In March, I said that in order for me to believe that the market is going from rebounding to reversing, and that monetary policy is truly moving towards easing, two prerequisites must be met: one is to cancel the SLR, and the other is to stop shrinking the balance sheet. Although these two conditions have not yet been fully realized, it is worth noting that the Federal Reserve has indeed begun to promote the adjustment of SLR. The Board of Directors recently considered a proposal on SLR reform. The core goal is to reduce the capital requirements for banks to hold low-risk assets (such as U.S. treasury bond bonds). The purpose is very clear, to improve the intermediary capacity of banks in the treasury bond bond market and alleviate market liquidity problems. At present, this proposal has entered the public opinion consultation stage, which will last for 60 days. In the coming months, the Federal Reserve will further refine and ultimately implement the SLR adjustment plan based on market feedback. This is likely to be gradually releasing positive information to the market. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex