美元/新加坡元 (USDSGD) 加自选

截至2月20日，房地美支持的30年期固定抵押贷款的平均利率降至6.85%，这是连续第五周从八个月高点7.04%下降。这一下降反映了长期国债收益率的下降，这是由于市场对美联储会议纪要的反应造成的，会议纪要暗示资产销售可能暂停，量化紧缩政策结束，同时长期证券供应减少。房地美首席经济学家Sam Khater表示：“本周抵押贷款利率略有下降。30年期固定利率抵押贷款连续五周保持在7%以下，在此期间波动不到20个基点。随着春季购房季的临近，这种稳定对潜在买家和卖家来说仍然是个好兆头。”。

The average rate on a 30-year fixed mortgage backed by Freddie Mac eased to 6.85% as of February 20th, marking its fifth consecutive weekly decline from an eight-month high of 7.04%. This decrease mirrored the drop in long-dated Treasury yields, driven by markets' reaction to the Federal Reserve's minutes, which suggested a potential pause in asset sales and an end to quantitative tightening, along with reduced supply of longer-term securities. “Mortgage rates decreased slightly this week. The 30-year fixed-rate mortgage has stayed just under 7% for five consecutive weeks and in that time has fluctuated less than 20 basis points. This stability continues to bode well for potential buyers and sellers as the spring homebuying season approaches,” said Sam Khater, Freddie Mac’s Chief Economist.

EIA石油状况报告的数据显示，截至2025年2月14日的一周，美国原油库存增加了463.3万桶，高于市场预期的300万桶。与此同时，俄克拉荷马州库欣交付中心的原油库存也增加了147.2万桶，为2024年5月以来的最高水平。另一方面，汽油库存减少了15.1万，而预测为增加70万。包括柴油和取暖油在内的馏分油库存下降了205.1万桶，超过了普遍预期的120万桶。

Crude oil inventories in the US rose by 4.633 million barrels in the week ended February 14, 2025, above market expectations of a 3 million build, data from the EIA Petroleum Status Report showed. At the same time, crude stocks at the Cushing, Oklahoma, delivery hub also rose by 1.472 million barrels, the most since May 2024. On the other hand, gasoline stocks decreased by 0.151 million, compared with forecasts of a 0.7 million increase. Distillate stockpiles, which include diesel and heating oil, dropped by 2.051 million barrels, more than consensus of a 1.2 million draw.

美联储的Musalem：通胀风险向上倾斜。周四，圣路易斯联邦储备银行行长阿尔贝托·穆萨勒姆警告称，通胀预期上升加上顽固滞胀的风险可能会给美国经济带来双重挑战。

Fed's Musalem: Inflation risks are tilted to the upside.On Thursday, St. Louis Fed President Alberto Musalem warned that rising inflation expectations combined with the risk of stubborn stagflation could create a double challenge for the US economy.

截至2025年2月14日的一周内，美国公用事业公司从储存中提取了1960亿立方英尺（bcf）的天然气，使总库存降至2101亿立方英尺。在极端寒冷将供暖需求推高至历史新高后，撤资超过了1880亿立方英尺的市场预期。下降幅度最大的是中西部地区（-650亿立方英尺）、中南部地区（-54亿立方英尺”）和东部地区（-39亿立方英尺“）。现在的存储水平比去年同期低15.5%，比五年平均水平低5.3%。

US utilities withdrew 196 billion cubic feet (bcf) of natural gas from storage in the week ending February 14, 2025, reducing total inventories to 2,101 bcf. The withdrawal exceeded market expectations of 188 bcf, after extreme cold boosted heating demand to a record high. The sharpest declines occurred in the Midwest region (-65 bcf), the South Central (-54 bcf) and the East (-39 bcf). Storage levels are now 15.5% lower than the same period last year and 5.3% below the five-year average.