{"id":46129,"date":"2026-04-28T13:01:12","date_gmt":"2026-04-28T13:01:12","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46129\/"},"modified":"2026-04-28T13:01:12","modified_gmt":"2026-04-28T13:01:12","slug":"%e6%84%8f%e5%a4%a7%e5%88%a92%e6%9c%88%e5%b7%a5%e6%a5%ad%e9%8a%b7%e5%94%ae%e6%8c%89%e5%b9%b4%e5%8d%870-5%ef%bc%8c%e8%bc%83%e5%89%8d%e5%80%bc-1%e5%9b%9e%e5%8d%87","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/46129\/","title":{"rendered":"\u610f\u5927\u52292\u6708\u5de5\u696d\u92b7\u552e\u6309\u5e74\u53470.5%\uff0c\u8f03\u524d\u503c-1%\u56de\u5347"},"content":{"rendered":"<p>\u610f\u5927\u52292\u6708\u672a\u7d93\u5b63\u7bc0\u6027\u8abf\u6574\u7684\u5de5\u696d\u92b7\u552e\u6309\u5e74\u53470.5%\u3002\u6b64\u524d\u4e00\u500b\u671f\u6309\u5e74\u8dcc1%\u3002<\/p>\n<p>\u610f\u5927\u5229\u5de5\u696d2\u6708\u92b7\u552e\u6578\u64da\u8f49\u5411\u56de\u5347\uff0c\u91cb\u51fa\u504f\u6b63\u9762\u7684\u8a0a\u865f\u3002\u7531\u6309\u5e74\u8dcc1%\u8f49\u70ba\u53470.5%\uff0c\u53cd\u66202025\u5e74\u672b\u51fa\u73fe\u7684\u5de5\u696d\u75b2\u5f31\u6216\u6b63\u63a5\u8fd1\u898b\u5e95\u3002\u9019\u652f\u6301\u5c0d\u6b50\u6d32\u8cc7\u7522\u4fdd\u6301\u5be9\u614e\u504f\u6a02\u89c0\uff08\u5373\u770b\u597d\u4f46\u4ecd\u4fdd\u7559\u98a8\u96aa\u610f\u8b58\uff09\u7684\u53d6\u614b\u3002<\/p>\n<h3>\u5c0d\u6b50\u6d32\u80a1\u5e02\u7684\u555f\u793a<\/h3>\n<p>\u9019\u9805\u6539\u5584\uff0c\u52a0\u4e0a\u6a19\u666e\u5168\u7403\uff08S&#038;P Global\uff094\u6708\u6b50\u5143\u5340\u88fd\u9020\u696d\u63a1\u8cfc\u7d93\u7406\u6307\u6578\uff08PMI\uff0c\u7528\u554f\u5377\u8abf\u67e5\u8861\u91cf\u88fd\u9020\u696d\u666f\u6c23\uff1b50\u4ee5\u4e0a\u4ee3\u8868\u64f4\u5f35\u300150\u4ee5\u4e0b\u4ee3\u8868\u6536\u7e2e\uff09\u7dad\u6301\u572850.8\u7684\u64f4\u5f35\u5340\u9593\uff0c\u53ef\u8996\u70ba\u589e\u52a0\u504f\u597d\u98a8\u96aa\uff08\u770b\u5347\uff09\u90e8\u7f72\u7684\u7406\u64da\u4e4b\u4e00\u3002\u53ef\u8003\u616e\u8cb7\u5165\u5bcc\u6642\u610f\u5927\u5229MIB\u6307\u6578\uff08FTSE MIB\uff09\u8a8d\u8cfc\u671f\u6b0a\uff08call option\uff0c\u770b\u5347\u671f\u6b0a\uff1b\u5230\u671f\u6642\u53ef\u6309\u7d04\u5b9a\u50f9\u683c\u8cb7\u5165\u7684\u6b0a\u5229\uff09\uff0c\u5230\u671f\u65e5\u4ee5\u7b2c\u4e09\u5b63\u8f03\u5408\u9069\uff0c\u8b93\u5fa9\u7526\u8da8\u52e2\u6709\u6642\u9593\u767c\u9175\u3002\u8a72\u6307\u6578\u81ea4\u6708\u521d\u4ee5\u4f86\u5df2\u5347\u8fd14%\uff0c\u53cd\u6620\u5e02\u5834\u4fe1\u5fc3\u6b63\u5728\u56de\u5347\u3002<\/p>\n<p>\u504f\u5f37\u6578\u64da\u4ea6\u53ef\u80fd\u652f\u6490\u6b50\u5143\u8d70\u52e2\u3002\u6b50\u5143\u8fd1\u671f\u76f8\u5c0d\u7f8e\u5143\u504f\u5f31\uff1b\u82e5\u89c0\u5bdf\u6b50\u5143\u514c\u7f8e\u5143\uff08EUR\/USD\uff09\uff0c\u610f\u5927\u5229\u7684\u6b63\u9762\u6578\u64da\u8207\u7f8e\u570b\u7d93\u6fdf\u7684\u90e8\u5206\u504f\u6df7\u5408\u8a0a\u865f\u5f62\u6210\u5c0d\u6bd4\uff0c\u6216\u70ba\u532f\u50f9\u4e0a\u884c\u63d0\u4f9b\u7a7a\u9593\u3002\u53ef\u8003\u616e\u8cb7\u5165\u77ed\u671f\u6b50\u5143\u514c\u7f8e\u5143\u8a8d\u8cfc\u50f9\u5dee\uff08call spread\uff1a\u540c\u6642\u8cb7\u5165\u8f03\u4f4e\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\u3001\u8ce3\u51fa\u8f03\u9ad8\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\uff0c\u4ee5\u964d\u4f4e\u6210\u672c\u4f46\u9650\u5236\u6700\u9ad8\u76c8\u5229\uff09\uff0c\u4ee5\u8f03\u4f4e\u6210\u672c\u62bc\u6ce8\u532f\u50f9\u6216\u54111.10\u6c34\u5e73\u53cd\u5f48\u3002<\/p>\n<p>\u50b5\u5e02\u65b9\u9762\uff0c\u610f\u5927\u5229\u7d93\u6fdf\u8f03\u5f37\u53ef\u964d\u4f4e\u4e3b\u6b0a\u98a8\u96aa\uff08sovreign risk\uff1a\u653f\u5e9c\u8ca1\u653f\u8207\u511f\u50b5\u80fd\u529b\u7684\u4e0d\u78ba\u5b9a\u6027\uff09\uff0c\u4ea6\u5df2\u53cd\u6620\u5728\u5229\u5dee\u4e0a\uff1a\u610f\u5927\u522910\u5e74\u671fBTP\uff08\u610f\u5927\u5229\u570b\u50b5\uff09\u8207\u5fb7\u570b10\u5e74\u671fBund\uff08\u5fb7\u570b\u570b\u50b5\uff09\u606f\u5dee\u5df2\u6536\u7a84\u81f3125\u500b\u57fa\u9ede\uff08basis point\uff0c\u57fa\u9ede\uff1b1\u57fa\u9ede=0.01\u500b\u767e\u5206\u9ede\uff09\uff0c\u8f03\u5e74\u521d\u903e150\u57fa\u9ede\u660e\u986f\u56de\u843d\u3002\u4ea4\u6613\u8005\u53ef\u8003\u616e\u8ce3\u51faBTP\u671f\u8ca8\u7684\u50f9\u5916\u8a8d\u6cbd\u671f\u6b0a\uff08out-of-the-money put\uff1a\u884c\u4f7f\u50f9\u4f4e\u65bc\u73fe\u50f9\u3001\u4e00\u822c\u9700\u5e02\u5834\u4e0b\u8dcc\u624d\u8f03\u53ef\u80fd\u7372\u5229\u7684\u6cbd\u552e\u6b0a\u5229\uff09\uff0c\u6536\u53d6\u671f\u6b0a\u91d1\uff08premium\uff0c\u671f\u6b0a\u91d1\/\u6b0a\u5229\u91d1\uff09\uff0c\u62bc\u6ce8\u5927\u5e45\u4e0b\u8dcc\u7684\u6a5f\u6703\u4e0b\u964d\u3002<\/p>\n<p>\u9019\u985e\u5c0f\u5e45\u5229\u597d\u4ea6\u53ef\u7d13\u7de9\u5e02\u5834\u6182\u616e\uff0c\u901a\u5e38\u6703\u4ee4\u96b1\u542b\u6ce2\u52d5\u7387\uff08implied volatility\uff1a\u7531\u671f\u6b0a\u50f9\u683c\u63a8\u7b97\u7684\u5e02\u5834\u9810\u671f\u6ce2\u5e45\uff09\u4e0b\u884c\u3002VSTOXX\u6307\u6578\uff08\u8861\u91cfEuro Stoxx 50\u671f\u6b0a\u7684\u9810\u671f\u6ce2\u5e45\uff0c\u985e\u4f3c\u6b50\u80a1\u300c\u6050\u614c\u6307\u6a19\u300d\uff09\u5df2\u56de\u843d\u81f313.5\u7684\u6578\u6708\u4f4e\u4f4d\u3002\u82e5\u672a\u4f86\u6578\u5468\u7dad\u6301\u300c\u7d93\u6fdf\u6578\u64da\u7565\u504f\u6b63\u9762\u4e14\u7a69\u5b9a\u300d\u7684\u683c\u5c40\uff0c\u53ef\u8003\u616e\u8ce3\u51faVSTOXX\u671f\u8ca8\uff0c\u62bc\u6ce8\u6ce2\u52d5\u7387\u7dad\u6301\u504f\u4f4e\u3002<\/p>\n<h3>\u6ce2\u52d5\u8207\u6301\u5009\u5c55\u671b<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>\u610f\u5927\u52292\u6708\u5de5\u696d\u92b7\u552e\u6309\u5e74\u8f49\u53470.5%\uff0c\u64fa\u812b\u524d\u503c\u8dcc1%\u9670\u973e\uff0c\u53cd\u6620\u88fd\u9020\u696d\u9700\u6c42\u56de\u6696\uff1b\u70ba\u6b50\u6d32\u5fa9\u7526\u6dfb\u8b8a\u6578\uff0c\u6295\u8cc7\u8005\u5b9c\u95dc\u6ce8\u5f8c\u7e8c\u8a02\u55ae\u8207\u51fa\u53e3\u52d5\u5411\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-46129","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\/46129","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=46129"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/46129\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=46129"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=46129"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=46129"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}