QE2, whose maiden voyage seemed to have been postponed indefinitely, is ready to be launched. That, at least, seems to be the considered judgment of the market. Sterling has tested $1.57 this week, its lowest since January after touching $1.65 when markets thought rate hikes were in the offing. That coexists with new lows in gilt yields – a combination that suggests bond purchases are in the offing (and little fear about the UK’s solvency).
“處女航”似乎已無(wú)限期推遲的英國(guó)二次定量寬松(QE2)終將起航。至少，市場(chǎng)經(jīng)過(guò)思考后似乎是這樣認(rèn)為的。本周，英鎊兌美元匯率一度下探1.57美元關(guān)口，這是今年1月份以來(lái)的最低水平——此前，英鎊匯率曾上探1.65美元，因?yàn)楫?dāng)時(shí)市場(chǎng)以為英國(guó)即將加息。與此同時(shí)，英國(guó)國(guó)債收益率屢創(chuàng)新低——二者結(jié)合起來(lái)，意味著央行即將出手買(mǎi)入國(guó)債（同時(shí)表明市場(chǎng)毫不擔(dān)心英國(guó)的償付能力）。