中资离岸债每日总结(10.21) | 中国银行(03988.HK)、中国能源建设(03996.HK)发行
Sou Hu Cai Jing·2025-10-22 03:23

Group 1 - Multiple Wall Street analysts predict that the Federal Reserve may announce the termination of its years-long balance sheet reduction plan at the upcoming meeting at the end of October [2] - Observers note that increasing friction in the money market could impact the achievement of inflation and employment dual targets, indicating a significant turning point for the Quantitative Tightening (QT) policy [2] - Analysts believe that halting QT to stop liquidity withdrawal during the Federal Open Market Committee (FOMC) meeting on October 28-29 would help ensure smooth technical operations of monetary policy [2] Group 2 - The rise in repo rates and the Secured Overnight Financing Rate (SOFR) confirms the existence of market friction [2] - The Federal Funds Rate target, which is the core rate of the Federal Reserve, continues to rise within the 4%-4.25% target range [2] - Federal Reserve Chairman Jerome Powell indicated on October 14 that QT might end in the "coming months," while also stating that the financial system still has ample liquidity [2]