{"id":31344,"date":"2023-12-07T10:33:35","date_gmt":"2023-12-07T10:33:35","guid":{"rendered":"https:\/\/masterskills.org\/blog\/doi-tu-kiem-trai-phieu-bond-vigilante-la-gi-nhung-dac-diem-can-luu-y.html"},"modified":"2023-12-23T08:01:31","modified_gmt":"2023-12-23T01:01:31","slug":"doi-tu-kiem-trai-phieu-bond-vigilante-la-gi-nhung-dac-diem-can-luu-y","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/doi-tu-kiem-trai-phieu-bond-vigilante-la-gi-nhung-dac-diem-can-luu-y.html","title":{"rendered":"\u0110\u1ed9i t\u1ef1 ki\u1ec3m tr\u00e1i phi\u1ebfu (Bond Vigilante) l\u00e0 g\u00ec? Nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ea7n l\u01b0u \u00fd"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Marketwatch.com<\/p>\n<\/div>\n<\/div>\n

\u0110\u1ed9i t\u1ef1 ki\u1ec3m tr\u00e1i phi\u1ebfu<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

\u0110\u1ed9i t\u1ef1 ki\u1ec3m tr\u00e1i phi\u1ebfu<\/b>, ti\u1ebfng Anh g\u1ecdi l\u00e0 bond vigilante<\/b>.<\/p>\n

\u0110\u1ed9i t\u1ef1 ki\u1ec3m tr\u00e1i phi\u1ebfu<\/b> l\u00e0 nh\u1eefng ng\u01b0\u1eddi tham gia tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u00f3 kh\u1ea3 n\u0103ng t\u1ef1 \u0111i\u1ec1u h\u00f2a l\u00e3i su\u1ea5t b\u1eb1ng c\u00e1ch mua hay b\u00e1n tr\u00e1i phi\u1ebfu, d\u1ef1a theo nh\u1eadn \u0111\u1ecbnh v\u1ec1 gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i c\u1ee7a h\u1ecd. Nh\u00e0 kinh t\u1ebf h\u1ecdc Ed Yardeni t\u1eebng n\u00f3i tr\u00ean Bloomberg r\u1eb1ng: “N\u1ebfu nh\u1eefng \u1ee7y ban t\u00e0i ch\u00ednh v\u00e0 ti\u1ec1n t\u1ec7 kh\u00f4ng \u0111i\u1ec1u ti\u1ebft \u0111\u01b0\u1ee3c n\u1ec1n kinh t\u1ebf, th\u00ec \u0111\u1ed9i t\u1ef1 ki\u1ec3m tr\u00e1i phi\u1ebfu s\u1ebd l\u00e0m vi\u1ec7c \u0111\u00f3.”<\/p>\n

Hi\u1ec3u r\u00f5 h\u01a1n v\u1ec1 \u0111\u1ed9i t\u1ef1 ki\u1ec3m tr\u00e1i phi\u1ebfu<\/font><\/h3>\n

Tr\u00e1ch nhi\u1ec7m c\u1ee7a ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng l\u00e0 thi\u1ebft l\u1eadp l\u00e3i su\u1ea5t qua \u0111\u00eam ng\u1eafn h\u1ea1n, l\u00e0 m\u1ee9c l\u00e3i su\u1ea5t m\u00e0 tr\u00ean l\u00ed thuy\u1ebft c\u00e1c c\u00f4ng c\u1ee5 kh\u00e1c s\u1ebd d\u1ef1a theo. Tuy nhi\u00ean, nh\u1eefng nh\u00e0 ho\u1ea1ch \u0111\u1ecbnh ch\u00ednh s\u00e1ch \u0111\u00f4i khi c\u00f3 th\u1ec3 m\u1eafc sai l\u1ea7m ho\u1eb7c \u0111\u01b0a ra c\u00e1c qui \u0111\u1ecbnh kh\u00f4ng d\u1ef1a tr\u00ean c\u01a1 s\u1edf d\u1eef li\u1ec7u th\u1ef1c (nh\u01b0 vi\u1ec7c b\u1ecb \u00e1p l\u1ef1c ch\u00ednh tr\u1ecb).<\/p>\n

V\u00ed d\u1ee5, l\u00e3i su\u1ea5t \u0111\u01b0\u1ee3c thi\u1ebft l\u1eadp qu\u00e1 th\u1ea5p s\u1ebd d\u1eabn \u0111\u1ebfn l\u01b0\u1ee3ng c\u1ea7u vay v\u1ed1n t\u1eeb c\u00e1c c\u00f4ng ty c\u00f4ng ch\u00fang v\u00e0 c\u00f4ng ty t\u01b0 nh\u00e2n gia t\u0103ng. \u0110i\u1ec1u n\u00e0y c\u00f3 th\u1ec3 d\u1eabn \u0111\u1ebfn t\u0103ng chi ti\u00eau, t\u0103ng l\u1ea1m ph\u00e1t do gi\u00e1 c\u1ea3 b\u1ecb \u0111\u1ea9y l\u00ean. N\u00f3 s\u1ebd g\u00e2y b\u1ea5t l\u1ee3i \u0111\u1ebfn nh\u1eefng ch\u1ee9ng kho\u00e1n c\u00f3 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh v\u00ec nh\u1eefng kho\u1ea3n chi tr\u1ea3 c\u1ed1 \u0111\u1ecbnh s\u1ebd b\u1ecb m\u1ee9c l\u1ea1m ph\u00e1t cao \u0103n m\u00f2n v\u00e0 l\u00e0m gi\u1ea3m gi\u00e1 tr\u1ecb c\u1ee7a ch\u1ee9ng kho\u00e1n \u0111\u00f3.<\/p>\n

Nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00e1i phi\u1ebfu l\u00fac n\u00e0y s\u1ebd b\u00e1n tr\u00e1i phi\u1ebfu \u0111i nh\u01b0 m\u1ed9t c\u00e1ch y\u00eau c\u1ea7u ph\u1ea3i c\u00f3 \u0111\u01b0\u1ee3c l\u1ee3i \u00edch t\u1ed1t h\u01a1n \u0111\u1ec3 h\u1ecd ti\u1ebfp t\u1ee5c n\u1eafm gi\u1eef tr\u00e1i phi\u1ebfu. Vi\u1ec7c b\u00e1n s\u1ebd khi\u1ebfn gi\u00e1 tr\u00e1i phi\u1ebfu gi\u1ea3m v\u00e0 l\u00e3i su\u1ea5t t\u0103ng. Hi\u1ec7u \u1ee9ng t\u1ef1 \u0111i\u1ec1u ch\u1ec9nh n\u00e0y s\u1ebd l\u00e0m t\u0103ng chi ph\u00ed vay v\u00e0 gi\u1ea3m nhu c\u1ea7u t\u00edn d\u1ee5ng xu\u1ed1ng. V\u00e0 h\u1ecd \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 \u0111\u1ed9i t\u1ef1 ki\u1ec3m tr\u00e1i phi\u1ebfu<\/b>.<\/p>\n

\u0110\u01b0\u1eddng cong l\u00e3i su\u1ea5t \u0111\u1ea3o ng\u01b0\u1ee3c<\/font><\/h3>\n

T\u01b0\u01a1ng t\u1ef1 nh\u01b0 tr\u00ean, l\u00e3i su\u1ea5t qu\u00e1 cao c\u0169ng s\u1ebd \u1ea3nh h\u01b0\u1edfng b\u1ea5t l\u1ee3i \u0111\u1ebfn nhu c\u1ea7u vay v\u1ed1n. Khi c\u00f4ng ch\u00fang \u0111\u1ea7u t\u01b0 nh\u1eadn th\u1ee9c r\u1eb1ng l\u00e3i su\u1ea5t m\u00e0 ng\u00e2n h\u00e0ng trung \u01b0\u01a1ng thi\u1ebft l\u1eadp \u0111ang qu\u00e1 cao, m\u1ed9t \u0111\u01b0\u1eddng cong l\u00e3i su\u1ea5t \u0111\u1ea3o ng\u01b0\u1ee3c s\u1ebd x\u1ea3y ra. \u0110\u00e2y l\u00e0 khi l\u00e3i su\u1ea5t c\u1ee7a tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n th\u1ea5p h\u01a1n l\u00e3i su\u1ea5t c\u1ee7a tr\u00e1i phi\u1ebfu ng\u1eafn h\u1ea1n.<\/p>\n

T\u1ea1i nh\u1eefng ng\u00e2n h\u00e0ng, n\u01a1i m\u00e0\u00a0m\u00f4 h\u00ecnh kinh doanh\u00a0l\u00e0 huy \u0111\u1ed9ng ti\u1ec1n g\u1eedi ng\u1eafn h\u1ea1n v\u00e0 cho vay v\u1edbi l\u00e3i su\u1ea5t cao h\u01a1n \u0111\u1ec3 h\u01b0\u1edfng l\u1ee3i nhu\u1eadn t\u1eeb kho\u1ea3n ch\u00eanh l\u1ec7ch, s\u1ebd g\u1eb7p kho kh\u0103n trong vi\u1ec7c t\u1ea1o ra l\u1ee3i nhu\u1eadn r\u00f2ng trong m\u1ed9t m\u00f4i tr\u01b0\u1eddng nh\u01b0 th\u1ebf n\u00e0y. Khi vi\u1ec7c cho vay b\u1ecb h\u1ea1n ch\u1ebf, v\u1ed1n v\u00e0 thanh kho\u1ea3n c\u1ea1n ki\u1ec7t, n\u1ec1n kinh t\u1ebf s\u1ebd b\u1ecb \u0111\u00ecnh tr\u1ec7.<\/p>\n

\u0110\u00e2y c\u0169ng l\u00e0 l\u00ed do v\u00ec sao \u0111\u01b0\u1eddng cong l\u00e3i su\u1ea5t \u0111\u1ea3o ng\u01b0\u1ee3c l\u00e0 d\u1ea5u hi\u1ec7u b\u00e1o \u0111\u1ed9ng m\u1ed9t cu\u1ed9c suy tho\u00e1i \u0111ang \u0111\u1ebfn g\u1ea7n. Nh\u01b0ng kh\u00f4ng ph\u1ea3i \u0111\u01b0\u1eddng cong l\u00e3i su\u1ea5t \u0111\u1ea3o ng\u01b0\u1ee3c n\u00e0o c\u0169ng d\u1eabn \u0111\u1ebfn m\u1ed9t cu\u1ed9c suy tho\u00e1i. T\u1ea1i M\u1ef9, n\u0103m cu\u1ed9c suy tho\u00e1i g\u1ea7n \u0111\u00e2y nh\u1ea5t \u0111i c\u00f9ng v\u1edbi t\u00e1m l\u1ea7n \u0111\u01b0\u1eddng cong l\u00e3i su\u1ea5t \u0111\u1ea3o ng\u01b0\u1ee3c.<\/p>\n

(Theo Daytrading.com<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n \u0110\u1ed9i t\u1ef1 ki\u1ec3m tr\u00e1i phi\u1ebfu (ti\u1ebfng Anh: Bond vigilante) l\u00e0 nh\u1eefng ng\u01b0\u1eddi tham gia tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u00f3 kh\u1ea3 n\u0103ng t\u1ef1 \u0111i\u1ec1u h\u00f2a l\u00e3i su\u1ea5t b\u1eb1ng c\u00e1ch mua hay b\u00e1n tr\u00e1i phi\u1ebfu, d\u1ef1a theo nh\u1eadn \u0111\u1ecbnh v\u1ec1 gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i c\u1ee7a h\u1ecd.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31344"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=31344"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31344\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}