花旗分析师:沃什或采取渐进方式缩减美联储资产负债表

GateNews

BlockBeats 消息,2 月 10 日,花旗集团的策略师表示,美联储主席提名人凯文·沃什可能会采取渐进方式来缩减央行 6.6 万亿美元的资产负债表,以避免重新点燃货币市场的紧张情绪。

花旗策略师 Alejandra Vazquez Plata 和 Jason Williams 认为,由沃什领导的美联储仍有选项来缩减其影响。通过将较长期限的国债持仓展期为短期债务,作为「阻力最小的路径」,可以缩短其持仓的加权平均期限。这位未来的主席可能在决策者中达成共识,同时优先争取委员会对降息的支持。

此外,美联储也可以选择降低每月约 400 亿美元的国库券购买速度,或完全停止购买。其他选项包括允许其持有的抵押贷款支持证券自然到期缩减。花旗预计附息债券发行的增加将在 2026 年 11 月开始,存在推迟至 2027 年 2 月的风险。(金十)

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