{"id":44936,"date":"2026-04-14T22:00:15","date_gmt":"2026-04-14T22:00:15","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/44936\/"},"modified":"2026-04-14T22:00:15","modified_gmt":"2026-04-14T22:00:15","slug":"%e7%be%8e%e5%9c%8b52%e9%80%b1%e6%9c%9f%e5%9c%8b%e5%ba%ab%e5%88%b8%e6%8b%8d%e8%b3%a3%e5%ad%b3%e6%81%af%e5%8d%87%e8%87%b33-56%ef%bc%8c%e9%ab%98%e6%96%bc%e4%b8%8a%e6%ac%a1%e7%9a%843-485","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/44936\/","title":{"rendered":"\u7f8e\u570b52\u9031\u671f\u570b\u5eab\u5238\u62cd\u8ce3\u5b73\u606f\u5347\u81f33.56%\uff0c\u9ad8\u65bc\u4e0a\u6b21\u76843.485%"},"content":{"rendered":"<p>\u7f8e\u570b\u9032\u884c52\u661f\u671f\uff08\u4e00\u5e74\u671f\uff09\u570b\u5eab\u5238\uff08Treasury bill\uff0c\u7c21\u7a31T-bill\uff1b\u5c6c\u77ed\u671f\u653f\u5e9c\u50b5\u52d9\u5de5\u5177\uff09\u62cd\u8ce3\u3002  <\/p>\n<p>\u62cd\u8ce3\u7684\u6700\u9ad8\u5229\u7387\u5347\u81f33.56%\uff0c\u9ad8\u65bc\u4e0a\u6b21\u76843.485%\u3002  <\/p>\n<p>52\u661f\u671f\u570b\u5eab\u5238\u62cd\u8ce3\u5b73\u606f\uff08yield\uff1b\u5373\u6295\u8cc7\u8005\u6301\u6709\u81f3\u5230\u671f\u53ef\u7372\u7684\u56de\u5831\u7387\uff09\u4e0a\u5347\uff0c\u53cd\u6620\u5e02\u5834\u6b63\u70ba\u672a\u4f86\u4e00\u5e74\u66f4\u9ad8\u7684\u77ed\u671f\u5229\u7387\u8d70\u52e2\u4f5c\u5b9a\u50f9\u3002\u5e02\u5834\u5c0d\u901a\u8139\uff08inflation\uff1b\u7269\u50f9\u6301\u7e8c\u4e0a\u5347\uff09\u6182\u616e\u4ecd\u5728\uff0c\u6295\u8cc7\u8005\u8981\u6c42\u66f4\u9ad8\u56de\u5831\u624d\u9858\u610f\u6301\u6709\u653f\u5e9c\u50b5\u52d9\uff0c\u4e26\u9810\u671f\u806f\u5132\u5c40\uff08Federal Reserve\uff0c\u7f8e\u570b\u592e\u884c\uff09\u5c07\u88ab\u8feb\u7dad\u6301\u504f\u7dca\u7684\u653f\u7b56\u7acb\u5834\uff0c\u5373\u7dad\u6301\u8f03\u9ad8\u5229\u7387\u4ee5\u58d3\u6291\u7269\u50f9\u3002  <\/p>\n<p>\u6700\u65b0\u7684\u901a\u8139\u6578\u64da\u4ea6\u652f\u6301\u4e0a\u8ff0\u770b\u6cd5\u30022026\u5e743\u6708\u6d88\u8cbb\u7269\u50f9\u6307\u6578\uff08CPI\uff1b\u91cf\u5ea6\u4e00\u7c43\u5b50\u5546\u54c1\u53ca\u670d\u52d9\u50f9\u683c\u8b8a\u52d5\u7684\u6307\u6a19\uff09\u6309\u5e74\u610f\u5916\u7dad\u6301\u57283.2%\u3002\u5e02\u5834\u56e0\u6b64\u91cd\u65b0\u8abf\u6574\u5c0d\u5229\u7387\u7684\u9810\u671f\uff1b\u829d\u5546\u6240\uff08CME\uff09FedWatch\u5de5\u5177\uff08\u4ee5\u5229\u7387\u671f\u8ca8\u50f9\u683c\u63a8\u7b97\u8b70\u606f\u6a5f\u6703\u7684\u6307\u6a19\uff09\u986f\u793a\uff0c\u5e02\u5834\u4f30\u8a082026\u5e747\u6708\u8b70\u606f\u6703\u8b70\u52a0\u606f\u6a5f\u6703\u63a5\u8fd140%\uff0c\u9ad8\u65bc\u4e0a\u6708\u7d0410%\u3002\u5728\u6b64\u8da8\u52e2\u4e0b\uff0c\u806f\u5132\u5c40\u77ed\u671f\u5167\u6e1b\u606f\uff08easing\uff1b\u653e\u5bec\u8ca8\u5e63\u653f\u7b56\u3001\u4e0b\u8abf\u5229\u7387\uff09\u7684\u53ef\u80fd\u6027\u4e0d\u9ad8\u3002  <\/p>\n<p>\u70ba\u61c9\u5c0d\u5229\u7387\u504f\u9ad8\u7684\u60c5\u6cc1\uff0c\u90e8\u7f72\u65b9\u5411\u53ef\u5305\u62ec\u6cbd\u51fa\u77ed\u671f\u5229\u7387\u671f\u8ca8\uff08futures\uff1b\u5728\u672a\u4f86\u4ee5\u6307\u5b9a\u50f9\u683c\u8cb7\u8ce3\u7684\u5408\u7d04\uff09\uff0c\u4f8b\u5982\u8207SOFR\u639b\u920e\u7684\u5408\u7d04\u3002SOFR\uff08Secured Overnight Financing Rate\uff1b\u4ee5\u7f8e\u570b\u570b\u50b5\u4f5c\u62b5\u62bc\u7684\u9694\u591c\u501f\u8cb8\u5229\u7387\u57fa\u6e96\uff0c\u5e38\u7528\u4f5c\u7f8e\u5143\u5229\u7387\u6307\u6a19\uff09\u76f8\u95dc\u4ea4\u6613\u5728\u5229\u7387\u672a\u5982\u5148\u524d\u5e02\u5834\u671f\u671b\u56de\u843d\u6642\u53ef\u53d7\u60e0\u3002\u671f\u6b0a\u4ea4\u6613\u8005\uff08options\uff1b\u8ce6\u4e88\u8cb7\u8ce3\u6b0a\u5229\u4f46\u975e\u7fa9\u52d9\u7684\u5408\u7d04\uff09\u4ea6\u53ef\u8003\u616e\u5728\u570b\u50b5\u7968\u64da\u671f\u8ca8\uff08Treasury note futures\uff1b\u4ee5\u4e2d\u671f\u7f8e\u570b\u570b\u50b5\u70ba\u6a19\u7684\u7684\u671f\u8ca8\uff09\u4e0a\u6cbd\u51fa\u8a8d\u8cfc\u671f\u6b0a\u50f9\u5dee\uff08call spread\uff1b\u540c\u6642\u8cb7\u5165\u53ca\u8ce3\u51fa\u4e0d\u540c\u5c65\u7d04\u50f9\u7684\u8a8d\u8cfc\u671f\u6b0a\uff0c\u4ee5\u9650\u5236\u98a8\u96aa\u53ca\u56de\u5831\uff09\uff0c\u4ee5\u6709\u9650\u98a8\u96aa\u62bc\u6ce8\u5b73\u606f\u7dad\u6301\u9ad8\u4f01\u6216\u9032\u4e00\u6b65\u4e0a\u5347\u3002  <\/p>\n<p>\u9019\u985e\u74b0\u5883\u4e00\u822c\u4e0d\u5229\u80a1\u5e02\uff0c\u7279\u5225\u662f\u5c0d\u501f\u8cb8\u6210\u672c\u66f4\u654f\u611f\u7684\u589e\u9577\u80a1\u53ca\u79d1\u6280\u80a1\u3002\u82e5\u5e02\u5834\u518d\u6b21\u5426\u5b9a\u300c\u5feb\u5c07\u6e1b\u606f\u300d\u7684\u9810\u671f\uff0c\u7d0d\u65af\u9054\u514b100\u6307\u6578\uff08Nasdaq 100\uff0cNDX\uff1b\u4ee5\u5927\u578b\u79d1\u6280\u53ca\u589e\u9577\u80a1\u70ba\u4e3b\u7684\u7f8e\u80a1\u6307\u6578\uff09\u6216\u9762\u5c0d\u56de\u5410\u98a8\u96aa\u3002\u56e0\u61c9\u6f5b\u5728\u4e0b\u8dcc\uff0c\u8cb7\u5165\u4fdd\u8b77\u6027\u8a8d\u6cbd\u671f\u6b0a\uff08protective put\uff1b\u6301\u6709\u8cc7\u7522\u540c\u6642\u8cb7\u5165\u8a8d\u6cbd\u671f\u6b0a\u4f5c\u4fdd\u96aa\uff09\u53ef\u4f5c\u5c0d\u6c96\uff08hedge\uff1b\u964d\u4f4e\u6295\u8cc7\u7d44\u5408\u6ce2\u52d5\u6216\u8667\u640d\u98a8\u96aa\uff09\u90e8\u7f72\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u570b52\u9031\u671f\u570b\u5eab\u5238\u62cd\u8ce3\u5b73\u606f\u5347\u81f33.56%\uff0c\u8f03\u4e0a\u6b213.485%\u518d\u4e0a\u63da\uff1b\u77ed\u606f\u8d70\u9ad8\u8a0a\u865f\u518d\u73fe\uff0c\u5e02\u5834\u95dc\u6ce8\u806f\u5132\u53d6\u614b\u8207\u8cc7\u91d1\u6210\u672c\u6500\u5347\u5c0d\u80a1\u50b5\u4f30\u503c\u885d\u64ca\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-44936","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\/44936","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=44936"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/44936\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=44936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=44936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=44936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}