{"id":40964,"date":"2026-03-25T18:58:23","date_gmt":"2026-03-25T18:58:23","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/40964\/"},"modified":"2026-03-25T18:58:23","modified_gmt":"2026-03-25T18:58:23","slug":"3%e6%9c%88%e7%be%8e%e5%9c%8bmba%e6%88%bf%e8%b2%b8%e7%94%b3%e8%ab%8b%e9%87%8f%e5%b0%8f%e5%b9%85%e4%b8%8a%e5%8d%87%ef%bc%8c%e9%99%8d%e5%b9%85%e7%94%b1-10-9-%e6%94%b6%e7%aa%84%e8%87%b3-10-5","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/40964\/","title":{"rendered":"3\u6708\u7f8e\u570bMBA\u623f\u8cb8\u7533\u8acb\u91cf\u5c0f\u5e45\u4e0a\u5347\uff0c\u964d\u5e45\u7531 -10.9% \u6536\u7a84\u81f3 -10.5%"},"content":{"rendered":"\u7f8e\u570b MBA\uff08\u62b5\u62bc\u8cb8\u6b3e\u9280\u884c\u5bb6\u5354\u6703\uff09\u622a\u81f3 3 \u6708 20 \u65e5\u7684\u623f\u8cb8\u7533\u8acb\u91cf\uff0c\u5f9e -10.9% \u5c0f\u5e45\u56de\u5347\u5230 -10.5%\u3002\u4f46\u8cc7\u6599\u4ecd\u986f\u793a\u7533\u8acb\u91cf\u6574\u9ad4\u4e0b\u6ed1\u3002\n\n\u623f\u8cb8\u7533\u8acb\u91cf\u5f9e\u4e0b\u6ed1 -10.9% \u6539\u5584\u5230\u4e0b\u6ed1 -10.5%\uff0c\u4e0d\u4ee3\u8868\u623f\u5e02\u5fa9\u7526\u3002\u9019\u6bd4\u8f03\u50cf\u662f\u5927\u5e45\u4e0b\u8dcc\u5f8c\u7684\u964d\u6eab\uff0c\u986f\u793a\u6839\u672c\u6027\u7684\u75b2\u5f31\u4ecd\u5728\u3002\u9019\u4e5f\u4ee3\u8868\uff0c\u63a5\u4e0b\u4f86\u5e7e\u9031\u623f\u5e02\u76f8\u95dc\u80a1\u7968\u82e5\u53cd\u5f48\uff0c\u53ef\u80fd\u6703\u9047\u5230\u8ce3\u58d3\u3002\n\n<h3>\u5229\u7387\u4ecd\u4e3b\u5c0e\u8cfc\u5c4b\u8ca0\u64d4\u80fd\u529b<\/h3>\n\u9019\u4efd\u8cc7\u6599\u5e7e\u4e4e\u4e0d\u6703\u6539\u8b8a\u7f8e\u570b\u806f\u6e96\u6703\uff08Federal Reserve\uff0c\u7c21\u7a31 Fed\uff1b\u8ca0\u8cac\u5236\u5b9a\u8ca8\u5e63\u653f\u7b56\u7684\u4e2d\u592e\u9280\u884c\uff09\u7684\u8def\u5f91\uff0c\u56e0\u70ba\u5229\u7387\u4ecd\u662f\u8cfc\u5c4b\u8ca0\u64d4\u80fd\u529b\uff08\u8cb7\u623f\u3001\u8cb8\u6b3e\u662f\u5426\u8ca0\u64d4\u5f97\u8d77\uff09\u7684\u6700\u5927\u969c\u7919\u3002Fed funds futures\uff08\u806f\u90a6\u57fa\u91d1\u5229\u7387\u671f\u8ca8\uff1b\u7528\u4f86\u62bc\u6ce8\u672a\u4f86\u653f\u7b56\u5229\u7387\u8d70\u5411\u7684\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\uff09\u4ecd\u53cd\u6620\uff1a5 \u6708\u964d\u606f 25 \u500b\u57fa\u9ede\uff08basis point\uff0c\u57fa\u9ede\uff1b1 \u57fa\u9ede = 0.01%\uff0c25 \u57fa\u9ede = 0.25%\uff09\u7684\u6a5f\u7387\u7d04 60%\uff0c\u800c\u9019\u4efd\u5831\u544a\u7684\u529b\u5ea6\u4e0d\u8db3\u4ee5\u6539\u8b8a\u9019\u500b\u5224\u65b7\u3002\u56e0\u6b64\uff0c\u8f03\u9ad8\u7684\u501f\u8cb8\u6210\u672c\u4ecd\u53ef\u80fd\u6301\u7e8c\u58d3\u6291\u623f\u5e02\u3002\n\n\u66f4\u5ee3\u6cdb\u7684\u7d71\u8a08\u4e5f\u652f\u6301\u504f\u5f31\u7684\u524d\u666f\uff1a\u5168\u7f8e\u623f\u5c4b\u5eab\u5b58\uff08housing inventory\uff1b\u5e02\u5834\u4e0a\u5f85\u552e\u623f\u5c4b\u6578\u91cf\uff09\u76ee\u524d\u5e74\u589e 18%\u3002\u4f9b\u7d66\u589e\u52a0\uff0c\u518d\u52a0\u4e0a\u6700\u65b0 S&#038;P Case-Shiller\uff08\u6a19\u666e\u51f1\u65af-\u5e2d\u52d2\u623f\u50f9\u6307\u6578\uff1b\u8861\u91cf\u7f8e\u570b\u623f\u50f9\u8b8a\u5316\u7684\u6307\u6a19\uff09\u986f\u793a\u623f\u50f9\u5e74\u6e1b 0.7%\uff0c\u90fd\u5f37\u5316\u504f\u7a7a\uff08bearish\uff1b\u770b\u8dcc\u3001\u9810\u671f\u8d70\u5f31\uff09\u7684\u7406\u7531\u3002\u9019\u7a2e\u74b0\u5883\u4e0b\uff0c\u5efa\u5546\u8207\u76f8\u95dc\u7522\u696d\u5f88\u96e3\u771f\u6b63\u8d70\u5f37\u3002\n\n\u6211\u5011\u4ee5\u524d\u898b\u904e\u985e\u4f3c\u60c5\u6cc1\uff0c\u5c24\u5176\u5728 2025 \u5e74\u79cb\u5b63\uff0c\u7533\u8acb\u91cf\u4e5f\u66fe\u5c0f\u5e45\u6539\u5584\uff0c\u4f46\u53ea\u662f\u77ed\u66ab\u505c\u9813\uff0c\u4e4b\u5f8c\u5efa\u5546\u80a1\u7968\u4ecd\u7e8c\u8dcc\u3002\u9019\u6bb5\u6b77\u53f2\u63d0\u9192\uff1a\u5c0d\u76ee\u524d\u6578\u64da\u8981\u975e\u5e38\u8b39\u614e\u3002\u5b83\u66f4\u53ef\u80fd\u662f\u5927\u8dcc\u8da8\u52e2\u4e2d\u7684\u77ed\u66ab\u6b62\u7a69\uff0c\u800c\u4e0d\u662f\u53cd\u8f49\u958b\u59cb\u3002\n\n\u7531\u65bc\u5efa\u5546 ETF\uff08\u4ea4\u6613\u6240\u8cb7\u8ce3\u57fa\u91d1\uff1b\u50cf\u80a1\u7968\u4e00\u6a23\u5728\u4ea4\u6613\u6240\u8cb7\u8ce3\u3001\u7528\u4f86\u8ffd\u8e64\u4e00\u7c43\u5b50\u8cc7\u7522\u7684\u57fa\u91d1\uff09\u4f8b\u5982 XHB \u7684 implied volatility\uff08\u96b1\u542b\u6ce2\u52d5\u7387\uff1b\u671f\u6b0a\u50f9\u683c\u53cd\u6620\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u52d5\u7684\u9810\u671f\uff09\u504f\u9ad8\uff0c\u8cb7 puts\uff08\u8ce3\u6b0a\uff1b\u5728\u5230\u671f\u524d\u7528\u56fa\u5b9a\u50f9\u683c\u8ce3\u51fa\u6a19\u7684\u7684\u6b0a\u5229\uff0c\u7528\u4f86\u62bc\u6ce8\u4e0b\u8dcc\uff09\u76ee\u524d\u6210\u672c\u8f03\u9ad8\u3002\u8f03\u53ef\u884c\u7684\u4f5c\u6cd5\u662f\u8ce3\u51fa out-of-the-money call credit spreads\uff08\u50f9\u5916\u7684\u8ce3\u6b0a\u5229\u5dee\u66f4\u6b63\uff1a\u6b64\u8655\u70ba\u300c\u50f9\u5916\u8cb7\u6b0a\u7684\u4fe1\u7528\u50f9\u5dee\u300d\uff1b\u540c\u6642\u8ce3\u51fa\u8f03\u4f4e\u5c65\u7d04\u50f9\u8cb7\u6b0a\u3001\u8cb7\u5165\u8f03\u9ad8\u5c65\u7d04\u50f9\u8cb7\u6b0a\uff0c\u4ee5\u6536\u53d6\u6b0a\u5229\u91d1\uff0c\u8cfa\u53d6\u6a19\u7684\u6301\u5e73\u6216\u4e0b\u8dcc\uff09\uff0c\u82e5 ETF \u6a6b\u76e4\u6216\u4e0b\u8dcc\u5c31\u53ef\u80fd\u7372\u5229\u3002\u9019\u80fd\u6536\u53d6 premium\uff08\u6b0a\u5229\u91d1\uff1b\u8cb7\u8ce3\u671f\u6b0a\u652f\u4ed8\/\u6536\u53d6\u7684\u50f9\u683c\uff09\uff0c\u540c\u6642\u62bc\u6ce8\u4e0d\u6703\u51fa\u73fe\u8cc7\u6599\u6240\u4e0d\u652f\u6301\u7684\u5927\u5e45\u53cd\u5f48\u3002\n\n<h3>\u5340\u57df\u6027\u9280\u884c\u9762\u81e8\u623f\u8cb8\u9006\u98a8<\/h3>\n\u5c0d\u95dc\u6ce8\u91d1\u878d\u80a1\u7684\u4ea4\u6613\u8005\u800c\u8a00\uff0cKRE ETF\uff08\u8ffd\u8e64\u7f8e\u570b\u5340\u57df\u6027\u9280\u884c\u7684 ETF\uff09\u50b3\u51fa\u7684\u8a0a\u865f\u4e5f\u504f\u8ca0\u9762\u3002\u623f\u8cb8\u627f\u4f5c\uff08mortgage origination\uff1b\u9280\u884c\u767c\u653e\u4e26\u5efa\u7acb\u65b0\u7684\u623f\u8cb8\uff09\u6301\u7e8c\u504f\u5f31\uff0c\u6703\u58d3\u7e2e\u5b83\u5011\u7684\u7372\u5229\u3002\u6211\u5011\u8a8d\u70ba\uff0c\u5728 KRE \u4e0a\u5efa\u7acb put debit spreads\uff08\u8ce3\u6b0a\u501f\u65b9\u50f9\u5dee\uff1b\u8cb7\u5165\u8f03\u9ad8\u5c65\u7d04\u50f9\u8ce3\u6b0a\u3001\u8ce3\u51fa\u8f03\u4f4e\u5c65\u7d04\u50f9\u8ce3\u6b0a\uff0c\u4ee5\u652f\u4ed8\u6de8\u6b0a\u5229\u91d1\uff0c\u98a8\u96aa\u8207\u640d\u76ca\u8f03\u660e\u78ba\uff09\u662f\u5e03\u5c40\u8a72\u677f\u584a\u9032\u4e00\u6b65\u4e0b\u884c\u7684\u65b9\u5f0f\u4e4b\u4e00\u3002\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 -->","protected":false},"excerpt":{"rendered":"<p>\u623f\u8cb8\u7533\u8acb\u8dcc\u5e45\u50c5\u7531-10.9%\u7e2e\u81f3-10.5%\uff0c\u5225\u88ab\u9a19\uff1a\u623f\u5e02\u4ecd\u5f31\u3002\u9ad8\u5229\u7387\u58d3\u8ca0\u64d4\uff0c\u5eab\u5b58\u589e\u3001\u623f\u50f9\u8dcc\uff0c\u5efa\u5546\u8207\u5340\u9280\u6050\u53cd\u5f48\u9047\u8ce3\u58d3\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-40964","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\/zh-ca\/wp-json\/wp\/v2\/posts\/40964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/comments?post=40964"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/40964\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=40964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=40964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=40964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}