Bond Proxy, Yakatsanangurwa

Mushure mokudengenyeka kwemari yemari yakatanga kumavambo kwe2007, US Treasury yakatevera chikamu chechikwereti chechikwereti chinokurudzira hupfumi. Munharaunda iyi ye-ultra-low yield pane zvakachengetedzwa zvakanyanya zvakachengetwa-mari , vatengesi vakatanga kutarisa kune mamwe masimba ekusimbisa. Zvine zvishoma zvisingabatsiri zvinowanika pamitambo yakachengetedzwa yakachengeteka yakadai semabhengi emabhengi, zvisungo zvekuchengetedza, kana pfupi nguva shoma yeUnited States , vatengesi vaida kuchengetedza mari yavo yekusimwa vakanzwa vachimanikidzwa kutora ngozi yakawanda.

Izvi zvakawedzera izwi idzva kumarikisi yezvemari: "bvumirano yezvisungo."

Zvinoreva "Mazano Okubvumirana"

Izvo zvinodanwa kusungirirwa kwezvisungo zvikwereti zvinotarisirwa kuva zvakakwana kuti zvifanane nehutano maererano nekukwanisa kwavo kugovera mari yakawanda, asi nezvibereko zvakakwirira. Vazhinji vapeki vezvemari vakayambira vatengesi kuti varwise izvi. Zvinosuruvarisa, sezvo vashandi vadzidza mumutsara wechipiri wegore ra2013, vauzi vezvemari vainge vakarurama: hurumende yekutengesa chaizvoizvo inenge yakangova yengozi yenguva pfupi. Izwi rokuti "proxy proxy" rinonyadzisa. Chisungo chisungo uye hapana vakatsiva vechokwadi.

Zvidzidzo zveMusika Wepasi

MunaMuvhuro 2013, vatengesi vakabatwa nekushamisika apo US Federal Reserve sachigaro weBen Bernanke akarayira kuti Fed ingatanga kutora mutemo wayo unokurudzira huwandu hwekufambisa . Chigumisiro chacho chaiva chekutsvaga kwakakosha mumusika wezvisungo, kusanganisira mhando dzakasiyana dzevanotengesa zvikwereti zvekuchengetedzwa kwemari vainge vatenga sechisungo chekubatanidza kuti vawedzere mari yavo.

Mukati kubva musi waMay 21, 2013 (zuva iro Bernanke akatanga kutaurira nyaya yekugadzirisa) kusvika munaJune 20 (apo magetsi akazosvika pakaderera pakuderera kwavo), zvikwereti zvekutsvaga kwekutsvaga kwezvikwata zvakaderera anenge 2.8%. Munguva imwecheteyo, mari inoshandiswa pakuwana mari inowanikwa mari yakawanda yakaipisisa, sezvakakonzerwa nekushanda kweimwe dzeEFs dzinokosha:

Zvakakosha kuchengeta mupfungwa kuti iyi inongova mwedzi mumwe chete, uye hairatidzire icho icho chekuti zvikwereti zvinowanzopa hutano hwakanaka kune zvisungo pamusoro penguva refu. Panguva imwe chete, zvakadaro, inoshanda semuenzaniso wakajeka wezvipingamupinyi zvinowanikwa mukutsvaga michero yakawanda kunze kwemusika wezvisungo: kana nguva dzikava dzakaoma, aya masimba anogona-uye anowanzove-akavhara zvibvumirano nechepamusoro. Izvi zvinogamuchirwa kune avo vane nguva yakareba yekutsvaga kwekutsvaga kwekutsvaga uye kunzwisisa kwezvipingamupinyi zvinowanikwa pakugovera chikamu chezvinhu zvavo kune aya masimba ekutsvaga. Asi vamwe vatengesi, zviitiko zveMay-June 2013 zvinoratidza ngozi.

Usanyengerwa!

Chidzidzo? Usanyengerwa nemafungiro ekuti mamwe masimari "akafanana" nezvisungo. Kunze kwekuti hukama hwevanhu huripo , huchapedzisira hudzorera huwandu hwakazara wevatungamiri pavanokura .

Uye kunyange mari yezvisungo , iyo yakawanda isina kukura pane imwe zuva, inowanzopa zvishoma zvishoma kunze kwekuti ichishandiswa mune imwe nzvimbo yepamusoro yekutengesa. Kusiyana neizvi, kunyange zvikamu zvakachengetedza zvemusika wekutengesa hazvipi kupa chivimbo chakadaro. Zvimwe zvinotengeswa mari, pakati pavo mafuta uye gasi ushamwari, zvivako zvekutengesa zvivako, hazvina maturo, hazvipi zvivimbiso uye zvinogona kutarisa vatengesi kuti varege kurasikirwa.

Chinhu chakakosha: usatora matambudziko ekutsvaga mari - kusanganisira mabhizimusi ematengesi emabhizimisi - akanyorwa "maitiro ekubatanidza," kunze kwekuti iwe unogona kukwanisa kumira kwenguva shoma.