I stole someone else's ticket to rebirth

For Jiang Banxia, ​​there are no holidays.

Originally, after get off work, she planned to have some food delivered to her as she was too lazy to eat in the cafeteria.

As a result, when I got home, I saw Li Yang busy in the living room.

The dormitory she was assigned to was 60 square meters in size, which was definitely spacious for one person.

Li Yang said as he arranged the dishes: "You start with US debt. How much leverage do you have?"

"Ten times, I don't know how much money I can make."

“How big is it now?”

“Only $600 billion was sold.”

Compared with the trading volume of US Treasuries, this scale is indeed not large.

But Jiang Banxia has only been in office for a month, and the project team may not yet be fully staffed.

Six hundred billion US dollars, she has to pay $12 billion every year in interest alone.

However, the profit she made from shorting US bonds is definitely higher than the interest.

For example, the coupon rate of the 1.25-year U.S. Treasury bond that she is borrowing and selling now is 12.5%, so the interest for ten years is US$. There is no compound interest on U.S. Treasury bonds, and the interest is settled once a year.

But interest rates will start to rise next year, and will soon rise to 4.75%, so the ten-year interest on ten-year U.S. Treasury bonds will be $47.5.

In the market, the interest rate difference between a 1.25-year U.S. Treasury bond with a coupon rate of 4.75% and a 35-year U.S. Treasury bond with a coupon rate of 1.25% is as much as $35. Therefore, if you want to sell a U.S. Treasury bond with a coupon rate of %, you have to reduce the price by $.

Jiang Banxia takes advantage of the price difference and earns the $35 difference.

U.S. Treasury bonds are inherently leveraged products, and she adds leverage to the leveraged products. The multiple is terrifying.

U.S. Treasury bonds in the secondary market are essentially futures. The actual calculation is not as simple as Li Yang thought. We also have to consider the year difference, the interest on Jiang Banxia’s leverage, etc.

But even without leverage, it will be no problem for Jiang Banxia to make 30 points in the second half of next year.

"Eat first, eat first."

"Ok."

Jiang Banxia sat down happily, picked up the chopsticks and took a bite.

"You don't wash your hands, do you?"

"dont wash!"

"Okay, okay, I didn't wash my hands when I cooked anyway!"

"It's even, it's even!"

Jiang Banxia suddenly had an appetite.

She was actually not in a good mood during this period. Although she did not reject work, she was still not used to the various rules and regulations. It was completely different from her previous life.

She never thought about leaving. After all, once she decided to do something, she would never give up halfway.

Besides, Li Yang is still in Beijing with her.

After finishing the meal, Jiang Banxia went to lie on the sofa. As for the amount of exercise? There will be some later.

Li Yang tidied up briefly, went to get some fruit, and then sat on the sofa with Jiang Banxia.

As soon as he sat down, Jiang Banxia's head came over and lay on his legs.

She said slowly: "In fact, it is still risky for me to short US bonds now. Once time is delayed, my capital cost will be very high. Even if the interest rate is raised, if the rate increase is moderate, I may still lose money."

In this matter, Jiang Banxia has no financial sense.

In her opinion, the US dollar interest rate hike will not be so fast. After all, interest rates were still being cut last year, directly by 100 basis points.

U.S. Treasury bonds are still being issued in large quantities. If there is an expectation of interest rate hikes, who will buy their U.S. Treasury bonds now?

Even if the inflation data behind it is not good, Jiang Banxia believes that the other party will grit their teeth and persevere for a year or two.

If she just holds on for another two years, her operations will face the risk of losses. If the interest rate hikes are a little slower, with each rate increasing by 25 basis points at a time, or about 25 basis points a year, she will not make much money.

Of course, if the Fed continues to cut rates, she will lose a lot of money.

In this regard, she simply trusted Li Yang's judgment.

"Then why do you come here and bet on U.S. debt?"

Li Yang asked back.

"The global financial market is too chaotic, and I am a newcomer with little say. My first project must not be too small. I am not only working on U.S. bonds, but I am also working on several other projects, and the time has not come yet."

“Boeing?”

“And Bitcoin, I’ll do it.”

"Bitcoin is against the rules. In March, a special regulation was issued, which is different from the previous one."

Previously, the country simply did not recognize Bitcoin, but now a separate regulation has been issued, making it illegal.

When trading Bitcoin, you may face the risk of having your funds confiscated and your account being controlled.

"Hmm."

Li Yang: "..."

He found that his worries were unnecessary.

Because they are the ones who make the regulations.

Besides, even if someone finds out, they can just confiscate the funds, and they’ll still be in your pocket.

Jiang Banxia did not continue to ask Li Yang about his logic for the Fed's interest rate hike, because Li Yang obviously had no intention of saying it.

Maybe it's this guy's sense of smell?

But Li Yang really had no way to say it.

He can't say that it was Da Mao and Er Mao who promoted it, right?

The significance of the US dollar interest rate hike is to curb their own inflation and reduce the global liquidity of the US dollar. By using this means, they can explode some economies and reap the benefits.

But they would never have anticipated the black swan outbreak in February of next year. Even though their intelligence was amazing, they would not know the exact information until January of next year.

After the black swan event broke out, it directly brought down the global economy.

The original intention of the US dollar interest rate hike was to reduce the prices of global high-quality assets by about 30%. However, the black swans of Big Mao and Second Mao directly brought down the prices of global high-quality assets ahead of schedule.

If they don't raise interest rates and bring back the global dollars, they will be completely finished in this round of financial war.

They cannot harvest high-quality assets at all, and the US dollar outside will be the first to complete the bottom-fishing.

So they will do an emergency rate hike in March next year.

Although the interest rate was only raised by 25 basis points in March, that was just a test on their part.

The result is... it's useless! Not much US dollars flowed back.

Therefore, in order to prevent others from buying up the bottom of global high-quality assets, they directly raised interest rates by 50 basis points in May, and then raised interest rates by 6 basis points in June.

Similarly, in July, the interest rate was raised by 7 basis points, and in September and December, the interest rate was raised by 75 basis points respectively.

Over the course of the year, the total interest rate increase was 325 basis points.

The coupon rate of US Treasury bonds was directly increased from 1.25% to 4.5%. The interest rate spread is very scary.

For the same U.S. Treasury bond, the difference between buying it in 2021 and buying it in 2021 is as much as thirty dollars per hundred dollars, even if all are calculated over nine years.

That's a profit of thirty points.

In fact, it is not necessarily possible to sell at that price, after all, there are a series of factors such as exchange rate differences.

But making a dozen points is easy.

Not to mention that interest rates will continue to rise the year after next and Jiang Banxia has leveraged.

The essence of this round of interest rate hikes is to deprive the world of liquidity and prevent funds from other countries from buying up global high-quality assets at the bottom. Otherwise, they would not have raised interest rates so recklessly.

Judging from the final results, such violent interest rate hikes did have an effect. Global liquidity was gone, and no one wanted those high-quality assets in the value trough, and they even fell again.

They took advantage of the interest rate hike cycle to buy a lot of good things at the bottom and made a lot of money.

However, the wounds were not completely healed and the aftereffects of the violent interest rate hikes could no longer be tolerated, so the government had to start a cycle of interest rate cuts.

If there hadn't been the black swan events of Da Mao and Er Mao, they would definitely not have been so hasty and could have dragged it out for longer.

Essentially, this is a matter of man proposing, God disposes.

The two were chatting happily at first, but the atmosphere changed after a while.

"By the way, I came to cook for you today, so it doesn't count..."

……

During the May Day holiday, Jiang Banxia was quite tired one day, and Li Yang cooked, so...

The number of times has been added up to 481.5 times

Li Yang refused to give in on this issue and acted first and reported later.

The meal is cooked, whether you eat it or not, it counts!

But soon, Li Yang had no chance because Dou Ying came with Li Yi.

All the keys in Li Yang's hand were taken away by Jiang Banxia and given to Dou Ying.

Li Yang went from being open and aboveboard to being sneaky. After not seeing each other for half a month, he would go to the garage to wait for Jiang Banxia to come back, just to find a chance to take a bite.

Time quickly came to the end of May, and Li Yang participated in an interview.

The organizer of this interview is Kuaipai, and they invited a host from the financial industry, Li Yang, to give everyone some financial management knowledge.

Li Yang felt that it was still necessary, so he agreed.

At the venue in Beijing, apart from the host, there were only a bunch of photographers, and no audience was allowed to enter.

After Li Yang arrived, he greeted the host and then began to answer some of the host's questions.

He had seen the questions before...but in the second half of the interview, he would also select some questions from the Internet.

"Mr. Li, you are now the richest man in the world. Do you have any experience in making money?"

"In this regard, my experience does not apply to most people, because everyone knows where my title of the richest man comes from. But I think making money is not the main thing. Being able to save money represents real strength. Consumerism is everywhere now, and not falling into the trap of consumerism is the greatest wealth."

The host said, "You are joking. Even if the previous shares of Wanliu Capital were obtained through property division, the one trillion yuan you invested in the additional capital must have come from your own pocket. Together with the Jiying Group and the Lushui Group, your status as the richest man is genuine."

"?"

No problem!

Li Yang looked at the host, not understanding why the host emphasized this point.

He likes to be called a gigolo, so that everyone will ignore his existence.

Of course, it doesn’t matter whether he is ignored or not now. The real people who care about him must have started to keep an eye on him.

But he didn't want to show off.

There is something wrong with this host!

Jiang Banxia, ​​who was watching the live broadcast, also keenly noticed the problem.

She knew Li Yang very well. This guy would never show off his wealth unless necessary, and he definitely didn't want to solidify his title as the world's richest man.

Who arranged the host?

Who else besides Xiangnu?

Jiang Banxia couldn't bear to watch it anymore, so she took out her yoga mat and started exercising.

Isn't it just a good figure? Who doesn't have a good figure?

Isn't it just a peach butt? I can also train it!

Facing Xiangnu's sword, Jiang Banxia will not be scared.

……

After answering some simple questions, some questions were selected from the Internet.

"Mr. Li, a netizen wants to ask you how much money you spend on your children every month. She also has two children, and it costs at least more than 6,000 yuan every month, which is the biggest expense for the family."

Li Yang thought for a moment and said, "I don't know the exact expenses, but my two children together definitely spend less than a thousand yuan a month."