巴克莱：预计美联储将提前扩表，明年2月开始购买国库券

Core Insights - Barclays strategists expect the Federal Reserve to begin purchasing Treasury securities in February next year, following indications from key Fed officials about expanding the balance sheet [1] - The anticipated asset purchases are seen as a risk management strategy rather than a shift in monetary policy stance, with a focus on maintaining reserve levels in line with economic growth [1] Summary by Categories - Federal Reserve Actions - The Federal Reserve is likely to announce asset purchases at the January meeting, starting at a pace of $15 billion per month [1] - Recent comments from New York Fed President John Williams and other officials suggest that the purchases aim to align reserves with economic growth [1] - Market Implications - The market's attention to repo rates has influenced the Fed's decision-making process, leading to an earlier-than-expected start to asset purchases [1]