The global bond market fell in light trading on Tuesday (December 27). The market is worried that China's relaxation of epidemic control measures will stimulate inflation.
According to Bloomberg, European Treasury bonds led a decline, and Germany's 30 -year Treasury bond yield rose 18 basis points to 2.44 %, reaching the highest since October.The US 30 -year Treasury yield rose 11 basis points to 3.94%, the highest level since mid -November.The yield of 10 -year Treasury bonds in the United States jumped to 10 basis points to 3.85%.Several countries including the United Kingdom are still in the holidays, so the transactions of various markets are light.
China will soon cancel the detection and centralized isolation after the entry of the country, and will also adjust the crown disease from the "Class B tube" to the "Type B tube".The end of China's self -isolation measures that have caused its economy to suffer a major negative impact may help stimulate global economic growth and promote the rise in prices. This may also reduce the attractiveness of fixed income products. Even if the fixed income market has experiencedHistorical decline.
Joint Bo's fixed income co -headed head of Gryhon Distenfeld said in a TV interview: "We still live in an abnormal world, but the good news is bad news." HeIt is said that as the Chinese economy is reopened, it may lead to a slower inflation rate than the Fed's hope.
The 10 -year profit and loss balance of the United States rose to five base points to 2.28 %.It was as low as 2.12%less than two weeks ago.
The auction cycle of US Treasury bonds this week is also the beginning of the 2022 issue of the issuance bond issuance cycle, which also puts pressure on U.S. Treasury bonds.The two -year Treasury bond auction of US $ 42 billion (about 56.6 billion yuan) has obtained the strong demand of investors.In the next two days, the US Treasury Department will issue five -year and seven -year bonds.
Although many analysts predict that bond performance will be better in 2023, investors are still worried that continuous price pressure may force major central banks around the world to further tighten policies.The unexpected policy transformation of the Bank of Japan last week has caused the global market.
