ME News message, February 12 (UTC+8), Bank of America economists pointed out that investors' speculation about a possible "collaborative agreement" between the Federal Reserve and the U.S. Treasury is raising questions. The bank believes that such agreements are "not clearly defined" and that the likelihood has likely already been absorbed by the market. "Unless the content of the agreement exceeds the current market discussion scope, any new agreement is unlikely to trigger substantial price fluctuations." Bank of America stated that the agreement will mainly focus on the Federal Reserve's balance sheet reduction and U.S. Treasury bond issuance. Economists expect that if monetary policy is affected (the bank believes the likelihood is very low) or the Treasury restricts long-term bond issuance (Bank of America believes there is a possibility), the impact on the market will be greater. (Golden Ten) (Source: ME)