中文版

国债期货什么情况下会下跌？

国债期货是一种金融衍生品，其价格受到多种因素的影响。在某些情况下，国债期货的价格可能会下跌。以下是可能导致国债期货价格下跌的一些情况：

利率上升：国债期货的价格与利率呈负相关关系。当市场利率上升时，国债期货的价格往往会下跌。因为国债的固定收益相对于市场利率的吸引力减弱，投资者更愿意购买其他高利率的投资产品。

经济增长预期改善：当经济增长预期改善时，投资者通常会转向风险更高的投资品种，例如股票。这种情况下，国债期货的需求减少，价格可能下跌。

通胀压力上升：通胀压力上升意味着货币的购买力下降，投资者对固定收益的国债需求减少。这可能导致国债期货价格下跌。

市场恐慌情绪：在市场恐慌情绪蔓延的情况下，投资者通常会抛售资产以规避风险。国债期货作为相对安全的投资品种，可能也会受到抛售压力，导致价格下跌。

英文版

When Will Government Bond Futures Fall?

Government bond futures are a type of financial derivative, and their prices are influenced by various factors. Under certain circumstances, the price of government bond futures may decline. Here are some situations that may lead to a decrease in the price of government bond futures:

Rising Interest Rates: The price of government bond futures has a negative correlation with interest rates. When market interest rates rise, the price of government bond futures tends to fall. This is because the fixed income of government bonds becomes less attractive relative to market interest rates, and investors are more willing to purchase other higher-interest investment products.

Improved Economic Growth Expectations: When economic growth expectations improve, investors typically shift towards higher-risk investment classes such as stocks. Under such circumstances, demand for government bond futures decreases, potentially leading to a fall in prices.

Rising Inflationary Pressures: Rising inflationary pressures indicate a decline in the purchasing power of currency, reducing demand for fixed-income government bonds. This can potentially lead to a decrease in the price of government bond futures.

Market Panic: During periods of widespread market panic, investors typically sell off assets to avoid risk. Government bond futures, being a relatively safe investment class, may also face selling pressure, resulting in a decline in prices.