美联储最新调查：美国国债和股票市场的流动性很低，而且在4月份进一步恶化，不过市场运作仍保持有序。

Core Insights - The latest Federal Reserve survey indicates that liquidity in the U.S. Treasury and stock markets is very low, and it has further deteriorated in April, although market operations remain orderly [1] Group 1 - The liquidity situation in the U.S. Treasury market is reported to be low, which may impact trading and investment strategies [1] - The stock market is also experiencing low liquidity, suggesting potential challenges for investors looking to enter or exit positions [1] - Despite the low liquidity levels, the overall market operations are described as remaining orderly, indicating some resilience in the market structure [1]