PANews February 12 news, American bank economists pointed out that speculation about a "coordinated agreement" that investors believe the Federal Reserve and the U.S. Treasury may reach is raising questions. The bank believes that such agreements are "not clearly defined" and the likelihood has likely been digested by the market. "Unless the content of the agreement goes beyond the current market discussion scope, any new agreement is unlikely to trigger substantial price fluctuations." Bank of America stated that the agreement would mainly revolve around the Federal Reserve's balance sheet reduction and U.S. Treasury bond issuance. Economists expect that if monetary policy is affected (the bank believes this likelihood is extremely low) or the Treasury restricts long-term bond issuance (Bank of America believes this is possible), it will have a greater impact on the market.