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spreads\uff09\uff0c\u5728\u6536\u53d6\u671f\u6b0a\u91d1\uff08premium\uff09\u7684\u540c\u6642\u56b4\u683c\u754c\u5b9a\u4e0b\u884c\u98a8\u96aa\u3002<\/p>\n<p>8\u6708\u6c92\u6709\u806f\u5132\u5c40\u8b70\u606f\u6703\u8b70\uff0c\u672a\u4f86\u5b8f\u89c0\u6578\u64da\u2014\u2014\u5c24\u5176\u662fISM\u300c\u50f9\u683c\u652f\u4ed8\u300d\u5206\u9805\u53ca8\u67087\u65e5\u975e\u8fb2\u5c31\u696d\u2014\u2014\u5c07\u4e3b\u5c0e\u5e02\u5834\u4e0b\u4e00\u6b65\u65b9\u5411\u3002\u5e02\u5834\u5171\u8b58\u9810\u671f\u65b0\u589e\u8077\u4f4d\u50c5\u7d0491K\u3001\u5e73\u5747\u6642\u85aa\u6309\u5e743.5%\uff0c\u82e5\u901a\u8139\u76f8\u95dc\u6578\u64da\u51fa\u73fe\u4e0a\u884c\u9a5a\u559c\uff0c\u6216\u63a8\u9ad8\u5b73\u606f\u7387\u4e26\u58d3\u6291\u80a1\u5e02\u3002\u6211\u5011\u61c9\u70ba\u9019\u4e9b\u300c\u4e8c\u5143\u7d50\u679c\u300d\u4f5c\u90e8\u7f72\uff0c\u8cb7\u5165\u6210\u672c\u8f03\u4f4e\u3001\u671f\u9650\u8f03\u77ed\u7684\u671f\u6b0a\uff0c\u4ee5\u5728\u6578\u64da\u516c\u5e03\u524d\u628a\u63e1\u53ef\u80fd\u88ab\u4f4e\u4f30\u7684\u96b1\u542b\u6ce2\u5e45\uff08implied 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