Future chat group - Chapter 853 The treacherous clouds

“Lei, these are nothing. What you need, as long as HSBC has it, everything can be discussed.” Sitting in the office, Lei Hao listened to Mark’s nonsense: “Although I am personally optimistic about the future of Thailand’s national debt, but , again, if you need it, HSBC can give it to you.”

Mark opened his eyes and told lies, and Lei Hao had goosebumps when he heard it. But the mall was like this, so he could only hold his nose and accept the favor, and at the same time, he also gave the corresponding chips in exchange: “Thunder Positions will begin to be closed in Korea, and you can tell David that those chips will be my gift to him for promotion.”

“GOOD, Lei, friends should help each other. You need to close your exposure, and we need to increase our exposure. We can mutually benefit…” Mark continued to talk nonsense. In fact, he had already complained about Lei Hao’s use of South Korea. The market is bearish on the practice of replacing Thai government bonds with chips.

The KOSPI index has been falling all the way, and has a tendency to slide into the bottomless abyss, but it will eventually bottom out. Thunder’s position is too heavy, and it must choose a price range to close the position. However, other institutions have very little risk exposure, and their range needs to be It is much smaller than the Thunder, so the Thunder’s chips are very popular.

If you want to close your short position between 2350-2250, I only need to go short between 2300-2275. Then your Thunder’s buying behavior between 2350-2300 will just offset my short selling behavior. Everyone can cooperate.

Of course, the Thunder does not want the chips to be concentrated in the hands of large institutions, which will affect the Thunder’s liquidation work, but if it is used in exchange for some Thai government bonds that he urgently needs, that is acceptable.

And this is also the difference between institutions such as Thunder and China Construction Bank. They are financial groups, and China Construction Bank is a state-owned bank. Where can the banks get the chips to replace Thai government bonds?

Domestically, CCB occupies a dominant position in the field of foreign exchange and savings business. From the perspective of the diversity of chips, Thunder crushes CCB.

Another angle is the particularity of the Thai market. Thunder dragged Goldman Sachs and other North American institutions into the quagmire of the Korean market, and then received 200 billion baht in currency, and slapped Siam Financial Group on the way. The Thai market is now a bit lively.

Due to lack of liquidity and being beaten in the Korean market, many institutions began to make defensive adjustments and withdraw funds from the market one after another. The bond market can still stabilize, but other markets have begun to fluctuate. But everyone knows that this is an abnormal behavior.

Therefore, from the perspective of institutions, the downward shock experienced by the Thai market at this time is temporary, and the market outlook has not yet derailed. It is definitely no problem for everyone to grab some chips and earn some pocket money.

In this case, although the Thai government bond market is the most stable, it is the least attractive. No one dares to sell bonds in large quantities because the core value has not been devalued, so an embarrassing situation arises.

The Central Bank of China made this small adjustment in its foreign exchange reserve structure without the efforts of Thailand. It also saw that the right time had emerged.

However, there is another problem that everyone cannot understand.

“Why did Lei Hao get the bonds so quickly?” Zhao Weihua didn’t understand this very much. Although he didn’t know the extra costs Lei Hao paid to quickly build a position, he was absolutely sure of the existence of the extra costs.

So why would you do this? Bullish on Thailand’s national bonds? It’s a bit too far-fetched. Their big state-owned enterprises haven’t received the information. Why should you, Thunderbolt?

Besides, the activity of other markets will lead to corresponding sluggishness in the bond market. This is one of the reasons why bond interest rates must rise when the market is active.

Buy Thailand, release funds, inject funds into the Thai market, the market will improve, interest rates will rise, and the original bond prices will be bearish. This is the operating rule in recent times.

“Or is the Thunder planning to reduce its position first, and then use these chips to earn back the difference through buying and selling?”

“That’s not right. The Thunder will definitely earn more elsewhere with the same money. Why use it to buy bonds?”

Zhao Weihua’s head was spinning thinking about it. He really wanted to regard Lei Hao’s actions as stupid, but Lei Hao’s report card with a halo was right there, so no one dared to look down on Lei Hao now.

The fact is that if Lei Hao buys Tuoxiang now, someone will analyze whether it is a piece of dragon dung.

“Forget it, don’t think about it. Anyway, the initiative is with me.” Zhao Weihua thought confidently.

In Shanghai Stock Exchange, Lei Lei, Lei Hao’s office.

“If the market obviously improves, CCB will definitely exercise its rights and take away the corresponding profits, so in my opinion,” Xia Yibei looked at Lei Hao, gritted his teeth and said, “If possible, Mr. Lei had better give up the profits.” The good ones happen during the market’s trading hours.”

“Actually, it’s quite interesting to appear during non-trading hours, isn’t it?” Lei Hao joked with Xia Yibei with a playful smile on his face: “I don’t believe that China Construction Bank dares to directly exercise power. They think too much.”

“But it’s also a risk.” Xia Yibei felt helpless.

“They have no chance.” Lei Hao waved his hand and said: “What I need you to do is to keep trading and try to get some spreads. It is best to make CCB look jealous.”

“This is no problem.” After Xia Yibei finished speaking, he glanced at Lei Hao and cautiously added: “As long as the research and analysis department’s documents are correct and the direction is determined, the Fixed Income Department will not let Mr. Lei down. of.”

“Okay, the price of Thai government bonds will definitely rise, and we can make it rise. The flowers in the greenhouse of China Construction Bank dare not jump out to exercise their rights in the early stage.” Lei Hao shook his head, changed the topic, and gave the research and analysis department direction? That’s what he pointed out.

The market generally believes that the Thai bond market is stabilizing, shrinking, and the market outlook is bearish. However, there is never a 100% certain trend in the financial market. Can anyone be more accurate than Lei Hao? What’s more, he is not a small retail investor now, he is a financial giant that affects the fundamental information of Thailand’s financial market.

On December 14, Lei Lei quickly completed the task of building a 20 billion baht position in the Thai government bond market, and then increased the position to artificially raise the index, which made a group of people around him dumbfounded.

However, the amount of energy in the bond market is too small. Even if Thunder raises the price, it will not actually get much floating chips. Even if it gets more floating chips, Lei Hao said that the Thai government bond market with a total scale of tens of billions of dollars, he closed his eyes. Dare to cross.

On the contrary, what Thunder did was to artificially and temporarily smooth out the spread. It was under selling pressure and artificially raised the price index. CCB was foolish enough to exercise its right.

However, the next day, Friday, December 15, the Bank of Thailand announced that it would hold a meeting on whether to lower the benchmark interest rate, which directly stunned many people.

At this point in time, are you cutting interest rates? Are you kidding me? The Thai market is not out of money right now, and the market is eager to get loans from banks. Are you still going to cut interest rates? Do you have too much money and no place to spend it?

The answer is, indeed, if you use the principles of mature markets to speculate on the Thai market, you will be ruined.

The corruption in some areas in the Buddhist country is absolutely beyond imagination. Even a fool can see that borrowing money from the bank and investing it is a sure-fire way to make money without losing money. So how can those vampires in Thailand not know about it?

Now that I know it, I must do something small.

For the bond market, the problem is extremely serious. It stands to reason that if bank interest rates fall, bond prices will rise, but this time it is different.

“Lei Hao can’t even calculate this accurately, right?” Zhao Weihua suddenly realized that the market situation he faced might be very complicated.