{"id":46413,"date":"2026-04-30T22:31:16","date_gmt":"2026-04-30T22:31:16","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46413\/"},"modified":"2026-04-30T22:31:16","modified_gmt":"2026-04-30T22:31:16","slug":"%e8%b7%af%e9%80%8f%e5%bc%95%e8%bf%b0%e6%b6%88%e6%81%af%e4%ba%ba%e5%a3%ab%e7%a8%b1%ef%bc%8c%e8%8b%a5%e5%b8%83%e8%98%ad%e7%89%b9%e6%b2%b9%e5%83%b9%e7%b6%ad%e6%8c%81%e5%9c%a8%e6%af%8f%e6%a1%b6100","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/46413\/","title":{"rendered":"\u8def\u900f\u5f15\u8ff0\u6d88\u606f\u4eba\u58eb\u7a31\uff0c\u82e5\u5e03\u862d\u7279\u6cb9\u50f9\u7dad\u6301\u5728\u6bcf\u6876100\u7f8e\u5143\u4ee5\u4e0a\uff0c\u6b50\u6d32\u592e\u884c\u6c7a\u7b56\u8005\u6216\u81ea6\u6708\u8d77\u52a0\u606f\u5169\u6b21"},"content":{"rendered":"

\u6d88\u606f\u4eba\u58eb\u5411\u8def\u900f\u8868\u793a\uff0c\u6b50\u6d32\u592e\u884c\uff08ECB\uff0c\u6b50\u5143\u5340\u7684\u4e2d\u592e\u9280\u884c\uff09\u6c7a\u7b56\u5b98\u54e1\u4eca\u5e74\u5f88\u53ef\u80fd\u81f3\u5c11\u52a0\u606f\u5169\u6b21\u3002\u4ed6\u5011\u7a31\uff0c\u5982\u4f0a\u6717\u885d\u7a81\u672a\u6709\u89e3\u6c7a\uff0c\u9996\u6b21\u52a0\u606f\u6216\u57286\u6708\u51fa\u73fe\u3002<\/p>\n

\u6b50\u6d32\u592e\u884c\u57284\u6708\u6703\u8b70\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u3002\u592e\u884c\u8868\u793a\uff0c\u6b63\u8a0e\u8ad6\u6536\u7dca\u653f\u7b56\uff08\u5373\u63d0\u9ad8\u5229\u7387\u3001\u6e1b\u5c11\u523a\u6fc0\uff09\u4ee5\u61c9\u5c0d\u80fd\u6e90\u50f9\u683c\u4e0a\u5347\u3002<\/p>\n

\u653f\u7b56\u8a0a\u865f\u82076\u6708\u6642\u9593\u8868<\/h3>\n

\u533f\u540d\u6d88\u606f\u4eba\u58eb\u6307\u51fa\uff0c\u82e5\u822a\u904b\uff08\u904b\u8f38\uff09\u53d7\u963b\u6301\u7e8c\u3001\u4ee5\u53ca\u5373\u671f\u5e03\u862d\u7279\u539f\u6cb9\uff08Brent\uff0c\u5373\u82f1\u570b\u5317\u6d77\u6cb9\u50f9\u57fa\u6e96\uff1b\u300c\u5373\u671f\u300d\u6307\u73fe\u6642\u6210\u4ea4\u50f9\uff09\u7dad\u6301\u6bcf\u6876100\u7f8e\u5143\u4ee5\u4e0a\uff0c\u4ed6\u5011\u9810\u671f6\u6708\u6703\u63a1\u53d6\u884c\u52d5\u3002\u62c9\u52a0\u5fb7\u8868\u793a\uff0c\u5167\u90e8\u5c31\u52a0\u606f\u6709\u9577\u6642\u9593\u8a0e\u8ad6\uff1b\u53e6\u6709\u6d88\u606f\u7a31\uff0c\u7576\u6642\u8003\u616e\u7684\u662f6\u6708\u800c\u975e4\u6708\u3002<\/p>\n

\u53e6\u6709\u6d88\u606f\u4eba\u58eb\u7a31\uff0c\u672a\u4f86\u662f\u5426\u518d\u52a0\u606f\uff0c\u53d6\u6c7a\u65bc\u7f8e\u570b\u8207\u4f0a\u6717\u885d\u7a81\u5982\u4f55\u767c\u5c55\u3002\u8a72\u4eba\u58eb\u88dc\u5145\uff0c\u82e5\u5c40\u52e2\u964d\u6eab\uff08\u5373\u7dca\u5f35\u7de9\u548c\uff09\uff0c\u6cb9\u50f9\u6216\u56de\u843d\uff0c\u4e26\u6539\u5584\u6b50\u5143\u5340\u7d93\u6fdf\u524d\u666f\u3002<\/p>\n

\u5e02\u5834\u7126\u9ede\u8f49\u5411\u6e1b\u606f<\/h3>\n

\u76ee\u524d\uff0c\u5e03\u862d\u7279\u539f\u6cb9\u7d04\u5831\u6bcf\u687678\u7f8e\u5143\uff0c\u9060\u4f4e\u65bc\u53bb\u5e74\u9ad8\u4f4d\u3002\u6b50\u76df\u7d71\u8a08\u5c40\uff08Eurostat\uff09\u6700\u65b0\u6578\u64da\u986f\u793a\uff0c\u6b50\u5143\u5340\u6574\u9ad4\u901a\u8139\uff08headline inflation\uff0c\u5373\u5305\u542b\u80fd\u6e90\u8207\u98df\u54c1\u7684\u7e3d\u9ad4\u7269\u50f9\u5347\u5e45\uff09\u8dcc\u81f33.1%\uff0c\u8f032025\u5e74\u521d\u903e7%\u660e\u986f\u56de\u843d\u3002\u96a8\u7740\u6b50\u6d32\u592e\u884c\u95dc\u9375\u5229\u7387\u81ea\u53bb\u5e746\u6708\u8d77\u7dad\u6301\u57284.75%\uff0c\u5e02\u5834\u4e0d\u518d\u62bc\u6ce8\u52a0\u606f\uff0c\u8f49\u800c\u95dc\u6ce8\u4f55\u6642\u53ef\u80fd\u6e1b\u606f\u3002<\/p>\n

\u5728\u6b64\u8f49\u8b8a\u4e0b\uff0c\u4ea4\u6613\u54e1\u53ef\u8003\u616e\u70ba\u66f4\u504f\u5411\u5bec\u9b06\uff08dovish\uff0c\u5373\u50be\u5411\u6e1b\u606f\u3001\u653e\u5bec\u653f\u7b56\uff09\u7684\u6b50\u6d32\u592e\u884c\u4f5c\u90e8\u7f72\u3002\u5229\u7387\u6389\u671f\uff08interest rate swaps\uff0c\u4e00\u7a2e\u4ea4\u63db\u5229\u606f\u652f\u4ed8\u7684\u5408\u7d04\uff0c\u5e38\u7528\u4f5c\u5c0d\u6c96\u6216\u62bc\u6ce8\u5229\u7387\u8d70\u52e2\uff09\u7b49\u5de5\u5177\uff0c\u56e0\u5229\u7387\u4e0b\u8dcc\u800c\u53d7\u60e0\uff0c\u5438\u5f15\u529b\u4e0a\u5347\u3002\u5e02\u5834\u8a0e\u8ad6\u7126\u9ede\u4e0d\u518d\u662f\u5229\u7387\u6703\u5347\u5230\u591a\u9ad8\uff0c\u800c\u662f\u9996\u6b21\u4e0b\u8abf25\u500b\u57fa\u9ede\uff08basis point\uff0c\u5229\u7387\u6700\u5e38\u7528\u55ae\u4f4d\uff1b1\u500b\u57fa\u9ede=0.01\u500b\u767e\u5206\u9ede\uff0c\u537325\u57fa\u9ede=0.25\u5398\uff09\u4f55\u6642\u51fa\u73fe\u3002<\/p>\n

\u50b5\u5238\u5e02\u5834\u6ce2\u52d5\uff08volatility\uff0c\u5373\u50f9\u683c\u4e0a\u843d\u5e45\u5ea6\uff09\u4ea6\u662f\u95dc\u9375\uff0c\u56e0\u901a\u8139\u653e\u7de9\u4f46\u6e1b\u606f\u6642\u9593\u4ecd\u672a\u660e\u6717\u3002\u6211\u5011\u770b\u5230\u5fb7\u570b\u570b\u50b5\u671f\u8ca8\uff08Bund futures\uff0c\u4ee5\u5fb7\u570b10\u5e74\u671f\u570b\u50b5\u70ba\u4ee3\u8868\u7684\u671f\u8ca8\u5408\u7d04\uff09\u76f8\u95dc\u671f\u6b0a\u7684\u5b9a\u50f9\u4e0a\u5347\uff0c\u53cd\u6620\u4ea4\u6613\u54e1\u70ba\u592e\u884c\u53ef\u80fd\u8f03\u9810\u671f\u66f4\u9072\u653e\u5bec\u653f\u7b56\u4f5c\u5c0d\u6c96\uff0c\u539f\u56e0\u662f\u670d\u52d9\u696d\u901a\u8139\u4ecd\u504f\u9ad8\uff08services inflation\uff0c\u5373\u670d\u52d9\u50f9\u683c\u5347\u5e45\u8f03\u9ecf\u6027\u3001\u8f03\u96e3\u5feb\u901f\u56de\u843d\uff09\u3002\u9019\u610f\u5473\u53ef\u8003\u616e\u53d7\u60e0\u65bc\u300c\u4e0d\u78ba\u5b9a\u6027\u300d\u7684\u7b56\u7565\uff0c\u800c\u4e0d\u53ea\u662f\u55ae\u7d14\u62bc\u6ce8\u5229\u7387\u4e0b\u8dcc\u3002<\/p>\n

\u9019\u7a2e\u74b0\u5883\u4ea6\u5f71\u97ff\u6b50\u5143\uff1a\u96a8\u6e1b\u606f\u9810\u671f\u5347\u6eab\uff0c\u6b50\u5143\u514c\u7f8e\u5143\u8d70\u5f31\u3002\u4ea4\u6613\u54e1\u6216\u53ef\u7559\u610f\u5916\u532f\u671f\u6b0a\uff08options\uff0c\u4e00\u7a2e\u652f\u4ed8\u6b0a\u5229\u91d1\u5f8c\u7372\u5f97\u8cb7\u5165\u6216\u8ce3\u51fa\u6b0a\u5229\u7684\u5408\u7d04\uff09\uff0c\u7528\u4ee5\u9632\u7bc4\u6216\u62bc\u6ce8EUR\/USD\uff08\u6b50\u5143\u514c\u7f8e\u5143\uff09\u7684\u9032\u4e00\u6b65\u4e0b\u8dcc\u3002\u4e3b\u8981\u98a8\u96aa\u4ecd\u662f\u5730\u7de3\u653f\u6cbb\u7dca\u5f35\u7a81\u7136\u5347\u7d1a\uff0c\u6216\u901a\u8139\u6578\u64da\u610f\u5916\u504f\u9ad8\uff0c\u4ee4\u6b50\u6d32\u592e\u884c\u8f49\u5411\uff08pivot\uff0c\u5373\u653f\u7b56\u7531\u504f\u7dca\u8f49\u5411\u504f\u9b06\uff09\u6642\u9593\u63a8\u9072\u3002<\/p>\n

\u5efa\u7acb\u4f60\u7684VT Markets\u5373\u6642\u4ea4\u6613\u6236\u53e3<\/a>\u00a0\u4e26\u00a0\u7acb\u5373\u958b\u59cb\u4ea4\u6613<\/a>\u3002 <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\u8def\u900f\u6d88\u606f\uff1a\u82e5\u5e03\u862d\u7279\u6cb9\u50f9\u9577\u4f01\u6bcf\u6876100\u7f8e\u5143\u4ee5\u4e0a\uff0c\u80fd\u6e90\u901a\u8139\u518d\u71c3\u6050\u903c\u6b50\u6d32\u592e\u884c\u8f49\u9df9\uff1b\u6c7a\u7b56\u8005\u6216\u75316\u6708\u8d77\u9023\u52a0\u5169\u6b21\uff0c\u5e02\u5834\u5229\u7387\u518d\u6380\u6ce2\u52d5\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-46413","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\/46413","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=46413"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/46413\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=46413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=46413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=46413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}