{"id":46370,"date":"2026-04-30T11:56:42","date_gmt":"2026-04-30T11:56:42","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46370\/"},"modified":"2026-04-30T11:56:42","modified_gmt":"2026-04-30T11:56:42","slug":"%e6%ad%90%e5%85%83%e5%8d%804%e6%9c%88%e5%b9%b4%e5%ba%a6%e8%aa%bf%e5%92%8c%e9%80%9a%e8%84%b9%e7%8e%87%e7%82%ba3%ef%bc%8c%e9%ab%98%e6%96%bc%e9%a0%90%e6%9c%9f2-9","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/46370\/","title":{"rendered":"\u6b50\u5143\u53404\u6708\u5e74\u5ea6\u8abf\u548c\u901a\u8139\u7387\u70ba3%\uff0c\u9ad8\u65bc\u9810\u671f2.9%"},"content":{"rendered":"

\u6b50\u5143\u5340\u5354\u8abf\u6d88\u8cbb\u8005\u50f9\u683c\u6307\u6578\uff08HICP\uff0c\u6309\u5404\u570b\u4ee5\u540c\u4e00\u65b9\u6cd5\u8a08\u7b97\u7684\u901a\u8139\u6307\u6a19\uff094\u6708\u6309\u5e74\u53473%\u3002\u5e02\u5834\u9810\u6e2c\u70ba2.9%\u3002<\/p>\n

4\u6708\u6578\u5b57\u8f03\u9810\u671f\u9ad80.1\u500b\u767e\u5206\u9ede\uff0c\u53cd\u6620\u901a\u8139\u7565\u9ad8\u65bc\u4f30\u8a08\u3002<\/p>\n

\u5c0d\u6b50\u6d32\u592e\u884c\u653f\u7b56\u7684\u5f71\u97ff<\/h3>\n

\u901a\u8139\u9ad8\u65bc\u9810\u671f\u4e26\u5347\u81f33%\uff0c\u4ee4\u5e02\u5834\u9700\u8981\u91cd\u65b0\u8a55\u4f30\u6b50\u6d32\u592e\u884c\uff08ECB\uff0c\u8ca0\u8cac\u6b50\u5143\u5340\u8ca8\u5e63\u653f\u7b56\uff09\u7684\u6e1b\u606f\u6b65\u4f10\u3002\u5e02\u5834\u958b\u59cb\u8cea\u7591\u590f\u5b63\u6e1b\u606f\u7684\u6642\u9593\u8868\u53ca\u5e45\u5ea6\uff0c\u6578\u64da\u4ea6\u986f\u793a\u50f9\u683c\u4e0a\u5347\u58d3\u529b\u4ecd\u7136\u6301\u7e8c\uff0c\u672a\u898b\u660e\u986f\u56de\u843d\u3002<\/p>\n

\u5c0d\u5229\u7387\u4ea4\u6613\u54e1\u800c\u8a00\uff0c\u9019\u610f\u5473\u5e02\u5834\u53ef\u80fd\u6703\u6e1b\u5c11\u5c0d2026\u5e74\u6700\u5c11\u4e00\u6b21\u6e1b\u606f\u7684\u62bc\u6ce8\u3002\u9694\u591c\u6307\u6578\u6389\u671f\uff08OIS\uff0c\u4e00\u7a2e\u7528\u65bc\u53cd\u6620\u5e02\u5834\u5c0d\u672a\u4f86\u653f\u7b56\u5229\u7387\u9810\u671f\u7684\u5229\u7387\u884d\u751f\u5de5\u5177\uff09\u5373\u6642\u8abf\u6574\uff0c\u73fe\u6642\u53ea\u53cd\u6620\u4eca\u5e74\u9918\u4e0b\u6642\u9593\u7d0440\u500b\u57fa\u9ede\uff08bp\uff0c\u57fa\u9ede\uff1b1\u500b\u57fa\u9ede\u7b49\u65bc0.01\u500b\u767e\u5206\u9ede\uff09\u7684\u6e1b\u606f\u7a7a\u9593\uff0c\u8f03\u6628\u65e5\u65e9\u4e0a\u53cd\u6620\u768475\u500b\u57fa\u9ede\u70ba\u5c11\u3002\u9810\u8a08\u6b50\u6d32\u9280\u884c\u540c\u696d\u62c6\u606f\u671f\u8ca8\uff08Euribor\u671f\u8ca8\uff0c\u4ee5\u6b50\u5143\u5340\u77ed\u671f\u5229\u7387\u70ba\u57fa\u790e\u7684\u671f\u8ca8\u5408\u7d04\uff09\u6216\u6703\u4e0b\u8dcc\uff0c\u56e0\u5b73\u606f\u7387\uff08\u50b5\u5238\u6216\u5229\u7387\u5de5\u5177\u7684\u56de\u5831\u7387\uff09\u5411\u4e0a\u8abf\u6574\u3002<\/p>\n

\u6b64\u6d88\u606f\u5229\u597d\u6b50\u5143\uff0c\u4e26\u70ba\u5916\u532f\u884d\u751f\u5de5\u5177\uff08\u4ee5\u532f\u7387\u70ba\u57fa\u790e\u7684\u91d1\u878d\u5408\u7d04\uff0c\u5982\u671f\u6b0a\u3001\u9060\u671f\u3001\u6389\u671f\uff09\u5e36\u4f86\u6a5f\u6703\u3002\u6b50\u5143\u514c\u7f8e\u5143\uff08EUR\/USD\uff09\u5df2\u5347\u7a7f1.08\u95dc\u53e3\uff1b\u671f\u6b0a\u5e02\u5834\u4ea6\u986f\u793a\u5e02\u5834\u504f\u5411\u6b50\u5143\u9032\u4e00\u6b65\u8f49\u5f37\uff0c\u4e00\u500b\u6708\u671f\u300c\u98a8\u96aa\u9006\u8f49\u300d\uff08risk reversal\uff0c\u7528\u4f5c\u6bd4\u8f03\u770b\u6f32\u671f\u6b0a\u8207\u770b\u8dcc\u671f\u6b0a\u6ea2\u50f9\u3001\u53cd\u6620\u5e02\u5834\u504f\u5411\u7684\u6307\u6a19\uff09\u5347\u81f3\u672c\u5b63\u4ee5\u4f86\u6b50\u5143\u770b\u6f32\u671f\u6b0a\uff08call\uff09\u6ea2\u50f9\u6700\u9ad8\u6c34\u5e73\u3002\u82e5\u5c0d\u624b\u8ca8\u5e63\u7684\u592e\u884c\u53d6\u614b\u66f4\u504f\u5411\u6e1b\u606f\uff08dovish\uff0c\u8ca8\u5e63\u653f\u7b56\u8f03\u5bec\u9b06\uff09\uff0c\u4f8b\u5982\u65e5\u5713\uff0c\u90e8\u7f72\u6b50\u5143\u8d70\u5f37\u6216\u8f03\u6709\u5229\u3002<\/p>\n

\u80a1\u5e02\u65b9\u9762\uff0c\u300c\u5229\u7387\u9ad8\u4f01\u66f4\u9577\u6642\u9593\u300d\uff08higher-for-longer\uff09\u5c0d\u6b50\u6d32\u80a1\u6307\u6216\u69cb\u6210\u58d3\u529b\u30022024\u5e74\u4e0b\u534a\u5e74\u4ea6\u66fe\u51fa\u73fe\u985e\u4f3c\u60c5\u6cc1\uff1a\u901a\u8139\u56de\u843d\u7de9\u6162\u4ee4\u6e1b\u606f\u5ef6\u5f8c\uff0cEURO STOXX 50\u6307\u6578\u4e00\u5ea6\u56de\u8abf7%\u3002\u4ea4\u6613\u54e1\u53ef\u8003\u616e\u8cb7\u5165\u4e3b\u8981\u6307\u6578\u7684\u8a8d\u6cbd\u671f\u6b0a\uff08put\uff0c\u4ee5\u56fa\u5b9a\u50f9\u683c\u8ce3\u51fa\u7684\u6b0a\u5229\uff09\u4f5c\u5c0d\u6c96\uff08hedge\uff0c\u964d\u4f4e\u6295\u8cc7\u7d44\u5408\u6ce2\u52d5\u7684\u5b89\u6392\uff09\uff0c\u6216\u6355\u6349\u77ed\u671f\u56de\u843d\u3002<\/p>\n

\u6ce2\u52d5\u8207\u671f\u6b0a\u5b9a\u50f9<\/h3>\n

\u901a\u8139\u9ad8\u65bc\u9810\u671f\u4ee4\u5e02\u5834\u4e0d\u78ba\u5b9a\u6027\u4e0a\u5347\uff0c\u5e36\u52d5\u6ce2\u52d5\u52a0\u5287\u3002VSTOXX\uff08\u8861\u91cf\u6b50\u5143\u5340\u80a1\u5e02\u6ce2\u52d5\u7684\u6307\u6578\uff0c\u985e\u4f3c\u7f8e\u570bVIX\uff09\u6025\u534712%\uff0c\u5347\u7a7f17\uff0c\u70ba\u5169\u500b\u6708\u4f86\u9996\u6b21\u3002\u671f\u6b0a\uff08options\uff0c\u8ce6\u4e88\u8cb7\u8ce3\u6b0a\u5229\u800c\u975e\u7fa9\u52d9\u7684\u5408\u7d04\uff09\u6574\u9ad4\u8b8a\u5f97\u66f4\u6602\u8cb4\u3002\u5728\u6b50\u6d32\u592e\u884c\u4e0b\u6b21\u8072\u660e\u63d0\u4f9b\u66f4\u6e05\u6670\u65b9\u5411\u524d\uff0c\u900f\u904e\u8ce3\u51fa\u6ce2\u52d5\u7684\u7b56\u7565\uff08\u4f8b\u5982\u77ed\u8de8\u5f0f\u671f\u6b0a short strangle\uff1a\u540c\u6642\u8ce3\u51fa\u50f9\u5916\u770b\u6f32\u53ca\u50f9\u5916\u770b\u8dcc\u671f\u6b0a\uff0c\u8cfa\u53d6\u6b0a\u5229\u91d1\u4f46\u627f\u53d7\u5927\u5e45\u6ce2\u52d5\u98a8\u96aa\uff09\u53ef\u80fd\u98a8\u96aa\u8f03\u9ad8\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u6b50\u5143\u53404\u6708\u8abf\u548c\u901a\u8139\u7387\u5347\u81f33%\uff0c\u7565\u9ad8\u65bc\u5e02\u5834\u9810\u671f2.9%\uff1b\u7269\u50f9\u58d3\u529b\u91cd\u71c3\uff1f\u6295\u8cc7\u8005\u95dc\u6ce8\u6b50\u592e\u884c\u6e1b\u606f\u6b65\u4f10\u6216\u6dfb\u8b8a\u6578\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-46370","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\/46370","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=46370"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/46370\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=46370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=46370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=46370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}