Minutes of last January FOMC meeting has been released.
- All participants at Fed's Jan. FOMC saw it as appropriate to hold target interest rate unchanged(4.25 - 4.50%)
- latest interest rate decision was unanimous
- Slow or even pause the reduction of their balance sheet holdings, given that renewed concerns over the federal debt ceiling have come back into play.
- Many participants said after conclusion of balance sheet runoff it would be appropriate to structure asset purchases of SOMA account to move maturity composition closer to outstanding stock of Treasury debt. While also minimizing risk of disrupting the market.
- 올해 하반기 정도 부터는 QT 중단 가능성이 높게 평가된다(과거 QT 시작하는 2021년 사례를 참고한다면....)
QT가 미국채 10년물 금리에 주는 영향과 부채한도협상 타결 관련해서 수급 때문에 10년물 금리가 어떻게 움직이는지 이해하기가 너무 어렵다...
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USD/KRW exchange rate: 1,435.27
USD/JPY exchange rate: 149.93엔
USD/CNY exchange rate: 7.2838위안
CNY/KRW exchange rate: 197.05원
DXY: 106.82
US Treasury 30Y yield: 4.742%
US Treasury 10Y yield: 4.513%
US Treasury 2Y yield: 4.251%
KTB 30Y yield: 2.690%
KTB 10Y yield: 2.889%
KTB 2Y yield: 2.689%
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