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60%\uff0c\u6bd4\u4e00\u500b\u6708\u524d\u7684 45% \u660e\u986f\u4e0a\u5347\u3002\u5e02\u5834\u66f4\u76f8\u4fe1\u6703\u5bec\u9b06\uff08monetary easing\uff0c\u6307\u964d\u606f\u6216\u589e\u52a0\u8cc7\u91d1\u4f9b\u7d66\u4ee5\u523a\u6fc0\u7d93\u6fdf\uff09\u662f\u63a5\u4e0b\u4f86\u7b56\u7565\u7684\u6838\u5fc3\u3002\n\n\u53ef\u8003\u616e\u7528\u884d\u751f\u6027\u5546\u54c1\uff08derivatives\uff0c\u50f9\u503c\u7531\u5229\u7387\u3001\u50b5\u5238\u6216\u80a1\u7968\u7b49\u6a19\u7684\u6c7a\u5b9a\u7684\u91d1\u878d\u5de5\u5177\uff09\u5e03\u5c40\u5229\u7387\u8d70\u4f4e\uff0c\u4f8b\u5982\u64cd\u4f5c\u7f8e\u570b\u516c\u50b5\u671f\u8ca8\uff08Treasury futures\uff0c\u4ee5\u7f8e\u570b\u516c\u50b5\u70ba\u6a19\u7684\u7684\u671f\u8ca8\uff09\u6216\u5c0d\u5229\u7387\u654f\u611f\u7684 ETF\uff08rate-sensitive ETFs\uff0c\u5229\u7387\u8b8a\u52d5\u6703\u660e\u986f\u5f71\u97ff\u50f9\u683c\u7684\u57fa\u91d1\uff09\u3002\u5728 iShares 20+ Year Treasury Bond ETF\uff08TLT\uff0c\u8ffd\u8e64 20 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