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In October, China's holdings of US Treasury bonds hit their lowest level in over 15 years! Is the trend of reducing US Treasury bonds beginning to spread Global?
① On Thursday local time, the USA Treasury released the International Capital Flow Report (TIC) for October 2024; ② The report showed that the amount of US Treasury bonds held by foreign investors ended five consecutive months of growth in October; ③ Led by Japan and China, as many as seven of the top ten "creditors" of the USA chose to reduce their Shareholding that month. Meanwhile, China's US Treasury Hold Positions further hit a new low since 2009.
Is the QDII performance champion restricted by "lock-up"? Old shop Gold becomes the top contributor.
① Southern China's emerging economy ranks first in the annual performance list of QDII Funds for 9 months, with the heavily weighted stock Laoshu Gold experiencing a surge in share price of about 5 times since its listing, which has propelled the growth of this fund's net value. ② This fund holds a 23.54% stake in Laoshu Gold, but due to the product's participation in the cornerstone allotment of Laoshu Gold, the stocks cannot be sold at the moment and can only "passively" exceed the "double ten investment ratio limit."
Is the market too conservative? Bond traders expect the Fed to cut rates four times in 2025.
In terms of interest rate Options, some traders bet that the market's view is too hawkish, and the Federal Reserve will be closer to its September forecast: four rate cuts in 2025, each by 25 basis points, which would bring the implied federal funds target rate down to 3.375%. Some analysts believe that if Powell adopts a hawkish tone during the press conference, the rise in Bonds yields may be disrupted.
FOMC Likely to Cut Rates by 25bps
The Nasdaq fell to 0.02 million points, Adobe plummeted more than 13%, the China concept Index rose against the trend, and Bitcoin dropped below 0.1 million dollars.
In November, USA PPI inflation exceeded expectations, with the market betting on a pause in interest rate cuts in January next year. The Dow has fallen for six consecutive days, with NVIDIA experiencing the largest drop of 2.5%. Tesla, Meta, Google, and Amazon have moved away from their highs, uranium mining stocks have declined, but Apple reached a new high. Broadcom rose nearly 5% in after-hours trading, and Chinese stocks Baidu and PDD Holdings increased by over 1%. Bond yields in Europe and the USA have risen significantly, and after the European Central Bank cut interest rates, the euro fell to a one-week low, before rebounding. The dollar reached a two-week high, while the offshore yuan once rose over 200 points, breaking through 7.26 yuan. Commodities generally fell, with spot gold down over 2% and spot silver down over 4% during the session.
Big Dipper OP : See what happened: The price stopped at 3.39~3.4 for some time, after some retail investors bought in, it started to drop further, and then those poor buyers are trapped.
104955101 : This stock is definitely not something ordinary people buy. As a beginner, I can tell from the trading volume and trend that something is not right.