{"id":46744,"date":"2026-05-05T19:15:18","date_gmt":"2026-05-05T19:15:18","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46744\/"},"modified":"2026-05-05T19:15:18","modified_gmt":"2026-05-05T19:15:18","slug":"3%e6%9c%88%e7%be%8e%e5%9c%8b%e6%96%b0%e5%b1%8b%e9%8a%b7%e5%94%ae%e6%8c%89%e6%9c%88%e9%8c%84%e5%be%9762-8%e8%90%ac%e6%88%b6%ef%bc%8c%e4%bd%8e%e6%96%bc%e5%b8%82%e5%a0%b4%e9%a0%90%e6%9c%9f%e7%9a%8466-8","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/46744\/","title":{"rendered":"3\u6708\u7f8e\u570b\u65b0\u5c4b\u92b7\u552e\u6309\u6708\u9304\u5f9762.8\u842c\u6236\uff0c\u4f4e\u65bc\u5e02\u5834\u9810\u671f\u768466.8\u842c\u6236"},"content":{"rendered":"

\u7f8e\u570b3\u6708\u65b0\u5c4b\u92b7\u552e\u6309\u6708\u70ba62.8\u842c\u9593\uff0c\u5e02\u5834\u9810\u671f\u70ba66.8\u842c\u9593\u3002<\/p>\n

\u5be6\u969b\u7d50\u679c\u8f03\u9810\u6e2c\u5c114.0\u842c\u9593\uff0c\u53cd\u6620\u7576\u6708\u65b0\u5c4b\u92b7\u552e\u905c\u65bc\u9810\u671f\u3002<\/p>\n

\u806f\u5132\u5c40\u653f\u7b56\u5f71\u97ff<\/h3>\n

\u65b0\u5c4b\u92b7\u552e\u4e0d\u53ca\u9810\u671f\uff0c\u662f\u9996\u500b\u8f03\u660e\u78ba\u7684\u4fe1\u865f\uff0c\u986f\u793a\u806f\u90a6\u5132\u5099\u5c40\uff08Federal Reserve\uff0c\u7c21\u7a31\u300c\u806f\u5132\u5c40\u300d\uff09\u7684\u7dca\u7e2e\u653f\u7b56\uff08\u5373\u900f\u904e\u52a0\u606f\u3001\u6536\u7dca\u91d1\u878d\u74b0\u5883\u4ee5\u58d3\u6291\u901a\u8139\uff09\u5c0d\u7d93\u6fdf\u7684\u5f71\u97ff\u53ef\u80fd\u6bd4\u5e02\u5834\u4f30\u8a08\u66f4\u6df1\u3002\u9019\u4e0d\u61c9\u8996\u70ba\u55ae\u4e00\u6578\u64da\uff0c\u800c\u66f4\u50cf\u9818\u5148\u6307\u6a19\uff08\u53ef\u63d0\u65e9\u53cd\u6620\u672a\u4f86\u7d93\u6fdf\u8d70\u52e2\u7684\u6578\u64da\uff09\uff0c\u9810\u793a\u7d93\u6fdf\u964d\u6eab\u6216\u6b63\u5728\u64f4\u6563\u3002\u6a13\u5e02\u9019\u500b\u95dc\u9375\u677f\u584a\u8f49\u5f31\uff0c\u53ef\u80fd\u4ee4\u5e02\u5834\u589e\u52a0\u5c0d\u806f\u5132\u5c40\u672a\u4f86\u6578\u6708\u653e\u8edf\u300c\u9df9\u6d3e\u7acb\u5834\u300d\uff08\u50be\u5411\u52a0\u606f\u6216\u7dad\u6301\u9ad8\u606f\u3001\u6253\u64ca\u901a\u8139\u7684\u53d6\u614b\uff09\u7684\u9810\u671f\u3002<\/p>\n

\u57fa\u65bc\u6b64\uff0c\u77ed\u671f\u5167\u770b\u6de1\uff08bearish\uff0c\u9810\u671f\u50f9\u683c\u4e0b\u8dcc\uff09\u5bb6\u5c45\u5efa\u7bc9\u5546\u53ca\u76f8\u95dc\u884c\u696d\u7684\u90e8\u7f72\u66f4\u5177\u5438\u5f15\u529b\u3002\u6d88\u606f\u5f8c\uff0cSPDR\u6a19\u666e\u623f\u5c4b\u5efa\u7bc9\u5546ETF\uff08XHB\uff0c\u4ea4\u6613\u6240\u8cb7\u8ce3\u57fa\u91d1\uff0c\u8ffd\u8e64\u4e00\u7c43\u5b50\u623f\u5c4b\u5efa\u7bc9\u76f8\u95dc\u80a1\u7968\uff09\u5df2\u4e0b\u8dcc\u8d85\u904e2%\uff0c\u5f8c\u5e02\u4ecd\u6709\u4e0b\u884c\u7a7a\u9593\u3002\u7b56\u7565\u4e0a\uff0c\u53ef\u8003\u616e\u8cb7\u5165\u4e3b\u8981\u5efa\u7bc9\u5546\u5982Lennar\u53caPulteGroup\u7684\u8a8d\u6cbd\u671f\u6b0a\uff08put options\uff0c\u8cb7\u65b9\u6709\u6b0a\u5728\u5230\u671f\u524d\/\u5230\u671f\u65e5\u4ee5\u6307\u5b9a\u50f9\u683c\u8ce3\u51fa\uff0c\u7528\u65bc\u62bc\u6ce8\u4e0b\u8dcc\u6216\u5c0d\u6c96\uff09\uff0c\u4ee56\u6708\u4e0b\u65ec\u5230\u671f\u4f5c\u70ba\u6642\u9593\u6846\u67b6\uff0c\u6355\u6349\u9810\u671f\u56de\u843d\u3002<\/p>\n

\u9019\u500b\u7d93\u6fdf\u4fe1\u865f\u4ea6\u5f71\u97ff\u5229\u7387\u8d70\u52e2\u7684\u76e4\u7b97\uff0c\u610f\u5473\u5e02\u5834\u6216\u4f4e\u4f30\u5e74\u5167\u6e1b\u606f\u7684\u6a5f\u6703\u3002\u56e0\u6b64\uff0c\u53ef\u8003\u616e\u8207SOFR\u639b\u920e\u7684\u884d\u751f\u5de5\u5177\uff08derivatives\uff0c\u50f9\u683c\u7531\u53e6\u4e00\u8cc7\u7522\/\u5229\u7387\u6c7a\u5b9a\u7684\u5408\u7d04\uff1bSOFR\u70ba\u300c\u6709\u62b5\u62bc\u9694\u591c\u878d\u8cc7\u5229\u7387\u300d\uff0c\u7f8e\u570b\u91cd\u8981\u7684\u77ed\u671f\u57fa\u6e96\u5229\u7387\uff09\uff0c\u4ee5\u53d7\u60e0\u65bc\u592e\u884c\u8f49\u5411\u300c\u9d3f\u6d3e\u300d\uff08dovish\uff0c\u8f03\u50be\u5411\u6e1b\u606f\u6216\u653e\u9b06\u653f\u7b56\uff09\u3002\u76ee\u524d\u5e02\u5834\u53ea\u53cd\u6620\u4eca\u5e74\u4e00\u6b2125\u500b\u57fa\u9ede\uff08basis point\uff0c\u57fa\u9ede\uff1b1\u500b\u57fa\u9ede=0.01%\uff0c25\u500b\u57fa\u9ede=0.25\u5398\uff09\u7684\u6e1b\u606f\uff0c\u4f46\u6700\u65b0\u6578\u64da\u4ee4\u66f4\u9032\u53d6\u5bec\u9b06\u7684\u98a8\u96aa\u4e0a\u5347\u3002<\/p>\n

\u6838\u5fc3\u554f\u984c\u5728\u65bc\u8ca0\u64d4\u80fd\u529b\uff08affordability\uff0c\u5373\u5bb6\u5ead\u6536\u5165\u76f8\u5c0d\u6a13\u50f9\u8207\u4f9b\u6b3e\u7684\u627f\u53d7\u7a0b\u5ea6\uff09\u660e\u986f\u8f49\u5dee\u3002\u6309Freddie Mac\uff08\u623f\u8cb8\u6a5f\u69cb\uff0c\u5b9a\u671f\u516c\u5e03\u7f8e\u570b\u6309\u63ed\u5229\u7387\uff09\u6578\u64da\uff0c4\u6708\u4e0b\u65ec30\u5e74\u671f\u6309\u63ed\u5229\u7387\u56de\u5347\u81f37.2%\uff0c\u9700\u6c42\u53d7\u58d3\u3002\u9019\u82072023\u5e74\u653e\u7de9\u6642\u7684\u60c5\u6cc1\u76f8\u4f3c\uff1a\u7576\u6309\u606f\u9996\u6b21\u5347\u78347%\u5f8c\uff0c\u6a13\u5e02\u8d70\u5f31\u4e26\u62d6\u7d2f\u6574\u9ad4\u7d93\u6fdf\u52d5\u80fd\u3002<\/p>\n

\u6ce2\u52d5\u5e02\u6cc1\u7684\u90e8\u7f72<\/h3>\n

\u5728\u901a\u8139\u4ecd\u7136\u9ecf\u6027\uff08sticky inflation\uff0c\u5373\u901a\u8139\u56de\u843d\u7de9\u6162\u3001\u96e3\u4ee5\u5feb\u901f\u4e0b\u964d\uff09\u8207\u589e\u9577\u6307\u6a19\u8f49\u5f31\u4e4b\u9593\uff0c\u5e02\u5834\u4e0d\u78ba\u5b9a\u6027\u589e\u52a0\uff0c\u9810\u671f\u6ce2\u52d5\uff08volatility\uff0c\u50f9\u683c\u4e0a\u843d\u5e45\u5ea6\uff09\u6703\u4e0a\u5347\u3002VIX\u6307\u6578\uff08\u300c\u6050\u614c\u6307\u6578\u300d\uff0c\u53cd\u6620\u5e02\u5834\u5c0d\u6a19\u666e500\u672a\u4f86\u6ce2\u52d5\u7684\u9810\u671f\uff09\u76ee\u524d\u4ecd\u4f4e\u65bc16\uff0c\u8207\u806f\u5132\u5c40\u540c\u6642\u9762\u5c0d\u300c\u901a\u8139\u672a\u5b8c\u5168\u53d7\u63a7\u300d\u53ca\u300c\u589e\u9577\u8f49\u5f31\u300d\u5169\u96e3\u4e26\u4e0d\u76f8\u7a31\u3002\u53ef\u8003\u616e\u8cb7\u5165VIX\u7684\u8a8d\u8cfc\u671f\u6b0a\uff08call options\uff0c\u8cb7\u65b9\u6709\u6b0a\u4ee5\u6307\u5b9a\u50f9\u683c\u8cb7\u5165\uff0c\u7528\u65bc\u62bc\u6ce8\u4e0a\u5347\u6216\u5c0d\u6c96\uff09\u4f5c\u70ba\u5c0d\u6c96\uff0c\u4ee5\u61c9\u5c0d\u672a\u4f86\u6578\u5468\u53ef\u80fd\u51fa\u73fe\u7684\u53cd\u8986\u5e02\u6cc1\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u7f8e\u570b3\u6708\u65b0\u5c4b\u92b7\u552e\u6309\u6708\u50c562.8\u842c\u6236\uff0c\u8f03\u5e02\u5834\u9810\u671f66.8\u842c\u6236\u660e\u986f\u905c\u8272\uff1b\u6578\u64da\u5931\u8272\u6216\u9810\u793a\u6a13\u5e02\u964d\u6eab\uff0c\u62d6\u7d2f\u7d93\u6fdf\u524d\u666f\uff0c\u6295\u8cc7\u8005\u9700\u63d0\u9632\u5229\u7387\u654f\u611f\u8cc7\u7522\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-46744","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\/46744","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=46744"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/46744\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=46744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=46744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=46744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}