129773822135781250_149Credit bond investment return in 2012 bond investments are most looking forward to in part, low-rate credit plays in the bond market will be the 2012 bond market. In January higher ratings after credit bond spreads down to the historical mean, low credit ratings in bond market is getting kicked off. Credit risk concerns decreased significantly improved liquidity in the money market, as well as high on theAbsolute yields lower level credit debt of these factors are the important cause of low credit ratings in bond market. First of all, continued to pick up United States economic data and phased solution of the European debt crisis has eased investor fears of an economic hard landing in China. United States, PMI data
tera power leveling, unemployment data, as well as the real estate data continues to improve, show United States economyStill in recovery and Europe's experience in Europe after the Central Bank's two-wheeled LTRO to inject liquidity into the market, Italy, and Spain yields significant downside
tera gold, Greece debt writedown smoothly, financial markets stabilized. Secondly, since the beginning of the domestic economic data show that economic downturn the fastest stage might be over, although the economy was also hard hit bottom, but also have some requirementsImproved positive factors emerging. Better-than-expected December PMI data, industry already has a certain amount of fill in the upper part of the inventory. While we believe that the better-than-expected economic data may not be able to continue, but there were some positive elements in the domestic economy, such as HSBC PMI preview March 1.2% and the new export orders index rebounded last month 3Months from the real estate sales improved significantly, these positive factors, to a certain extent eased investor concerns about economic and business credit risk. Again, as liquidity in the money market eased and the highly rated absolute credit bond yields lower, low-rate credit in the credit spreads of bonds and investment low credit ratings in total returns of bonds possible become more attractive�� In February after the second lower reserves, interbank money market liquidity significantly improved
tera power leveling, 7-day repurchase rate continued to fall down to 3% levels.����And with the highly rated credit bond spreads down to the historical value and absolute yields lower, low ratings in high credit spreads of bonds and coupon leverage increases the total return on investment seems more prominent. Of course, gets low ratingsBond investment income is premised on strengthening credit research, controlling credit risk. For ordinary investors, low ratings through the purchase of bonds Fund participation credit bond continues to be the most secure and effective means. (Author of silver silver everlasting bonds increased profits, enhance yield Bond Fund Manager)
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