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Tongda Group Unit Subscribes for Industrial Bank's Wealth Management Products
Will the interest rate cut be 50 or 25 basis points? US bond traders guessed one after another against the non-farm payroll data.
USA bond market investors are still divided on whether the Fed will make a significantly large rate cut later this month. The mixed feelings were prompted by the ambiguous August non-farm payroll report, and traders now see less than a 20% chance of a 50 basis point rate cut in September. US Treasury bonds rose on Friday, with the 2-year yield briefly falling by 11 basis points to 3.63%. Gene Tannuzzo, Global Head of Fixed Income at Columbia Threadneedle, said, "It's difficult to predict exactly how much the Fed will cut rates at each meeting, but the direction forward is clear." Traders are trying to derive signals from the 8th.
Industrial Bank of France: Short positions in Japanese government bonds may be justified.
According to a report by Stephen Spratt, an interest rate strategist at Industrial Bank of France's research department, strong wage data, robust Tokyo CPI data, the tightening tone of Bank of Japan officials, and a calmer market environment all support shorting Japanese government bonds. The research department of Industrial Bank of France believes that the current yield level of 10-year Japanese government bonds is "very high".
Industrial Bank Co., Ltd.'s (SHSE:601166) Market Cap Dropped CN¥20b Last Week; Individual Investors Bore the Brunt
Industrial Bank (601166.SH): Completion of the redemption of the first phase of Tier 2 capital bonds in 2019
Industrial Bank (601166.SH) announced on August 27th that the company issued a 10-year subordinate capital bond in the amount of 30 billion yuan on August 27th, 2019 (hereinafter referred to as the bond). On August 29, 2019, Industrial Bank published the Announcement on the Issuance of the First Subordinated Capital Bonds in 2019. According to the relevant provisions of the bond prospectus, the bond has a redemption option for the issuer, and the issuer has the right to fully redeem the bond on the last day of the fifth year's annual interest payment of the bond. As of the date of this announcement, the company has exercised the redemption.
Research Reports: Guotou Securities, buy rating for Industrial Bank with a target price of 20.53 yuan.
Guotou Securities' research report pointed out that the net profit attributable to shareholders of Industrial Bank (601166.SH) in the second quarter increased by 6.54% year-on-year. Specifically, the performance growth was driven by the release of provisions, scale growth, and cost reduction; while factors such as tax increase, decrease in non-interest income, and narrowing of net interest margin hindered the performance growth. As the work of reducing costs on the liability side continues, the interest payment rate of Industrial Bank will still decline, and it is expected that the narrowing of the interest margin for the whole year will be alleviated, reducing performance pressure. On the asset side, Industrial Bank continues to optimize its asset structure, increase investment in green, technology, and inclusive initiatives, and depend on them to maintain a stable scale. It is expected that Industrial Bank will
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