{"id":52864,"date":"2026-07-29T23:53:07","date_gmt":"2026-07-29T23:53:07","guid":{"rendered":"https:\/\/www.vtmarkets.com\/zh-ca\/uncategorized\/52864\/"},"modified":"2026-07-29T23:53:07","modified_gmt":"2026-07-29T23:53:07","slug":"%e7%be%8e%e5%85%83%e6%8c%87%e6%95%b8%e8%b7%8c%e7%a9%bf101%e3%80%80%e8%81%af%e5%84%b2%e5%b1%80%e6%8c%89%e5%85%b5%e4%b8%8d%e5%8b%95%e4%bf%83%e5%b8%82%e5%a0%b4%e4%b8%8b%e8%aa%bf%e5%88%a9%e7%8e%87","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/52864\/","title":{"rendered":"\u7f8e\u5143\u6307\u6578\u8dcc\u7a7f101\u3000\u806f\u5132\u5c40\u6309\u5175\u4e0d\u52d5\u4fc3\u5e02\u5834\u4e0b\u8abf\u5229\u7387\u8d70\u52e2\u9810\u671f"},"content":{"rendered":"

\u7f8e\u5143\u6307\u6578\uff08DXY\uff09\u5728\u806f\u5132\u5c40\u65bc\u683c\u6797\u5a01\u6cbb\u6642\u959318:00\u4ee59\u6bd43\u6295\u7968\u7d50\u679c\u7dad\u6301\u806f\u90a6\u57fa\u91d1\u5229\u7387\u76ee\u6a19\u5340\u9593\u65bc3.50%\u81f33.75%\u4e0d\u8b8a\u5f8c\uff0c\u8dcc\u7a7f101.00\u6c34\u5e73\uff1b\u4e09\u540d\u6210\u54e1\u6295\u53cd\u5c0d\u7968\uff0c\u4e3b\u5f35\u5373\u6642\u52a0\u606f\u56db\u5206\u4e00\u5398\u3002\u6703\u5f8c\u4e00\u5c0f\u6642\u5167\uff0cDXY\u65bc100.90\u9644\u8fd1\u5f98\u5f8a\uff0c\u8f03\u76e4\u4e2d\u9ad8\u4f4d\u63a5\u8fd1101.50\u56de\u843d\u3002\u5118\u7ba1\u51fa\u73fe\u4e09\u7968\u53cd\u5c0d\uff0c\u5229\u7387\u671f\u8ca8\u53cd\u6620\u5e02\u5834\u91cd\u65b0\u5b9a\u50f9\u70ba\u300c\u6536\u7dca\u529b\u5ea6\u8f03\u5c0f\u300d\uff1a9\u670816\u65e5\u524d\u81f3\u5c11\u52a0\u606f\u4e00\u6b21\u7684\u96b1\u542b\u6a5f\u7387\u7531\u6703\u524d\u7d0480%\u56de\u843d\u81f3\u7d0464%\uff1b10\u6708\u7d04\u70ba75%\u300112\u6708\u7d04\u70ba85%\uff0c\u5169\u8005\u5747\u8f03\u5468\u4e00\u70ba\u4f4e\u3002\u81f3\u65bc12\u67089\u65e5\u524d\u81f3\u5c11\u52a0\u606f\u5169\u6b21\u7684\u6a5f\u7387\u5247\u753157%\u964d\u81f3\u7d0442%\uff1b12\u6708\u6700\u53ef\u80fd\u7684\u5229\u7387\u5340\u9593\u75314.00%-4.25%\u4e0b\u79fb\u81f33.75%-4.00%\u3002<\/p>\n

\u672c\u6b21\u6703\u8b70\u672a\u6709\u300a\u7d93\u6fdf\u9810\u6e2c\u6458\u8981\u300b\uff08SEP\uff09\uff0c\u4ea6\u7121\u660e\u78ba\u524d\u77bb\u6307\u5f15\uff0c\u5e02\u5834\u7126\u9ede\u8f49\u5411\u5f8c\u7e8c\u6578\u64da\u53ca9\u6708\u9ede\u9663\u5716\uff1b6\u6708\u9ede\u9663\u5716\u986f\u793a18\u500b\u9ede\u4e2d\u67099\u500b\u6307\u54112026\u5e74\u52a0\u606f\uff0c\u4f46\u5be6\u969b\u53ea\u670912\u540d\u53c3\u8207\u8005\u64c1\u6709\u6295\u7968\u6b0a\u3002\u5468\u56db\u5c07\u516c\u5e036\u6708PCE\uff1a\u6838\u5fc3PCE\u9810\u671f\u6309\u6708\u53470.2%\u3001\u6309\u5e74\u53473.3%\uff0c\u524d\u503c\u5206\u5225\u70ba0.3%\u53ca3.4%\uff1b\u6574\u9ad4PCE\u9810\u671f\u6309\u6708\u8dcc0.1%\u3001\u6309\u5e74\u53473.7%\uff0c\u524d\u503c\u6309\u5e74\u70ba4.1%\u3002\u540c\u65e5\u4ea6\u5305\u62ec\u7b2c\u4e8c\u5b63GDP\u521d\u503c\u9810\u671f\u70ba2.1%\uff0c\u521d\u9818\u5931\u696d\u6551\u6fdf\u91d1\u4eba\u6578\u9810\u671f20\u842c\uff0c\u524d\u503c18.7\u842c\u3002\u5468\u4e94\u5c07\u516c\u5e03\u7b2c\u4e8c\u5b63\u5c31\u696d\u6210\u672c\u6307\u6578\uff08ECI\uff09\u9810\u671f\u53470.8%\uff0c\u4ee5\u53ca\u5bc6\u6b47\u6839\u5927\u5b78\u901a\u8139\u9810\u671f\uff1a\u4e00\u5e74\u671f4.2%\u3001\u4e94\u5e74\u671f3.3%\u3002\u6280\u8853\u6c34\u5e73\u65b9\u9762\uff0c\u963b\u529b\u4f4d\u65bc101.00\u53ca101.50\uff1b\u652f\u6301\u4f4d\u5148\u770b100.85\uff0c\u5176\u5f8c\u70ba100.50\u53ca100.00\u3002<\/p>\n

Market Reaction and Current Trading Strategy<\/h3>\n

\u5e02\u5834\u51fa\u73fe\u5178\u578b\u300csell the rumor, buy the fact\u300d\u53cd\u61c9\uff0c\u7f8e\u5143\u6307\u6578\uff08DXY\uff09\u8dcc\u7a7f101.00\u81f3\u7d04100.90\u3002\u5373\u4f7f\u4e09\u540d\u5177\u6295\u7968\u6b0a\u6210\u54e1\u4e3b\u5f35\u5373\u6642\u52a0\u606f\uff0c\u806f\u5132\u5c40\u7dad\u63013.50%\u81f33.75%\u4e0d\u8b8a\u7684\u6c7a\u5b9a\u4ecd\u4ee4\u5e02\u5834\u5927\u5e45\u62bc\u6ce8\u672a\u4f86\u6536\u7dca\u529b\u5ea6\u4e0b\u964d\u3002\u6b77\u53f2\u4e0a\uff0c\u7576FOMC\u5167\u90e8\u5206\u6b67\u52a0\u5927\uff0c\u4f46\u4e3b\u5e2d\u62d2\u7d55\u5c31\u672a\u4f86\u5229\u7387\u8def\u5f91\u7684\u6642\u9593\u9ede\u4f5c\u51fa\u627f\u8afe\u6642\uff0c\u5e02\u5834\u5f80\u5f80\u6703\u6de1\u5316\u504f\u9df9\u96dc\u8a0a\uff0c\u4e26\u63a8\u52d5\u6536\u76ca\u7387\u66f2\u7dda\u8da8\u65bc\u5e73\u5766\u5316\u3002<\/p>\n

\u4f5c\u70ba\u884d\u751f\u54c1\u4ea4\u6613\u8005\uff0c\u672a\u4f86\u6578\u5468\u53ef\u5c0d\u7f8e\u5143\u63a1\u53d6\u504f\u6de1\u53d6\u5411\uff0c\u5c0b\u627e\u53cd\u5f48\u81f3101.00\u963b\u529b\u5340\u9593\u7684\u6cbd\u51fa\u6a5f\u6703\u3002\u53ef\u8003\u616e\u505a\u7a7aDXY\u671f\u8ca8\uff0c\u6216\u8cb7\u5165\u50f9\u5916\uff08out-of-the-money\uff09\u8a8d\u6cbd\u671f\u6b0a\uff0c\u76ee\u6a19\u6307\u5411100.50\u53ca100.00\u652f\u6301\u4f4d\uff0c\u98a8\u96aa\u56de\u5831\u8f03\u70ba\u5438\u5f15\u3002\u5efa\u8b70\u8a2d\u5b9a\u56b4\u683c\u5931\u6548\u6c34\u5e73\uff1a\u82e5DXY\u65e5\u7dda\u6536\u5e02\u91cd\u8fd4\u4e26\u4f01\u7a69101.50\u4e4b\u4e0a\uff0c\u61c9\u5e73\u5009\u96e2\u5834\u3002<\/p>\n

Implications for Interest Rate Derivatives<\/h3>\n

\u96a8\u84579\u6708\u52a0\u606f\u6a5f\u7387\u753180%\u964d\u81f3\u7d0464%\uff0c\u5229\u7387\u884d\u751f\u54c1\u6b63\u5feb\u901f\u8abf\u6574\u3002\u53ef\u900f\u904e\u5efa\u7acb\u77ed\u7aef\u5229\u7387\u671f\u8ca8\uff08\u5982SOFR\u5408\u7d04\uff09\u7684\u504f\u597d\u5009\u4f4d\u53d7\u60e0\uff0c\u56e0\u5e02\u5834\u5c0d\u7d42\u7aef\u5229\u7387\uff08terminal rate\uff09\u7684\u5b9a\u50f9\u6b63\u4e0b\u79fb\u300212\u6708\u524d\u52a0\u606f\u5169\u6b21\u7684\u6a5f\u7387\u753157%\u6025\u8dcc\u81f342%\uff0c\u53cd\u6620\u77ed\u671f\u5b73\u606f\u7387\u76ee\u524d\u300c\u963b\u529b\u6700\u5c0f\u300d\u65b9\u5411\u504f\u5411\u4e0b\u884c\u3002<\/p>\n

\u9700\u5bc6\u5207\u7559\u610f\u5373\u5c07\u516c\u5e03\u7684\u6838\u5fc3PCE\uff08\u9810\u671f\u6309\u5e74\u75313.4%\u964d\u81f33.3%\uff09\u53ca\u7b2c\u4e8c\u5b63GDP\u521d\u503c\uff08\u9810\u671f2.1%\uff09\u3002\u82e5PCE\u7b26\u5408\u901a\u8139\u964d\u6eab\u9810\u671f\uff0c\u5c07\u5f37\u5316\u806f\u5132\u5c40\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u7684\u7406\u64da\uff0c\u4e26\u9032\u4e00\u6b65\u62d6\u7d2f\u7f8e\u5143\u3002\u76f8\u53cd\uff0c\u82e5\u901a\u8139\u9810\u671f\u4ecd\u7136\u504f\u9ecf\uff0cDXY\u6216\u51fa\u73fe\u77ed\u7dda\u62bd\u5347\uff1b\u6b64\u985e\u4e0a\u6c96\u53ef\u8996\u70ba\u91cd\u65b0\u90e8\u7f72\u6cbd\u7a7a\u76f8\u95dc\u884d\u751f\u54c1\u5009\u4f4d\u7684\u8f03\u4f73\u7a97\u53e3\u3002<\/p>\n\n\n\n

\u7acb\u5373\u958b\u59cb\u4ea4\u6613 \u2014 \u9ede\u64ca\u6b64\u8655<\/a>\u958b\u8a2d\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236\u3002<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

\u806f\u5132\u5c409:3\u7dad\u6301\u606f\u73873.50-3.75\u5398\uff0cDXY\u5931\u5b88101\u5831100.90\uff1b\u5229\u7387\u671f\u8ca8\u4e0b\u8abf9\u6708\u52a0\u606f\u6a5f\u7387\u81f364%\u3002\u805a\u7126PCE\u3001GDP\uff1b\u963b\u529b101\/101.5\uff0c\u652f\u6301100.85\/100.5\/100\u3002<\/p>\n","protected":false},"author":87,"featured_media":50694,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t