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图20EFFR-IORB利差较为稳定(%)
图20EFFR-IORB利差较为稳定(%)
行业数据
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图片尺寸:1167*865
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所属报告:
宏观专题美联储货币政策系列:联储缩表从哪里来到哪里去?-241101(18页).pdf
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相关数据
2025下半年以来美国有效联邦基金利率(EFFR)(%)
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行业数据
2026-07-03
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图19、EFFR自2001年初下调至1.0%左右
fCDml7bpl7QgICB8IEVGRlLvvIgl77yJIHwKfC0tLS0tLS0tfC0tLS0tLS0tLS0tfAp8IDIwMDEtMDEgfCA2LjUzICAgICAgfAp8IDIwMDItMDEgfCAxLjcyICAgICAgfAp8IDIwMDMtMDEgfCAxLjI2ICAgICAgfAoK6LWE5paZ5p2l5rqQ77yad2luZO+8jOWFtOS4muivgeWIuOe7j+a1juS4jumHkeiejeeglOeptumZouaVtOeQhg==
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行业数据
2026-06-25
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SOFR-IORB(%)
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行业数据
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SOFR-EFFR(%)
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美国SOFR-IORB(%)
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美国SOFR-IORB(%)
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美国SOFR-IORB(%)
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行业数据
2025-11-14
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EFFR通常在两个主要管理汇率(ONRRP和IORB)之间变动,但在2019年出现了混乱...
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行业数据
2025-11-12
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美国SOFR-IORB(%)
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行业数据
2025-11-11
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图表19美国商业票据-EFFR利差维持负区间
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行业数据
2025-11-07
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图表1010月SOFR-EFFR利差进一步走高至接近20bp
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行业数据
2025-11-07
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韩国基准利率和美联储EFFR相关程度较高
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行业数据
2025-11-04
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从利率的角度观察流动性,主要是关注 IORB 有没有被突破的风险。IORB 是 2008年危机前有限准备金框架的地板。准备金充足框架下,IORB 成为了利率走廊的天花板。当准备金由充足转向稀缺时,FFR 有向上突破 IORB、使 IORB 重新成为利率“地板”的风险。因此,在充足准备金框架下,EFFR 和 SOFR 等市场贷款利率(lending rates)与上限 IORB 的关系和贷款利率本身的波动性都可以反映流动性的充裕程度。
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宏观专题美联储货币政策系列:联储缩表从哪里来到哪里去?-241101(18页).pdf
表1.9万亿美元,其中2022-06至2024-05共缩减1.6
图9充足准备金下的利率地板体系
图8有限准备金下的传统利率走廊
图7有限准备金与充足准备金框架对比
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