I-Analytics Bond Evikini

Anonim

I-Analytics Bond Evikini 6682_1

Ngesonto eledlule bekuyinto eguquguqukayo. Kwakunezizathu eziningi zokuba zihle. Ekuqaleni, uMnyango Wezezimali umemezele ukuthi kunganciphisa umthamo wokubolekwa ngama-ruble angama-0.5-1 trillion. Kulo nyaka kukhule ukukhula kwemali engenayo engamafutha. Ngemuva kokumisa okwesikhashana kwamaviki amabili, izindali ze-atz zaziphelele. UMnyango Wezezimali awuzange unikeze amaphepha amade, kepha ukukhiqizwa kweminyaka emi-5 kuphela kwabangu-26234 (90 billion esifunwayo 152) kanye ne-inflation licker (14 billion ngesidingo 41). Kwethulwa unswinyo olusha olusengxenyeni ye-United States kanye ne-EU, futhi bona, njengoba sasikulindele, babengelutho emakethe. Nokho, ngokuhamba kwesikhathi kwakukhona imininingwane yokuthi ukulinganiselwa okwengeziwe okuvela e-United States kulindelwe maduze, futhi imakethe yanikeza ingxenye enkulu yensimu ebenginqobile ngaphambili.

I-inflation eRussia igcinwe ezingeni le-0.2% isonto lesine lilandelana, okusakazwa yi-5.6% Y / y. Sikholwa ukuthi inani eliphakeme lenkomba selivele lisondele kakhulu futhi maduze nje ukwehla kwamandla emali kuzoqala ukwehlisa ijubane.

Umthamo wokuthenga kwemali ngomthetho wesabelomali kusuka ngoMashi 5 kuya ku-Ephreli 6 uzoba ama-ruble ayizigidi eziyizinkulungwane eziyi-148 (ama-ruble ayizigidi eziyizinkulungwane eziyi-6.7. Ngosuku ngokumelene nama-ruble ayizigidi eziyizinkulungwane ezingama-2.4. Ngosuku ekuqaleni).

Lapho kugxilwe kubatshalizimali, lesi simo sihlala sinokubuya kwezibopho zenkosi yemali yaseMelika, ezaholela ngesonto eledlule ukuthengiswa cishe kwazo zonke izingxenye. Isizathu sokunqoba inzuzo yophawu lwe-1,6% kwizibopho zemali yoMgcinimafa weminyaka eyi-10 kwakungamazwana ekhanda le-Fed J. Powell ukuthi amazinga okukhula avela ngaphandle ayelikhathaza ngoMlawuli.

Ngempelasonto, i-senate yavuma iphakethe lokukhuthaza kwezimali ngamadola ayizigidi eziyizinkulungwane eziyi-1,9, ukusabela kwayo kwakuvinjelwe ngenxa yokumboza okubanzi kwesihloko muva nje.

Ngokombono wethu, ukukhula kwesivuno samabhondi eMgcinimafa aseMelika kungancipha esikhathini esizayo esiseduze noma kuphenduke umcimbi wokuhlinzekwa kwezikhala ezintsha zokulawula ngamabhange avela ku-Fed. Noma kunjalo, ngenkathi ukulahleka okukhulu kakhulu ekukhuleni kwamanani ezifundela kuyaqhubeka nokuthwala ingxenye yama-bond amade wesigaba sokutshala imali, ngenkathi ukulungiswa engxenyeni yezibopho eziphezulu zibukeka zilinganiselwe.

U-Evgeny Jhorubanist, Umphathi Wephothifoliyo we-Alfa Capital

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