{"id":49516,"date":"2026-05-15T02:57:18","date_gmt":"2026-05-15T02:57:18","guid":{"rendered":"https:\/\/www.vtmarkets.com\/cn\/uncategorized\/%e9%98%bf%e6%a0%b9%e5%bb%b74%e6%9c%88%e9%80%9a%e8%83%80%e9%ab%98%e4%ba%8e%e9%a2%84%e6%9c%9f%ef%bc%8c%e5%bc%95%e5%8f%91%e5%af%b9%e9%99%8d%e6%81%af%e4%b8%8e%e6%af%94%e7%b4%a2%e7%a8%b3%e5%ae%9a%e6%80%a7\/"},"modified":"2026-05-15T02:57:18","modified_gmt":"2026-05-15T02:57:18","slug":"%e9%98%bf%e6%a0%b9%e5%bb%b74%e6%9c%88%e9%80%9a%e8%83%80%e9%ab%98%e4%ba%8e%e9%a2%84%e6%9c%9f%ef%bc%8c%e5%bc%95%e5%8f%91%e5%af%b9%e9%99%8d%e6%81%af%e4%b8%8e%e6%af%94%e7%b4%a2%e7%a8%b3%e5%ae%9a%e6%80%a7","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/cn-asia\/live-updates\/%e9%98%bf%e6%a0%b9%e5%bb%b74%e6%9c%88%e9%80%9a%e8%83%80%e9%ab%98%e4%ba%8e%e9%a2%84%e6%9c%9f%ef%bc%8c%e5%bc%95%e5%8f%91%e5%af%b9%e9%99%8d%e6%81%af%e4%b8%8e%e6%af%94%e7%b4%a2%e7%a8%b3%e5%ae%9a%e6%80%a7\/","title":{"rendered":"\u963f\u6839\u5ef74\u6708\u901a\u80c0\u9ad8\u4e8e\u9884\u671f\uff0c\u5f15\u53d1\u5bf9\u964d\u606f\u4e0e\u6bd4\u7d22\u7a33\u5b9a\u6027\u7684\u7591\u8651"},"content":{"rendered":"<p>\u963f\u6839\u5ef74\u6708\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff08CPI\uff0c\u8861\u91cf\u4e00\u7bee\u5b50\u5546\u54c1\u4e0e\u670d\u52a1\u4ef7\u683c\u53d8\u52a8\u7684\u901a\u80c0\u6307\u6807\uff09\u6309\u6708\u4e0a\u53472.6%\u3002<\/p>\n<p>\u8be5\u7ed3\u679c\u9ad8\u4e8e\u5e02\u573a\u9884\u6d4b\u76842.5%\u3002<\/p>\n<p>4\u6708\u901a\u80c0\uff08\u7269\u4ef7\u4e0a\u6da8\uff09\u7565\u504f\u9ad8\u81f32.6%\uff0c\u663e\u793a\u6297\u901a\u80c0\uff08\u538b\u4f4e\u7269\u4ef7\u6da8\u5e45\uff09\u7684\u201c\u5bb9\u6613\u6210\u679c\u201d\u53ef\u80fd\u5df2\u8fc7\u53bb\u3002\u8fd9\u6b21\u504f\u79bb\u867d\u5c0f\uff0c\u5374\u662f\u5173\u952e\u8baf\u53f7\uff1a\u901a\u80c0\u56de\u843d\uff08\u901a\u80c0\u7387\u4e0b\u964d\uff09\u7684\u9053\u8def\u672a\u5fc5\u5e73\u987a\u3002\u6211\u4eec\u9700\u8c03\u6574\u539f\u5148\u89c2\u70b9\u2014\u2014\u592e\u884c\uff08\u4e2d\u592e\u94f6\u884c\uff0c\u8d1f\u8d23\u5229\u7387\u4e0e\u8d27\u5e01\u653f\u7b56\uff09\u672a\u5fc5\u8fd8\u80fd\u6301\u7eed\u5feb\u901f\u653e\u5bbd\u653f\u7b56\uff08\u964d\u606f\u4e0e\u51cf\u5c11\u7d27\u7f29\uff09\u3002<\/p>\n<p>\u5fc5\u987b\u8bb0\u5f97\u53bb\u5e74\u7684\u80cc\u666f\uff1a\u57282024\u5e74\u672b\u81f32025\u5e74\u521d\uff0c\u6211\u4eec\u66fe\u9762\u5bf9\u6309\u6708\u901a\u80c0\u8fdc\u9ad8\u4e8e10%\u3002\u867d\u7136\u5982\u4eca\u6570\u636e\u5927\u5e45\u6539\u5584\uff0c\u4f46\u4e5f\u53cd\u6620\u901a\u80c0\u5177\u6709\u201c\u9ecf\u6027\u201d\uff08\u4e0d\u5bb9\u6613\u964d\u4e0b\u6765\uff09\uff0c\u53ef\u80fd\u62d6\u6162\u56de\u5230\u771f\u6b63\u4ef7\u683c\u7a33\u5b9a\uff08\u7269\u4ef7\u6da8\u5e45\u957f\u671f\u7ef4\u6301\u5728\u4f4e\u4e14\u53ef\u9884\u6d4b\u6c34\u5e73\uff09\u7684\u8fdb\u7a0b\u3002\u8fd9\u79cd\u6301\u7eed\u6027\u4e5f\u8ba9\u653f\u5e9c\u6574\u4f53\u7ecf\u6d4e\u7a33\u5b9a\u8ba1\u5212\u518d\u6b21\u53d7\u5230\u68c0\u89c6\u3002<\/p>\n<p>\u8fd9\u4efd\u6570\u636e\u5f88\u53ef\u80fd\u8feb\u4f7f\u592e\u884c\u6682\u505c\u964d\u606f\u5468\u671f\uff08\u8fde\u7eed\u4e0b\u8c03\u5229\u7387\u7684\u9636\u6bb5\uff09\uff0c\u800c\u964d\u606f\u4e00\u76f4\u662f\u5e02\u573a\u8868\u73b0\u7684\u91cd\u8981\u63a8\u529b\u3002\u6b64\u524d\uff0c\u4ea4\u6613\u5458\u9760\u201c\u5229\u5dee\u4ea4\u6613\u201d\uff08carry trade\uff1a\u501f\u5165\u4f4e\u5229\u7387\u8d27\u5e01\u5982\u7f8e\u5143\uff0c\u628a\u8d44\u91d1\u6295\u5165\u9ad8\u5229\u7387\u8d44\u4ea7\u5982\u6bd4\u7d22\u4ee5\u8d5a\u53d6\u5229\u5dee\uff09\u83b7\u5229\uff0c\u5373\u501f\u7f8e\u5143\u3001\u4e70\u9ad8\u6536\u76ca\u7684\u6bd4\u7d22\u8d44\u4ea7\u3002\u6211\u4eec\u8ba4\u4e3a\u8fd9\u79cd\u7b56\u7565\u7684\u98ce\u9669\u5df2\u660e\u663e\u4e0a\u5347\u3002<\/p>\n<p>\u672a\u6765\u6570\u5468\uff0c\u6211\u4eec\u8ba4\u4e3a\u53ef\u8003\u8651\u201c\u770b\u8dcc\u963f\u6839\u5ef7\u6bd4\u7d22\u201d\uff08\u62bc\u6ce8\u6bd4\u7d22\u8d70\u5f31\uff09\u3002\u5b98\u65b9\u6bcf\u67082%\u7684\u201c\u722c\u884c\u76ef\u4f4f\u201d\uff08crawling peg\uff1a\u5b98\u65b9\u6c47\u7387\u6309\u56fa\u5b9a\u5e45\u5ea6\u9010\u6b65\u8c03\u6574\u7684\u5236\u5ea6\uff09\u5df2\u4f4e\u4e8e\u901a\u80c0\u7387\uff0c\u8fd9\u63d0\u9ad8\u4e86\u672a\u6765\u4e00\u6b21\u6027\u8d2c\u503c\uff08devaluation\uff1a\u5b98\u65b9\u4e3b\u52a8\u4e0b\u8c03\u672c\u5e01\u5bf9\u5916\u4ef7\u503c\uff09\u7684\u53ef\u80fd\u6027\u3002\u53ef\u8003\u8651\u5efa\u7acb\u65e0\u672c\u91d1\u4ea4\u5272\u8fdc\u671f\uff08NDF\uff1a\u5230\u671f\u53ea\u7528\u73b0\u91d1\u7ed3\u7b97\u6c47\u5dee\u3001\u65e0\u9700\u5b9e\u9645\u4ea4\u4ed8\u8d27\u5e01\uff0c\u5e38\u7528\u4e8e\u5916\u6c47\u7ba1\u5236\u5e02\u573a\uff09\u90e8\u4f4d\uff0c\u4ee5\u5728\u5b98\u65b9\u6c47\u7387\u53ef\u80fd\u201c\u8865\u6da8\u201d\uff08\u8ffd\u4e0a\u901a\u80c0\u5bfc\u81f4\u7684\u5b9e\u9645\u8d2c\u503c\u538b\u529b\uff09\u65f6\u83b7\u5229\u3002<\/p>\n<p>\u6ce2\u52a8\uff08\u4ef7\u683c\u5927\u5e45\u4e0a\u4e0b\uff09\u6599\u5c06\u5347\u9ad8\uff0c\u4f7f\u671f\u6743\uff08options\uff1a\u652f\u4ed8\u6743\u5229\u91d1\u540e\u83b7\u5f97\u5728\u672a\u6765\u4ee5\u7279\u5b9a\u4ef7\u683c\u4e70\u5165\u6216\u5356\u51fa\u8d44\u4ea7\u7684\u6743\u5229\uff09\u6210\u4e3a\u66f4\u5408\u9002\u7684\u5e03\u5c40\u5de5\u5177\u3002\u4e70\u5165Merval\u6307\u6570\uff08\u963f\u6839\u5ef7\u4e3b\u8981\u80a1\u6307\uff09\u7684\u770b\u8dcc\u671f\u6743\uff08put\uff1a\u5728\u5230\u671f\u524d\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u5356\u51fa\u7684\u6743\u5229\uff09\u6216\u963f\u6839\u5ef7\u4e3b\u6743\u503a\uff08sovereign bonds\uff1a\u653f\u5e9c\u53d1\u884c\u7684\u56fd\u503a\uff09\u7684\u770b\u8dcc\u671f\u6743\uff0c\u53ef\u4f5c\u4e3a\u5bf9\u51b2\uff08hedge\uff1a\u7528\u53e6\u4e00\u9879\u4ea4\u6613\u62b5\u6d88\u6f5c\u5728\u635f\u5931\uff09\u5e02\u573a\u4e0d\u5b89\u3002\u5e02\u573a\u6b64\u524d\u5df2\u628a\u201c\u5b8c\u7f8e\u843d\u5730\u201d\uff08\u7ecf\u6d4e\u5728\u4e0d\u5f15\u53d1\u660e\u663e\u8870\u9000\u4e0b\u6210\u529f\u964d\u901a\u80c0\uff09\u8ba1\u5165\u4ef7\u683c\uff0c\u800c\u8fd9\u6b21\u901a\u80c0\u6570\u636e\u663e\u793a\u524d\u65b9\u53ef\u80fd\u51fa\u73b0\u98a0\u7c38\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u963f\u6839\u5ef74\u6708CPI\u73af\u6bd42.6%\u9ad8\u4e8e\u9884\u671f\uff0c\u6297\u901a\u80c0\u201c\u751c\u871c\u671f\u201d\u6050\u7ed3\u675f\uff1b\u592e\u884c\u6216\u6682\u505c\u964d\u606f\uff0c\u5229\u5dee\u4ea4\u6613\u98ce\u9669\u5347\u6e29\u3002\u722c\u884c\u76ef\u4f4f\u843d\u540e\u901a\u80c0\uff0c\u62bc\u6ce8\u6bd4\u7d22\u8d70\u5f31\u3001NDF\u4e0e\u671f\u6743\u5bf9\u51b2\u6216\u6210\u7126\u70b9\u3002<\/p>\n","protected":false},"author":103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-49516","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/posts\/49516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/users\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/comments?post=49516"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/posts\/49516\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/media?parent=49516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/categories?post=49516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/tags?post=49516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}