美国流动性短缺,回购市场压力加剧

第一财经
Oct 19, 2025

10月17日这个普通的周五,全球金融市场笼罩在层层阴霾之中。美国流动性短缺问题日益严峻,回购市场压力不断升级,担保隔夜融资利率(SOFR)利差创下自2019年以来的新高。与此同时,美国银行股尤其是区域银行股遭遇重挫,引发市场对潜在信用事件的担忧。当前的市场环境让人联想到2019年的回购市场危机和2023年的区域银行危机。当时,流动性短缺导致短期融资成本飙升,银行体系脆弱性暴露无遗。如今,类似迹象...

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