{"id":40636,"date":"2026-03-20T22:58:56","date_gmt":"2026-03-20T22:58:56","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/40636\/"},"modified":"2026-03-20T22:58:56","modified_gmt":"2026-03-20T22:58:56","slug":"%e4%b8%ad%e6%9d%b1%e8%a1%9d%e7%aa%81%e5%8d%87%e6%ba%ab%e8%88%87%e6%b2%b9%e5%83%b9%e4%b8%8a%e6%bc%b2%e5%bc%95%e7%99%bc%e9%81%bf%e9%9a%aa%e6%83%85%e7%b7%92%ef%bc%8c%e7%be%8e%e5%85%83%e8%b5%b0%e5%bc%b7","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/40636\/","title":{"rendered":"\u4e2d\u6771\u885d\u7a81\u5347\u6eab\u8207\u6cb9\u50f9\u4e0a\u6f32\u5f15\u767c\u907f\u96aa\u60c5\u7dd2\uff0c\u7f8e\u5143\u8d70\u5f37\u63a8\u52d5\u82f1\u938a\/\u7f8e\u5143\u8dcc\u7834 1.3350"},"content":{"rendered":"\u82f1\u938a\/\u7f8e\u5143\u9031\u4e94\u4e0b\u8dcc 0.84%\u3002\u7531\u65bc\u4e2d\u6771\u6230\u4e8b\u5347\u6eab\uff0c\u5e02\u5834\u66f4\u504f\u5411\u907f\u96aa\uff08\u8cc7\u91d1\u50be\u5411\u8cb7\u5165\u8f03\u5b89\u5168\u7684\u8cc7\u7522\uff09\uff0c\u540c\u6642\u5e02\u5834\u8a8d\u70ba 2026 \u5e74\u806f\u6e96\u6703\u4e0d\u6703\u964d\u606f\u3002\u532f\u50f9\u5728\u89f8\u53ca\u65e5\u5167\u9ad8\u9ede 1.3442 \u5f8c\uff0c\u56de\u843d\u4e26\u8dcc\u7834 1.3350\u3002\n\n\u539f\u6cb9\u50f9\u683c\u8d70\u9ad8\u652f\u6490\u7f8e\u5143\uff1b\u7f8e\u5143\u6307\u6578\uff08DXY\uff0c\u7528\u4e00\u7c43\u5b50\u4e3b\u8981\u8ca8\u5e63\u8861\u91cf\u7f8e\u5143\u5f37\u5f31\u7684\u6307\u6a19\uff09\u4e0a\u6f32 0.48%\u3002\u56e0\u80fd\u6e90\u5e36\u52d5\u7684\u901a\u81a8\u64d4\u6182\u5347\u6eab\uff0c\u7f8e\u5143\u9700\u6c42\u589e\u52a0\u3002\n\n<h3>Central Bank Signals And Market Pricing<\/h3>\n\u82f1\u683c\u862d\u9280\u884c\uff08BoE\uff0c\u82f1\u570b\u4e2d\u592e\u9280\u884c\uff09\u7dad\u6301\u57fa\u6e96\u5229\u7387\uff08Bank Rate\uff0c\u82f1\u570b\u653f\u7b56\u5229\u7387\uff09\u4e0d\u8b8a\uff0c\u6295\u7968\u7d50\u679c 9 \u6bd4 0\u3002\u539f\u56e0\u4e4b\u4e00\u662f\u5916\u90e8\u901a\u81a8\u885d\u64ca\uff0c\u8207\u7f8e\u570b\u3001\u4ee5\u8272\u5217\u5c0d\u4f0a\u6717\u7684\u6230\u4e8b\u76f8\u95dc\u3002\u4e4b\u5f8c\uff0c\u8ca8\u5e63\u5e02\u5834\uff08\u7528\u5229\u7387\u671f\u8ca8\u7b49\u5de5\u5177\u63a8\u7b97\u672a\u4f86\u5229\u7387\u7684\u5e02\u5834\uff09\u9810\u671f\u82f1\u570b\u5728\u5e74\u5e95\u524d\u5408\u8a08\u5347\u606f 78 \u500b\u57fa\u9ede\uff08basis points\uff0cbp\uff1b1 \u500b\u57fa\u9ede = 0.01%\uff0c78 bp = 0.78 \u500b\u767e\u5206\u9ede\uff09\u3002\n\n\u806f\u6e96\u6703\uff08Fed\uff0c\u7f8e\u570b\u4e2d\u592e\u9280\u884c\uff09\u4e5f\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u3002\u4e3b\u5e2d\u9b91\u723e\uff08Jerome Powell\uff09\u8868\u793a\u662f\u5426\u964d\u606f\u53d6\u6c7a\u65bc\u901a\u81a8\u662f\u5426\u9032\u4e00\u6b65\u6539\u5584\uff0c\u4e26\u8b66\u544a\u4f0a\u6717\u6230\u4e8b\u53ef\u80fd\u63a8\u5347\u901a\u81a8\u3002\u7406\u4e8b\u6c83\u52d2\uff08Christopher Waller\uff09\u8868\u793a\uff0c\u82e5\u6cb9\u50f9\u9ad8\u6a94\u7dad\u6301\u6578\u6708\uff0c\u53ef\u80fd\u50b3\u5c0e\u5230\u6838\u5fc3\u901a\u81a8\uff08core inflation\uff0c\u6263\u9664\u6ce2\u52d5\u8f03\u5927\u7684\u98df\u54c1\u8207\u80fd\u6e90\u5f8c\u7684\u901a\u81a8\uff09\uff0c\u800c\u7406\u4e8b\u9b91\u66fc\uff08Michelle Bowman\uff09\u8868\u793a\u5979\u9810\u4f30\u4eca\u5e74\u53ef\u80fd\u964d\u606f\u4e09\u6b21\u3002\n\n\u5e02\u5834\u4f9d Prime Market Terminal \u7684\u8cc7\u6599\u63a8\u7b97\uff0c\u4e0b\u6b21\u6703\u8b70\u806f\u6e96\u6703\u5347\u606f\u7684\u6a5f\u7387\u70ba 13%\u3002\u4e0b\u9031\u5c07\u516c\u5e03\u7f8e\u570b\u521d\u503c PMI\uff08Flash PMI\uff0c\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\u7684\u521d\u6b65\u4f30\u8a08\uff0c\u7528\u4f86\u8861\u91cf\u666f\u6c23\uff09\u3001\u521d\u9818\u5931\u696d\u91d1\u4eba\u6578\uff08Jobless Claims\uff0c\u53cd\u6620\u5c31\u696d\u5e02\u5834\u71b1\u5ea6\uff09\u8207\u6279\u767c\u5eab\u5b58\uff08Wholesale Inventories\uff0c\u89c0\u5bdf\u5eab\u5b58\u8207\u9700\u6c42\u8b8a\u5316\uff09\uff0c\u4ee5\u53ca\u82f1\u570b\u521d\u503c PMI\u3001CPI\uff08\u6d88\u8cbb\u8005\u7269\u50f9\u6307\u6578\uff0c\u8861\u91cf\u6c11\u773e\u8cfc\u8cb7\u5546\u54c1\u8207\u670d\u52d9\u7684\u50f9\u683c\u8b8a\u5316\uff09\u8207 PPI\uff08\u751f\u7522\u8005\u7269\u50f9\u6307\u6578\uff0c\u8861\u91cf\u51fa\u5ee0\u7aef\u50f9\u683c\u8b8a\u5316\uff09\u3002\n\n\u6280\u8853\u9762\uff08\u4ee5\u50f9\u683c\u8d70\u52e2\u8207\u5716\u8868\u63a8\u4f30\u652f\u6490\/\u963b\u529b\uff09\u4f86\u770b\uff0c\u82f1\u938a\/\u7f8e\u5143\u5728 1.3313\uff1b\u4e0a\u65b9\u963b\u529b\u5728 1.3400\u30011.3500\u30011.3650\uff1b\u4e0b\u65b9\u652f\u6490\u5728 1.3313\u30011.3250\u30011.3035\u3002\u82e5\u6536\u76e4\u8dcc\u7834 1.3250\uff0c\u53ef\u80fd\u8d70\u5411 1.30 \u9644\u8fd1\uff1b\u82e5\u5347\u7834 1.3500\uff0c\u7126\u9ede\u5c07\u56de\u5230 1.3650\u3002\n\n<h3>Options Positioning For Elevated Volatility<\/h3>\n\u82e5\u504f\u7a7a\uff0c\u53ef\u8003\u616e\u718a\u5e02\u8ce3\u51fa\u50f9\u5dee\uff08bear put spread\uff1a\u8cb7\u5165\u4e00\u500b\u8ce3\u6b0a\u3001\u540c\u6642\u8ce3\u51fa\u53e6\u4e00\u500b\u8f03\u4f4e\u5c65\u7d04\u50f9\u7684\u8ce3\u6b0a\uff1b\u7528\u9650\u5236\u7372\u5229\u4e0a\u9650\u63db\u53d6\u964d\u4f4e\u6210\u672c\uff09\u800c\u975e\u76f4\u63a5\u8cb7\u8ce3\u6b0a\uff08put\uff0c\u8ce3\u6b0a\uff1b\u50f9\u683c\u4e0b\u8dcc\u6642\u8f03\u6709\u5229\uff09\u3002\u77ed\u671f\u4ee5 1.3250 \u652f\u6490\u70ba\u76ee\u6a19\u8f03\u5408\u7406\uff0c\u53ea\u8981\u5730\u7de3\u653f\u6cbb\u7dca\u5f35\u4ecd\u9ad8\u3002\u6b64\u7b56\u7565\u80fd\u5148\u628a\u6700\u5927\u98a8\u96aa\u56fa\u5b9a\uff0c\u540c\u6642\u5229\u7528\u7576\u524d\u4e0b\u8dcc\u52d5\u80fd\u3002\n\n\u4f46\u5373\u5c07\u516c\u5e03\u7684\u82f1\u570b\u901a\u81a8\u6578\u64da\u662f\u4e0d\u78ba\u5b9a\u56e0\u7d20\uff0c\u53ef\u80fd\u5feb\u901f\u626d\u8f49\u8d70\u52e2\u3002\u82f1\u570b CPI \u5728 2 \u6708\u610f\u5916\u5347\u81f3 3.5%\uff0c\u82e5\u518d\u5ea6\u9ad8\u65bc\u9810\u671f\uff0c\u5c07\u5927\u5e45\u589e\u52a0\u82f1\u683c\u862d\u9280\u884c\u66f4\u7a4d\u6975\u5347\u606f\u7684\u58d3\u529b\uff08\u53ef\u80fd\u8d85\u904e\u5df2\u88ab\u5e02\u5834\u8a08\u5165\u7684 78 \u500b\u57fa\u9ede\uff09\u3002\u56e0\u6b64\uff0c\u5728\u6578\u64da\u516c\u5e03\u524d\u5f8c\u6301\u6709\u7a7a\u55ae\u98a8\u96aa\u5f88\u9ad8\u3002\n\n\u82e5\u8981\u4ea4\u6613\u82f1\u570b CPI \u516c\u5e03\u524d\u5f8c\u53ef\u80fd\u51fa\u73fe\u7684\u6ce2\u52d5\u64f4\u5927\uff0c\u53ef\u8003\u616e\u8cb7\u5165\u5bec\u8de8\u5f0f\uff08long strangle\uff1a\u540c\u6642\u8cb7\u5165\u4e00\u500b\u50f9\u5916\u8cb7\u6b0a\u8207\u4e00\u500b\u50f9\u5916\u8ce3\u6b0a\uff1b\u50f9\u5916 out-of-the-money \u6307\u5c65\u7d04\u50f9\u8b93\u8a72\u671f\u6b0a\u76ee\u524d\u6c92\u6709\u5167\u542b\u50f9\u503c\uff09\u3002\u6b64\u7b56\u7565\u53ef\u5728\u50f9\u683c\u5927\u5e45\u4e0a\u6f32\u6216\u4e0b\u8dcc\u6642\u7372\u5229\uff0c\u5c6c\u65bc\u7d14\u6ce2\u52d5\u7387\u7b56\u7565\uff08\u62bc\u6ce8\u5e02\u5834\u6ce2\u52d5\u6703\u8b8a\u5927\uff0c\u800c\u975e\u9810\u6e2c\u65b9\u5411\uff09\uff0c\u524d\u63d0\u662f\u6578\u64da\u5927\u5e45\u51fa\u4e4e\u5e02\u5834\u9810\u671f\u3002\n\n\u985e\u4f3c\u60c5\u6cc1\u5728 2022 \u5e74\u4e5f\u51fa\u73fe\u904e\uff1a\u6b50\u6d32\u5730\u7de3\u885d\u7a81\u5f15\u767c\u80fd\u6e90\u885d\u64ca\uff0c\u8feb\u4f7f\u5404\u570b\u592e\u884c\u5927\u5e45\u5347\u606f\u3002\u7576\u6642\u806f\u6e96\u6703\u7684\u53cd\u61c9\u986f\u793a\u5176\u5c0d\u6297\u5546\u54c1\uff08\u5927\u5b97\u5546\u54c1\uff0c\u5982\u539f\u6cb9\uff09\u5e36\u52d5\u901a\u81a8\u7684\u6c7a\u5fc3\uff0c\u4e5f\u652f\u6490\u5176\u76ee\u524d\u504f\u9df9\u7acb\u5834\uff08hawkish\uff0c\u504f\u5411\u5347\u606f\/\u4e0d\u6025\u964d\u606f\u4ee5\u6291\u5236\u901a\u81a8\uff09\u3002\u6b77\u53f2\u7d93\u9a57\u986f\u793a\uff0c\u7576\u504f\u9df9\u7684\u806f\u6e96\u6703\u8207\u504f\u9df9\u7684\u82f1\u683c\u862d\u9280\u884c\u540c\u6642\u5b58\u5728\u6642\uff0c\u5168\u7403\u5c40\u52e2\u4e0d\u7a69\u5f80\u5f80\u8b93\u7f8e\u5143\u53d7\u76ca\u3002\n\n\u5f9e\u6280\u8853\u9762\u770b\uff0c1.3400 \u8207 1.3500 \u7684\u963b\u529b\u77ed\u671f\u4ecd\u660e\u986f\u3002\u82e5\u4ea4\u6613\u8005\u8a8d\u70ba\u4e0a\u6f32\u7a7a\u9593\u6709\u9650\uff0c\u53ef\u8003\u616e\u8ce3\u51fa\u8cb7\u6b0a\u50f9\u5dee\uff08sell call spread\uff1a\u8ce3\u51fa\u4e00\u500b\u8cb7\u6b0a\u3001\u540c\u6642\u8cb7\u5165\u4e00\u500b\u66f4\u9ad8\u5c65\u7d04\u50f9\u7684\u8cb7\u6b0a\uff1b\u7528\u9650\u5236\u6700\u5927\u640d\u5931\u63db\u53d6\u6b0a\u5229\u91d1\u6536\u5165\uff09\uff0c\u4f8b\u5982\u628a\u8f03\u4f4e\uff08\u8ce3\u51fa\uff09\u7684\u5c65\u7d04\u50f9\u8a2d\u5728 1.3450 \u4e4b\u4e0a\uff0c\u4ee5\u7372\u53d6\u6536\u5165\u3002\u6b64\u505a\u6cd5\u5229\u7528\u671f\u6b0a\u6b0a\u5229\u91d1\u504f\u9ad8\uff08premium\uff0c\u671f\u6b0a\u50f9\u683c\uff09\u540c\u6642\u628a\u98a8\u96aa\u9650\u5236\u5728\u53ef\u63a7\u7bc4\u570d\u5167\u3002\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">\u5efa\u7acb\u4f60\u7684 VT Markets \u771f\u5be6\u5e33\u6236<\/a>\u00a0\u4e26\u7acb\u5373\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">\u958b\u59cb\u4ea4\u6613<\/a>\u3002 <\/b>\n<p>\n\n<p><strong>\u7acb\u5373\u958b\u59cb\u4ea4\u6613 &#8211; \u9ede\u64ca<a href=\"https:\/\/www.vtmarketsglobal.com\/trade-now\/\">\u9019\u88e1<\/a>\u5275\u5efa\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236 <\/strong> <\/p>\n<!-- \/wp:post-content 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