  Even though the market fluctuated violently after the market opened, Roddick Anke still sat firmly on the Diaoyutai, with no trace of panic in his expression.

   Regarding the threat of Zhongshi, he has already reported it to the higher level behind him. According to his inference, although this kind of threat does not have much weight, it is guaranteed to disrupt the overall deployment plan, so it is necessary for high-level officials to discuss this matter.

  And he is not qualified to participate in the negotiation at all. All Roddick Anke had to do was to wait quietly for the final reply from above.

   Near ten o'clock, 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, "The return will soon fall below 4%. We believe that if you open a position in this position, the return will increase." Get bigger. What do you think about this?"

"I?"

  Roddick Anke was taken aback for a moment, then smiled wryly, "It seems that none of the things you said are in my professional field. If you ask me, are you asking about Yu Blind?"

   "No, I'm asking about you!" the voice said coldly, "To be precise, I'm asking about Zhongshi. According to your judgment, how long will this guy last before our opponents?"

"Uh…"

After a long silence, Roddick Anke replied carefully, "According to my contact and judgment, this guy is bold and scheming. If he enters politics, he is definitely a qualified politician. But judging from my contact with him over the weekend , he obviously lost his composure, and took the lead in playing the hole cards in his hand. I think for such a person, if he is not at the end of the mountain, he should not do it rashly."

   "So your opinion is..." The other party only spoke half a sentence before falling silent.

"A rabbit that is driven into a desperate situation may also bite!" Roddick Anke sighed and said helplessly, "And there is another very important question, if our plan is really let by others Announcing it first will deal a heavy blow to our reputation. At that time, I am afraid that all kinds of ghosts and monsters will jump out, and I am afraid that it will damage the credibility of the new government."

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

After being silent for a long time, the voice sounded again, "The latest news just now is that Tianyu Fund sold 1 billion US dollars of treasury bonds. Our traders judged that this is their final warning to us. Five minutes later, we will Full admission, news will be announced later today, as directed from above."

   "Have you finally made up your mind?"

  Roddick Anke breathed a sigh of relief in his heart, thinking that the whole matter would finally be settled, and he would not be thrown out as a scapegoat. He asked with great ease: "Since this is the case, what else do I need to do?"

"you?"

The voice was slightly astonished, and after a while he smiled and said, "Tell the good news to the Hong Kong side. But warn them not to increase their positions by one dollar today, otherwise we will regard them as insider trading and expel them from this place forever." market!"

   Roddick Anke didn't care about the other party's attitude, and hung up the phone after answering.

Now his role has completely become a microphone, but he doesn't care, because a microphone can always stay out of the matter, and once it is involved, it may be given up anytime and anywhere. For him who is determined to make a career in Washington , absolutely unacceptable.

   Thanks to book friends Jiuyue Yiyi, Crab Read Books, Xiao Shuili, and Shihuangtian for voting monthly tickets! Thanks to the book friends and the royal family for the reward! I have been writing very hard recently, and the update is really not good. I'm sorry everyone, I have to adjust my mentality in the future, and it's time to prepare to work hard~

  (end of this chapter)