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lwj1

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- lwj1lwj1
  ·2021-09-14
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- lwj1lwj1
  ·2021-09-13
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  BYD's new concept car ocean-X revealed for 150km in 5 minutes of charging
  9月8日消息，为解决新能源汽车在安全和低温续航方面等用户体验痛点，比亚迪正式发布纯电专属平台e平台3.0，全新概念车ocean-X亮相现场。“e平台3.0是比亚迪在新能源汽车变革中，从上半场电动化转向下半场智能化的最关键布局”，比亚迪集团董事长兼总裁王传福表示，在e平...
  BYD's new concept car ocean-X revealed for 150km in 5 minutes of charging
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- lwj1lwj1
  ·2021-09-08
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- lwj1lwj1
  ·2021-08-19
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  CardioCare-B (06609.HK) Hong Kong Public Offering was subscribed for 333.14 times with a cap price of HK$171 per share
  根据香港公开发售初步提呈发售的香港发售股份获非常大幅超额认购。合共接获235,040份有效申请，认购合共2.199亿股香港发售股份，相当于根据香港公开发售初步可供认购的H股总数约333.14倍。根据发售价每股H股171.00港元，公司自全球发售收取的所得款项净额估计约为10.148亿港元。
  CardioCare-B (06609.HK) Hong Kong Public Offering was subscribed for 333.14 times with a cap price of HK$171 per share
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- lwj1lwj1
  ·2021-08-04
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- lwj1lwj1
  ·2021-08-03
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- lwj1lwj1
  ·2021-06-21
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  Why is the market uneasy about the Fed as the yield curve of U.S. bonds flattens?
  美联储在上周暗示加息快于预期之后，10年期和30年期美债收益率下挫，收益率曲线趋平。分析师表示，许多投资者正在对押注通胀走高的交易进行平仓，因美联储声称不会让通胀飙升至令人担忧的水平。具体来看，6月
  Why is the market uneasy about the Fed as the yield curve of U.S. bonds flattens?
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05:29","market":"us","language":"zh","title":"BYD's new concept car ocean-X revealed for 150km in 5 minutes of charging","url":"https://stock-news.laohu8.com/highlight/detail?id=2167305664","media":"鼻涕泡泡崩一脸","summary":"9月8日消息，为解决新能源汽车在安全和低温续航方面等用户体验痛点，比亚迪正式发布纯电专属平台e平台3.0，全新概念车ocean-X亮相现场。“e平台3.0是比亚迪在新能源汽车变革中，从上半场电动化转向下半场智能化的最关键布局”，比亚迪集团董事长兼总裁王传福表示，在e平...","content":"<p><html><body><div><div itemprop=\"articleBody\"><img src=\"https://article-fd.zol-img.com.cn/t_s624x412/g6/M00/08/09/ChMkKWE5oNaIKBGtAAKTk3jjLUIAATi_gH5HOsAApOr263.png\"/><div><div><div></div></div></div>September 8th news, in order to solve the pain points of user experience of new energy vehicles in terms of safety and low-temperature endurance,<a href=\"https://laohu8.com/S/002594\">BYD</a>E-Platform 3.0, a pure electric exclusive platform, was officially released, and the new concept car ocean-X was unveiled at the scene. \"E-Platform 3.0 is BYD's transformation of new energy vehicles, from electrification in the first half to the second half<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Wang Chuanfu, chairman and president of BYD Group, said that the models on e-platform 3.0 can make the upper limit of the structural strength of fuel vehicles the lower limit of pure electric vehicles.</p><p><span></span><img height=\"366\" src=\"https://article-fd.zol-img.com.cn/t_s624x412/g6/M00/08/09/ChMkKWE5oNaIKBGtAAKTk3jjLUIAATi_gH5HOsAApOr263.png\" width=\"554\"/></p><p>ocean-X, a concept car based on e-platform 3.0, is positioned as a medium-sized high-performance sports sedan, adopting an integrated blade battery body design, an eight-in-one powertrain and a four-wheel drive architecture to bring performance and intelligent driving experience to a new height. Its electric drive boost fast charging technology can charge for 5 minutes and have a maximum driving range of 150km; The direct cooling and direct heating technology of power battery can increase the thermal efficiency by 20% at the maximum and reduce the energy loss; In terms of open source and throttling, it can achieve a wide operating temperature of-30℃ to 60℃, which can increase the winter cruising range by 20% at maximum.</p><p>This article is an original article. If reprinted, please indicate the source: Charge 5 minutes and drive 150km BYD's new concept car ocean-X is released https: / /news.zol.com.cn/776/7763021.html</p><p><div zpv-events-inview=\"article-cont-bottom-viewport\"></div><div><span itemprop=\"url\">https://news.zol.com.cn/776/7763021.html</span><span itemprop=\"indexUrl\">news.zol.com.cn</span><span itemprop=\"isOriginal\">true</span><span itemprop=\"author\"><a href=\"https://laohu8.com/S/000931\">Zhongguancun</a>Online</span><span itemprop=\"isBasedOnUrl\">https://news.zol.com.cn/776/7763021.html</span><span itemprop=\"genre\">report</span><span itemprop=\"wordCount\">653</span><span itemprop=\"description\">On September 8th, in order to solve the pain points of user experience of new energy vehicles in terms of safety and low-temperature endurance, BYD officially released e-platform 3.0, a pure electric exclusive platform, and the new concept car ocean-X was unveiled at the scene. \"E-platform 3.0 is the most critical layout for BYD to shift from electrification in the first half to intelligence in the second half in the transformation of new energy vehicles\", Wang Chuanfu, chairman and president of BYD Group, said that in E-platform...</span></div></div></div></body></html></p>","source":"zol_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYD's new concept car ocean-X revealed for 150km in 5 minutes of charging</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYD's new concept car ocean-X revealed for 150km in 5 minutes of charging\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">鼻涕泡泡崩一脸</strong><span class=\"h-time small\">2021-09-13 05:29</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><div><div itemprop=\"articleBody\"><img src=\"https://article-fd.zol-img.com.cn/t_s624x412/g6/M00/08/09/ChMkKWE5oNaIKBGtAAKTk3jjLUIAATi_gH5HOsAApOr263.png\"/><div><div><div></div></div></div>September 8th news, in order to solve the pain points of user experience of new energy vehicles in terms of safety and low-temperature endurance,<a href=\"https://laohu8.com/S/002594\">BYD</a>E-Platform 3.0, a pure electric exclusive platform, was officially released, and the new concept car ocean-X was unveiled at the scene. \"E-Platform 3.0 is BYD's transformation of new energy vehicles, from electrification in the first half to the second half<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Wang Chuanfu, chairman and president of BYD Group, said that the models on e-platform 3.0 can make the upper limit of the structural strength of fuel vehicles the lower limit of pure electric vehicles.</p><p><span></span><img height=\"366\" src=\"https://article-fd.zol-img.com.cn/t_s624x412/g6/M00/08/09/ChMkKWE5oNaIKBGtAAKTk3jjLUIAATi_gH5HOsAApOr263.png\" width=\"554\"/></p><p>ocean-X, a concept car based on e-platform 3.0, is positioned as a medium-sized high-performance sports sedan, adopting an integrated blade battery body design, an eight-in-one powertrain and a four-wheel drive architecture to bring performance and intelligent driving experience to a new height. Its electric drive boost fast charging technology can charge for 5 minutes and have a maximum driving range of 150km; The direct cooling and direct heating technology of power battery can increase the thermal efficiency by 20% at the maximum and reduce the energy loss; In terms of open source and throttling, it can achieve a wide operating temperature of-30℃ to 60℃, which can increase the winter cruising range by 20% at maximum.</p><p>This article is an original article. If reprinted, please indicate the source: Charge 5 minutes and drive 150km BYD's new concept car ocean-X is released https: / /news.zol.com.cn/776/7763021.html</p><p><div zpv-events-inview=\"article-cont-bottom-viewport\"></div><div><span itemprop=\"url\">https://news.zol.com.cn/776/7763021.html</span><span itemprop=\"indexUrl\">news.zol.com.cn</span><span itemprop=\"isOriginal\">true</span><span itemprop=\"author\"><a href=\"https://laohu8.com/S/000931\">Zhongguancun</a>Online</span><span itemprop=\"isBasedOnUrl\">https://news.zol.com.cn/776/7763021.html</span><span itemprop=\"genre\">report</span><span itemprop=\"wordCount\">653</span><span itemprop=\"description\">On September 8th, in order to solve the pain points of user experience of new energy vehicles in terms of safety and low-temperature endurance, BYD officially released e-platform 3.0, a pure electric exclusive platform, and the new concept car ocean-X was unveiled at the scene. \"E-platform 3.0 is the most critical layout for BYD to shift from electrification in the first half to intelligence in the second half in the transformation of new energy vehicles\", Wang Chuanfu, chairman and president of BYD Group, said that in E-platform...</span></div></div></div></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://news.zol.com.cn/776/7763021.html\">鼻涕泡泡崩一脸</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/431bc32c61991963aae176a1ed8a3a68","relate_stocks":{"01211":"比亚迪股份","002594":"比亚迪"},"source_url":"http://news.zol.com.cn/776/7763021.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167305664","content_text":"9月8日消息，为解决新能源汽车在安全和低温续航方面等用户体验痛点，比亚迪正式发布纯电专属平台e平台3.0，全新概念车ocean-X亮相现场。“e平台3.0是比亚迪在新能源汽车变革中，从上半场电动化转向下半场智能化的最关键布局”，比亚迪集团董事长兼总裁王传福表示，在e平台3.0上的车型能让燃油汽车结构强度的上限成为纯电动汽车的下限。    而基于e平台3.0打造的概念车ocean-X，定位中型高性能运动轿车，采用刀片电池车身一体化设计、八合一动力总成和四驱架构，使性能和智能驾驶体验达到新高度。其电驱升压快充技术，可使充电5分钟，最大行驶里程达150km；动力电池直冷直热技术，可将热效率最大提升20%，并降低能量损耗；而在开源和节流方面，可实现-30℃到60℃的宽域工作温度，将冬季续航里程最大提升20%。本文属于原创文章，如若转载，请注明来源：充电5分钟行驶150km 比亚迪全新概念车ocean-X发布https://news.zol.com.cn/776/7763021.html\n\nhttps://news.zol.com.cn/776/7763021.html\nnews.zol.com.cn\ntrue\n中关村在线\nhttps://news.zol.com.cn/776/7763021.html\nreport\n653\n9月8日消息，为解决新能源汽车在安全和低温续航方面等用户体验痛点，比亚迪正式发布纯电专属平台e平台3.0，全新概念车ocean-X亮相现场。“e平台3.0是比亚迪在新能源汽车变革中，从上半场电动化转向下半场智能化的最关键布局”，比亚迪集团董事长兼总裁王传福表示，在e平...","news_type":1,"symbols_score_info":{"002594":1,"01211":1}},"isVote":1,"tweetType":1,"viewCount":2389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880293492,"gmtCreate":1631058722916,"gmtModify":1676530453616,"author":{"id":"3585303194220633","authorId":"3585303194220633","name":"lwj1","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585303194220633","authorIdStr":"3585303194220633"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880293492","repostId":"1199846968","repostType":2,"isVote":1,"tweetType":1,"viewCount":2810,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831211017,"gmtCreate":1629329676939,"gmtModify":1676530002473,"author":{"id":"3585303194220633","authorId":"3585303194220633","name":"lwj1","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585303194220633","authorIdStr":"3585303194220633"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/831211017","repostId":"2160753051","repostType":2,"repost":{"id":"2160753051","kind":"news","pubTimestamp":1629325545,"share":"https://ttm.financial/m/news/2160753051?lang=en_US&edition=fundamental","pubTime":"2021-08-19 06:25","market":"hk","language":"zh","title":"CardioCare-B (06609.HK) Hong Kong Public Offering was subscribed for 333.14 times with a cap price of HK$171 per share","url":"https://stock-news.laohu8.com/highlight/detail?id=2160753051","media":"格隆汇","summary":"根据香港公开发售初步提呈发售的香港发售股份获非常大幅超额认购。合共接获235,040份有效申请，认购合共2.199亿股香港发售股份，相当于根据香港公开发售初步可供认购的H股总数约333.14倍。根据发售价每股H股171.00港元，公司自全球发售收取的所得款项净额估计约为10.148亿港元。","content":"<p><html><body>Gelonghui August 19 |<span><a href=\"https://laohu8.com/S/06609\">Heartwell Medical-B</a>(06609.HK) announced that the company offered 6,601,800 shares globally, including 3,301,000 shares offered in Hong Kong, 3,300,85 shares offered internationally, and 15% over-allotment option; The Offer Price has been determined at HK$171.00 per Offer Share for board lot of 50 Shares;<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>And<a href=\"https://laohu8.com/S/601995\">CICC</a>As the Joint Sponsors, it is expected that the Shares will be listed on the Main Board of the Stock Exchange on 20 August 2021.</span></p><p>The H Shares initially offered under the International Offering have been over-subscribed, representing approximately 8.3 times the total number of H Shares initially available under the International Offering. The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering were very substantially over-subscribed. A total of 235,040 valid applications were received for a total of 219.9 million Hong Kong Offer Shares, representing approximately 333.14 times the total number of H Shares initially available under the Hong Kong Public Offering.</p><p>Based on the Offer Price of HK$171.00 per Share, pursuant to the relevant Cornerstone Investment Agreements, the Cornerstone Investors have subscribed for an aggregate of 3,000,600 H Shares, representing in aggregate approximately 7.73% of the issued share capital of the Company immediately following the completion of the Global Offering and approximately 45.45% of the number of Offer Shares under the Global Offering, in both cases assuming that the Over-allotment Option is not exercised.</p><p>Based on the Offer Price of HK$171.00 per H Share, the net proceeds received by the Company from the Global Offering are estimated to be approximately HK$1,014.8 million (assuming the Over-allotment Option is not exercised). The Company intends to allocate approximately 45.3% of the net proceeds to the Company's core products; Approximately 39.9% of the net proceeds are expected to be allocated to other product candidates within the Company's pipeline; Approximately 4.8% of the net proceeds were used to fund the enhancement of research and development capabilities and continuous expansion of product portfolio through internal research; Approximately 10.0% of the net proceeds are expected to be used for working capital and general corporate purposes.</p><p></body></html></p>","source":"stock_gelonghui","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CardioCare-B (06609.HK) Hong Kong Public Offering was subscribed for 333.14 times with a cap price of HK$171 per share</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCardioCare-B (06609.HK) Hong Kong Public Offering was subscribed for 333.14 times with a cap price of HK$171 per share\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-08-19 06:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body>Gelonghui August 19 |<span><a href=\"https://laohu8.com/S/06609\">Heartwell Medical-B</a>(06609.HK) announced that the company offered 6,601,800 shares globally, including 3,301,000 shares offered in Hong Kong, 3,300,85 shares offered internationally, and 15% over-allotment option; The Offer Price has been determined at HK$171.00 per Offer Share for board lot of 50 Shares;<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>And<a href=\"https://laohu8.com/S/601995\">CICC</a>As the Joint Sponsors, it is expected that the Shares will be listed on the Main Board of the Stock Exchange on 20 August 2021.</span></p><p>The H Shares initially offered under the International Offering have been over-subscribed, representing approximately 8.3 times the total number of H Shares initially available under the International Offering. The Hong Kong Offer Shares initially offered under the Hong Kong Public Offering were very substantially over-subscribed. A total of 235,040 valid applications were received for a total of 219.9 million Hong Kong Offer Shares, representing approximately 333.14 times the total number of H Shares initially available under the Hong Kong Public Offering.</p><p>Based on the Offer Price of HK$171.00 per Share, pursuant to the relevant Cornerstone Investment Agreements, the Cornerstone Investors have subscribed for an aggregate of 3,000,600 H Shares, representing in aggregate approximately 7.73% of the issued share capital of the Company immediately following the completion of the Global Offering and approximately 45.45% of the number of Offer Shares under the Global Offering, in both cases assuming that the Over-allotment Option is not exercised.</p><p>Based on the Offer Price of HK$171.00 per H Share, the net proceeds received by the Company from the Global Offering are estimated to be approximately HK$1,014.8 million (assuming the Over-allotment Option is not exercised). The Company intends to allocate approximately 45.3% of the net proceeds to the Company's core products; Approximately 39.9% of the net proceeds are expected to be allocated to other product candidates within the Company's pipeline; Approximately 4.8% of the net proceeds were used to fund the enhancement of research and development capabilities and continuous expansion of product portfolio through internal research; Approximately 10.0% of the net proceeds are expected to be used for working capital and general corporate purposes.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.gelonghui.com/news/detail.html?id=602138\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cb94707725a5c97e34b5305626765aec","relate_stocks":{"06609":"心玮医疗-B"},"source_url":"https://www.gelonghui.com/news/detail.html?id=602138","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160753051","content_text":"格隆汇8月19日丨心玮医疗-B(06609.HK)发布公告，公司全球发售660.185万股股份，其中香港发售股份330.1万股，国际发售股份330.085万股，另有15%超额配股权；发售价已厘定为每股发售股份171.00港元，每手买卖单位50股；高盛及中金公司为联席保荐人，预期股份将于2021年8月20日于联交所主板挂牌上市。根据国际发售初步提呈发售的H股已获超额认购，相当于根据国际发售初步可供认购的H股总数约8.3倍。根据香港公开发售初步提呈发售的香港发售股份获非常大幅超额认购。合共接获235,040份有效申请，认购合共2.199亿股香港发售股份，相当于根据香港公开发售初步可供认购的H股总数约333.14倍。基于每股发售价为171.00港元，根据相关基石投资协议，基石投资者已认购合共300.06万股H股，合共相当于紧随全球发售完成后公司已发行股本约7.73%及全球发售的发售股份数目约45.45%，在两种情况下均假设超额配股权并无获行使。根据发售价每股H股171.00港元，公司自全球发售收取的所得款项净额估计约为10.148亿港元(假设超额配股权并无获行使)。公司拟将所得款项净额约45.3%分配至公司的核心产品；约39.9%所得款项净额预期将分配至公司管线内的其他在研产品；约4.8%所得款项净额用于为透过内部研究提升研发能力及持续扩充产品组合提供资金；约10.0%所得款项净额预期将用作营运资金及一般企业用途。","news_type":1,"symbols_score_info":{"06609":1}},"isVote":1,"tweetType":1,"viewCount":3468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807510956,"gmtCreate":1628042967975,"gmtModify":1703500130698,"author":{"id":"3585303194220633","authorId":"3585303194220633","name":"lwj1","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585303194220633","authorIdStr":"3585303194220633"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807510956","repostId":"1163360313","repostType":2,"isVote":1,"tweetType":1,"viewCount":2795,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804201567,"gmtCreate":1627956487259,"gmtModify":1703498540257,"author":{"id":"3585303194220633","authorId":"3585303194220633","name":"lwj1","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585303194220633","authorIdStr":"3585303194220633"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804201567","repostId":"1144265431","repostType":2,"isVote":1,"tweetType":1,"viewCount":2648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167834181,"gmtCreate":1624257481943,"gmtModify":1703831759864,"author":{"id":"3585303194220633","authorId":"3585303194220633","name":"lwj1","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585303194220633","authorIdStr":"3585303194220633"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167834181","repostId":"2145233083","repostType":4,"repost":{"id":"2145233083","kind":"highlight","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1624255407,"share":"https://ttm.financial/m/news/2145233083?lang=en_US&edition=fundamental","pubTime":"2021-06-21 14:03","market":"us","language":"zh","title":"Why is the market uneasy about the Fed as the yield curve of U.S. bonds flattens?","url":"https://stock-news.laohu8.com/highlight/detail?id=2145233083","media":"Wind万得","summary":"美联储在上周暗示加息快于预期之后，10年期和30年期美债收益率下挫，收益率曲线趋平。分析师表示，许多投资者正在对押注通胀走高的交易进行平仓，因美联储声称不会让通胀飙升至令人担忧的水平。\n具体来看，6月","content":"<p>Yields on 10-and 30-year U.S. bonds fell and the yield curve flattened after the Fed hinted last week that rate hike was faster than expected. Many investors are closing out trades betting on higher inflation as the Fed claims it won't let inflation soar to worrying levels, analysts said.</p><p>Specifically, on June 21st, the yield of 30-year U.S. bonds fell below 2%, the first time since February; The yield of 10-year U.S. bonds fell below 1.428%, continuing to reach a new low since March 3rd.</p><p><img src=\"https://static.tigerbbs.com/94e3fcd2fc407f1a5a6c561e5efb918b\" tg-width=\"796\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p>Gennadiy Goldberg, interest rate strategist at TD Securities in New York, said: \"The market now seems to have shifted from the idea that the Fed will let inflation go higher to the idea that the Fed will stifle inflation in the cradle.\" The strategist further added that \"the truth could be somewhere in between.\"</p><p>\"They're trying to tighten their grip on the narrative, and I don't think policymakers want people to think the Fed is behind the curve when it comes to inflation,\" Goldberg said.</p><p>On Friday, St. Louis Federal Reserve Bank President James Bullard said he believes next year will begin a rate hike with higher yields as inflation rises faster than expected. \"We were expecting a good year, a good reopening, but this year inflation is higher than we expected, and I think it's natural to lean more hawkish to control inflationary pressures,\" Bullard said.</p><p>After Bullard's voice, the yield curve continued to flatten. Yields on 5-and 30-year U.S. bonds tended to flatten to 111 basis points, the smallest gap since September last year. Analysts say the market interpretation of the current yield curve flattening is overblown as investors close their positions to bet on crowded trades where the curve steepens.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>\"We believe that steep yields on the long end could be used as an aggressive arbitrage approach to high yields, especially just two years after the anticipated Fed rate hike, and the closure of these positions adds pressure on the yield curve to flatten,\" the analysts said.</p><p><b>Deutsche Bank: The Fed faces many difficulties in tightening policy</b></p><p>At the same time, some analysts interpreted the flattening of U.S. bond yields as a reflection of the Fed's policy mistakes.<a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>George Saravelos, chief foreign exchange strategist, said that the change in U.S. bond yields can be attributed to the market's pessimistic expectation of the real neutral interest rate (r*).</p><p>Saravelos analyzes the market impact of the Fed's advance rate hike from three perspectives, starting with the dollar component.<b>The sharp rise in the dollar fits perfectly with the conventional wisdom that what matters most to the dollar is the front-end real interest rate.</b>The Fed's rate hike is expected to move sharply higher in 2023 and support the short-term strength of the dollar. Even if the yield on the 10-year U.S. Treasury Bond doesn't hit a record high, it's no surprise that the dollar has rallied strongly.</p><p>Secondly, the commodity angle: as<a href=\"https://laohu8.com/S/0H7D.UK\">Deutsche Bank</a>As strategists have pointed out,<b>The Fed's role in driving up commodity prices should not be underestimated, as perhaps best illustrated by the current high correlation between the dollar and base metal prices.</b>Saravelos quoted Deutsche Bank's fixed income team as saying that there is an extremely strong link between the Fed's balance sheet, commodity prices and inflation expectations, and in fact the tapering in 2013 also marked the peak of inflation expectations at that time.</p><p>Similarly, economists have shown that even survey-based measures of inflation expectations, such as the Michigan Consumer Confidence Index, are highly correlated with commodity prices.<b>All of this reinforces the point that the Fed can be more powerful than typically assumed in influencing inflation expectations through the dollar and commodities.</b></p><p>Finally, and most importantly, there is the bond and the real neutral rate (r*) angle. The yield curve flattened rapidly after the Federal Reserve announced its interest rate decision. According to Saravelos, this is highly unusual given that the Fed hasn't even started a rate hike yet. While market pricing for rate hikes in 2023 and 2024 has risen, yields have fallen since,<b>Investors believe the Fed's second rate hike cycle is less than two years old.</b></p><p>What the above tells us, according to Saravelos, is that, unlike in 2015, the market now has an extremely pessimistic view of the real neutral rate, or r*. In other words,<b>The market believes the Fed won't go too far on tightening until inflation and economic growth reach their limits, pushing down yield expectations after the first rate hike.</b></p><p>In addition, Saravelos added two factors to illustrate that the Fed's early tightening will \"hit hard\" the economy: in a low global interest rate environment, the huge demand for yields from investors forced the dollar to strengthen and pushed deflation faster than expected; At the same time, the lower r* is consistent with the continued resilience of the stock market, especially for growth stocks that rely heavily on lower medium-term discount rates.</p><p>Although a few days of movement in yields does not yet constitute a trend, it cannot be denied that the market is sending out some special signals. Meanwhile, Saravelis has been highlighting in recent weeks that some troubling issues have resurfaced as the economy transitions from the second half of a V-shaped recovery to a post-pandemic stabilization, such as the structural disruption to private sector savings rates caused by the pandemic, and the new equilibrium real interest rate level.</p><p>All in all, some investors have begun to worry that the Fed's too fast pivot will lead to a shift from inflation to deflation. By then, the fiscal stimulus package may have ended, and policymakers will face a more passive situation.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why is the market uneasy about the Fed as the yield curve of U.S. bonds flattens?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy is the market uneasy about the Fed as the yield curve of U.S. bonds flattens?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-06-21 14:03</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Yields on 10-and 30-year U.S. bonds fell and the yield curve flattened after the Fed hinted last week that rate hike was faster than expected. Many investors are closing out trades betting on higher inflation as the Fed claims it won't let inflation soar to worrying levels, analysts said.</p><p>Specifically, on June 21st, the yield of 30-year U.S. bonds fell below 2%, the first time since February; The yield of 10-year U.S. bonds fell below 1.428%, continuing to reach a new low since March 3rd.</p><p><img src=\"https://static.tigerbbs.com/94e3fcd2fc407f1a5a6c561e5efb918b\" tg-width=\"796\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p>Gennadiy Goldberg, interest rate strategist at TD Securities in New York, said: \"The market now seems to have shifted from the idea that the Fed will let inflation go higher to the idea that the Fed will stifle inflation in the cradle.\" The strategist further added that \"the truth could be somewhere in between.\"</p><p>\"They're trying to tighten their grip on the narrative, and I don't think policymakers want people to think the Fed is behind the curve when it comes to inflation,\" Goldberg said.</p><p>On Friday, St. Louis Federal Reserve Bank President James Bullard said he believes next year will begin a rate hike with higher yields as inflation rises faster than expected. \"We were expecting a good year, a good reopening, but this year inflation is higher than we expected, and I think it's natural to lean more hawkish to control inflationary pressures,\" Bullard said.</p><p>After Bullard's voice, the yield curve continued to flatten. Yields on 5-and 30-year U.S. bonds tended to flatten to 111 basis points, the smallest gap since September last year. Analysts say the market interpretation of the current yield curve flattening is overblown as investors close their positions to bet on crowded trades where the curve steepens.</p><p><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>\"We believe that steep yields on the long end could be used as an aggressive arbitrage approach to high yields, especially just two years after the anticipated Fed rate hike, and the closure of these positions adds pressure on the yield curve to flatten,\" the analysts said.</p><p><b>Deutsche Bank: The Fed faces many difficulties in tightening policy</b></p><p>At the same time, some analysts interpreted the flattening of U.S. bond yields as a reflection of the Fed's policy mistakes.<a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>George Saravelos, chief foreign exchange strategist, said that the change in U.S. bond yields can be attributed to the market's pessimistic expectation of the real neutral interest rate (r*).</p><p>Saravelos analyzes the market impact of the Fed's advance rate hike from three perspectives, starting with the dollar component.<b>The sharp rise in the dollar fits perfectly with the conventional wisdom that what matters most to the dollar is the front-end real interest rate.</b>The Fed's rate hike is expected to move sharply higher in 2023 and support the short-term strength of the dollar. Even if the yield on the 10-year U.S. Treasury Bond doesn't hit a record high, it's no surprise that the dollar has rallied strongly.</p><p>Secondly, the commodity angle: as<a href=\"https://laohu8.com/S/0H7D.UK\">Deutsche Bank</a>As strategists have pointed out,<b>The Fed's role in driving up commodity prices should not be underestimated, as perhaps best illustrated by the current high correlation between the dollar and base metal prices.</b>Saravelos quoted Deutsche Bank's fixed income team as saying that there is an extremely strong link between the Fed's balance sheet, commodity prices and inflation expectations, and in fact the tapering in 2013 also marked the peak of inflation expectations at that time.</p><p>Similarly, economists have shown that even survey-based measures of inflation expectations, such as the Michigan Consumer Confidence Index, are highly correlated with commodity prices.<b>All of this reinforces the point that the Fed can be more powerful than typically assumed in influencing inflation expectations through the dollar and commodities.</b></p><p>Finally, and most importantly, there is the bond and the real neutral rate (r*) angle. The yield curve flattened rapidly after the Federal Reserve announced its interest rate decision. According to Saravelos, this is highly unusual given that the Fed hasn't even started a rate hike yet. While market pricing for rate hikes in 2023 and 2024 has risen, yields have fallen since,<b>Investors believe the Fed's second rate hike cycle is less than two years old.</b></p><p>What the above tells us, according to Saravelos, is that, unlike in 2015, the market now has an extremely pessimistic view of the real neutral rate, or r*. In other words,<b>The market believes the Fed won't go too far on tightening until inflation and economic growth reach their limits, pushing down yield expectations after the first rate hike.</b></p><p>In addition, Saravelos added two factors to illustrate that the Fed's early tightening will \"hit hard\" the economy: in a low global interest rate environment, the huge demand for yields from investors forced the dollar to strengthen and pushed deflation faster than expected; At the same time, the lower r* is consistent with the continued resilience of the stock market, especially for growth stocks that rely heavily on lower medium-term discount rates.</p><p>Although a few days of movement in yields does not yet constitute a trend, it cannot be denied that the market is sending out some special signals. Meanwhile, Saravelis has been highlighting in recent weeks that some troubling issues have resurfaced as the economy transitions from the second half of a V-shaped recovery to a post-pandemic stabilization, such as the structural disruption to private sector savings rates caused by the pandemic, and the new equilibrium real interest rate level.</p><p>All in all, some investors have begun to worry that the Fed's too fast pivot will lead to a shift from inflation to deflation. By then, the fiscal stimulus package may have ended, and policymakers will face a more passive situation.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0c4c12ced42f6e049ccefa5fe31f231f","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SSO":"2倍做多标普500ETF-ProShares","QQQ":"纳指100ETF",".DJI":"道琼斯","SDOW":"三倍做空道指30ETF-ProShares","DDM":"2倍做多道指ETF-ProShares",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares","SH":"做空标普500-Proshares","SQQQ":"纳指三倍做空ETF","PSQ":"做空纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","TQQQ":"纳指三倍做多ETF","UPRO":"三倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SPY":"标普500ETF","UDOW":"三倍做多道指30ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","DJX":"1/100道琼斯","OEX":"标普100","DOG":"道指ETF-ProShares做空","QID":"两倍做空纳斯达克指数ETF-ProShares","IVV":"标普500ETF-iShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145233083","content_text":"美联储在上周暗示加息快于预期之后，10年期和30年期美债收益率下挫，收益率曲线趋平。分析师表示，许多投资者正在对押注通胀走高的交易进行平仓，因美联储声称不会让通胀飙升至令人担忧的水平。\n具体来看，6月21日，30年期美债收益率跌破2%，为2月以来首次;10年期美债收益率跌破1.428%，续刷3月3日来新低。\n\n道明证券(TD Securities)驻纽约的利率策略师根纳迪·戈德伯格(Gennadiy Goldberg)表示：“市场现在似乎已经由美联储将放任通胀走高的观点，转向美联储将把通胀扼杀在摇篮中。”该策略师进一步补充称“真相可能介于两者之间。”\n“他们正试图加强对叙事的控制，我认为政策制定者不希望人们认为美联储在通胀方面落后于曲线，”戈德伯格说。\n上周五，圣路易斯联邦储备银行行长詹姆斯布拉德表示，由于通胀上升速度快于预期，他认为明年将开始加息，收益率上涨。“我们原本期待一个好年头，一个好的重新开放，但今年通胀率比我们预期的要高，我认为更倾向于鹰派以控制通胀压力是很自然的，”布拉德说。\n布拉德发声之后，收益率曲线继续趋于平缓。5年期和30年期美债收益率趋于平缓至 111个基点，达到自去年9月以来最小的差距。分析师表示，由于投资者平仓押注曲线趋陡的拥挤交易，对于当前收益率曲线趋平的市场解读被夸大了。\n摩根大通分析师表示：“我们认为，长端陡峭的收益率可能被用作高收益率的积极套利方式，尤其是在预期的美联储升息仅有两年之后，而这些头寸的平仓增加了收益率曲线趋平的压力。”\n德银：美联储收紧政策面临诸多难题\n与此同时，也有分析师将美债收益率趋平解读为美联储政策失误的体现。德意志银行首席外汇策略师George Saravelos表示，美债收益率变化可以归结于，市场对实际中性利率(r*)持悲观预期。\nSaravelos从三个角度分析美联储提前加息的市场影响，首先是美元部分。美元的大幅上涨完全符合传统观点，即对美元来说最重要的是前端实际利率。美联储加息预期在2023年大幅走高，并支撑美元短期走强。即使10年期美国国债收益率没有创新高，美元强劲反弹也不足为奇。\n其次是商品角度：正如德意志银行策略师所指出的那样，美联储在推高大宗商品价格方面所扮演的角色不应被低估，目前美元和贱金属价格之间的高度相关性或许最能说明这一点。Saravelos援引德意志银行固定收益部门团队观点称，美联储的资产负债表、大宗商品价格和通胀预期之间存在着极其强大的联系，而事实上2013年的缩减也标志着当时的通胀预期见顶。\n同样，经济学家已经表明，即使是基于调查的通胀预期指标，如密歇根州消费信心指数，也与商品价格具有高度相关性。所有这些都强化了这一点，即美联储在通过美元和大宗商品影响通胀预期方面可以比通常假设的更强大。\n最后，也是最重要的，是债券和实际中性利率(r*)的角度。在美联储公布利率决议后，收益率曲线迅速趋平。根据Saravelos的说法，鉴于美联储甚至还没有开始加息，这是极不寻常的。尽管市场对2023年和2024年加息的定价已经上升，但之后的收益率却下降了，投资者认为美联储次轮加息周期只有不到两年时间。\nSaravelos认为，上述情况告诉我们的是，与2015年不同，现在市场对实际中性利率(或称r*)的看法极其悲观。换句话说，市场认为在通胀和经济增长触及极限之前，美联储不会在收紧政策上走得太远，从而压低了首次加息后的收益率预期。\n此外，Saravelos还补充了两个因素，以说明美联储提前收紧政策将对经济造成“重创”：在全球低利率环境下，投资者对收益率的巨大需求迫使美元走强，并以比预期更快的速度推动通缩;同时，较低的r*与股市的持续弹性相一致，尤其是严重依赖于较低中期贴现率的成长型股票。\n尽管收益率几天的变动尚不构成趋势，但不能否认市场正在发出一些特殊的信号。同时，Saravelis近几周一直强调，随着经济从V型复苏的下半场过度到疫情之后的稳定状态，一些令人不安的问题重新浮出水面，例如疫情对私营部门储蓄率造成的结构性破坏，以及新的均衡实际利率水平。\n总而言之，部分投资者已开始担心，美联储的过快转向将导致经济从通胀转向通缩。而彼时财政刺激计划或许已经结束，政策制定者将面临更为被动的局面。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"UBmain":0.9,".SPX":0.9,"QQQ":0.9,"DOG":0.9,"NQmain":0.9,"TNmain":0.9,"SH":0.9,"ZFmain":0.9,"SQQQ":0.9,"SPXU":0.9,"PSQ":0.9,"DXD":0.9,"ZTmain":0.9,".DJI":0.9,"ZNmain":0.9,"IVV":0.9,"QLD":0.9,"ESmain":0.9,"ZBmain":0.9,"TQQQ":0.9,"SPY":0.9,"OEF":0.9,"DDM":0.9,"SDS":0.9,"MNQmain":0.9,"DJX":0.9,"SDOW":0.9,"UDOW":0.9,"SSO":0.9,"UPRO":0.9,".IXIC":0.9,"QID":0.9,"OEX":0.9}},"isVote":1,"tweetType":1,"viewCount":2159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"following","isTTM":true}