{"id":44315,"date":"2026-04-07T20:58:51","date_gmt":"2026-04-07T20:58:51","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/44315\/"},"modified":"2026-04-07T20:58:51","modified_gmt":"2026-04-07T20:58:51","slug":"%e5%9c%9f%e8%80%b3%e5%85%b6%e5%9c%8b%e5%ba%ab%e7%8f%be%e9%87%91%e7%b5%90%e9%a4%983%e6%9c%88%e6%93%b4%e5%a4%a7%e8%87%b3%e8%b2%a02795-8%e5%84%84%e9%87%8c%e6%8b%89%ef%bc%8c%e5%89%8d%e5%80%bc%e7%82%ba","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/44315\/","title":{"rendered":"\u571f\u8033\u5176\u570b\u5eab\u73fe\u91d1\u7d50\u99183\u6708\u64f4\u5927\u81f3\u8ca02,795.8\u5104\u91cc\u62c9\uff0c\u524d\u503c\u70ba\u8ca0944.2\u5104\u91cc\u62c9"},"content":{"rendered":"<p>\u571f\u8033\u5176\u8ca1\u653f\u90e8\uff08Treasury\uff0c\u8ca0\u8cac\u653f\u5e9c\u6536\u652f\u8207\u501f\u8cb8\uff09\u7684\u73fe\u91d1\u7d50\u9918\uff08cash balance\uff0c\u5373\u653f\u5e9c\u73fe\u91d1\u6d41\u5165\u6e1b\u73fe\u91d1\u6d41\u51fa\uff09\u57283\u6708\u9304\u5f97**\u8d64\u5b57\uff08deficit\uff0c\u5373\u5165\u4e0d\u6577\u652f\uff092,795.8\u5104\u91cc\u62c9**\uff0c\u76f8\u6bd4\u4e0a\u4e00\u671f\u8d64\u5b57**944.2\u5104\u91cc\u62c9**\u3002<\/p>\n<p>3\u6708\u7f3a\u53e3\u8f03\u4e0a\u4e00\u671f**\u64f4\u59271,851.6\u5104\u91cc\u62c9**\uff0c\u6578\u64da\u986f\u793a3\u6708\u7684\u73fe\u91d1\u7f3a\u53e3\u660e\u986f\u64f4\u95ca\u3002<\/p>\n<p>\u8ca1\u653f\u90e8\u73fe\u91d1\u8d64\u5b57\u6025\u5347\u81f3**-2,795.8\u5104\u91cc\u62c9**\uff0c\u53cd\u6620\u8ca1\u653f\u58d3\u529b\u986f\u8457\uff0c\u610f\u5473\u653f\u5e9c\u6216\u9700\u589e\u52a0\u767c\u50b5\u501f\u6b3e\uff08borrowing\uff0c\u5373\u900f\u904e\u767c\u884c\u653f\u5e9c\u50b5\u5238\u878d\u8cc7\uff09\uff0c\u5e7e\u4e4e\u5fc5\u7136\u5c0d\u571f\u8033\u5176\u91cc\u62c9\u69cb\u6210\u58d3\u529b\u3002\u6211\u5011\u9810\u671f**\u7f8e\u5143\u514c\u91cc\u62c9\uff08USD\/TRY\uff09**\u77ed\u671f\u5167\u6216\u518d\u5ea6\u6e2c\u8a66\u6b77\u53f2\u9ad8\u4f4d\u3002<\/p>\n<p>\u9019\u4efd\u8ca1\u653f\u6578\u64da\u4ee4\u901a\u8139\u5f62\u52e2\u66f4\u8907\u96dc\uff1b3\u6708\u6d88\u8cbb\u8005\u7269\u50f9\uff08CPI\uff0c\u5373\u6c11\u751f\u5546\u54c1\u53ca\u670d\u52d9\u50f9\u683c\u6307\u6578\uff09\u5347\u81f3**68.1%**\u3002\u5982\u8d64\u5b57\u9f90\u5927\uff0c\u5f80\u5f80\u5c6c**\u901a\u8139\u6027\uff08inflationary\uff0c\u5373\u63a8\u9ad8\u7269\u50f9\uff09**\u56e0\u7d20\uff0c\u4ee4\u592e\u884c\u4eca\u5e74\u6e1b\u606f\u7684\u53ef\u80fd\u6027\u4e0b\u964d\u3002\u884d\u751f\u54c1\uff08derivatives\uff0c\u5373\u50f9\u503c\u8ddf\u96a8\u5229\u7387\u3001\u532f\u7387\u7b49\u6a19\u7684\u800c\u8b8a\u52d5\u7684\u91d1\u878d\u5408\u7d04\uff09\u4ea4\u6613\u8005\u53ef\u7559\u610f**\u5229\u7387\u6389\u671f\uff08interest rate swaps\uff0c\u5373\u4ea4\u63db\u56fa\u5b9a\u5229\u7387\u8207\u6d6e\u52d5\u5229\u7387\u73fe\u91d1\u6d41\u7684\u5408\u7d04\uff09**\uff0c\u4ee5\u62bc\u6ce8\u5229\u7387\u5728\u5e74\u5e95\u524d\u7dad\u6301\u5728\u6216\u9ad8\u65bc\u73fe\u884c\u653f\u7b56\u5229\u7387**50%**\u3002<\/p>\n<p>\u6211\u5011\u9810\u8a08**\u7f8e\u5143\u514c\u91cc\u62c9\u671f\u6b0a\uff08options\uff0c\u5373\u5728\u6307\u5b9a\u671f\u9650\u5167\u4ee5\u6307\u5b9a\u50f9\u683c\u8cb7\u5165\u6216\u8ce3\u51fa\u532f\u7387\u7684\u6b0a\u5229\uff09**\u7684**\u96b1\u542b\u6ce2\u52d5\u7387\uff08implied volatility\uff0c\u5373\u7531\u671f\u6b0a\u50f9\u683c\u53cd\u63a8\u51fa\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u5e45\u7684\u9810\u671f\uff09**\u5728\u672a\u4f86\u6578\u5468\u986f\u8457\u4e0a\u5347\u3002\u4ea4\u6613\u8005\u53ef\u8003\u616e\u8cb7\u5165**\u9577\u5e74\u671f\u8a8d\u8cfc\u671f\u6b0a\uff08long-dated call options\uff0c\u5373\u8f03\u9577\u5230\u671f\u3001\u62bc\u6ce8\u532f\u7387\u4e0a\u5347\u7684\u671f\u6b0a\uff09**\uff0c\u4ee5\u53c3\u8207\u91cc\u62c9\u8d70\u5f31\uff0c\u540c\u6642\u628a\u6700\u5927\u8667\u640d\u9396\u5b9a\u5728\u5df2\u4ed8\u671f\u6b0a\u91d1\uff08premium\uff0c\u5373\u8cfc\u8cb7\u671f\u6b0a\u7684\u6210\u672c\uff09\u3002<\/p>\n<p>\u98a8\u96aa\u4ea6\u53cd\u6620\u5728\u4e3b\u6b0a\u50b5\u5e02\u5834\uff1a\u571f\u8033\u5176**5\u5e74\u671f\u4fe1\u7528\u9055\u7d04\u6389\u671f\uff08CDS\uff0ccredit default swaps\uff0c\u5373\u70ba\u50b5\u52d9\u9055\u7d04\u63d0\u4f9b\u4fdd\u96aa\u7684\u5408\u7d04\uff09**\u5df2\u64f4\u95ca\u81f3**315\u500b\u57fa\u9ede\u4ee5\u4e0a**\uff08basis points\uff0c\u57fa\u9ede\uff1b1\u57fa\u9ede=0.01\u500b\u767e\u5206\u9ede\uff09\uff0c\u986f\u793a\u570b\u969b\u6295\u8cc7\u8005\u6182\u616e\u589e\u52a0\u3002\u5c0d\u6c96\u6574\u9ad4\u5e02\u5834\u98a8\u96aa\u7684\u7b56\u7565\uff0c\u53ef\u8003\u616e\u8cb7\u5165**\u4f0a\u65af\u5766\u5821\u8b49\u4ea4\u6240100\u6307\u6578\uff08Borsa Istanbul 100\uff09**\u7684**\u8a8d\u6cbd\u671f\u6b0a\uff08puts\uff0c\u5373\u62bc\u6ce8\u6307\u6578\u4e0b\u8dcc\u7684\u671f\u6b0a\uff09**\uff0c\u56e0\u82e5\u91cc\u62c9\u5927\u5e45\u8cb6\u503c\uff0c\u901a\u5e38\u6703\u62d6\u7d2f\u80a1\u5e02\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u571f\u8033\u51763\u6708\u570b\u5eab\u73fe\u91d1\u7d50\u9918\u6025\u5287\u60e1\u5316\u81f3\u8ca02,795.8\u5104\u91cc\u62c9\uff0c\u8f03\u524d\u503c\u8ca0944.2\u5104\u5927\u5e45\u64f4\u5927\uff1b\u8ca1\u653f\u58d3\u529b\u9a5f\u589e\uff0c\u5e02\u5834\u95dc\u6ce8\u878d\u8cc7\u9700\u6c42\u8207\u91cc\u62c9\u6ce2\u52d5\u98a8\u96aa\u5347\u6eab\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-44315","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\/44315","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=44315"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/44315\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=44315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=44315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=44315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}