{"id":50569,"date":"2026-05-22T11:05:38","date_gmt":"2026-05-22T11:05:38","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/47918\/"},"modified":"2026-05-22T11:05:38","modified_gmt":"2026-05-22T11:05:38","slug":"%e7%be%8e%e5%9c%8b4%e6%9c%88%e5%bb%ba%e7%af%89%e8%a8%b1%e5%8f%af%e5%8b%9d%e9%a0%90%e6%9c%9f%e3%80%80%e5%bc%b7%e5%8c%96%e6%a8%93%e5%b8%82%e5%89%8d%e6%99%af%e3%80%80%e4%bb%a4%e8%81%af%e5%84%b2%e5%b1%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/50569\/","title":{"rendered":"\u7f8e\u570b4\u6708\u5efa\u7bc9\u8a31\u53ef\u52dd\u9810\u671f\u3000\u5f37\u5316\u6a13\u5e02\u524d\u666f\u3000\u4ee4\u806f\u5132\u5c40\u6e1b\u606f\u8def\u5f91\u6dfb\u8b8a\u6578"},"content":{"rendered":"<p>\u7f8e\u570b4\u6708\u5efa\u7bc9\u8a31\u53ef\uff08\u6309\u6708\u8a08\uff09\u5347\u81f3144.2\u842c\u4efd\uff0c\u9ad8\u65bc\u5e02\u5834\u9810\u6e2c\u7684139\u842c\u4efd\u3002<\/p>\n<p>\u7d50\u679c\u8f03\u9810\u671f\u9ad8\u51fa5.2\u842c\u4efd\uff0c\u53cd\u6620\u7576\u6708\u6279\u51fa\u5efa\u7bc9\u8a31\u53ef\u7684\u6d3b\u52d5\u5f37\u65bc\u5e02\u5834\u4f30\u8a08\u3002<\/p>\n<h3>\u6a13\u5e02\u8f49\u5f37\u8a0a\u865f<\/h3>\n<p>\u5efa\u7bc9\u8a31\u53ef\u5347\u81f3144.2\u842c\u4efd\u4e14\u9ad8\u65bc\u9810\u671f\uff0c\u986f\u793a\u672a\u4f86\u6578\u6708\u6a13\u5e02\u6216\u518d\u5ea6\u8f49\u5f37\u3002\u5efa\u7bc9\u8a31\u53ef\u5c6c\u300c\u9818\u5148\u6307\u6a19\u300d\uff08\u5373\u8f03\u65e9\u53cd\u6620\u672a\u4f86\u7d93\u6fdf\u8d70\u52e2\u7684\u6578\u64da\uff09\uff0c\u610f\u5473\u5efa\u9020\u6d3b\u52d5\u5177\u97cc\u6027\uff0c\u5c0d\u6574\u9ad4\u7d93\u6fdf\u6709\u53c3\u8003\u50f9\u503c\u3002\u6211\u5011\u8a8d\u70ba\uff0c\u5373\u4f7f\u73fe\u6642\u878d\u8cc7\u6210\u672c\uff08\u501f\u8cb8\u5229\u7387\u7b49\u8cc7\u91d1\u6210\u672c\uff09\u504f\u9ad8\uff0c\u767c\u5c55\u5546\u4fe1\u5fc3\u4ecd\u8f03\u5e02\u5834\u9810\u671f\u7a69\u5065\u3002<\/p>\n<p>\u9019\u7d44\u504f\u5f37\u7684\u6a13\u5e02\u6578\u64da\u4ee4\u806f\u5132\u5c40\u524d\u666f\u66f4\u8907\u96dc\uff0c\u56e0\u70ba\u5efa\u7bc9\u9805\u76ee\u589e\u52a0\u6216\u4ee4\u901a\u8139\u58d3\u529b\u66f4\u96e3\u56de\u843d\u3002\u6211\u5011\u7559\u610f\u5230\u6700\u65b0\u6d88\u8cbb\u7269\u50f9\u6307\u6578\uff08CPI\uff0c\u7528\u65bc\u91cf\u5ea6\u901a\u8139\u7684\u6307\u6a19\uff09\u7dad\u6301\u57283.1%\u3002\u82e5\u7d93\u6fdf\u7e8c\u5f37\uff0c\u4efb\u4f55\u6e1b\u606f\uff08\u4e0b\u8abf\u653f\u7b56\u5229\u7387\uff09\u6642\u9593\u6216\u62bc\u5f8c\u81f32026\u5e74\u8f03\u5f8c\u3002\u57fa\u65bc\u6b64\uff0c\u6211\u5011\u8abf\u4f4e\u77ed\u671f\u5167\u6e1b\u606f\u7684\u6a5f\u6703\u7387\u9810\u671f\uff0c\u76f8\u95dc\u56e0\u7d20\u6216\u652f\u6301\u5229\u7387\u671f\u8ca8\uff08\u4ee5\u5229\u7387\u6c34\u5e73\u4f5c\u70ba\u6a19\u7684\u7684\u671f\u8ca8\u5408\u7d04\uff09\u5b73\u606f\u7387\uff08\u6295\u8cc7\u56de\u5831\u7387\uff09\u7dad\u6301\u8f03\u9ad8\u3002<\/p>\n<p>\u6211\u5011\u8a8d\u70ba\uff0c\u9019\u6216\u70ba\u5982SPDR\u6a19\u666e\u623f\u5c4b\u5efa\u7bc9\u5546ETF\uff08XHB\uff0c\u8ffd\u8e64\u591a\u5bb6\u7f8e\u570b\u623f\u5c4b\u5efa\u7bc9\u5546\u80a1\u7968\u8868\u73fe\u7684\u4ea4\u6613\u6240\u8cb7\u8ce3\u57fa\u91d1\uff09\u53ca\u76f8\u95dc\u5efa\u6750\u4f9b\u61c9\u5546\u7684\u671f\u6b0a\uff08options\uff0c\u8ce6\u4e88\u8cb7\u8ce3\u8cc7\u7522\u6b0a\u5229\u3001\u4f46\u975e\u7fa9\u52d9\u7684\u5408\u7d04\uff09\u5e36\u4f86\u77ed\u7dda\u6a5f\u6703\u3002\u56de\u98672025\u5e74\u6a13\u5e02\u6578\u64da\u540c\u6a23\u9ad8\u65bc\u9810\u671f\u6642\uff0c\u76f8\u95dc\u677f\u584a\u5728\u5176\u5f8c\u6578\u5468\u660e\u986f\u8dd1\u8d0f\u5927\u5e02\u3002\u9019\u985e\u80a1\u4efd\u7684\u96b1\u542b\u6ce2\u5e45\uff08implied volatility\uff0c\u5e02\u5834\u7531\u671f\u6b0a\u50f9\u683c\u63a8\u7b97\u7684\u672a\u4f86\u6ce2\u52d5\u9810\u671f\uff09\u6216\u4e0a\u5347\uff0c\u4ee4\u77ed\u671f\u8a8d\u8cfc\u671f\u6b0a\uff08call option\uff0c\u770b\u5347\u671f\u6b0a\uff09\u6210\u70ba\u6355\u6349\u52d5\u529b\u7684\u7b56\u7565\u4e4b\u4e00\u3002<\/p>\n<p>\u4e0d\u904e\u4ecd\u9700\u5be9\u614e\uff0c\u56e030\u5e74\u671f\u56fa\u5b9a\u6309\u63ed\u5229\u7387\u4ecd\u7d046.8%\uff0c\u6309\u904e\u5f80\u7d93\u9a57\u5c6c\u65b0\u8cb7\u5bb6\u5165\u5e02\u7684\u963b\u529b\u3002\u6b64\u5916\uff0c\u4eca\u6b21\u8d85\u9810\u671f\u7684\u90e8\u5206\uff0c\u986f\u8457\u4f86\u81ea\u591a\u6236\u4f4f\u5b85\uff08multi-family units\uff0c\u5982\u516c\u5bd3\u5927\u6a13\u7b49\uff09\u8a31\u53ef\uff0c\u9019\u985e\u9700\u6c42\u8f03\u4e0d\u53d7\u55ae\u4e00\u8cb7\u5bb6\u60c5\u7dd2\u5f71\u97ff\u3002\u56e0\u6b64\uff0c\u4ee5\u6709\u9650\u98a8\u96aa\u65b9\u5f0f\u90e8\u7f72\u8f03\u5408\u9069\uff0c\u4f8b\u5982\u725b\u5e02\u8a8d\u8cfc\u50f9\u5dee\uff08bull call spread\uff1a\u8cb7\u5165\u8f03\u4f4e\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\u671f\u6b0a\uff0c\u540c\u6642\u8ce3\u51fa\u8f03\u9ad8\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\u671f\u6b0a\uff0c\u4ee5\u964d\u4f4e\u6210\u672c\u4e26\u9650\u5b9a\u6700\u5927\u640d\u5931\uff09\uff0c\u8f03\u76f4\u63a5\u6301\u6709\u9ad8\u69d3\u687f\u3001\u672a\u5c0d\u6c96\uff08unhedged\uff0c\u6c92\u6709\u98a8\u96aa\u62b5\u6d88\u5b89\u6392\uff09\u7684\u5009\u4f4d\u66f4\u7a69\u59a5\u3002<\/p>\n<h3>\u98a8\u96aa\u53ef\u63a7\u7684\u4ea4\u6613\u90e8\u7f72<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u570b4\u6708\u5efa\u7bc9\u8a31\u53ef\u610f\u5916\u52dd\u9810\u671f\uff0c\u6a13\u5e02\u97cc\u6027\u6d6e\u73fe\uff0c\u9700\u6c42\u672a\u9000\u3002\u6578\u64da\u5f37\u5316\u7d93\u6fdf\u524d\u666f\uff0c\u537b\u4ee4\u901a\u8139\u4e0b\u884c\u66f4\u6ce2\u6298\uff0c\u806f\u5132\u5c40\u6e1b\u606f\u6642\u9593\u8868\u518d\u6dfb\u8b8a\u6578\u3002<\/p>\n","protected":false},"author":125,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50569","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\/50569","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\/125"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/comments?post=50569"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/posts\/50569\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/media?parent=50569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/categories?post=50569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh-ca\/wp-json\/wp\/v2\/tags?post=50569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}