Stock trading refers to the behavior that investors continue to trade at the daily limit after the daily limit and buy the stock at the daily limit. The following small series brings the trend of China government bond yield curve. Let's take a look at it together, hoping to bring some reference.

Trend of yield curve of China national debt

In the process of world economic recovery, the yield curve of China's national debt has also changed greatly. From 2009 to 20 19, the yield of China 10-year treasury bonds reached a historical peak of 4.82% during the financial crisis triggered by the Sichuan earthquake, and has gradually dropped to 3. 12%. It not only reflects the changes in China's economic situation, but also reflects the views of international investors on the future development prospects of China's economy.

Economic recovery period

In 2009, China's economy was in the stage of structural adjustment. At that time, the yield of government bonds once fell to 3.03%, and the yield curve of 10-year government bonds rose slightly, but it was still at a low level, indicating that the market lacked confidence in the government's economic policies.

With the introduction of a number of economic structural reforms by the government, China's economy began to enter a "new normal" in 20 16, and the yield of national debt also changed from low to high, and the curve increased significantly. At the end of 20 10, it broke through 4% for the first time, and reached an all-time high of 4.6 1% and 2065438+ at the end of 20 12.

20 15-20 16: stable period of reform

20 15 and 20 16, the yield of government bonds fell sharply. At the beginning of 20 15, the government of China carried out a comprehensive supply-side structural reform, which triggered a change in the economic development model. A series of important reforms have attracted the attention of international investors, resulting in a sharp drop in the yield of government bonds, reaching the lowest point of 3.06%, and failing to break through 3.06% at the end of 20 16.

20 17-20 18: economic recovery period

20 17 China's economy began to show signs of recovery, and various reforms continued to advance. The results of the reform are gradually emerging. China's economy is growing strongly, and the yield of national debt is also rising slowly. At the beginning of 20 18, the yield of government bonds reached a record high of 3.5 1% and reached 3.59% at the end of the year.

20 19-2020: stable period of economic slowdown

20 19 China's economic growth slowed down, and the government relaxed its fiscal policy and launched a number of policies to expand domestic demand. However, the effect of the policy is limited, and the yield of China's government bonds has dropped from 4.08% to 3. 12%. At the end of 20 19, the yield of government bonds remained at 3. 12%-3.6554.

Future: Uncertainty and Change

Starting from 20021,the China Municipal Government will continue to promote structural reforms, implement the new development concept of "striving for progress while maintaining stability", and strive to improve the quality and efficiency of China's economic growth, so as to achieve steady and increasing economic operation. The yield of government bonds will also be normalized, but there are still many uncertainties. The trend of China's national debt yield curve will be influenced by many factors, and it is expected that it will still fluctuate slightly in the future.

Seize the stocks with continuous daily limit.

In the mid-line stock picking skills, if you want to make a medium-long line layout, you must look at the current market situation. You can refer to the annual line (250 antennas) and semi-annual line (120 antennas) of the market index. If the trend is above the annual line and the semi-annual line, it means that it is not a bear market at present. In the face of national policies, investors should not be lucky enough to grab the rebound or choose to buy people, but should wait and see to clear their positions. If the stock market rises sharply, it is necessary to follow the trend and hold shares in the medium term.

Mid-line stock selection should be comprehensively analyzed from six aspects: K-line shape, technical index, relative price, company fundamentals, market trend and stock theme. We should give up some stocks with high P/E ratio and prices much higher than their intrinsic values.

As for how to seize the stocks with continuous daily limit? The initial share price rose by more than 6%; Must be "heavy"; The greater the increase, the stronger the trend and the more favorable it is. Among the key conditions of daily limit, the opening price is 2-3 points higher and the opening price is not more than 2 points lower. The decline process cannot be heavy, and the heavy volume is suspected of shipping; The closing price is near yesterday's closing price, so it is best not to form a gap.