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\u5468\u4e8c\uff0c\u7f8e\u570b\u7e3d\u7d71\u7279\u6717\u666e\u8868\u793a\uff0c\u82e5\u5fb7\u9ed1\u862d\u5168\u9762\u91cd\u65b0\u958b\u653e\u970d\u723e\u6728\u8332\u6d77\u5cfd\uff08Strait of Hormuz\uff0c\u5168\u7403\u91cd\u8981\u7684\u77f3\u6cb9\u904b\u8f38\u6d77\u4e0a\u901a\u9053\uff09\uff0c\u5c07\u628a\u539f\u5b9a\u5c0d\u4f0a\u6717\u7684\u8ecd\u4e8b\u6253\u64ca\u66ab\u505c\u5169\u5468\u3002\u4f0a\u6717\u8868\u793a\u5df2\u63a5\u53d7\u70ba\u671f\u5169\u5468\u7684\u505c\u706b\uff0c\u4e26\u5c07\u65bc\u5468\u4e94\u5728\u5df4\u57fa\u65af\u5766\u4f0a\u65af\u862d\u5821\u5c55\u958b\u6703\u8ac7\u3002<\/p>\n

\u5e02\u5834\u5c0d\u970d\u723e\u6728\u8332\u6700\u65b0\u6d88\u606f\u7684\u53cd\u61c9<\/h3>\n

\u4f0a\u6717\u5916\u9577\u8868\u793a\uff0c\u970d\u723e\u6728\u8332\u6d77\u5cfd\u5c07\u6709\u5169\u5468\u300c\u5b89\u5168\u901a\u884c\u300d\uff0c\u6d88\u606f\u4ee4\u539f\u6cb9\u50f9\u683c\u4e0b\u8dcc\u3002\u6cb9\u50f9\u56de\u843d\uff0c\u7d13\u7de9\u5e02\u5834\u5c0d\u901a\u8139\uff08Inflation\uff0c\u7269\u50f9\u6301\u7e8c\u4e0a\u5347\uff09\u7684\u64d4\u6182\uff0c\u4ea6\u964d\u4f4e\u5e02\u5834\u5c0d\u806f\u5132\u5c40\uff08Federal Reserve\uff0c\u7f8e\u570b\u4e2d\u592e\u9280\u884c\uff09\u52a0\u606f\uff08Rate rises\uff0c\u63d0\u9ad8\u653f\u7b56\u5229\u7387\uff09\u7684\u9810\u671f\uff0c\u4ee4\u7f8e\u5143\u53d7\u58d3\uff0c\u5f9e\u800c\u5229\u597d\u767d\u9280\u3002<\/p>\n

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\u6bd4\u8f03\u73fe\u6642\u8207\u53bb\u5e74\u60c5\u6cc1<\/h3>\n

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\u91d1\u9280\u6bd4\u662f\u91cd\u8981\u6307\u6a19\uff0c\u73fe\u5831\u7d0488:1\uff0c\u63a5\u8fd1\u5169\u5e74\u9ad8\u4f4d\u3002\u904e\u5f80\u91d1\u9280\u6bd4\u9ad8\u65bc85\u6642\uff0c\u5f80\u5f80\u51fa\u73fe\u767d\u9280\u8dd1\u8d0f\u9ec3\u91d1\u7684\u968e\u6bb5\uff0c\u610f\u5473\u767d\u9280\u76f8\u5c0d\u9ec3\u91d1\u6216\u504f\u4f4e\uff0c\u53ef\u80fd\u5e36\u4f86\u914d\u5c0d\u4ea4\u6613\uff08Pair trades\uff0c\u540c\u6642\u505a\u591a\u4e00\u9805\u3001\u505a\u7a7a\u53e6\u4e00\u9805\u4ee5\u6355\u6349\u76f8\u5c0d\u8868\u73fe\u5dee\u7570\uff09\u6216\u76f4\u63a5\u505a\u591a\u767d\u9280\u7684\u6a5f\u6703\u3002<\/p>\n

\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u53ef\u8003\u616e\u5229\u7528\u767d\u9280\u5de5\u696d\u9700\u6c42\u7684\u652f\u6490\uff0c\u540c\u6642\u5c0d\u6c96\u5f37\u7f8e\u5143\u98a8\u96aa\u3002\u8cb7\u5165\u9577\u671f\u8a8d\u8cfc\u671f\u6b0a\uff08Long-dated call options\uff0c\u5230\u671f\u65e5\u8f03\u9060\u7684\u300c\u8cb7\u5165\u6b0a\u300d\uff0c\u7528\u8f03\u4f4e\u6210\u672c\u6355\u6349\u4e0a\u5347\u7a7a\u9593\uff09\u53ef\u5728\u5de5\u696d\u9700\u6c42\u5e36\u52d5\u6216\u5730\u7de3\u56e0\u7d20\u7a81\u8b8a\u5f15\u767c\u4e0a\u5347\u6642\u53d7\u60e0\uff0c\u4e26\u53ef\u628a\u98a8\u96aa\u9650\u5b9a\u5728\u5df2\u4ed8\u6b0a\u5229\u91d1\uff08Premium\uff0c\u8cb7\u671f\u6b0a\u6240\u652f\u4ed8\u7684\u8cbb\u7528\uff09\u3002\u6b64\u5916\uff0c\u82e5\u91d1\u9280\u6bd4\u56de\u843d\u81f3\u6b77\u53f2\u5e73\u5747\uff08Mean reversion\uff0c\u56de\u6b78\u5e73\u5747\u6c34\u5e73\u7684\u8d70\u52e2\uff09\uff0c\u76f8\u95dc\u90e8\u7f72\u4ea6\u53ef\u80fd\u53d7\u60e0\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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