{"id":50753,"date":"2026-07-06T07:39:02","date_gmt":"2026-07-06T07:39:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/cn\/uncategorized\/%e7%be%8e%e5%9b%bd10%e5%b9%b4%e6%9c%9f%e5%9b%bd%e5%80%ba%e6%94%b6%e7%9b%8a%e7%8e%87%e5%9c%a8%e7%be%8e%e8%81%94%e5%82%a8%e4%bc%9a%e8%ae%ae%e7%ba%aa%e8%a6%81%e5%85%ac%e5%b8%83%e5%89%8d%e5%b0%8f%e5%b9%85\/"},"modified":"2026-07-06T07:39:02","modified_gmt":"2026-07-06T07:39:02","slug":"%e7%be%8e%e5%9b%bd10%e5%b9%b4%e6%9c%9f%e5%9b%bd%e5%80%ba%e6%94%b6%e7%9b%8a%e7%8e%87%e5%9c%a8%e7%be%8e%e8%81%94%e5%82%a8%e4%bc%9a%e8%ae%ae%e7%ba%aa%e8%a6%81%e5%85%ac%e5%b8%83%e5%89%8d%e5%b0%8f%e5%b9%85","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/cn\/analysis\/%e7%be%8e%e5%9b%bd10%e5%b9%b4%e6%9c%9f%e5%9b%bd%e5%80%ba%e6%94%b6%e7%9b%8a%e7%8e%87%e5%9c%a8%e7%be%8e%e8%81%94%e5%82%a8%e4%bc%9a%e8%ae%ae%e7%ba%aa%e8%a6%81%e5%85%ac%e5%b8%83%e5%89%8d%e5%b0%8f%e5%b9%85\/","title":{"rendered":"\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u5728\u7f8e\u8054\u50a8\u4f1a\u8bae\u7eaa\u8981\u516c\u5e03\u524d\u5c0f\u5e45\u8d70\u4f4e"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/10Y-US-Treasury-2-r-1-1024x558.webp\" alt=\"\" class=\"wp-image-61115\"\/><\/figure>\n\n\n\n<p><strong>\u8981\u70b9<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\uff08US10Y\uff0c\u6307\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u7684\u5230\u671f\u6536\u76ca\u7387\uff0c\u662f\u8861\u91cf\u4e2d\u957f\u671f\u5229\u7387\u6c34\u5e73\u7684\u201c\u57fa\u51c6\u5229\u7387\u201d\u4e4b\u4e00\uff09\u56de\u843d\u81f3\u7ea64.47%\uff0c\u6b64\u524d\u4e00\u5468\u4e00\u5ea6\u903c\u8fd14.50%\u3002<\/li>\n\n\n\n<li>6\u6708\u7f8e\u56fd\u975e\u519c\u5c31\u4e1a\u4eba\u6570\uff08NFP\uff0c\u6307\u9664\u519c\u4e1a\u5916\u65b0\u589e\u5c31\u4e1a\u4eba\u6570\uff0c\u662f\u89c2\u5bdf\u5c31\u4e1a\u666f\u6c14\u5ea6\u7684\u6838\u5fc3\u6570\u636e\uff09\u589e\u52a05.7\u4e07\u4eba\uff0c\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\u7684\u589e\u52a011\u4e07\u4eba\u3002<\/li>\n\n\n\n<li>4\u6708\u4e0e5\u6708\u5c31\u4e1a\u6570\u636e\u5408\u8ba1\u88ab\u4e0b\u4fee7.4\u4e07\u4eba\uff08\u4e0b\u4fee\u6307\u7edf\u8ba1\u53e3\u5f84\u66f4\u65b0\u540e\uff0c\u5386\u53f2\u6570\u636e\u88ab\u8c03\u4f4e\uff09\u3002<\/li>\n\n\n\n<li>\u52b3\u52a8\u529b\u6570\u636e\u8f6c\u5f31\u964d\u4f4e\u4e86\u5e02\u573a\u5bf9\u7f8e\u8054\u50a8\uff08Fed\uff0c\u7f8e\u56fd\u4e2d\u592e\u94f6\u884c\uff09\u77ed\u671f\u518d\u5ea6\u52a0\u606f\uff08\u63d0\u9ad8\u653f\u7b56\u5229\u7387\uff09\u7684\u9884\u671f\u3002<\/li>\n\n\n\n<li>\u6cb9\u4ef7\u4e0b\u8dcc\u7f13\u89e3\u4e86\u90e8\u5206\u901a\u80c0\uff08\u7269\u4ef7\u6301\u7eed\u4e0a\u6da8\uff09\u62c5\u5fe7\uff0c\u5148\u524d\u8fd9\u7c7b\u62c5\u5fe7\u66fe\u652f\u6491\u56fd\u503a\u6536\u76ca\u7387\u8d70\u9ad8\u3002<\/li>\n\n\n\n<li>\u4eceUS10Y\u65e5\u7ebf\u56fe\uff08\u6309\u65e5\u7edf\u8ba1\u7684\u8d70\u52bf\u56fe\uff09\u770b\uff0c4.44%\u9644\u8fd1\u4e3a\u8fd1\u7aef\u652f\u6491\u4f4d\uff08\u4ef7\u683c\/\u6536\u76ca\u7387\u4e0b\u884c\u65f6\u53ef\u80fd\u6b62\u8dcc\u7684\u4f4d\u7f6e\uff09\uff1b4.48%\u81f34.50%\u4e3a\u7b2c\u4e00\u963b\u529b\u533a\uff08\u4e0a\u884c\u65f6\u53ef\u80fd\u53d7\u963b\u7684\u4f4d\u7f6e\uff09\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u5468\u4e00\uff0c\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u8d70\u4f4e\u3002\u4ea4\u6613\u5458\u7ee7\u7eed\u6d88\u5316\u504f\u5f31\u7684\u5c31\u4e1a\u6570\u636e\uff0c\u5e76\u7b49\u5f85\u7f8e\u8054\u50a86\u6708\u8bae\u606f\u4f1a\u8bae\u7eaa\u8981\uff08FOMC Minutes\uff0c\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\u4f1a\u8bae\u8bb0\u5f55\uff0c\u7528\u4e8e\u8865\u5145\u653f\u7b56\u58f0\u660e\u7ec6\u8282\uff09\u53d1\u5e03\u3002<\/p>\n\n\n\n<p>US10Y\u56de\u843d\u81f3\u7ea64.47%\uff0c\u56de\u5410\u8fd1\u671f\u90e8\u5206\u6da8\u5e45\u3002\u7531\u4e8e\u56fd\u503a\u4ef7\u683c\u4e0e\u6536\u76ca\u7387\u901a\u5e38\u5448\u53cd\u5411\u5173\u7cfb\uff08\u6536\u76ca\u7387\u4e0b\u964d\u5f80\u5f80\u5bf9\u5e94\u4ef7\u683c\u4e0a\u6da8\uff09\uff0c\u6b64\u6b21\u56de\u843d\u663e\u793a\u5e02\u573a\u5bf910\u5e74\u671f\u56fd\u503a\uff08Treasury note\uff0c\u6309\u7f8e\u56fd\u8d22\u653f\u90e8\u5206\u7c7b\uff0c\u539f\u59cb\u671f\u96502\u81f310\u5e74\u79f0\u201c\u7968\u636e\/\u4e2d\u671f\u56fd\u503a\u201d\uff09\u7684\u9700\u6c42\u589e\u5f3a\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Treasuries rallied after a weaker-than-expected jobs report prompted traders to scale back expectations that the Federal Reserve will raise interest rates in the coming months <a href=\"https:\/\/t.co\/Citg9ZByB8\">https:\/\/t.co\/Citg9ZByB8<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/x.com\/business\/status\/2072664122957693197?ref_src=twsrc%5Etfw\">July 2, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u8fd9\u4e00\u4e0b\u884c\u5ef6\u7eed\u4e86\u56fd\u503a\u5e02\u573a\u5bf96\u6708\u5c31\u4e1a\u62a5\u544a\u7684\u53cd\u5e94\uff1a\u7f8e\u56fd\u975e\u519c\u5c31\u4e1a\u4eba\u6570\u589e\u52a05.7\u4e07\u4eba\uff0c\u4e0d\u53ca\u9884\u671f\u768411\u4e07\u4eba\uff1b4\u6708\u4e0e5\u6708\u6570\u636e\u4ea6\u5408\u8ba1\u4e0b\u4fee7.4\u4e07\u4eba\u3002<\/p>\n\n\n\n<p>\u5931\u4e1a\u7387\uff08\u52b3\u52a8\u529b\u4e2d\u672a\u5c31\u4e1a\u4e14\u6b63\u5728\u627e\u5de5\u4f5c\u7684\u4eba\u5360\u6bd4\uff09\u5c0f\u5e45\u964d\u81f34.2%\uff0c\u4f46\u52b3\u52a8\u53c2\u4e0e\u7387\uff08\u52b3\u52a8\u529b\u53c2\u4e0e\u5c31\u4e1a\u6216\u6c42\u804c\u7684\u4eba\u5728\u603b\u4eba\u53e3\u4e2d\u7684\u5360\u6bd4\uff09\u964d\u81f361.5%\u3002\u8fd9\u610f\u5473\u7740\u5931\u4e1a\u7387\u4e0b\u964d\u90e8\u5206\u6e90\u81ea\u53c2\u4e0e\u52b3\u52a8\u529b\u5e02\u573a\u7684\u4eba\u51cf\u5c11\uff0c\u800c\u975e\u62db\u8058\u663e\u8457\u6539\u5584\u3002<\/p>\n\n\n\n<p>\u5c31\u4e1a\u8d70\u5f31\u4f7f\u7f8e\u8054\u50a8\u5728\u8003\u8651\u8fdb\u4e00\u6b65\u6536\u7d27\uff08tightening\uff0c\u6307\u901a\u8fc7\u52a0\u606f\u6216\u6536\u7f29\u6d41\u52a8\u6027\u6765\u6291\u5236\u901a\u80c0\uff09\u524d\uff0c\u6709\u66f4\u591a\u65f6\u95f4\u8bc4\u4f30\u901a\u80c0\u538b\u529b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The US economy added just 57,000 jobs in June, far fewer than forecast. Joachim Klement of Panmure Liberum tells Reuters that gives the Fed time to see how inflation plays out, and he doesn&#39;t believe there will be a rate hike this year at all <a href=\"https:\/\/t.co\/noQtCGGYhi\">https:\/\/t.co\/noQtCGGYhi<\/a> <a href=\"https:\/\/t.co\/dG3Zul70LZ\">pic.twitter.com\/dG3Zul70LZ<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/x.com\/Reuters\/status\/2073034020498424286?ref_src=twsrc%5Etfw\">July 3, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u5173\u4e8e\u201c\u7f8e\u8054\u50a8\u4eca\u5e74\u53ef\u80fd\u907f\u514d\u518d\u6b21\u52a0\u606f\u201d\u7684\u5224\u65ad\u5c5e\u4e8e\u5206\u6790\u89c2\u70b9\uff0c\u5e76\u975e\u5df2\u786e\u8ba4\u7684\u653f\u7b56\u7ed3\u679c\u3002\u4f46\u52b3\u52a8\u529b\u6570\u636e\u8f6c\u5f31\uff0c\u4fc3\u4f7f\u4ea4\u6613\u5458\u4e0b\u8c03\u77ed\u671f\u6536\u7d27\u9884\u671f\uff0c\u4ece\u800c\u652f\u6491\u56fd\u503a\u4ef7\u683c\u5e76\u538b\u4f4e\u6536\u76ca\u7387\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4ea4\u6613\u5458\u4e3a\u4f55\u5173\u6ce8<\/h2>\n\n\n\n<p>\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u88ab\u9ad8\u5ea6\u5173\u6ce8\uff0c\u56e0\u4e3a\u5b83\u53cd\u6620\u5e02\u573a\u5bf9\u4e2d\u957f\u671f\u7ecf\u6d4e\u589e\u957f\u3001\u901a\u80c0\u4e0e\u7f8e\u8054\u50a8\u653f\u7b56\u8def\u5f84\u7684\u9884\u671f\u3002<\/p>\n\n\n\n<p>\u5f53\u524d\u6ce2\u52a8\u7684\u5173\u952e\u5728\u4e8e\uff1a\u5e02\u573a\u4e00\u65b9\u9762\u770b\u5230\u5c31\u4e1a\u589e\u957f\u653e\u7f13\uff0c\u53e6\u4e00\u65b9\u9762\u4ecd\u9700\u6743\u8861\u901a\u80c0\u98ce\u9669\u3002<\/p>\n\n\n\n<p>\u62db\u8058\u653e\u7f13\u53ef\u80fd\u964d\u4f4e\u77ed\u671f\u518d\u52a0\u606f\u7684\u5fc5\u8981\u6027\u3002\u4f46\u7f8e\u8054\u50a8\u5bf9\u901a\u80c0\u6001\u5ea6\u4ecd\u504f\u8c28\u614e\uff0c\u5e76\u672a\u6392\u9664\u8fdb\u4e00\u6b65\u653f\u7b56\u52a8\u4f5c\u3002<\/p>\n\n\n\n<p>\u57286\u670816\u65e5\u81f317\u65e5\u4f1a\u8bae\u4e0a\uff0c\u7f8e\u8054\u50a8\u5c06\u8054\u90a6\u57fa\u91d1\u76ee\u6807\u533a\u95f4\uff08federal funds target range\uff0c\u7f8e\u56fd\u9694\u591c\u653f\u7b56\u5229\u7387\u7684\u76ee\u6807\u8303\u56f4\uff09\u7ef4\u6301\u5728<a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260617a.htm\">3.50%\u81f33.75%<\/a>\u3002<\/p>\n\n\n\n<p>\u5373\u5c06\u516c\u5e03\u7684FOMC\u4f1a\u8bae\u7eaa\u8981\uff0c\u6216\u5c06\u62ab\u9732\u5b98\u5458\u5982\u4f55\u8bc4\u4f30\u901a\u80c0\u3001\u5c31\u4e1a\u4e0e\u662f\u5426\u9700\u8981\u989d\u5916\u6536\u7d27\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\uff0c\u5728\u7eaa\u8981\u516c\u5e03\u524d\u540e\uff0cUS10Y\u53ef\u80fd\u5bf9\u5229\u7387\u9884\u671f\u53d8\u5316\u4fdd\u6301\u654f\u611f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5173\u952e\u6536\u76ca\u7387\u4f4d\u7f6e<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/10Y-US-Treasury.webp\" alt=\"\" class=\"wp-image-61118\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u6536\u76ca\u7387\u6c34\u5e73<\/strong><\/td><td><strong>\u5e02\u573a\u5173\u6ce8\u70b9<\/strong><\/td><\/tr><tr><td>4.56%<\/td><td>6\u6708\u9ad8\u70b9\u9644\u8fd1\u7684\u8f83\u5f3a\u963b\u529b<\/td><\/tr><tr><td>4.52%<\/td><td>\u5f53\u524d\u533a\u95f4\u4e0a\u65b9\u7684\u6b21\u7ea7\u963b\u529b<\/td><\/tr><tr><td>4.50%<\/td><td>\u5173\u952e\u5fc3\u7406\u4e0e\u6280\u672f\u963b\u529b\uff08\u5fc3\u7406\u5173\u53e3\u6307\u6574\u6570\/\u91cd\u8981\u70b9\u4f4d\u5e26\u6765\u7684\u4ea4\u6613\u96c6\u4e2d\u533a\uff09<\/td><\/tr><tr><td>4.48%<\/td><td>\u8d34\u8fd1\u6700\u65b0\u4ea4\u6613\u65e5\u9ad8\u70b9\u7684\u8fd1\u7aef\u963b\u529b<\/td><\/tr><tr><td>4.47%<\/td><td>\u5f53\u524d\u56fe\u8868\u9644\u8fd1\u533a\u57df<\/td><\/tr><tr><td>4.44%<\/td><td>\u8fd1\u7aef\u77ed\u7ebf\u652f\u6491<\/td><\/tr><tr><td>4.40%<\/td><td>\u5173\u952e\u5fc3\u7406\u4e0e\u6280\u672f\u652f\u6491<\/td><\/tr><tr><td>4.36%<\/td><td>\u8fd1\u671f\u6ce2\u6bb5\u4f4e\u70b9\uff08swing low\uff0c\u9636\u6bb5\u6027\u4f4e\u70b9\uff09\u53ca\u66f4\u4e0b\u65b9\u652f\u6491<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>US10Y\u65e5\u7ebf\u663e\u793a\uff0c\u6536\u76ca\u7387\u7ea6\u57284.465%\uff0c\u6b64\u524d\u81ea6\u6708\u4e0b\u65ec\u7ea64.36%\u7684\u4f4e\u4f4d\u53cd\u5f39\u3002\u4f46\u53cd\u5f39\u57284.48%\u81f34.50%\u7684\u8fd1\u7aef\u963b\u529b\u533a\u4e0b\u65b9\u53d7\u963b\u3002<\/p>\n\n\n\n<p>\u82e5\u6536\u76ca\u7387\u6301\u7eed\u4e0a\u78344.48%\uff0c4.50%\u5c06\u518d\u6b21\u6210\u4e3a\u7126\u70b9\uff1b\u66f4\u5f3a\u4e0a\u884c\u9700\u8981\u6709\u6548\u7a81\u7834\u5e76\u7ad9\u7a334.50%\u3002<\/p>\n\n\n\n<p>\u82e5\u786e\u8ba4\u7a81\u7834\u8be5\u6c34\u5e73\uff0c\u5173\u6ce8\u70b9\u6216\u4e0a\u79fb\u81f34.52%\uff0c\u968f\u540e\u662f\u7ea64.56%\u7684\u66f4\u5f3a\u963b\u529b\u3002<\/p>\n\n\n\n<p>\u4e0b\u884c\u65b9\u9762\uff0c4.44%\u662f\u9996\u4e2a\u9700\u8981\u89c2\u5bdf\u7684\u652f\u6491\u3002\u4e00\u65e6\u8dcc\u7834\uff0c\u53ef\u80fd\u4e0b\u63a24.40%\u8fd9\u4e00\u5fc3\u7406\u5173\u53e3\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u504f\u591a\u4e0e\u504f\u7a7a\u60c5\u666f<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u60c5\u666f<\/strong><\/td><td><strong>\u89e6\u53d1\u6761\u4ef6<\/strong><\/td><td><strong>\u6f5c\u5728\u5e02\u573a\u53cd\u5e94<\/strong><\/td><\/tr><tr><td>\u6536\u76ca\u7387\u56de\u5347<\/td><td>\u4e0a\u78344.48%<\/td><td>US10Y\u6216\u56de\u6d4b4.50%<\/td><\/tr><tr><td>\u6536\u76ca\u7387\u7a81\u7834\u4e0a\u884c<\/td><td>\u7a81\u78344.50%<\/td><td>\u5173\u6ce8\u6216\u8f6c\u54114.52%\u81f34.56%<\/td><\/tr><tr><td>\u533a\u95f4\u6574\u7406<\/td><td>\u7ef4\u6301\u57284.44%\u81f34.50%<\/td><td>\u5e02\u573a\u6216\u7b49\u5f85\u66f4\u660e\u786e\u7684\u7f8e\u8054\u50a8\u4fe1\u53f7<\/td><\/tr><tr><td>\u6536\u76ca\u7387\u4e0b\u884c<\/td><td>\u8dcc\u78344.44%<\/td><td>US10Y\u6216\u4e0b\u63a24.40%<\/td><\/tr><tr><td>\u4e0b\u884c\u5ef6\u4f38<\/td><td>\u8dcc\u78344.40%<\/td><td>\u8dcc\u52bf\u6216\u5ef6\u4f38\u81f34.36%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u6536\u76ca\u7387\u4e0a\u884c\u60c5\u666f\u53d6\u51b3\u4e8eUS10Y\u4e0a\u78344.48%\uff0c\u5e76\u786e\u8ba4\u7a81\u78344.50%\u3002\u8fd9\u901a\u5e38\u610f\u5473\u7740\u5e02\u573a\u91cd\u65b0\u8ba1\u5165\u66f4\u7d27\u7684\u653f\u7b56\u9884\u671f\uff0c\u6216\u8ba4\u4e3a\u901a\u80c0\u66f4\u5177\u9ecf\u6027\uff08persistent inflation\uff0c\u6307\u901a\u80c0\u6301\u7eed\u4e0d\u6613\u56de\u843d\uff09\u3002<\/p>\n\n\n\n<p>\u66f4\u5f3a\u4e0a\u884c\u9700\u8981\u7a81\u78344.52%\u3002\u82e5\u6709\u6548\u7ad9\u4e0a\u8be5\u6c34\u5e73\uff0c\u53ef\u80fd\u54114.56%\u963b\u529b\u533a\u63a8\u8fdb\u3002<\/p>\n\n\n\n<p>\u4e2d\u6027\u60c5\u666f\u4e3a4.44%\u81f34.50%\u533a\u95f4\u5185\u6574\u7406\u3002\u533a\u95f4\u9707\u8361\u53ef\u80fd\u53cd\u6620\u4ea4\u6613\u5458\u5728FOMC\u7eaa\u8981\u4e0e\u540e\u7eed\u7f8e\u56fd\u56fd\u503a\u62cd\u5356\uff08Treasury auctions\uff0c\u7f8e\u56fd\u8d22\u653f\u90e8\u53d1\u884c\u56fd\u503a\u7684\u7ade\u4ef7\u9500\u552e\uff09\u524d\u4fdd\u6301\u89c2\u671b\u3002<\/p>\n\n\n\n<p>\u6536\u76ca\u7387\u4e0b\u884c\u60c5\u666f\u5728\u8dcc\u78344.44%\u540e\u589e\u5f3a\u3002\u82e5\u786e\u8ba4\u8dcc\u7834\uff0c4.40%\u5c06\u6210\u4e3a\u7126\u70b9\uff1b\u82e54.40%\u4e5f\u5931\u5b88\uff0c\u6536\u76ca\u7387\u53ef\u80fd\u56de\u5230\u7ea64.36%\u7684\u8fd1\u671f\u6ce2\u6bb5\u4f4e\u70b9\u3002<\/p>\n\n\n\n<p>\u6536\u76ca\u7387\u4e0b\u884c\u901a\u5e38\u5229\u597d\u56fd\u503a\u4ef7\u683c\uff1b\u6536\u76ca\u7387\u4e0a\u884c\u901a\u5e38\u538b\u5236\u56fd\u503a\u4ef7\u683c\u3002<\/p>\n\n\n\n<p><em>\u514d\u8d23\u58f0\u660e<\/em><\/p>\n\n\n\n<p><em>\u4e0a\u8ff0\u4ef7\u683c\u6c34\u5e73\u4e0e\u4ea4\u6613\u60c5\u666f\u4ec5\u4ee3\u8868\u4f5c\u8005\u5199\u4f5c\u65f6\u89c2\u70b9\uff0c\u4e0d\u6784\u6210\u4efb\u4f55\u6295\u8d44\u5efa\u8bae\uff0c\u4e5f\u4e0d\u6784\u6210VT Markets\u7684\u5b98\u65b9\u63a8\u8350\u3002\u4ea4\u6613\u8005\u5e94\u72ec\u7acb\u5206\u6790\u5e76\u505a\u597d\u98ce\u9669\u7ba1\u7406\uff08risk management\uff0c\u6307\u901a\u8fc7\u4ed3\u4f4d\u3001\u6b62\u635f\u7b49\u65b9\u5f0f\u63a7\u5236\u53ef\u80fd\u4e8f\u635f\uff09\u3002<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u5728VT Markets\u4ea4\u6613\u7f8e\u56fd\u56fd\u503a\u5dee\u4ef7\u5408\u7ea6\uff08CFD\uff09<\/h2>\n\n\n\n<p>\u5f53\u5c31\u4e1a\u6570\u636e\u3001\u901a\u80c0\u9884\u671f\u4e0e\u7f8e\u8054\u50a8\u653f\u7b56\u4fe1\u53f7\u53d8\u5316\u65f6\uff0c\u7f8e\u56fd\u56fd\u503a\u5e02\u573a\u53ef\u80fd\u51fa\u73b0\u8f83\u5927\u6ce2\u52a8\u3002<\/p>\n\n\n\n<p>\u901a\u8fc7VT Markets\uff0c\u4ea4\u6613\u8005\u53ef\u5728\u540c\u4e00\u4ea4\u6613\u5e73\u53f0\u5173\u6ce8\u5e76\u4ea4\u6613\u503a\u5238\u5dee\u4ef7\u5408\u7ea6\uff08Bond CFD\uff0c\u5dee\u4ef7\u5408\u7ea6\uff1a\u4e0d\u4e70\u5165\u6807\u7684\u56fd\u503a\u672c\u8eab\uff0c\u800c\u662f\u5c31\u4ef7\u683c\u6da8\u8dcc\u8fdb\u884c\u5408\u7ea6\u4ea4\u6613\u7684\u884d\u751f\u54c1\uff09\u3002<\/p>\n\n\n\n<p>VT Markets\u63d0\u4f9b\u56fe\u8868\u4e0e\u5de5\u5177\uff0c\u7528\u4e8e\u8ddf\u8e2a\u6536\u76ca\u7387\u53d8\u5316\u3001\u8bc6\u522b\u5173\u952e\u70b9\u4f4d\u5e76\u6839\u636e\u5e02\u573a\u53d8\u5316\u8c03\u6574\u7b56\u7565\u3002\u65e0\u8bbaUS10Y\u4e0a\u78344.50%\u8fd8\u662f\u8dcc\u78344.40%\uff0c\u90fd\u53ef\u501f\u52a9\u56fe\u8868\u5de5\u5177\u4e0e\u8d26\u6237\u8bbe\u7f6e\u8fdb\u884c\u8ddf\u8e2a\u3002<\/p>\n\n\n\n<p>\u4e86\u89e3\u66f4\u591a\uff1a\u5728VT Markets\u4ea4\u6613<a href=\"https:\/\/www.vtmarkets.com\/cfd-bonds\/\">\u503a\u5238\u5dee\u4ef7\u5408\u7ea6<\/a>\uff0c\u70b9\u51fb<a href=\"https:\/\/www.vtmarkets.com\/Insights\/\">\u6b64\u5904<\/a>\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e3a\u4f55\u4ea4\u6613\u7f8e\u56fd\u56fd\u503a\u5dee\u4ef7\u5408\u7ea6\uff1f<\/h2>\n\n\n\n<p>\u503a\u5238\u5dee\u4ef7\u5408\u7ea6\u5141\u8bb8\u4ea4\u6613\u8005\u5728\u4e0d\u4e70\u5165\u5e95\u5c42\u56fd\u503a\u7684\u60c5\u51b5\u4e0b\uff0c\u5224\u65ad\u503a\u5238\u4ef7\u683c\u4e0a\u6da8\u6216\u4e0b\u8dcc\u3002<\/p>\n\n\n\n<p>\u7531\u4e8e\u56fd\u503a\u4ef7\u683c\u4e0e\u6536\u76ca\u7387\u901a\u5e38\u53cd\u5411\u6ce2\u52a8\uff0cUS10Y\u4e0b\u884c\u5f80\u5f80\u5bf9\u5e94\u56fd\u503a\u4ef7\u683c\u8d70\u9ad8\uff1b\u6536\u76ca\u7387\u4e0a\u884c\u5219\u53ef\u80fd\u538b\u5236\u56fd\u503a\u4ef7\u683c\u3002<\/p>\n\n\n\n<p>\u5f53\u5c31\u4e1a\u62a5\u544a\u3001\u901a\u80c0\u6570\u636e\u4e0e\u7f8e\u8054\u50a8\u51b3\u7b56\u5f15\u53d1\u6ce2\u52a8\u65f6\uff0c\u503a\u5238\u5dee\u4ef7\u5408\u7ea6\u53ef\u7528\u4e8e\u53c2\u4e0e\u7f8e\u56fd\u56fd\u503a\u5e02\u573a\u7684\u4ef7\u683c\u53d8\u5316\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u63a5\u4e0b\u6765\u5173\u6ce8\u4ec0\u4e48<\/h2>\n\n\n\n<p>\u91cd\u70b9\u4e8b\u4ef6\u662f\u7f8e\u8054\u50a8<strong>6\u670816\u65e5\u81f317\u65e5<\/strong>\u4f1a\u8bae\u7eaa\u8981\uff0c\u8ba1\u5212\u4e8e<strong>7\u67088\u65e5\uff08\u5468\u4e09\uff09<\/strong>\u516c\u5e03\u3002<\/p>\n\n\n\n<p>\u4ea4\u6613\u5458\u5c06\u91cd\u70b9\u5bfb\u627e\u4ee5\u4e0b\u4fe1\u606f\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u662f\u5426\u5b58\u5728\u5bf9\u518d\u6b21\u52a0\u606f\u7684\u66f4\u591a\u652f\u6301<\/li>\n\n\n\n<li>\u5bf9\u901a\u80c0\u6301\u7eed\u504f\u9ad8\u7684\u62c5\u5fe7\u7a0b\u5ea6<\/li>\n\n\n\n<li>\u662f\u5426\u8ba8\u8bba\u4e86\u5c31\u4e1a\u589e\u957f\u653e\u7f13<\/li>\n\n\n\n<li>\u54ea\u4e9b\u7ecf\u6d4e\u6761\u4ef6\u53d8\u5316\u53ef\u80fd\u4fc3\u4f7f\u653f\u7b56\u7acb\u573a\u8c03\u6574\uff08policy stance\uff0c\u6307\u504f\u7d27\u6216\u504f\u677e\u7684\u653f\u7b56\u53d6\u5411\uff09<\/li>\n\n\n\n<li>\u5b98\u5458\u5982\u4f55\u6743\u8861\u901a\u80c0\u4e0e\u5c31\u4e1a\u7684\u98ce\u9669<\/li>\n<\/ul>\n\n\n\n<p>\u7eaa\u8981\u63aa\u8f9e\u53ef\u80fd\u5f71\u54cdUS10Y\u662f\u7ee7\u7eed\u53d7\u5236\u4e8e4.50%\u4e0b\u65b9\uff0c\u8fd8\u662f\u6062\u590d\u6b64\u524d\u4e0a\u884c\u3002<\/p>\n\n\n\n<p>\u7f8e\u56fd\u56fd\u503a\u62cd\u5356\u4e5f\u5c06\u68c0\u9a8c\u6295\u8d44\u8005\u9700\u6c42\u300210\u5e74\u671f\u4e0e30\u5e74\u671f\u56fd\u503a\u53d1\u884c\u7ed3\u679c\uff0c\u80fd\u53cd\u6620\u4e70\u65b9\u662f\u5426\u613f\u610f\u5728\u5f53\u524d\u6536\u76ca\u7387\u6c34\u5e73\u5438\u7eb3\u66f4\u957f\u671f\u9650\u653f\u5e9c\u503a\u52a1\uff08longer-dated debt\uff0c\u6307\u671f\u9650\u66f4\u957f\u7684\u503a\u52a1\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The US bond market faces a test of investor demand for longer-dated maturities, with auctions of 10- and 30-year Treasuries highlighting an otherwise light week <a href=\"https:\/\/t.co\/1YfgUxRNTh\">https:\/\/t.co\/1YfgUxRNTh<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/x.com\/business\/status\/2073894950693998769?ref_src=twsrc%5Etfw\">July 5, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u82e5\u62cd\u5356\u9700\u6c42\u5f3a\u52b2\uff0c\u53ef\u80fd\u6291\u5236US10Y\u4e0a\u884c\uff1b\u82e5\u8ba4\u8d2d\u504f\u5f31\uff08bidding 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