【券商聚焦】巴克萊：聯儲局縮表將耗時多年，或需降息來抵消金融環境收緊

金吾財訊

02/11

金吾財訊 | 巴克萊策略師表示，聯儲局向更小規模的資產負債表過渡，將需要央行與財政部之間進行密切協調，以防止市場波動過大。他們寫道，這一過程將導致金融環境收緊，而曾呼籲大幅削減規模達6.6萬億美元資產組合的聯儲局主席提名人凱文·沃什，可能不得不通過更低的政策利率來對沖這種收緊。巴克萊策略師Anshul Pradhan、Samuel Earl和Demi Hu寫道：「資產負債表正常化將是一個持續多年的過程。」他們補充稱：「鑑於沃什希望縮表，以及聯儲局與財政部的目標並不總是同步，投資者很可能會在這個轉換過程中要求風險溢價。」

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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