{"id":16895,"date":"2022-05-04T00:57:06","date_gmt":"2022-05-03T16:57:06","guid":{"rendered":"https:\/\/www.tejwin.com\/?post_type=insight&#038;p=16895"},"modified":"2023-08-17T14:21:50","modified_gmt":"2023-08-17T06:21:50","slug":"the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks","status":"publish","type":"insight","link":"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/","title":{"rendered":"The relationship between the yield rate of U.S. bonds and Taiwan stocks"},"content":{"rendered":"\n<p id=\"4c5a\">Analyze the relationship between U.S. Treasuries and different types of Taiwan stocks.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter caption-align-center\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1YveJdCoiZAwvxxIp8M_47A.png\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo by&nbsp;<a href=\"https:\/\/unsplash.com\/@alinnnaaaa\" rel=\"noreferrer noopener\" target=\"_blank\">Alina<\/a>&nbsp;on&nbsp;<a href=\"https:\/\/unsplash.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a05b1d688db0\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a05b1d688db0\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#Highlights\" >Highlights<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#Preface\" >Preface<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#The_Editing_Environment_and_Modules_Required\" >The Editing Environment and Modules Required<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#Database\" >Database<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#US_Debt_Yield_Ratio\" >U.S. Debt Yield Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#Taiwan_stock_data\" >Taiwan stock data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#Model_adaptation_process\" >Model adaptation process<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#The_model_results_illustrate\" >The model results illustrate.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#Source_Code\" >Source Code<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#Extended_Reading\" >Extended Reading<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tejwin.com\/en\/insight\/the-relationship-between-the-yield-rate-of-u-s-bonds-and-taiwan-stocks\/#Related_Link\" >Related Link<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\" id=\"4db6\"><span class=\"ez-toc-section\" id=\"Highlights\"><\/span><strong>Highlights<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Difficulty\uff1a\u2605\u2606\u2606\u2606\u2606<\/li>\n\n\n\n<li>We use the regression model to find the relationship between the change in the yield of U.S. Treasuries and the Taiwan stock market, electronic stocks, financial stocks, and high dividend stocks.<\/li>\n\n\n\n<li>Advice: In terms of models, this article will not delve into the architectural composition, only analyze the information that the model results let us understand, so readers need to have a basic concept of the statistical model; in addition,&nbsp;<strong><em>the fund target mentioned in this article is for illustrative purposes only and does not represent any financial product recommendation or recommendation.<\/em><\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"14d7\"><span class=\"ez-toc-section\" id=\"Preface\"><\/span><strong>Preface<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"1deb\">Raw material prices soaring, inflation and interest rate increases are the main issues in the financial market this year. The news media often report that the recent decline in Taiwan\u2019s stock market is related to international capital flows, so this article takes this as a starting point to analyze the relationship between Taiwan\u2019s stock market and the U.S. bond yield through statistical methods.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"1d11\"><span class=\"ez-toc-section\" id=\"The_Editing_Environment_and_Modules_Required\"><\/span><strong>The Editing Environment and Modules Required<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"9805\">This article uses MacOS and uses Jupyter Notebook as the editor.<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\"># Basic<br>import numpy as np<br>import pandas as pd# TEJ API<br>import tejapi<br>tejapi.ApiConfig.api_key = 'Your Key'<br>tejapi.ApiConfig.ignoretz = True<\/pre>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"3f83\"><span class=\"ez-toc-section\" id=\"Database\"><\/span><strong>Database<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"973d\"><a href=\"https:\/\/api.tej.com.tw\/columndoc.html?subId=6\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>General Economic Statement Table<\/strong><\/a><strong>:<\/strong>&nbsp;The description table is used for the accounts of the overall economic table. The data code is (GLOBAL\/ABMAR).<\/p>\n\n\n\n<p id=\"aab9\"><a href=\"https:\/\/api.tej.com.tw\/columndoc.html?subId=5\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Overall Economic Table<\/strong><\/a><strong>:&nbsp;<\/strong>The overall economic indicators issued by the government department. Including the IMF and OECD, as well as related professional publications. The data code is (GLOBAL\/ANMAR).<\/p>\n\n\n\n<p id=\"98ea\"><a href=\"https:\/\/api.tej.com.tw\/columns.html?idCode=TWN%2FAAPRCM1\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Listed (Counter)<\/strong><\/a><strong>&nbsp;<\/strong><a href=\"https:\/\/api.tej.com.tw\/columns.html?idCode=TWN%2FAAPRCM1\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Adjusted Share Price<\/strong><\/a><strong>&nbsp;<\/strong><a href=\"https:\/\/api.tej.com.tw\/columns.html?idCode=TWN%2FAAPRCM1\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>(Monthly)&nbsp;<\/strong><\/a><strong>\u2014&nbsp;<\/strong><a href=\"https:\/\/api.tej.com.tw\/columns.html?idCode=TWN%2FAAPRCM1\" rel=\"noreferrer noopener\" target=\"_blank\"><strong>Ex-Dividend Adjustment<\/strong><\/a><strong>:<\/strong>&nbsp;Monthly Information on Listed Securities and Indices (TSE and OTC). The data code is (TWN\/AAPRCM1).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"31d2\"><span class=\"ez-toc-section\" id=\"US_Debt_Yield_Ratio\"><\/span><strong>U.S. Debt Yield Ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"b297\">Step 1. Read the data name and code id<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">factor_macro = tejapi.get('GLOBAL\/ABMAR',<br>                opts={'columns': ['coid','mdate', 'ename', 'freq']},<br>                paginate=True)select_1 = list(factor_macro['ename'][i] for i in range(0,6214) if 'Yeild' in factor_macro.iloc[i,2])<\/pre>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/15ZIIqvVztctHYXtiMtxS2A.png\" alt=\"\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1fGUXZo3d-B-v2u_-zDpI1g.png\" alt=\"\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1jNmoQlidi-AkT4rKjNYfhw.png\" alt=\"\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1PleROZMUwRPvTLLSfEhYUw.png\" alt=\"\"\/><\/figure>\n\n\n\n<p id=\"a908\">The above process begins by reading the names of all the general economic database data and setting conditions in Chinese. We use the name contains \u201c\u6b96\u5229\u7387\u201d(yield) to Filter out the \u201c\u7f8e\u570b\u5341\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u201d(yield rate of the United States 10-year Treasury).<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">factor_macro[factor_macro['ename'] == '10 Years Government Bond Yields(Long Term) - U.S.A.']<\/pre>\n\n\n\n<p id=\"e0ab\">By setting the condition of the full Chinese name, we can find the data\u2019s coid(code id) \u2014 CA15.<\/p>\n\n\n\n<p id=\"6f9b\">Step 2. Read the U.S. Treasury yield data<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">yield_10yr = tejapi.get('GLOBAL\/ANMAR',<br>                    mdate={'gte': '2020-01-01', 'lte':'2022-03-01'},<br>                    opts={'columns': ['mdate', 'val']},<br>                    coid = 'CA15',<br>                    chinese_column_name=True,<br>                    paginate=True)<br>yield_10yr = yield_10yr.rename(columns = {'\u6578\u503c':'yield_10yr'})<br>yield_10yr.head()<\/pre>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/15NjDGrCTaxrt5V-_cDXuww.png\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"f62b\"><span class=\"ez-toc-section\" id=\"Taiwan_stock_data\"><\/span><strong>Taiwan stock data<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"2dd0\">Step 1. Read indexes, fund remuneration data<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">index_list = ['Y9997', '0053', '0055', '0056']index_data = tejapi.get('TWN\/APRCM',<br>               coid = index_list,<br>               mdate= {'gte': '2020-01-01', 'lte': '2022-03-01'},<br>               opts={'columns': ['coid', 'mdate', 'roi']},<br>               paginate = True,<br>               chinese_column_name = True)<\/pre>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1vkCpZanPJfGYw2739wPe_A.png\" alt=\"\"\/><\/figure>\n\n\n\n<p id=\"11c7\">This article selects the Y9997 remuneration index as a representative of the Taiwan stock market. 0053 is a fund for electronic stocks; 0055 is a financial stock fund. Furthermore, 0056 is a high-dividend stock fund.<\/p>\n\n\n\n<p id=\"dd41\">Note: 0056 is not a pure conventional industry fund; its main constituent stocks also contain high yield targets in electronic shares.<\/p>\n\n\n\n<p id=\"d793\">Step 2. Data Arrangement.<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">index_data = index_data.set_index('\u5e74\u6708')roi = {}for i in index_list:<br>    r = index_data[index_data['\u8b49\u5238\u4ee3\u78bc'] == i]<br>    r = r['\u5831\u916c\u7387\uff05_\u6708']<br>    roi.setdefault(i, r)roi = pd.concat(roi, axis = 1).reset_index()<br>roi.head()<\/pre>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/13jbcLVJeIP0yJcErEG_2rw.png\" alt=\"\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"5a11\"><span class=\"ez-toc-section\" id=\"Model_adaptation_process\"><\/span><strong>Model adaptation process<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"2fca\">Step 1. Data Consolidation<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">final = pd.merge(roi, yield_10yr, how = 'inner', on = ['\u5e74\u6708'])<br>final = final.rename(columns = {'Y9997':'\u53f0\u7063\u5927\u76e4', '0053':'\u96fb\u5b50\u80a1', '0055':'\u91d1\u878d\u80a1', '0056':'\u9ad8\u80a1\u606f'})<br>final.head()<\/pre>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1eNCuPm3ywzUFI4na3m-18Q.png\" alt=\"\"\/><\/figure>\n\n\n\n<p id=\"7ff9\">Step 2. Model Adaptation<\/p>\n\n\n\n<pre class=\"wp-block-preformatted\">import statsmodels.formula.api as smf<br>from statsmodels.stats.anova import anova_lmfor i in list(final.columns)[1:5]:<br>    data = pd.DataFrame(final[[i, 'yield_10yr']])<br>    mdl = smf.ols(i + ' ~ yield_10yr', data=data).fit()<br>    print(i)<br>    print()<br>    print(mdl.summary())<br>    print()<\/pre>\n\n\n\n<p id=\"98ed\">First, the names of each type of index or fund in the final table are obtained through \u201clist ( final.columns ) [ 1:5 ]\u201d and then put into the for-loop. Take each U.S. 10-year Treasury yield for adapting, and the following will explain the model results one by one.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"8fbc\"><span class=\"ez-toc-section\" id=\"The_model_results_illustrate\"><\/span><strong>The model results illustrate.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1_1dz7fUtfQfdqERsu_JP6NbA.png\" alt=\"\"\/><\/figure>\n\n\n\n<p id=\"37af\">First, we can see the interpretation variable column of the 10-year bond yield (the red box). In the coefficient column, you can know that the two data are negatively correlated; and by the P value of 0.169, you can confidently judge that its role in the Taiwan stock market is not significant; in addition, the R\u00b2 (the blue box) of 0.074 also indicates that the interpretation ability is quite insufficient.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1_1TdTkY6Nxk5O1C5HHVMxADA.png\" alt=\"\"\/><\/figure>\n\n\n\n<p id=\"fb1f\">In the interpretation variable field (the red box), it can be understood that the two data are also negatively correlated, and the P value of 0.042 can be judged that the performance of the U.S. Treasury yield on Taiwan electronic stocks is significant. However, it does not reach the highest standard of 0.01, so considering the R\u00b2 (the blue box) is 0.156. It is inferred that the explanatory variable has a slight explanatory strength.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1_1GV6SHY9RVQqdiXpIfw2egg.png\" alt=\"\"\/><\/figure>\n\n\n\n<p id=\"499e\">In the interpretation variable field (the red box), it can be understood that the two data are positively correlated; and the P value of 0.357 can be confidently judged that its effect on the Taiwan stock market is insignificant. In addition, the R\u00b2 (the blue box) of 0.034 also indicates that the interpretation ability is quite insufficient.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/1_1K_bJum_z6v3I5x03Q8Er3A.png\" alt=\"\"\/><\/figure>\n\n\n\n<p id=\"ce90\">In the interpretation variable field (the red box), it can be understood that the two data are negatively correlated; and the P value of 0.622 can be confidently judged that its role in the Taiwan stock market is insignificant. In addition, the R\u00b2 (the blue box) of 0.010 also indicates that the interpretation ability is quite insufficient.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"7731\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p id=\"cced\">Through the above model results, I believe that readers can know that in addition to electronic related stocks, the interpretation ability of U.S. treasury yields for Taiwan\u2019s broader market, financial stocks, and high dividend targets has not reached a certain level. However, this does not mean that Taiwan stock investors can ignore the overall economic or monetary policy of the Federal Reserve. After all, as a world economic leader, its general economic situation and the central bank\u2019s attitude will still affect the flow of international funds. Taiwan is absolutely no exception because the central axis of Taiwan\u2019s industrial development is electronic technology stocks. The impact of U.S. bond yields on this ethnic group can also be observed from the statements, which reminds us that in the environment of inflation and interest rate increase issues this year. As Taiwan stock investors, we need to pay more attention to the industrial and economic trends in the United States. Therefore, we welcome readers to continue to pay attention to this platform, and there will be more articles on the impact of the overall economy on the stock market. In addition, readers are also welcome to choose the plan in&nbsp;<a href=\"https:\/\/eshop.tej.com.tw\/E-Shop\/index\" rel=\"noreferrer noopener\" target=\"_blank\">the TEJ E Shop<\/a>. I believe that readers can quickly grasp the market trend after having a complete database.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"511a\"><span class=\"ez-toc-section\" id=\"Source_Code\"><\/span><strong>Source Code<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/gist.github.com\/tej87681088\/5eebfa8d0004ce74db74dd09b09904d1#file-tejapi_medium-14-ipynb\" class=\"ek-link\" target=\"_blank\" rel=\"noopener\">Click here to go Github<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"761e\"><span class=\"ez-toc-section\" id=\"Extended_Reading\"><\/span><strong>Extended Reading<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.tejwin.com\/en\/insight\/yeld-curve-inversion\/\" class=\"ek-link\">yield curve inversion<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.tejwin.com\/en\/insight\/svm-model\/\" class=\"ek-link\">SVM Model<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"6f81\"><span class=\"ez-toc-section\" id=\"Related_Link\"><\/span><strong>Related Link<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/api.tej.com.tw\/index.html\" rel=\"noreferrer noopener\" target=\"_blank\">TEJ API<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/eshop.tej.com.tw\/E-Shop\/Edata_intro\" rel=\"noreferrer noopener\" target=\"_blank\">TEJ E-Shop<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Analyze the relationship between U.S. Treasuries and different types of Taiwan stocks. Highlights Preface Raw material prices soaring, inflation and interest rate increases are the main issues in the financial market this year. The news media often report that the recent decline in Taiwan\u2019s stock market is related to international capital flows, so this article [&hellip;]<\/p>\n","protected":false},"featured_media":16897,"template":"","tags":[2921,2371,3005],"insight-category":[690,50,3509],"class_list":["post-16895","insight","type-insight","status-publish","has-post-thumbnail","hentry","tag-electronic-stocks","tag-python","tag-tejapi-application","insight-category-data-analysis","insight-category-fintech","insight-category-fintech-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/16895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/types\/insight"}],"version-history":[{"count":0,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/16895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media\/16897"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=16895"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=16895"},{"taxonomy":"insight-category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight-category?post=16895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}