CDS 信用違約交換

CDS (Credit Default Swap)信用違約交換

• https://zh.wikipedia.org/wiki/%E4%BF%A1%E7%94%A8%E9%81%95%E7%B4%84%E4%BA%A4%E6%8F%9B

債劵市場 比 股票市場 更敏感於政策變動所帶來的影響

To understand the financial markets, you need to understand the hierarchy of asset classes.

That hierarchy is as follows:

Globally, the stock market is about $69 trillion in size, trading about $191 billion in shares per day.

The bond markets are well north of $140 trillion, and trade about $700 billion in volume per day,

The bond market is the SMART money and reacts to major policy changes before stocks.

Reference:

http://www.zerohedge.com/news/2016-10-04/warning-bond-markets-are-signaling-something-massive-coming