{"id":50315,"date":"2026-06-29T19:20:39","date_gmt":"2026-06-29T19:20:39","guid":{"rendered":"https:\/\/www.vtmarkets.com\/cn-asia\/uncategorized\/%e7%be%8e%e4%bc%8a%e6%9a%82%e5%81%9c%e8%a2%ad%e5%87%bb%e3%80%81%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9%e8%b0%88%e5%88%a4%e9%87%8d%e5%90%af%ef%bc%9b%e6%b2%b9%e4%bb%b7%e4%bc%81%e7%a8%b3%ef%bc%8cai%e9%a9%b1\/"},"modified":"2026-06-29T19:20:39","modified_gmt":"2026-06-29T19:20:39","slug":"%e7%be%8e%e4%bc%8a%e6%9a%82%e5%81%9c%e8%a2%ad%e5%87%bb%e3%80%81%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9%e8%b0%88%e5%88%a4%e9%87%8d%e5%90%af%ef%bc%9b%e6%b2%b9%e4%bb%b7%e4%bc%81%e7%a8%b3%ef%bc%8cai%e9%a9%b1","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/cn-asia\/live-updates\/%e7%be%8e%e4%bc%8a%e6%9a%82%e5%81%9c%e8%a2%ad%e5%87%bb%e3%80%81%e9%9c%8d%e5%b0%94%e6%9c%a8%e5%85%b9%e8%b0%88%e5%88%a4%e9%87%8d%e5%90%af%ef%bc%9b%e6%b2%b9%e4%bb%b7%e4%bc%81%e7%a8%b3%ef%bc%8cai%e9%a9%b1\/","title":{"rendered":"\u7f8e\u4f0a\u6682\u505c\u88ad\u51fb\u3001\u970d\u5c14\u6728\u5179\u8c08\u5224\u91cd\u542f\uff1b\u6cb9\u4ef7\u4f01\u7a33\uff0cAI\u9a71\u52a8\u7684\u901a\u80c0\u98ce\u9669\u5347\u6e29"},"content":{"rendered":"

\u7f8e\u56fd\u4e0e\u4f0a\u6717\u5df2\u540c\u610f\u5728\u672c\u5468\u5c31\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u53ca\u76f8\u5173\u8bae\u9898\u91cd\u542f\u8c08\u5224\u524d\uff0c\u6682\u505c\u76f8\u4e92\u653b\u51fb\u3002\u6b64\u524d\u6570\u65e5\u7684\u62a5\u590d\u6027\u6253\u51fb\u4ee4\u4e00\u9879\u4e34\u65f6\u505c\u706b\u627f\u538b\u3002\u53cc\u65b9\u5c06\u7ee7\u7eed\u5c31\u672c\u6708\u8fbe\u6210\u7684\u8c05\u89e3\u5907\u5fd8\u5f55\u5c55\u5f00\u6280\u672f\u5c42\u9762\u7684\u8ba8\u8bba\uff0c\u5e76\u5728\u73b0\u9636\u6bb5\u5404\u81ea\u540e\u9000\u4e00\u6b65\uff0c\u8ba9\u822a\u8fd0\u5f97\u4ee5\u66f4\u987a\u7545\u901a\u884c\u3002\u6700\u65b0\u4e00\u8f6e\u5bf9\u5cd9\u59cb\u4e8e\u4f0a\u6717\u5bf9\u4e00\u8258\u96c6\u88c5\u7bb1\u8239\u53d1\u52a8\u88ad\u51fb\uff0c\u968f\u540e\u7f8e\u56fd\u5c55\u5f00\u62a5\u590d\uff0c\u5e76\u5728\u6b64\u540e\u51fa\u73b0\u6d89\u53ca\u8239\u8236\u88ad\u51fb\u7684\u8fdb\u4e00\u6b65\u4ea4\u950b\u3002<\/p>\n

\u968f\u7d27\u5f20\u5c40\u52bf\u7f13\u548c\uff0c\u5e02\u573a\u53cd\u5e94\u5ba1\u614e\uff1a\u5e03\u4f26\u7279\u4e0a\u6da80.903%\u81f372.64\uff0cWTI\u4e0a\u6da81.228%\u81f370.08\uff0c\u963f\u66fc\u539f\u6cb9\u8df3\u6da83.847%\u81f366.69\uff1b\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u8fea\u62dc\u539f\u6cb9\u4e0b\u8dcc0.575%\u81f379.214\u3002\u8be5\u94f6\u884c\u8868\u793a\uff0c\u80fd\u6e90\u5e02\u573a\u9010\u6b65\u56de\u5f52\u5e38\u6001\uff0c\u6b63\u5728\u524a\u5f31\u901a\u80c0\u5bf9\u6d77\u6e7e\u5730\u533a\u4e8b\u4ef6\u7684\u654f\u611f\u5ea6\uff0c\u5373\u4fbf\u7531\u6cb9\u4ef7\u9a71\u52a8\u7684\u4ef7\u683c\u538b\u529b\u5df2\u7f13\u89e3\u3002\u540c\u65f6\uff0c\u5b83\u6307\u51fa\uff0c\u5168\u7403\u4eba\u5de5\u667a\u80fd\u6295\u8d44\u5468\u671f\u6b63\u5e26\u6765\u65b0\u7684\u4f9b\u7ed9\u4fa7\u7ea6\u675f\uff0c\u5e76\u4ee5\u97e9\u56fd\u4e3a\u534a\u5bfc\u4f53\u4ea7\u4e1a\u63a8\u51fa\u89c4\u6a21\u8fbe\u20a91.350qn\uff08\u7ea61\u4e07\u4ebf\u7f8e\u5143\uff09\u7684\u516c\u79c1\u5408\u8425\u8ba1\u5212\u4f5c\u4e3a\u6240\u9700\u8d44\u672c\u5f00\u652f\u4f53\u91cf\u7684\u4f50\u8bc1\uff1b\u540c\u65f6\u70b9\u540d\u8f9b\u7279\u62c9\u8bba\u575b\uff08Sintra forum\uff09\u53ef\u80fd\u6210\u4e3a\u7f8e\u8054\u50a8\u4e3b\u5e2d\u51ef\u6587\u00b7\u6c83\u4ec0\uff08Kevin Warsh\uff09\u53ca\u5176\u4ed6\u592e\u884c\u5b98\u5458\u91cd\u7533\u5f3a\u786c\u6297\u901a\u80c0\u7acb\u573a\u7684\u573a\u5408\u3002<\/p>\n

\u53bb\u5347\u7ea7\u5bf9\u6cb9\u5e02\u4e0e\u6ce2\u52a8\u6027\u7684\u5f71\u54cd<\/h3>\n

\u6211\u4eec\u8ba4\u4e3a\uff0c\u7f8e\u4f0a\u534f\u8bae\u5c06\u6682\u65f6\u538b\u4f4e\u5e02\u573a\u8ba1\u5165\u539f\u6cb9\u4ef7\u683c\u4e2d\u7684\u5730\u7f18\u653f\u6cbb\u98ce\u9669\u6ea2\u4ef7\u3002\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u6bcf\u65e5\u7ea6\u67092,100\u4e07\u6876\u539f\u6cb9\u901a\u8fc7\uff0c\u7ea6\u5360\u5168\u7403\u6d88\u8d39\u768420%\uff1b\u6b64\u6b21\u53bb\u5347\u7ea7\u663e\u8457\u964d\u4f4e\u4e86\u77ed\u671f\u5185\u53d1\u751f\u91cd\u5927\u4f9b\u5e94\u51b2\u51fb\u7684\u76f4\u63a5\u5a01\u80c1\u3002\u8fd9\u8868\u660e\uff0c\u5728\u672a\u6765\u6570\u5468\uff0c\u968f\u7740\u5bf9\u6cb9\u4ef7\u7a81\u7136\u98d9\u5347\u7684\u62c5\u5fe7\u6d88\u9000\uff0c\u5356\u51fa\u5e03\u4f26\u7279\u4e0eWTI\u7684\u865a\u503c\u770b\u6da8\u671f\u6743\uff08out-of-the-money calls\uff09\u53ef\u80fd\u662f\u4e00\u79cd\u6709\u6548\u7b56\u7565\u3002<\/p>\n

\u8fd9\u4e0e\u5386\u53f2\u4e8b\u4ef6\u5f62\u6210\u9c9c\u660e\u5bf9\u6bd4\uff0c\u4f8b\u59822019\u5e74\u8be5\u5730\u533a\u906d\u88ad\u4e8b\u4ef6\u66fe\u5bfc\u81f4\u5e03\u4f26\u7279\u671f\u8d27\u5355\u65e5\u5927\u6da8\u8fd120%\u3002\u5f53\u524d\u505c\u706b\u610f\u5473\u7740\u6cb9\u5e02\u6ce2\u52a8\u7387\u5e94\u4f1a\u4e0b\u964d\uff0c\u4f7f\u671f\u6743\u5e02\u573a\u4e2d\u7684\u505a\u7a7a\u6ce2\u52a8\u7387\uff08short volatility\uff09\u4ed3\u4f4d\u66f4\u5177\u5438\u5f15\u529b\u3002\u6211\u4eec\u5c06\u5bc6\u5207\u5173\u6ce8\u8c08\u5224\u662f\u5426\u51fa\u73b0\u7834\u88c2\u8ff9\u8c61\uff1b\u4e00\u65e6\u51fa\u73b0\uff0c\u5c06\u6210\u4e3a\u8fc5\u901f\u89e3\u9664\u8fd9\u7c7b\u4ed3\u4f4d\u7684\u4fe1\u53f7\u3002<\/p>\n

\u7ed3\u6784\u6027\u901a\u80c0\u98ce\u9669\u4e0e\u5229\u7387\u524d\u666f<\/h3>\n

\u7136\u800c\uff0c\u80fd\u6e90\u9762\u5e26\u6765\u7684\u5598\u606f\uff0c\u4f3c\u4e4e\u53ea\u662f\u63a9\u76d6\u66f4\u5177\u6301\u7eed\u6027\u7684\u901a\u80c0\u63a8\u52a8\u56e0\u7d20\u3002\u6211\u4eec\u5173\u6ce8\u7684\u662f\u4eba\u5de5\u667a\u80fd\u6295\u8d44\u5468\u671f\u5e26\u6765\u7684\u65b0\u589e\u4f9b\u7ed9\u7ea6\u675f\uff1a\u6700\u65b0\u6570\u636e\u663e\u793a\uff0c\u5148\u8fdb\u534a\u5bfc\u4f53\u7684\u751f\u4ea7\u8005\u7269\u4ef7\u6307\u6570\uff08PPI\uff09\u540c\u6bd4\u4e0a\u6da8\u5df2\u8d85\u8fc715%\u3002\u8fd9\u610f\u5473\u7740\u4e00\u79cd\u65b0\u7684\u3001\u7ed3\u6784\u6027\u7684\u901a\u80c0\u6765\u6e90\u6b63\u5728\u5f62\u6210\uff0c\u592e\u884c\u65e0\u6cd5\u5ffd\u89c6\u3002<\/p>\n

\u8fd9\u79cd\u6f5c\u5728\u7684\u4ef7\u683c\u538b\u529b\u610f\u5473\u7740\uff0c\u592e\u884c\u83b7\u5f97\u7684\u201c\u5598\u606f\u201d\u5c06\u662f\u77ed\u6682\u7684\uff0c\u4e5f\u5f3a\u5316\u4e86\u6211\u4eec\u201c\u5229\u7387\u5c06\u66f4\u9ad8\u3001\u66f4\u4e45\u201d\uff08higher for longer\uff09\u7684\u5224\u65ad\u3002\u5e02\u573a\u5f53\u524d\u5b9a\u4ef7\u663e\u793a\uff0c\u7f8e\u8054\u50a8\u572812\u6708\u524d\u964d\u606f\u7684\u6982\u7387\u63a5\u8fd150%\uff0c\u770b\u8d77\u6765\u6108\u53d1\u4e50\u89c2\u3002\u6211\u4eec\u8ba4\u4e3a\uff0c\u62bc\u6ce8\u7f8e\u8054\u50a8\u5728\u5e74\u5e95\u524d\u7ef4\u6301\u5229\u7387\u4e0d\u53d8\u7684\u62c5\u4fdd\u9694\u591c\u878d\u8d44\u5229\u7387\uff08SOFR\uff09\u671f\u8d27\u4e0e\u671f\u6743\uff0c\u5b58\u5728\u4ea4\u6613\u673a\u4f1a\u3002<\/p>\n\n\n\n

\u7acb\u5373\u5f00\u59cb\u4ea4\u6613 \u2014 \u70b9\u51fb\u8fd9\u91cc<\/a>\u521b\u5efa\u60a8\u7684 VT Markets \u771f\u5b9e\u8d26\u6237\u3002<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

\u7f8e\u4f0a\u6682\u505c\u4e92\u88ad\u5e76\u91cd\u542f\u970d\u5c14\u6728\u5179\u8c08\u5224\uff0c\u6cb9\u5e02\u98ce\u9669\u6ea2\u4ef7\u6216\u56de\u843d\u3001\u6ce2\u52a8\u7387\u964d\u3002\u5e03\u4f26\u7279\u5c0f\u6da8\uff0c\u4f46AI\u6295\u8d44\u63a8\u9ad8\u82af\u7247PPI\uff0c\u7ed3\u6784\u6027\u901a\u80c0\u9690\u73b0\uff0c\u5229\u7387\u6050\u66f4\u9ad8\u66f4\u4e45\u3002<\/p>\n","protected":false},"author":87,"featured_media":50050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-50315","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/50315","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\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/comments?post=50315"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/posts\/50315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/media\/50050"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/media?parent=50315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/categories?post=50315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/cn-asia\/wp-json\/wp\/v2\/tags?post=50315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}