【政治経済】平成床屋談義 町の噂その642 at ASIA【政治経済】平成床屋談義 町の噂その642 - 暇つぶし2ch■コピペモード□スレを通常表示□オプションモード□このスレッドのURL■項目テキスト850:日出づる処の名無し 15/08/17 18:18:24.68 0Ir6L6+Q.net 中国への内向きのマネーフローのある時、米国ドルを借りて人民元資産に投資 するキャリートレードが成立していたが Capital also flowed into China, as quantitative easing by Japan added to carry-trade borrowing in U.S. dollars or Hong Kong dollars into the mainland. The stability of the yuan also contributed to a boom in offshore high-yield-bond funding by Chinese corporates as investors clamored for yield. 人民元の値下がりと米国FRBの金利上昇の見通しからキャリートレードの巻き戻しが Now with this initial yuan weakening, together with the fact that the U.S. central bank is set to raise interest rates, the conditions look set for this big carry trade into Chinese assets to unwind. 人民元の対ドル比率の安定性がオフショア人民元建て債券などへの投資を可能にし てきたのだが、人民元切り下げでこの条件が崩れてしまった Even after last week’s small devaluation, analysts are already highlighting how much things have changed. Julius Baer commented that its call to buy offshore renminbi bonds was partly based on the low volatility in the USD/CNH cross, but this argument can no longer be maintained. In fact total returns in the last two years have been wiped out in U.S. dollar terms in just two days, based on the HSBC Off-Shore Renminbi Total Return Index. 投資家にとって人民元建て資産の保有が新たなリスクに China looks to be in for an extremely bumpy ride as a lot more investors question the risk of holding yuan assets. 次ページ最新レス表示レスジャンプ類似スレ一覧スレッドの検索話題のニュースおまかせリストオプションしおりを挟むスレッドに書込スレッドの一覧暇つぶし2ch