"Waltergu, do you think there is still hope for a reversal in the bond market?" Andre, chairman of Allianz Capital Group, asked in a deep voice on the phone.

Waltergu pondered for a moment and replied: "Although these bonds have risks, the discount is definitely not so great."

"At present, it is no longer the value driving the price, but the emotion driving the price. The three bonds of 326,413,419 are the core bonds issued and traded in the market. The scale is very large. Although Beiyan Bank has gone bankrupt, it is in order to avoid the crisis spreading infinitely to the entire financial system."

"The Central Bank of England, and the Bank of England, will definitely support the bottom line."

“I think the probability of default is very low.”

"It's just... we intervened too early, were cheated too badly by Barclays, and lost the initiative. Even if we could see these, it would be useless."

"Now, after the emotional sell-off, our losses in the bond market are almost reaching the limit."

"Chairman, it is really not a wise move to cut positions in this position. When you get the bonds to be redeemed, you will most likely recover most of the losses."

"However, in panic..."

"Especially, the 006 bond will not be redeemed on time, and its value has fallen to around the 30 pounds price, and it is almost turning into a piece of waste paper. The three bonds of 326, 413, 419 will definitely fall again."

"We have too much holdings in the bond market. The price will go down with the emotions. I can't hold on to the funds in my hands!"

Andre was silent for a moment and asked, "How much is the loss now?"

Waltergu sighed lightly and said, "It's almost 2 billion pounds, an epic loss. The fund managers below are all panicked and are waiting for me to make an idea."

"It's so serious!" Andrey frowned deeply, with some intention of giving up if he wanted to cut the position.

At this time, retreat, although the losses are serious, it can still be barely withdrawn. If the price drops again and everyone will follow the full liquidation of the position, they will really not be able to leave.

"Chairman..."

Before Andre made a decision, Waltergu had already said again: "We have lost the bond market, but hedging in other places is not impossible to make up for the losses."

"It's just that, I need funds, a huge amount of funds."

"This is also the purpose of calling you now. In the bond market, we only need to hold on to our opponents and hold on for a few more trading days to get a turnaround."

"So, you don't plan to retreat at this time?" Andrey frowned and asked.

Waltergu replied: "As long as the headquarters can support another batch of funds, I am confident that I will reverse the losses and support the bond market. We still have great potential in the foreign exchange market."

"Forex market?" Andre was stunned.

Waltergu said his thoughts and said in a deep voice: "Chairman, London is the core of the crisis and the Eye of the Storm. The British pound has invested too much in the continued confrontation between the long and short sides, and the bank run crisis has consumed too much local currency. The Bank of England has limited reserves of local currency, and the liquidity crisis of the British pound will definitely occur."

"How much money do you need?" Andre was moved.

Waltergu calculated for a while and said, "Seven billion, seven billion dollars, are enough, I am confident that I can use these funds to recover the losses."

"Okay, you can contact Adrian directly." Andre said, "Alian Insurance should have such a working capital, but this capital belongs to the group's capital. If it is lost, our Allian Capital Group will fall into a state of exhaustion of capital flow, which is extremely dangerous, so..."

"Waltergu, be cautious, you must be cautious!"

"I understand!" Waltergu nodded solemnly before hanging up the phone.

"Old guy, are you really going to fight back in the foreign exchange market?" Ampton stared at Waltergu seriously after he hung up the phone. "The foreign exchange market is dangerous. Among the major currencies in the world, the British pound is known as the "demon pound". Its trend is unpredictable and even more difficult to tame than gold."

"Is there any other way?" Waltergu smiled bitterly.

Ampton thought for a while and said, "You still can't trust that guy George Bruce? I feel that LME copper can't trap the opponent, so I chose a place where China Capital has no layout to hedge."

"I just think he's thinking too simple," said Waltergu. "But... I still hope he can succeed."

"If he can really pull back his disadvantages through LME copper and temporarily put the long and shorts into a deadlock again, that will help me a lot."

"The next Fed meeting is at the end of the year, and the Bank of England has just cut interest rates before."

"If we want to maintain currency stability, it dares not go further ahead of the Federal Reserve. If so, funds will inevitably flee wildly and the British economy will be in danger."

"Okay, I hope that's the case." Ampton nodded and said, "I hope both of us can escape unscathed, and this time it's no match for performance."

Waltergu laughed and said, "I will definitely get out of here."

After the failure of the bond market, Pacific Asset Management chose to use the foreign exchange market as a hedge counterattack point to make up for the losses, while 'Olan Capital' chose to believe George Bruce, give up the stock market that was unable to make up for the day, and use the main funds to use LME copper, launch a counterattack from here to make up for the losses.

Although the choices between the two parties are different, the purpose is the same.

After the European market closed, in North American market trading, "Olan Capital", Lloyds Bank, Adam Fund, HSBC, Standard Chartered, Rand Securities, Yingjie Investment and other joint main institutions, relevant investment leaders, met with each other and studied the next trading strategy.

In the end, each company issued another fund, totaling 6 billion pounds, and continued to invest in the LME copper battlefield.

I want to use this to turn the situation around and make up for the losses caused by short-selling in the stock market and bond markets.

After the implementation of Su Yue's secret recoupling, the use of small order recoupling was covered up among the many retail investors and hot investors who followed the trend to buy at the bottom and take profits, and did not continue to recoup on a large scale, so it did not attract the attention of these bulls' main players.

Everyone still thought that China Capital had a full short order and had already put its position to a very heavy level.

After all, LME copper plummeted all the way, with the main short sellers suppressing the huge amount of short orders and following up with huge numbers of short orders, which is obvious to everyone and cannot be faked.

The plunge continues during trading in North American markets.

After all, the historical highs, and the super negative news of the ‘sub-loan storm’ is not so easy to digest.

The next day, Wednesday, November 14th.

Nikkei, Hong Kong stocks, and A-shares continued to open sharply lower under the influence of US stocks. They fell intraday and hit a low point, but they all launched a shrinking rebound.

This proves that after the initial burst is released, there is a temporary buffering time.

As the market plummeted continuously, it deviated significantly from the moving average and various technical indicators, and also had a temporary rest and rebound demand, waiting for a second accumulation of strength.

Under such a situation, the bulls have a temporary chance to breathe.

George Bruce was waiting for this period of time, so when the Asian financial market rebounded during the session and finally closed with a long lower shadow.

As soon as the European financial trading market opened, he led the bulls and fought back.

After the stock market opened a little lower, because the short-term decline of financial stocks was too large, there was a demand for rebound, so it continued the trend at the end of yesterday's trading and launched a slow rebound.

Bond market, these three core main bonds are 326,413,419.

With the slightest relief of emotions and the willingness to maintain it, there was no panic drop in the market. It opened a little lower and fluctuated sideways.

LME copper closed near $7,600 yesterday.

After the opening of today, it continued to rebound and continued to move upward. With the main bulls of all parties led by George Bruce joining, the rebound trend became stronger and stronger, with a trend of upward recovery of US$7,700 and US$7,800.

After LME copper entered the main trading period in Europe, trading volume began to soar.

Su Yue began to instruct everyone to confuse their opponents in the form of "intermittent big sellers and continuous small order replenishment", and continue to let "Bentayga Capital", China's state-owned assets, and New York Bank and Miron lock in profits and recover funds in the continuous rebound of copper prices, and then wait for further changes in the situation.
Chapter completed!