{"id":43754,"date":"2026-03-30T17:43:10","date_gmt":"2026-03-30T17:43:10","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/43754\/"},"modified":"2026-03-30T17:43:10","modified_gmt":"2026-03-30T17:43:10","slug":"mufg-%e5%a0%b1%e5%91%8a%e7%a8%b1%ef%bc%8c%e5%8f%97%e8%83%bd%e6%ba%90%e5%87%ba%e5%8f%a3%e6%8f%90%e6%8c%af%e4%bb%a5%e5%8f%8a%e6%8c%aa%e5%a8%81%e5%a4%ae%e8%a1%8c%e6%94%bf%e7%ad%96%e9%87%8d%e6%96%b0","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/43754\/","title":{"rendered":"MUFG \u5831\u544a\u7a31\uff0c\u53d7\u80fd\u6e90\u51fa\u53e3\u63d0\u632f\u4ee5\u53ca\u632a\u5a01\u592e\u884c\u653f\u7b56\u91cd\u65b0\u5b9a\u50f9\u8da8\u65bc\u66f4\u9df9\u6d3e\u5f71\u97ff\uff0c\u632a\u5a01\u514b\u6717\uff08NOK\uff09\u8868\u73fe\u512a\u65bc\u6b50\u6d32\u540c\u696d\u8ca8\u5e63"},"content":{"rendered":"\u632a\u5a01\u514b\u6717\uff08NOK\uff09\u5728\u4e2d\u6771\u885d\u7a81\u671f\u9593\uff0c\u8868\u73fe\u512a\u65bc\u591a\u6578\u6b50\u6d32\u540c\u985e\u8ca8\u5e63\u3002\u9019\u901a\u5e38\u88ab\u8a8d\u70ba\u8207\u632a\u5a01\u4f5c\u70ba\u80fd\u6e90\u51fa\u53e3\u570b\u7684\u89d2\u8272\u6709\u95dc\uff0c\u4e5f\u53cd\u6620\u5e02\u5834\u5c0d\u632a\u5a01\u4e2d\u592e\u9280\u884c\uff08Norges Bank\uff0c\u632a\u5a01\u7684\u4e2d\u592e\u9280\u884c\uff09\u653f\u7b56\u7684\u770b\u6cd5\u66f4\u504f\u5411\u300c\u9df9\u6d3e\u300d\uff08\u6307\u50be\u5411\u5347\u606f\u3001\u63a1\u53d6\u8f03\u7dca\u7e2e\u653f\u7b56\u4ee5\u58d3\u4f4e\u901a\u81a8\uff09\u3002\n\n\u80fd\u6e90\u50f9\u683c\u4e0a\u5347\u8207\u50b5\u5238\u6b96\u5229\u7387\uff08\u6307\u6301\u6709\u50b5\u5238\u7684\u5831\u916c\u7387\uff09\u8d70\u9ad8\uff0c\u9810\u671f\u77ed\u671f\u5167\u53ef\u652f\u6490NOK\u3002\u4f46\u82e5\u6cb9\u50f9\u5927\u5e45\u98c6\u5347\uff0c\u53cd\u800c\u53ef\u80fd\u524a\u5f31\u652f\u6490\u529b\uff0c\u56e0\u70ba\u5b83\u6703\u52a0\u6df1\u5e02\u5834\u5c0d\u5168\u7403\u7d93\u6fdf\u653e\u7de9\u6216\u8870\u9000\u7684\u64d4\u6182\u3002\n\n<h3>Norges Bank Policy Outlook<\/h3>\n\u632a\u5a01\u4e2d\u592e\u9280\u884c\u5728\u4e0a\u9031\u6700\u65b0\u4e00\u6b21\u5229\u7387\u6c7a\u7b56\u6703\u8b70\u8868\u793a\uff0c\u300c\u5728\u63a5\u4e0b\u4f86\u7684\u8ca8\u5e63\u653f\u7b56\u6703\u8b70\u4e2d\uff0c\u53ef\u80fd\u9069\u5408\u5728\u5176\u4e2d\u4e00\u6b21\u63d0\u9ad8\u653f\u7b56\u5229\u7387\u300d\uff08\u653f\u7b56\u5229\u7387\uff1a\u4e2d\u592e\u9280\u884c\u7528\u4f86\u5f71\u97ff\u5e02\u5834\u5229\u7387\u7684\u57fa\u6e96\u5229\u7387\uff09\u3002\u901a\u81a8\uff08\u7269\u50f9\u6301\u7e8c\u4e0a\u6f32\uff09\u591a\u5e74\u9ad8\u65bc\u76ee\u6a19\uff0c\u4fc3\u4f7f\u592e\u884c\u66f4\u91cd\u8996\u901a\u81a8\u4e0a\u884c\u98a8\u96aa\uff08\u901a\u81a8\u53ef\u80fd\u66f4\u9ad8\u7684\u98a8\u96aa\uff09\u3002\n\n\u8f03\u5f37\u7684NOK\u6709\u52a9\u964d\u4f4e\u300c\u9032\u53e3\u901a\u81a8\u300d\uff08\u56e0\u8ca8\u5e63\u5347\u503c\uff0c\u9032\u53e3\u5546\u54c1\u4ee5\u672c\u5e63\u8a08\u50f9\u8b8a\u4fbf\u5b9c\uff0c\u9032\u800c\u58d3\u4f4e\u7269\u50f9\uff09\uff0c\u4f46\u4ecd\u7121\u6cd5\u6d88\u9664\u5e02\u5834\u5c0d\u901a\u81a8\u58d3\u529b\u6301\u7e8c\u5b58\u5728\u7684\u64d4\u6182\u3002\u632a\u5a01\u592e\u884c\u898f\u5283\u57282026\u5e74\u5347\u606f25\u201350\u500b\u57fa\u9ede\uff08bps\uff1b\u57fa\u9ede\u662f\u5229\u7387\u5e38\u7528\u55ae\u4f4d\uff0c1\u500b\u57fa\u9ede=0.01%\uff0c25\u500b\u57fa\u9ede=0.25%\uff09\u3002\n\n<h3>Derivative Trading Approach<\/h3>\n\u632a\u5a01\u592e\u884c\u7684\u9df9\u6d3e\u7acb\u5834\u8b93\u4e0a\u8ff0\u770b\u6cd5\u66f4\u6709\u652f\u6490\u3002\u4ee52026\u5e742\u6708\u6700\u65b0\u901a\u81a8\u6578\u64da\u70ba\u4f8b\uff0c\u9054\u52304.2%\uff0c\u660e\u986f\u9ad8\u65bc2%\u76ee\u6a19\uff0c\u56e0\u6b64\u592e\u884c\u5f88\u96e3\u4e0d\u63a1\u53d6\u884c\u52d5\u3002\u4e5f\u56e0\u6b64\uff0c\u5229\u7387\u4ea4\u63db\uff08interest rate swap\uff1b\u4e00\u7a2e\u884d\u751f\u6027\u5546\u54c1\uff0c\u7528\u4f86\u4ea4\u63db\u56fa\u5b9a\u5229\u7387\u8207\u6d6e\u52d5\u5229\u7387\u7684\u5229\u606f\u652f\u4ed8\uff0c\u5e38\u7528\u4f86\u63a8\u4f30\u6216\u907f\u96aa\u5229\u7387\u8d70\u52e2\uff09\u76ee\u524d\u53cd\u6620\uff1a\u5728\u5373\u5c07\u5230\u4f86\u76845\u6708\u6703\u8b70\u5347\u606f25\u500b\u57fa\u9ede\u7684\u6a5f\u7387\u5df2\u9ad8\u65bc90%\u3002\n\n\u5c0d\u884d\u751f\u6027\u5546\u54c1\uff08derivatives\uff1b\u50f9\u503c\u4f86\u81ea\u6a19\u7684\u8cc7\u7522\u5982\u532f\u7387\u3001\u5229\u7387\u3001\u5546\u54c1\u50f9\u683c\u7684\u91d1\u878d\u5de5\u5177\uff09\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u9019\u8868\u793a\u53ef\u8003\u616e\u8cb7\u5165NOK\u7684\u77ed\u5929\u671f\u8cb7\u6b0a\uff08call option\uff1b\u9078\u64c7\u6b0a\u7684\u4e00\u7a2e\uff0c\u7d66\u4f60\u5728\u5230\u671f\u524d\/\u5230\u671f\u65e5\u4ee5\u7d04\u5b9a\u50f9\u683c\u8cb7\u5165\u6a19\u7684\u7684\u6b0a\u5229\uff09\uff0c\u7279\u5225\u662f\u76f8\u5c0d\u65bc\u6b50\u5143\u6216\u745e\u58eb\u6cd5\u90ce\u7b49\u300c\u592e\u884c\u8f03\u4e0d\u7a4d\u6975\u5347\u606f\u300d\u7684\u8ca8\u5e63\u3002\u4e5f\u53ef\u4f7f\u7528\u591a\u982d\u50f9\u5dee\u7b56\u7565\uff08bullish call spread\uff1b\u540c\u6642\u8cb7\u5165\u8f03\u4f4e\u5c65\u7d04\u50f9\u8cb7\u6b0a\u3001\u8ce3\u51fa\u8f03\u9ad8\u5c65\u7d04\u50f9\u8cb7\u6b0a\uff0c\u4ee5\u964d\u4f4e\u6b0a\u5229\u91d1\u6210\u672c\u4e26\u628a\u7372\u5229\u4e0a\u9650\u8a2d\u5b9a\u5728\u4e00\u5b9a\u7bc4\u570d\uff09\u4f86\u5e03\u5c40\u592e\u884c\u4e0b\u6b21\u6c7a\u7b56\u524dNOK\u9032\u4e00\u6b65\u5347\u503c\uff0c\u540c\u6642\u63a7\u5236\u6b0a\u5229\u91d1\uff08premium\uff1b\u8cb7\u9078\u64c7\u6b0a\u9700\u5148\u652f\u4ed8\u7684\u8cbb\u7528\uff09\u652f\u51fa\u3002\u6b64\u7b56\u7565\u53ef\u540c\u6642\u638c\u63e1\u9ad8\u80fd\u6e90\u50f9\u683c\u8207\u5229\u5dee\u64f4\u5927\uff08interest rate differentials\uff1b\u5169\u570b\u5229\u7387\u5dee\u5f71\u97ff\u8cc7\u91d1\u6d41\u5411\u8207\u532f\u7387\uff09\u7684\u4e0a\u884c\u7a7a\u9593\u3002\n\n\u56de\u9867\u4f86\u770b\uff0c2025\u5e74\u5e95\u4e5f\u66fe\u51fa\u73fe\u985e\u4f3c\u60c5\u6cc1\uff1a\u80fd\u6e90\u50f9\u683c\u4e0a\u6f32\u6642\uff0cNOK\u4e00\u958b\u59cb\u8868\u73fe\u9818\u5148\u3002\u9019\u500b\u89c0\u9ede\u7684\u4e3b\u8981\u98a8\u96aa\uff0c\u662f\u6cb9\u50f9\u56b4\u91cd\u98c6\u5347\u81f3\u6bcf\u6876120\u7f8e\u5143\u4ee5\u4e0a\uff0c\u53ef\u80fd\u5f15\u767c\u5168\u7403\u660e\u986f\u653e\u7de9\u3002\u82e5\u5e02\u5834\u958b\u59cb\u64d4\u5fc3\u5168\u7403\u8870\u9000\uff0c\u9019\u7a2e\u6050\u614c\u5f88\u53ef\u80fd\u84cb\u904e\u9ad8\u6cb9\u50f9\u5c0d\u514b\u6717\u7684\u597d\u8655\u3002\n\n<b><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">\u5efa\u7acb\u4f60\u7684 VT Markets \u5373\u6642\u5e33\u6236<\/a>\u00a0\u4e26\u00a0<a href=\"https:\/\/myaccount.vtmarkets.com\/login\">\u7acb\u5373\u958b\u59cb\u4ea4\u6613<\/a>\u3002 <\/b>\n<p>\n\n<p><strong>\u7acb\u5373\u958b\u59cb\u4ea4\u6613 &#8211; \u9ede\u64ca<a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">\u9019\u88e1<\/a>\u5275\u5efa\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236 <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u4e2d\u6771\u885d\u7a81\u63a8\u5347\u6cb9\u50f9\uff0c\u632a\u5a01\u514b\u6717\u9006\u52e2\u9818\u8dd1\u6b50\u5e63\uff01\u80fd\u6e90\u51fa\u53e3\u8207\u632a\u5a01\u592e\u884c\u9df9\u6d3e\u5347\u606f\u9810\u671f\u652f\u6490NOK\uff1b\u884d\u751f\u54c1\u504f\u591a\u5e03\u5c40\uff0c\u4f46\u6cb9\u50f9\u98c6\u7834120\u6050\u5f15\u8870\u9000\u53cd\u566c\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-43754","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\/wp-json\/wp\/v2\/posts\/43754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=43754"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/43754\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=43754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=43754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=43754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}