{"id":43624,"date":"2026-03-27T21:44:57","date_gmt":"2026-03-27T21:44:57","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/43624\/"},"modified":"2026-03-27T21:44:57","modified_gmt":"2026-03-27T21:44:57","slug":"bbh%e7%9a%84elias-haddad%e8%a1%a8%e7%a4%ba%ef%bc%8c%e6%b2%b9%e5%83%b9%e4%b8%8a%e6%bc%b2%e8%88%87%e8%b3%87%e7%94%a2%e4%b8%8b%e8%b7%8c%e6%83%a1%e5%8c%96%e9%a2%a8%e9%9a%aa%e6%83%85%e7%b7%92%ef%bc%8c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/43624\/","title":{"rendered":"BBH\u7684Elias Haddad\u8868\u793a\uff0c\u6cb9\u50f9\u4e0a\u6f32\u8207\u8cc7\u7522\u4e0b\u8dcc\u60e1\u5316\u98a8\u96aa\u60c5\u7dd2\uff0c\u900f\u904e\u878d\u8cc7\u9700\u6c42\u63a8\u5347\u7f8e\u5143"},"content":{"rendered":"\u5168\u7403\u98a8\u96aa\u6c23\u6c1b\u8f49\u5f31\uff0c\u56e0\u70ba\u6cb9\u50f9\u4e0a\u6f32\u3001\u80a1\u7968\u8207\u50b5\u5238\u4e0b\u8dcc\uff0c\u7f8e\u5143\u5c0d\u591a\u6578\u8ca8\u5e63\u8d70\u5f37\u3002\u5e03\u6717\u5144\u5f1f\u54c8\u91cc\u66fc\uff08Brown Brothers Harriman\uff09\u8a8d\u70ba\uff0c\u9019\u8207\u4f0a\u6717\u6230\u4e8b\u5f15\u767c\u3001\u53ef\u80fd\u9577\u671f\u5b58\u5728\u7684\u80fd\u6e90\u4f9b\u61c9\u885d\u64ca\u98a8\u96aa\u6709\u95dc\u3002\n\n\u9577\u671f\u7684\u80fd\u6e90\u885d\u64ca\u53ef\u80fd\u8b93\u5404\u570b\u592e\u884c\u7dad\u6301\u504f\u7dca\u7684\u653f\u7b56\uff08\u4e5f\u5c31\u662f\u628a\u5229\u7387\u7dad\u6301\u5728\u8f03\u9ad8\u6c34\u6e96\u3001\u9650\u5236\u501f\u8cb8\u8207\u652f\u51fa\uff09\uff0c\u4e26\u63d0\u9ad8\u91d1\u878d\u7a69\u5b9a\u98a8\u96aa\u3002\u5b83\u4e5f\u53ef\u80fd\u8b93\u653f\u5e9c\u50b5\u52d9\u72c0\u6cc1\u8b8a\u5f97\u66f4\u8106\u5f31\uff0c\u589e\u52a0\u7dad\u6301\u8ca1\u653f\u53ef\u6301\u7e8c\u6027\u7684\u96e3\u5ea6\u3002\n\n<h3>\u7f8e\u5143\u8d70\u5f37\u4e3b\u8981\u7531\u878d\u8cc7\u58d3\u529b\u63a8\u52d5<\/h3>\n\u8a72\u884c\u8868\u793a\uff0c\u7f8e\u5143\u53ef\u80fd\u7e7c\u7e8c\u4e0a\u6f32\uff0c\u4e3b\u56e0\u662f\u5e02\u5834\u5c0d\u300c\u7f8e\u5143\u8cc7\u91d1\u300d\u7684\u9700\u6c42\u589e\u52a0\uff08\u6307\u501f\u5f97\u5230\u7f8e\u5143\u3001\u7528\u7f8e\u5143\u878d\u8cc7\u7684\u9700\u6c42\uff09\uff0c\u800c\u4e0d\u662f\u55ae\u7d14\u56e0\u70ba\u907f\u96aa\u8cb7\u76e4\uff08\u8cc7\u91d1\u5728\u6050\u614c\u6642\u8cb7\u9032\u88ab\u8996\u70ba\u8f03\u5b89\u5168\u7684\u8cc7\u7522\uff09\u3002\u5728\u58d3\u529b\u6642\u671f\uff0c\u77ed\u671f\u7f8e\u5143\u878d\u8cc7\u9700\u6c42\u5e38\u6703\u98c6\u5347\uff0c\u56e0\u70ba\u7f8e\u5143\u5728\u570b\u969b\u8cbf\u6613\u958b\u7acb\u767c\u7968\u8207\u7d50\u7b97\uff08\u8cbf\u6613\u8a08\u50f9\/\u958b\u7968\uff09\u3001\u8de8\u5883\u653e\u6b3e\uff08\u4e0d\u540c\u570b\u5bb6\u4e4b\u9593\u7684\u501f\u8cb8\uff09\u3001\u5168\u7403\u50b5\u5238\u767c\u884c\uff08\u4ee5\u7f8e\u5143\u767c\u50b5\uff09\u3001\u5916\u532f\u5132\u5099\uff08\u5404\u570b\u592e\u884c\u6301\u6709\u7684\u7f8e\u5143\u8cc7\u7522\uff09\u4e2d\u90fd\u626e\u6f14\u6838\u5fc3\u89d2\u8272\u3002\n\n\u7f8e\u5143\u878d\u8cc7\u5403\u7dca\u53ef\u5f9e\u300c\u4ea4\u53c9\u8ca8\u5e63\u57fa\u5dee\u300d\u770b\u51fa\u4f86\uff0c\u5b83\u6b63\u671d\u300c\u66f4\u7a84\u3001\u4e14\u66f4\u504f\u8ca0\u503c\u300d\u7684\u65b9\u5411\u8b8a\u52d5\uff0c\u73fe\u5728\u5c31\u6b63\u5728\u767c\u751f\u3002\u4ea4\u53c9\u8ca8\u5e63\u57fa\u5dee\uff08cross-currency basis\uff09\u662f\u7528\u4f86\u8861\u91cf\u7528\u4e00\u7a2e\u8ca8\u5e63\u53bb\u63db\u53d6\u53e6\u4e00\u7a2e\u8ca8\u5e63\u878d\u8cc7\u6642\uff0c\u9700\u8981\u984d\u5916\u4ed8\u51fa\u7684\u6210\u672c\uff1b\u66f4\u8ca0\u901a\u5e38\u8868\u793a\u501f\u5230\u7f8e\u5143\u7684\u6210\u672c\u66f4\u9ad8\u3001\u7f8e\u5143\u66f4\u5403\u7dca\u3002\n\n\u5168\u7403\u98a8\u96aa\u60c5\u7dd2\u6301\u7e8c\u60e1\u5316\uff1a\u6cb9\u50f9\u4e0a\u5347\u3001\u80a1\u7968\u8207\u50b5\u5238\u4e0b\u8dcc\uff0c\u63a8\u5347\u7f8e\u5143\u8d70\u5f37\u3002\u8fd1\u671f\u897f\u5fb7\u5dde\u539f\u6cb9\uff08WTI\uff0c\u6307\u7f8e\u570b\u5e38\u7528\u7684\u539f\u6cb9\u50f9\u683c\u57fa\u6e96\uff09\u5728\u8377\u83ab\u8332\u6d77\u5cfd\uff08Strait of Hormuz\uff0c\u5168\u7403\u91cd\u8981\u77f3\u6cb9\u904b\u8f38\u8981\u9053\uff09\u7dca\u5f35\u5347\u9ad8\u4e0b\u7a81\u7834\u6bcf\u6876 110 \u7f8e\u5143\uff0c\u672c\u6708\u4e5f\u770b\u5230\u6a19\u666e 500 \u6307\u6578\u8dcc\u7834 4,800 \u9ede\u3002\u9019\u6a23\u7684\u7d44\u5408\u986f\u793a\u91d1\u878d\u7cfb\u7d71\u58d3\u529b\u6b63\u5728\u4e0a\u5347\u3002\n\n\u9019\u7a2e\u6301\u7e8c\u7684\u80fd\u6e90\u50f9\u683c\u885d\u64ca\u4f3c\u4e4e\u8b93\u592e\u884c\u9032\u9000\u5169\u96e3\uff0c\u88ab\u8feb\u7528\u9ad8\u5229\u7387\u5c0d\u6297\u901a\u81a8\u3002\u9019\u4e5f\u8b93\u653f\u5e9c\u50b5\u52d9\u8def\u5f91\u770b\u8d77\u4f86\u66f4\u8106\u5f31\uff0c\u4f8b\u5982\u7f8e\u570b 10 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u56de\u5347\u5230\u63a5\u8fd1 4.50%\u3002\u5728\u9019\u7a2e\u7dca\u7e2e\u74b0\u5883\u4e0b\uff0c\u4f01\u696d\u8207\u653f\u5e9c\u511f\u9084\u50b5\u52d9\uff08\u652f\u4ed8\u5229\u606f\u8207\u672c\u91d1\uff09\u7684\u96e3\u5ea6\u6703\u4e0a\u5347\u3002\n\n<h3>\u6ce2\u52d5\u3001\u5916\u532f\u3001\u539f\u6cb9\u3001\u5229\u7387\u7684\u4ea4\u6613\u60f3\u6cd5<\/h3>\n\u5728\u9019\u7a2e\u74b0\u5883\u4e0b\uff0c\u7f8e\u5143\u8d70\u5f37\u66f4\u50cf\u662f\u7531\u878d\u8cc7\u9700\u6c42\u63a8\u52d5\uff0c\u800c\u975e\u55ae\u7d14\u7684\u907f\u96aa\u8cc7\u91d1\u6d41\u3002\u53ef\u4ee5\u770b\u5230\u7f8e\u5143\u6307\u6578\uff08DXY\uff0c\u8861\u91cf\u7f8e\u5143\u5c0d\u4e00\u7c43\u5b50\u4e3b\u8981\u8ca8\u5e63\u7684\u5f37\u5f31\uff09\u6e2c\u8a66 107.00 \u6c34\u6e96\uff0c\u58d3\u529b\u6b63\u5728\u7d2f\u7a4d\u30023 \u500b\u6708\u671f\u6b50\u5143\/\u7f8e\u5143\u4ea4\u53c9\u8ca8\u5e63\u57fa\u5dee\u6389\u5230 -40 \u500b\u57fa\u9ede\uff08basis points\uff0c\u57fa\u9ede\uff1b1 \u57fa\u9ede=0.01%\uff09\uff0c\u662f 2025 \u5e74\u9280\u884c\u696d\u52d5\u76ea\u4ee5\u4f86\u6700\u8ca0\u7684\u6c34\u6e96\uff1b\u9019\u901a\u5e38\u4ee3\u8868\u7f8e\u5143\u878d\u8cc7\u66f4\u7dca\u3002\n\n\u505a\u884d\u751f\u6027\u5546\u54c1\uff08derivatives\uff0c\u50f9\u683c\u7531\u5176\u4ed6\u8cc7\u7522\u300c\u884d\u751f\u300d\u800c\u4f86\u7684\u5de5\u5177\uff0c\u5982\u9078\u64c7\u6b0a\u3001\u671f\u8ca8\uff09\u7684\u4ea4\u6613\u8005\uff0c\u53ef\u8003\u616e\u53d7\u76ca\u65bc\u80a1\u5e02\u4e0b\u8dcc\u8207\u6ce2\u52d5\u4e0a\u5347\u7684\u90e8\u4f4d\u3002\u8cb7\u5165\u4e3b\u8981\u80a1\u50f9\u6307\u6578\u7684\u8ce3\u6b0a\uff08put option\uff0c\u770b\u8dcc\u9078\u64c7\u6b0a\uff1b\u652f\u4ed8\u6b0a\u5229\u91d1\u5f8c\uff0c\u53d6\u5f97\u5728\u5230\u671f\u524d\/\u5230\u671f\u6642\u4ee5\u7d04\u5b9a\u50f9\u683c\u8ce3\u51fa\u7684\u6b0a\u5229\uff09\u53ef\u76f4\u63a5\u62bc\u6ce8\u4e0b\u8dcc\u3002\u540c\u6642\uff0cVIX \u8cb7\u6b0a\uff08VIX\u662f\u5e02\u5834\u5e38\u7528\u7684\u300c\u6050\u614c\/\u6ce2\u52d5\u300d\u6307\u6a19\uff09\u53ef\u7528\u4f86\u5c0d\u6c96\u66f4\u5287\u70c8\u7684\u6050\u614c\u98c6\u5347\u98a8\u96aa\u3002\n\n\u5728\u5916\u532f\u5e02\u5834\uff0c\u53ef\u8003\u616e\u504f\u591a\u7f8e\u5143\uff0c\u5c24\u5176\u662f\u5c0d\u90a3\u4e9b\u7f8e\u5143\u8a08\u50f9\u8ca0\u50b5\u9ad8\u7684\u570b\u5bb6\u8ca8\u5e63\uff08\u6307\u501f\u7684\u662f\u7f8e\u5143\u3001\u9084\u6b3e\u4e5f\u8981\u7528\u7f8e\u5143\uff09\u3002\u4e0d\u5fc5\u53ea\u505a\u300c\u76f4\u63a5\u8cb7\u7f8e\u5143\u300d\u9019\u7a2e\u55ae\u4e00\u4ea4\u6613\uff0c\u4e5f\u53ef\u8003\u616e\u8cb7\u5165\u65b0\u8208\u5e02\u5834\u8ca8\u5e63 ETF \u7684\u8ce3\u6b0a\uff08ETF\u662f\u8ffd\u8e64\u4e00\u7c43\u5b50\u8cc7\u7522\u7684\u57fa\u91d1\uff0c\u53ef\u50cf\u80a1\u7968\u90a3\u6a23\u4ea4\u6613\uff09\u3002\u9019\u66f4\u8cbc\u5408\u300c\u4e3b\u56e0\u662f\u878d\u8cc7\u58d3\u529b\uff0c\u800c\u4e0d\u53ea\u662f\u907f\u96aa\u300d\u7684\u5224\u65b7\u3002\n\n\u5728\u539f\u6cb9\u7dad\u6301\u4e0a\u884c\u58d3\u529b\u4e0b\uff0c\u539f\u6cb9\u671f\u8ca8\u6216\u76f8\u95dc ETF \u7684\u8cb7\u6b0a\uff08call option\uff0c\u770b\u6f32\u9078\u64c7\u6b0a\uff1b\u53d6\u5f97\u4ee5\u7d04\u5b9a\u50f9\u683c\u8cb7\u5165\u7684\u6b0a\u5229\uff09\u4ecd\u5177\u5438\u5f15\u529b\uff0c\u53ef\u7528\u4f86\u638c\u63e1\u5730\u7de3\u653f\u6cbb\u7dca\u5f35\u5e36\u4f86\u7684\u7e8c\u6f32\u7a7a\u9593\u3002\u5728\u56fa\u5b9a\u6536\u76ca\uff08fixed income\uff0c\u4e3b\u8981\u662f\u50b5\u5238\u7b49\u5b9a\u671f\u4ed8\u606f\u8cc7\u7522\uff09\u65b9\u9762\uff0c\u80fd\u5728\u50b5\u5238\u50f9\u683c\u4e0b\u8dcc\u6642\u7372\u5229\u7684\u90e8\u4f4d\uff0c\u4f8b\u5982\u9577\u5929\u671f\u7f8e\u570b\u516c\u50b5 ETF \u7684\u8ce3\u6b0a\uff08\u9577\u5929\u671f\u5c0d\u5229\u7387\u66f4\u654f\u611f\uff09\uff0c\u8207\u300c\u592e\u884c\u653f\u7b56\u5c07\u6301\u7e8c\u504f\u7dca\u300d\u7684\u9810\u671f\u4e00\u81f4\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>\u6cb9\u50f9\u98c6\u5347\u3001\u80a1\u50b5\u9f4a\u8dcc\u5f15\u7206\u98a8\u96aa\u9000\u6f6e\uff1a\u4f0a\u6717\u885d\u7a81\u6050\u5e36\u4f86\u9577\u671f\u80fd\u6e90\u885d\u64ca\uff0c\u8feb\u592e\u884c\u7dad\u6301\u9ad8\u5229\u7387\u3001\u50b5\u52d9\u66f4\u8106\u5f31\uff1b\u7f8e\u5143\u56e0\u878d\u8cc7\u5403\u7dca\u8f49\u5f37\uff0c\u57fa\u5dee\u8f49\u8ca0\u793a\u8b66\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-43624","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\/43624","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=43624"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/43624\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=43624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=43624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=43624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}