1. The central bank's "balance sheet reduction" does not hinder the moderate easing of monetary policy. 2. Hong Kong Monetary Authority: The Ministry of Finance will issue 12.50 billion RMB government bonds in Hong Kong. 3. The cost of capital continues to decline, and the financing demand for securities companies to issue bonds continues to cool. 4. The proportion of bonds issued by private real estate enterprises increased in January, and the financing support policy continued to be implemente...
The Fed is in sight to end its balance sheet reduction, but the actual closing date depends on the pace of interest rate cuts and funding market pressures. Policymakers have hinted that the US Treasury reduction will be completed by the end of the year, and many on Wall Street believe that quantitative tightening (QT) is unlikely to end abruptly. But recent weak economic data and the risk of liquidity stress have cast uncertainty over the outlook. "If the Fed is going to stimulate the economy, i...