记录一下第23批DIY了字幕但不再单独截图的片子，每个附上目前imdb的得分及其票数：
Familiars (2021) 巫使 3.1/25
Hands Up (2021) 举起手来 2.8/89
It Came from Below (2021) 它自地底来 3.5/85
Karen (2021) 抹黑任务 2.8/624
Party from Hell (2021) 来自地狱的派对 4.9/29
Pick a Side (2021) 选边 4.3/25
Synapse (2021) 突触 4.8/53
Ted Bundy (2021) 泰德·邦迪 3.8/238
The Evening Hour (2020) 傍晚时分 5.8/156
#电影大盘点# #电影推荐# #大V荐电影#
反复重申：老夫是自娱自乐，不提供片源，DIY的字幕也不上传～
本人不属于任何字幕组，也不做什么公众号或者网站，特此声明！
Familiars (2021) 巫使 3.1/25
Hands Up (2021) 举起手来 2.8/89
It Came from Below (2021) 它自地底来 3.5/85
Karen (2021) 抹黑任务 2.8/624
Party from Hell (2021) 来自地狱的派对 4.9/29
Pick a Side (2021) 选边 4.3/25
Synapse (2021) 突触 4.8/53
Ted Bundy (2021) 泰德·邦迪 3.8/238
The Evening Hour (2020) 傍晚时分 5.8/156
#电影大盘点# #电影推荐# #大V荐电影#
反复重申：老夫是自娱自乐，不提供片源，DIY的字幕也不上传～
本人不属于任何字幕组，也不做什么公众号或者网站，特此声明！
主权信用：国际货币基金组织的贸易。
Sovereign credit: IMF trade.
1. With the SDR allocation done and a reallocation set to take much longer, focus will return to the conditional IMF lending.
Heading into September, we see risk/reward as attractive in Argentina, El Salvador and Jordan, fair in Ecuador, Ukraine and Egypt and negative in Costa Rica.
2. Everyone likes 'free money', yet once conditionalities are added it gets much harder.
① The IMF has so far only disbursed a total of US$5.7 billion to EMBI sovereigns in 2021.
② The key problem is that meeting programme conditionalities is difficult when domestic political demands pull fiscals and reforms the other way.
③ Overall, we expect progress to remain slow on the traditional programmes despite the high funding needs.
3. IMF clearly matters for the asset class just by looking at size...
① 25% of EMBI credits are under some type of IMF programme.
② Looking across single B and below rated credits in the EMBI, 48% of the market cap are currently engaged with the IMF to various extents.
③ Indeed, of these 35 single B and below rated credits, only five have had no IMF programme in the past 20 years.
4. ...yet investor positioning and valuations also follow:
① We break the IMF credits into three groups, in addition to those with past programmes – those on track, the laggards and the aspiring IMF credits.
② Investors are today most OW the ones with past IMF programmes or those that are live but lagging.
③ Looking at prior programmes since 2009 shows a clear tendency for spreads to tighten a couple of months prior to a programme beginning in anticipation of a deal.
5. Strategy implications:
① Tracking compliance and new programme probability are key to alpha.
② Heading into September, we see attractive risk/reward in Argentina, El Salvador and Jordan.
③ Jordan is the safer bet as IMF support stays yet we think that the market is underpricing chances of a new IMF programme in El Salvador. https://t.cn/8sZiLO2
Sovereign credit: IMF trade.
1. With the SDR allocation done and a reallocation set to take much longer, focus will return to the conditional IMF lending.
Heading into September, we see risk/reward as attractive in Argentina, El Salvador and Jordan, fair in Ecuador, Ukraine and Egypt and negative in Costa Rica.
2. Everyone likes 'free money', yet once conditionalities are added it gets much harder.
① The IMF has so far only disbursed a total of US$5.7 billion to EMBI sovereigns in 2021.
② The key problem is that meeting programme conditionalities is difficult when domestic political demands pull fiscals and reforms the other way.
③ Overall, we expect progress to remain slow on the traditional programmes despite the high funding needs.
3. IMF clearly matters for the asset class just by looking at size...
① 25% of EMBI credits are under some type of IMF programme.
② Looking across single B and below rated credits in the EMBI, 48% of the market cap are currently engaged with the IMF to various extents.
③ Indeed, of these 35 single B and below rated credits, only five have had no IMF programme in the past 20 years.
4. ...yet investor positioning and valuations also follow:
① We break the IMF credits into three groups, in addition to those with past programmes – those on track, the laggards and the aspiring IMF credits.
② Investors are today most OW the ones with past IMF programmes or those that are live but lagging.
③ Looking at prior programmes since 2009 shows a clear tendency for spreads to tighten a couple of months prior to a programme beginning in anticipation of a deal.
5. Strategy implications:
① Tracking compliance and new programme probability are key to alpha.
② Heading into September, we see attractive risk/reward in Argentina, El Salvador and Jordan.
③ Jordan is the safer bet as IMF support stays yet we think that the market is underpricing chances of a new IMF programme in El Salvador. https://t.cn/8sZiLO2
【#多地气温有望创下半年来新低# 你们那里凉了吗？】Rain is expected to continue in North and Northeast China, with cold air forecast to drive away the heat and drag temperatures below 15 C this week. 据中国天气网消息，9月6日开始，#多地迎下半年来最凉一天#，在冷空气影响下，6日华北至东北一带最高气温普遍25℃左右，甚至更低！而在东北一带，还有阴雨天气相伴，冷意会更加上头，像哈尔滨、长春、沈阳过几天最低气温都将跌到15℃以下。
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