Vol 3 Chapter 61: Interest rate futures

Robert John's excitement finally attracted the attention of a family of three not far away. Looking at the approaching face, he didn't know how to answer for a while.
Many times, he thought he would hate his former wife again, but the relationship that had remained unswerving until his death was betrayed. He would definitely remember the pain for a lifetime.
But suddenly, Robert John discovered that everything had disappeared over time.
The face that once moved his heart has wrinkles, and there are some spots on the skin that can be broken by blowing, and the silky blond hair is also more silvery.
Time can eventually annihilate everything.
Love or not, in the years, everything is dust.
Robert John smiled.
"It's me, Susanna. How are you doing."
"..."
The sun is setting.
Anran Kardashian was awakened by a violent roar, and when she opened her eyes, she immediately felt that the skeleton of her whole body was spreading out, and her whole body was soft and unable to lift the slightest strength.
I looked around in the huge bedroom, and the life-threatening didn't know where he went. The whole bedroom was in a mess, like a battlefield blown by the wind.
A faint resentment could not help appearing in Khadaidan's eyes. At that time, she really thought she was going to die.
Really a big who does not understand Lianxiangxiyu.
Suddenly, there was a sound of footsteps outside the door, and before Kardashian lay down and pretended to sleep, the closed door was pushed open from the outside.
"Baby Anran, I asked someone to prepare dinner, do you need to bring it in."
Kardashian couldn't help shaking her lips, the smugness in those eyes was really disgusting.
"Boss. As a gentleman, the lady changes clothes, don't you think you should avoid it?"
Avoid it?
Shen Jiannan went away in a moment with a dazed expression.
I have seen everything that should be seen, and done everything that should and shouldn't be done, unexpectedly let him avoid it.
What is the situation?
woman!
What are you thinking about every day?
Reluctantly shrugged and confirmed Kardashian's persistence, Shen Jiannan had to withdraw from the door.
boom!
The door closed gently with a soft sound.
Kardashian's rosy face showed a smile, which was really glamorous.
In the living room.
Shen Jiannan tilted Erlang's legs and leaned on the sofa, tapping his fingers back and forth gently on the sofa.
In October 1990, the United Kingdom joined ems. Since then, the European monetary system has made the currencies of Western European countries no longer peg to gold or the US dollar, but to each other;
Each currency is only allowed to float within a certain range of exchange rates. Once it exceeds the specified range of exchange rate fluctuations, the central bank of each member country is responsible for market intervention by buying and selling its own currency to stabilize the country’s currency exchange rate to the specified range within.
Within the specified exchange rate fluctuation range, the currencies of member states can float relative to the currencies of other member states, and the exchange rate between the currencies of the member states is based on the Deutsche mark, in order to get rid of the flood of the US dollar from the European market.
But the imagination is beautiful, and the reality is very skinny.
Later, the euro, known as the second largest currency, fell apart because of a global plague disaster.
In the disaster that caused the world to tremble, the competition and plundering, differentiation and constraints, oppression and interests among the EU member states were the most critical reasons for the collapse of the euro.
As the predecessor of the euro system, ems also faces constraints caused by the differentiation of the economic situation among member states.
In the United Kingdom and Italy, the economy has been sluggish. Increased unemployment requires a cut in interest rates and the release of reserves to force capital to flow into the market to promote employment and economic development.
However, due to the merger of East and West Germany, Germany’s fiscal deficit has remained high. The income of the two Germanys has caused prices to remain unbalanced. The inflation rate remains high. What is needed is interest rate hikes to regulate capital speculation.
Otherwise, it is very easy for the newly merged country to fall into political turmoil caused by division and economy again.
This is a contradiction that cannot be reconciled at all.
According to the "Maastricht Treaty" signed in February, the pound and the lira must be consistent with the economically strong Germany in terms of monetary policy.
Italy.
"Hey..."
Shen Jiannan couldn't help laughing wickedly.
As far as the European exchange rate system is concerned, the economic strength of various countries and their respective national interests cannot be coordinated at all.
As long as one strikes on some of the "chains" that make up the European exchange rate system, the balance of the chain will be broken.
Italy is a country that loses the chain at critical moments and always enjoys it. Germany is always tough and barbaric. It can be regarded as Italy's blood mold.
But with Standard Chartered's share, it is enough to borrow 500 million pounds in the UK, which is about 1 billion US dollars.
For such a large sum of money, if you want to maximize profits, you still have to open positions in other markets. Otherwise, if international capital clears the market, it will be cleared first.
After thinking for a moment, Shen Jiannan grabbed the phone and dialed out again.
London International Financial Futures Exchange.
Established in September 1982, it is engaged in financial futures contract transactions, mainly including: 20-year British government bond interest rate, short-term government bond, medium-term government bond, German government bond, 3-month European dollar interest rate, 3-month pound sterling interest rate, British pound , Deutsche Mark, Swiss Franc, Japanese Yen), U.S. Federal Long-Term Bonds, Financial Times 100 Stock Price Indexes, Japanese Government Bonds Futures and Option Contracts, etc.
Currency futures traded on the exchange include British pound, Swiss franc, German mark and Japanese yen futures settled in U.S. dollars and U.S. dollar futures settled in German marks;
Interest rate futures include various treasury bill futures in the United Kingdom, long-term Treasury bill futures in the United States, long-term Treasury bill futures in Japan, 3-month Eurodollar time deposit futures, and 3-month British pound interest rate futures.
It can be said that global standardized financial products can be traded on the London International Financial Futures Exchange.
The 13th floor of the Exchange Building.
William was sitting on an office lounger, playing secret novels with a 20-year-old British girl.
Harty Morahan, fourteen years old, a middle school student at Dwight Middle School.
She has blond hair and blue eyes, and a slender figure, except for a little thin, she is only fourteen years old.
I have to say that William's mentality is a bit twisted.
When he was a child in Hong Kong, he was not less likely to be bullied and oppressed by some British people. When he was in junior high school, he met an Englishman on the street again and was drunk. He almost crippled him. In the end, one thousand Hong Kong dollars was no more. It.
The so-called legal system can be said to be effective only for Hong Kong people and not for the British.
It's different now.
In London, a city where capital is everything, there is nothing that money cannot solve.
Woooo
Under William's twisted psychology, Harty Morahan kept whimpering, seeming to be talking about weakness and pain, but William had no pity for jade, allowing her to scream in shame and grief.
Since arriving in the UK, this guy has been like a madness, playing with different British girls every day, just like wanting to wash away the humiliation and beatings he had suffered.
Ding Ding Ding-
The mobile phone I carried with me suddenly rang.
William made a hushing gesture at Harty Morahan, picked up the phone and pressed the call button.
"William. What is the difference between the girls in London and the girls in Singapore?"
"It feels very good. The skin is delicate and the figure is good. They are all golden in color, and they can speak English. The most important thing is that they are very well-behaved. They even shout in English."
"..."
The two scumbags talked about their attitude towards women.
Smile at each other knowingly, unspeakable and awkward.
a long time.
Shen Jiannan mentioned the business.
"How many short positions we have on the pound now."
"About thirty million pounds."
Shen Jiannan was speechless for a while.
I wanted to say something, but didn't know what to say for a while.
At this level of position size, you can earn a lot of money.
But Shen Jiannan also knew that William could not be blamed for this. Although the London International Futures Exchange is the largest futures exchange in Europe, it is ultimately incomparable with the subsequent market size. With a trading volume of 30 million pounds a day, the positions that can be made are very limited.
Shen Jiannan didn't say a word, William stroked Harty Morahan's hair with his hand, and the servant asked with a spirit.
"Boss, have a problem?"
"We need to establish more position sizes. In addition to accelerating the establishment of short positions in GBP, we have also begun to establish positions on interest rate futures."
The so-called interest rate futures, the initial reason for the emergence is because of the interest rate.
Government fiscal policy, monetary policy, inflation, national production and income, and national demand for cars and houses will all affect bank interest rate fluctuations.
Interest rate fluctuations make both borrowers and lenders in the financial market face interest rate risks. In order to avoid or reduce interest rate risks, interest rate futures have been created.
Of course, interest rate futures are also a kind of futures, standardized contract transactions carried out by margin trading.
The decision of Germany and the United Kingdom ~EbookFREE.me~ cannot be changed by humans. Under uncoordinated factors, Germany will definitely raise interest rates to curb inflation, and the United Kingdom can only cut interest rates and put more money to cope with the rising domestic unemployment rate. .
There is no possibility of coordination between the two.
However, the reserves of the financial market are ultimately limited. The market turnover of foreign exchange futures alone cannot accommodate too much capital. Interest rate futures will undoubtedly mean an extra choice.
"Boss. Are you sure?"
"Well. With the current economic environment in the United Kingdom, it is impossible to support the possibility of raising interest rates at all. Only by reducing interest rates to release currency circulation can the United Kingdom get out of the predicament that has emerged. The situation in Italy and the United Kingdom is similar, and only interest rate cuts are possible.
"..."
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