流动性“堰塞湖”即将决堤?万亿财政现金或引爆风险资产

华尔街见闻
Nov 04, 2025

一场由美国财政部万亿美元现金囤积引发的严重资金紧缩,正将金融市场推向一个关键拐点。随着政府停摆持续,大量流动性被从银行体系抽走,导致融资利率飙升至危险水平。 最新的市场动态加剧了业界的担忧。尽管市场预期月底的资金紧张状况会有所缓解,但美联储的常备回购便利工具(SRF)在上周五录得503.5亿美元的历史新高后,本周初的使用量依然高达147.5亿美元,为该工具永久设立以来的第二高水平。 关键利率指标...

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