Multiple debt base liquidation under double pressure of performance and redemption

category:Finance
 Multiple debt base liquidation under double pressure of performance and redemption


A bond researcher said that since the third quarter, the bond market has been in a weak shock pattern. Under the triple impact of performance, credit risk and liquidity, the debt base may face certain redemption pressure. In particular, since April this year, the yield of treasury bonds has risen, and the overall yield of debt base is not satisfactory. Generally speaking, there will be seasonal liquidity tension at the end of December and around the Spring Festival, and individual institutions also have the willingness to redeem. In addition, since October, default events of high-grade credit bonds have occurred one after another, which has impacted investor confidence and brought about redemption pressure.

For the debt base, institutional investors are the majority. Some people in the industry said that the funds with a high proportion of these institutions can only choose to be wound up if they can not find other sources of funds once they are redeemed by the capital side. According to the funds third quarterly report, which announced the liquidation announcement in November, the institutional investors of several funds accounted for 100%.

Extended reading: 13 new foundation funds issued in a single day: hot market reappearance fund earning effect is remarkable fake Li Kui frequently stares at true public offering illegal practices, and all of them are in the original form of private fund supervision storm continues. Source: Shanghai Securities Journal Editor in charge: Ren Hui_ NBJ9607