According to analysts' latest reports, the U.S. central bank may purchase approximately $2 trillion in short-term government bonds in the next two years, a move that will significantly impact the government bond market. This potential policy adjustment could not only help the Federal Reserve better manage its balance sheet but also provide important support to the U.S. Treasury.

Strategists at U.S. financial institutions predict that the Federal Reserve's move aims to optimize its asset portfolio structure to more effectively respond to interest rate fluctuations and potential negative equity risks. At the same time, this initiative will also shorten the average duration of the Federal Reserve's liabilities.

For the U.S. Treasury, this change may have positive effects. After the recent increase in the debt ceiling, the Treasury is facing the need to issue a large amount of short-term debt to cover the growing budget deficit and increase cash reserves. This potential action by the Federal Reserve aligns perfectly with the Treasury's needs.

A senior interest rate strategist stated: "If we analyze the Federal Reserve's balance sheet, assuming we shift the reinvestment of mortgage-backed securities and maturing Treasury bonds to short-term Treasury bonds, the total scale could reach about 1 trillion dollars. Interestingly, this figure is comparable to the size of short-term Treasury bonds that the Treasury plans to issue. This coincidence of demand and supply will inject new vitality into the short-term Treasury bond market."

In addition, experts point out that this potential move by the Federal Reserve could not only help manage its own balance sheet risks but also have far-reaching effects on the entire financial market. It may affect the trend of short-term interest rates and create new investment opportunities for other market participants.

However, market observers also remind that such large-scale asset restructuring may bring some uncertainties, including potential impacts on the long-term government bond market and possible market volatility. Therefore, both investors and policymakers need to closely monitor this development trend and prepare for corresponding risk management.