美国债市年末焦虑缓解：美联储举措舒缓资金压力

Core Viewpoint - The year-end anxiety in the U.S. Treasury market is easing due to the Federal Reserve's actions, which are expected to stabilize the market [1] Group 1: Federal Reserve Actions - The Federal Reserve announced the purchase of short-term Treasury bills to manage cash and control interest rate targets, leading to a significant decrease in the pricing of the year-end repurchase market [1] - Analysts believe that the Federal Reserve has the tools to prevent severe fluctuations in interest rates, and a repeat of the market volatility seen in September 2019 is not expected [1] Group 2: Market Implications - The Federal Reserve's measures are anticipated to alleviate year-end funding pressures, potentially reducing the demand for Treasury securities from private investors by 2026, which would support bond prices and lower yields [1] - The actions taken by the Federal Reserve are expected to ease the supply pressure on debt instruments [1]