如今，美聯儲（美聯儲）通過購買3年期債券的200億美元進行了大型金融機動。

這種相當大的債券購買可能被視為美聯儲試圖穩定當前的金融市場。

Today, the Federal Reserve (Fed) engaged in a large-scale financial maneuver by purchasing $20 billion in 3-year Treasury bonds. This transaction marks the largest single-day bond purchase since the quantitative easing (QE) programs back in 2021.

如今，美聯儲（美聯儲）通過購買了200億美元的3年國庫券，從事大規模的金融操縱。這項交易標誌著自2021年定量寬鬆（QE）計劃以來最大的單日債券購買。

This move has sparked discussions among analysts and investors, with many interpreting it as a form of “stealth QE.” This could mean that the Fed is injecting liquidity into the financial system without formally announcing a new QE program.

這一舉動引發了分析師和投資者之間的討論，許多人將其解釋為“隱形量化”的一種形式。這可能意味著美聯儲將流動性注入金融系統，而無需正式宣布新的量化寬鬆計劃。

Fed Bond Buy & Low RRP Signal Liquidity Shift

美聯儲債券購買和低RRP信號流動性轉移

This rather large bond purchase may be seen as the Fed’s attempt to stabilize the current financial markets. Last month, it was reported that its Reverse Repo Facility (RRP) balance had plummeted from over $2.5 trillion in 2022 to just $148 billion, which again indicates a major release of liquidity into the market.

這種相當大的債券購買可能被視為美聯儲試圖穩定當前的金融市場。上個月，據報導，其反向回購設施（RRP）的餘額從2022年的2.5萬億美元下降到僅1480億美元，這再次表明流動性主要發佈到市場上。

Some community members are skeptical about the implications of stealth QE, as they argue it’s a pre-scheduled action and that the Fed’s balance sheet hasn’t expanded yet.

一些社區成員對隱形量化寬鬆的含義持懷疑態度，因為他們認為這是一個預先計劃的行動，並且美聯儲的資產負債表尚未擴大。

That said, the bond purchase isn’t the only notable thing that took place today. Namely, the US Treasury auctioned $150 billion in 3-year Treasury notes but only sold $78 billion. This could be a cause for concern for investors about future inflation or economic stability, as it signals weak demand.

也就是說，購買債券並不是今天唯一明顯的事情。也就是說，美國財政部在三年期票據中拍賣了1500億美元，但僅售出了780億美元。這可能引起投資者對未來通貨膨脹或經濟穩定的關注，因為它標誌著需求疲軟。

What ‘Stealth QE’ Could Mean for Crypto Markets

“隱形量化寬鬆”對加密市場可能意味著什麼

What the Fed did can have quite a bit of an impact on the cryptocurrency market, both in the short and long term. When the Fed injects liquidity, even if it’s quietly, it often leads to more capital flowing into risk assets, and that includes Bitcoin and other cryptocurrencies. Then, if the Fed is truly avoiding rate cuts but still easing via stealth QE, bond yields may remain stable or fall, making yield-less assets like crypto more attractive.

美聯儲所做的事情可能會對加密貨幣市場產生很大的影響。當美聯儲靜靜地註入流動性時，它通常會導致更多資本流入風險資產，其中包括比特幣和其他加密貨幣。然後，如果美聯儲真正避免了降低速度，但仍通過隱形量化寬鬆量化，債券收益率可能會保持穩定或下降，從而使諸如加密貨幣之類的無收益資產更具吸引力。

Historically speaking, QE has coincided with crypto bull runs such as the one in 2020 to 2021.

從歷史上講，量化寬鬆與加密公牛的奔跑相吻合，例如2020年至2021年的一場。

Still, there is always an air of uncertainty in situations like these. For instance, if it turns out that the stealth QE is a temporary band-aid and the Fed later tightens policy or raises rates unexpectedly, crypto markets could face sudden corrections. As always, caution is advised.

儘管如此，在這種情況下，總是有不確定性的氣氛。例如，如果事實證明隱形量化寬鬆是臨時的創可貼，而美聯儲則隨後收緊政策或意外提高利率，加密貨幣市場可能會突然糾正。與往常一樣，請謹慎。

The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Crypto News Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

本文提供的信息僅用於信息和教育目的。本文不構成任何形式的財務建議或建議。加密新聞版對由於提到的內容，產品或服務的利用而導致的任何損失概不負責。建議讀者在採取與公司相關的任何行動之前謹慎行事。