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Guotai Haitong: Chinese Bonds Bearish, US Bonds Bullish, High Probability of Rate Cut Signal in September
Summary: According to Jinshi's report, Guotai Haitong Securities pointed out that Chinese bonds are showing a bearish trend, with overall yield curve moving up, 10Y-2Y term spread widening, and AAA credit bond yields generally rising. On the other hand, US bonds are showing a bullish trend, with overall yield curve moving down and 10Y-1Y term spread ...
According to Jinshi's report, Guotai Haitong Securities pointed out that Chinese bonds are showing a bearish trend, with overall yield curve moving up, 10Y-2Y term spread widening, and AAA credit bond yields generally rising. On the other hand, US bonds are showing a bullish trend, with overall yield curve moving down and 10Y-1Y term spread narrowing. Powell stated at the Jackson Hole Economic Symposium on August 22 that economic risks have shifted, borrowing costs are weighing on the economy, inflation risks are manageable, signaling a high probability of a rate cut in September.
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Link: Guotai Haitong: Chinese Bonds Bearish, US Bonds Bullish, High Probability of Rate Cut Signal in September [Copy]
