Vol 3 Chapter 653: Why

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As soon as Chu Jungui finished talking with everyone, he discovered a very serious matter. The light-year bonds were no longer traded.
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It is not that the trading system has blocked the light-year bonds, and there is no regulatory agency to come forward. In this era, most of the problems can be solved by the self-discipline and accountability of major institutions. So the current situation in the market is that the buying of light-year bonds disappeared in an instant.
Chu Jungui quickly investigated and figured out what was going on in a few minutes. As soon as this heavyweight bearish report came out, it immediately triggered a strong response, triggering the automatic risk warning mechanism of almost all institutions, automatically canceling all buying orders, and waiting for the market to stabilize.
Pure bonds are not stocks, and their face value has almost unshakable support for prices, unless the issuer's credit is completely destroyed. The yield of light-year bonds is quite high, so holders are unwilling to sell at too low a price, and there is a stalemate in the market for a while. The price gap between the buyer and the seller is more than 10 yuan, which is completely impossible to make up.
At this moment, a strong news detonated the market, and a large number of light-year empty orders appeared in the derivatives market! Batches of empty orders are not tens of millions, but hundreds of millions of billions, and they become the mainstream of the market in an instant.
Looking at the countless empty orders, the market was stunned at first, and then reacted. In a few moments, countless empty orders were created, but it was too late. They were hanging in the air and could not be traded.
With the publication of this bearish report, it can be expected that the light-year bond market will disappear in an instant. The only remaining longs on the market have not reacted in time and are swallowed up by the massive shorts that gush out instantly. When someone with hindsight joins, there will be no opponent.
A column of capital market commentary appeared in the most popular position again. This time the host was still the beautiful host, and the guest was the talented investment manager a few days ago.
It's just that this time the offensive and defensive changes between the two sides, the young investment manager is obviously at a loss, and his face looks a little stiff. The beautiful host became gentle and charming, and asked him softly what he thought of Lightyear.
Young people are young people after all, and the dignity deep in their hearts has not been abandoned. Faced with a sharp question asked in a gentle voice, he reluctantly said: "Judging from the content of the current report, it is impossible to draw a definitive conclusion..."
"You mean to say that Lightyear is still a good company, right?"
"I never said that it is a good company, but that it is a unique company."
"Do you still think so?"
"...Yes," the young man said bitterly.
The beauty host unexpectedly stopped asking questions, but asked other questions, which gave the young people instant vitality and quickly talked, for fear of returning to the original topic.
Chu Jungui cut out from this program and began to pay attention to other markets. The main bond market is calm, the two sides are still in a stalemate, and the derivatives market is already very lively, with a dozen new varieties of light-years quietly emerging. The structure of these new products is complex, but the goal is the same, to provide a weapon suitable for confrontation for those who are long or short.
The night has just begun on one side of the planet, and the sun is rising on the other side.
Jane stood in front of the floor-to-ceiling windows, with one eye tracking the capital market and the other watching the famous sunrise.
Nolan rushed in excitedly and exclaimed: "A big victory! My God, I just knocked the price down by 10% in just an hour. This is a bond! 10% is more deadly than the loss of equity. The market is already fundamental. Can't find an opponent!"
Jane was calm and said, "Isn't it expected, is it worth the excitement?"
Nolan said: "Of course it's worth it! There are now more than 8 billion transactions on the market, of which 7 billion are ours, and then there are no more longs. 7 billion! This is the money!"
Jian said indifferently: "7 billion is quite a lot, but not too much. There is no need to make a fuss about this little money. You came to me specifically, isn't it just to tell me this?"
"I want to suggest, should I add another 10 billion?"
Jian tilted her head slightly, revealing a beautiful profile, and asked: "Why?"
"Yes, this loss is still within the tolerance of those large institutions, and the largest one is only 2 billion. We will make another big bet at this time. In fact, there will not be much transaction, but it can force those institutions to surrender. After all, So far, they haven’t lost much. All the bonds have been sold, plus the rubbish. They still make money. They stop loss and we have all the money in hand. This will be a textbook level. Transactions."
Jane finally nodded, "You know how to stop and force your opponent to surrender. After all, you have made a little progress. People from the Excalibur Group should have arrived, so let's listen to it."
"Excalibur? What are they doing?" Nolan asked, but by this time Jane had already walked out of the room, and he hurried to catch up.
In the meeting room that comes with the room, seven or eight members of the Excalibur Group sit neatly in a row, half of them have slightly grey hair, and the younger ones from UU Reading www.uukanshu.com are handsome and handsome, each with their own Features.
When Nolan saw these people, he immediately put away his hippie smile and became serious. These people are all important figures in the capital market, and their status is much higher than him.
Jane sat down across from the crowd and said, "I didn't expect a small incident to disturb the two vice presidents of Excalibur Group. It seems that my asking price can be raised a bit."
The two elderly people in the middle looked at each other, coughed and said: "Miss Jian, your operation in the Lightyear project is very sharp, but it is a bit too much, especially the Excalibur Group and your family. In the case of cooperation."
"The family is the family, and I am me. Maybe I broke some rules by accident, then I'm sorry, after all, I'm still young and don't understand so many rules." Jane's style has always left no room for it.
The two old men looked at each other again, looking a little surprised. Another old man said: "Miss Jane's style is indeed the same as the rumors. It doesn't matter. I will just say it. We hope you can stop operating on the Lightyear project and reduce your short positions appropriately."
"How much do you want to reduce?" Jane remained calm.
"The current position of Excalibur in this project is 2 billion. I hope it can be reduced to 500 million. 500 million is also a considerable number." The old man's eyes were sharp.
Jian smiled slightly and said, "Is this 500 million given to me?"
"almost."
Jane smiled and said coldly: "My point of view is exactly the opposite. This 500 million is earned by my ability. 500 million may be a big sum for you, but it is nothing to me. And now I want to know. The thing is, why should I give you 1.5 billion in vain? Just because you are old enough? Or because you have such a little friendship and a shameless deal with any useless old guy in the family?"