CICC released a research report saying that according to CME data, the current market expects the probability of interest rate hikes in September to be close to 90%. The US bond market is also raising prices and interest rates. The bank believes that raising interest rates is not necessarily a bad thing, unless it is a continuous rate hike; conversely, not raising interest rates is not necessarily a good thing. In terms of key assets, apart from the relatively optimistic US stocks, the rest of the assets have been fully included in the September interest rate hike expectations. US debt: Interest rates on short-term bonds rise, long-term debt maturity premiums fall first, and even long-term bonds as a whole may gradually peak and fall; US stocks: not pessimistic, short-term disturbances or even provide better buying points; US dollars: if the Fed raises interest rates, it will support the US dollar, and vice versa; gold: there is more room for no interest rate hike than interest rate hikes. Currently, there is more room for upward uncertainty.

CICC released a research report saying that according to CME data, the current market expects the probability of interest rate hikes in September to be close to 90%. The US bond market is also raising prices and interest rates. The bank believes that raising interest rates is not necessarily a bad thing, unless it is a continuous rate hike; conversely, not raising interest rates is not necessarily a good thing. In terms of key assets, apart from the relatively optimistic US stocks, the rest of the assets have been fully included in the September interest rate hike expectations. US debt: Interest rates on short-term bonds rise, long-term debt maturity premiums fall first, and even long-term bonds as a whole may gradually peak and fall; US stocks: not pessimistic, short-term disturbances or even provide better buying points; US dollars: if the Fed raises interest rates, it will support the US dollar, and vice versa; gold: there is more room for no interest rate hike than interest rate hikes. Currently, there is more room for upward uncertainty.