{"id":46281,"date":"2026-04-29T23:31:17","date_gmt":"2026-04-29T23:31:17","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46281\/"},"modified":"2026-04-29T23:31:17","modified_gmt":"2026-04-29T23:31:17","slug":"3%e6%9c%88%e4%bf%84%e7%be%85%e6%96%af%e5%a4%b1%e6%a5%ad%e7%8e%87%e7%b6%ad%e6%8c%81%e4%b8%8d%e8%ae%8a%ef%bc%8c%e6%8c%81%e5%b9%b3%e6%96%bc2-2%ef%bc%8c%e5%8f%8d%e6%98%a0%e5%8b%9e%e5%8b%95%e5%b8%82","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/46281\/","title":{"rendered":"3\u6708\u4fc4\u7f85\u65af\u5931\u696d\u7387\u7dad\u6301\u4e0d\u8b8a\uff0c\u6301\u5e73\u65bc2.2%\uff0c\u53cd\u6620\u52de\u52d5\u5e02\u5834\u6301\u7e8c\u7a69\u5b9a"},"content":{"rendered":"<p>\u4fc4\u7f85\u65af3\u6708\u5931\u696d\u7387\u7dad\u6301\u57282.2%\uff0c\u8207\u4e0a\u6708\u6301\u5e73\u3002<\/p>\n<p>\u6578\u64da\u986f\u793a3\u6708\u5931\u696d\u60c5\u6cc1\u4fdd\u6301\u7a69\u5b9a\uff0c\u5831\u544a\u672a\u63d0\u4f9b\u66f4\u591a\u8cc7\u6599\u3002<\/p>\n<h3>\u52de\u5de5\u5e02\u5834\u7dca\u5f35\u63a8\u9ad8\u653f\u7b56\u98a8\u96aa<\/h3>\n<p>\u5931\u696d\u7387\u7dad\u63012.2%\uff0c\u53cd\u6620\u52de\u5de5\u5e02\u5834\u6975\u5ea6\u7dca\u7d40\uff08\u5373\u5de5\u4eba\u4f9b\u61c9\u4e0d\u8db3\u3001\u4f01\u696d\u96e3\u8acb\u4eba\uff09\uff0c\u7e7c\u7e8c\u6210\u70ba\u4fc4\u7f85\u65af\u7d93\u6fdf\u7684\u91cd\u8981\u9650\u5236\u3002\u6211\u5011\u8a8d\u70ba\u5de5\u8cc7\u4e0a\u5347\u58d3\u529b\u5c07\u6301\u7e8c\uff0c\u63a8\u52d5\u672c\u5730\u901a\u8139\uff08\u5373\u6574\u9ad4\u7269\u50f9\u4e0a\u5347\uff09\u3002\u9019\u4ee4\u4fc4\u7f85\u65af\u592e\u884c\u5728\u672a\u4f86\u6578\u5468\u7dad\u6301\u504f\u9df9\u53d6\u614b\uff08hawkish stance\uff0c\u5373\u50be\u5411\u52a0\u606f\u6216\u7dad\u6301\u9ad8\u606f\u4ee5\u58d3\u6291\u901a\u8139\uff09\u6a5f\u6703\u751a\u9ad8\u3002<\/p>\n<p>\u7531\u65bc\u592e\u884c\u4ee5\u901a\u8139\u70ba\u512a\u5148\uff0c\u5e02\u5834\u6216\u9700\u9810\u671f\u57fa\u6e96\u5229\u7387\uff08key interest rate\uff0c\u5373\u592e\u884c\u7684\u653f\u7b56\u5229\u7387\uff0c\u5f71\u97ff\u9280\u884c\u501f\u8cb8\u53ca\u5e02\u5834\u5229\u7387\uff09\u7dad\u6301\u9ad8\u4f4d\uff0c\u53ef\u80fd\u4ecd\u5b88\u5728\u81ea2023\u5e74\u5e95\u4ee5\u4f86\u768416%\u3002\u9019\u7a2e\u7dca\u7e2e\u8ca8\u5e63\u653f\u7b56\uff08restrictive monetary policy\uff0c\u5373\u4ee5\u9ad8\u5229\u7387\u6291\u5236\u501f\u8cb8\u8207\u6d88\u8cbb\uff09\u65e8\u5728\u652f\u6301\u76e7\u5e03\u4e26\u964d\u6eab\u9700\u6c42\u3002\u56e0\u6b64\uff0c\u62bc\u6ce8\u76e7\u5e03\u4fdd\u6301\u7a69\u5b9a\u7684\u884d\u751f\u5de5\u5177\u7b56\u7565\uff08derivative plays\uff1b\u884d\u751f\u5de5\u5177\u5373\u50f9\u503c\u8ddf\u96a8\u5176\u4ed6\u8cc7\u7522\u8b8a\u52d5\u7684\u5408\u7d04\uff0c\u5982\u671f\u6b0a\u3001\u671f\u8ca8\uff09\u6216\u8f03\u6709\u5229\uff0c\u4f8b\u5982\u6cbd\u51fa\u50f9\u5916\u7f8e\u5143\/\u76e7\u5e03\u8a8d\u8cfc\u671f\u6b0a\uff08selling out-of-the-money USD\/RUB call options\uff1b\u50f9\u5916\u5373\u884c\u4f7f\u50f9\u9ad8\u65bc\u73fe\u50f9\u7684\u8a8d\u8cfc\u671f\u6b0a\uff0c\u6cbd\u51fa\u5373\u6536\u53d6\u6b0a\u5229\u91d1\uff0c\u8ced\u532f\u50f9\u4e0d\u6703\u5927\u5e45\u4e0a\u5347\uff09\u3002<\/p>\n<p>\u52de\u5de5\u77ed\u7f3a\u4ea6\u6703\u5f71\u97ff\u4f01\u696d\u76c8\u5229\uff0c\u4ee4\u80a1\u7968\u8d70\u52e2\u66f4\u8907\u96dc\u3002\u96d6\u7136\u6578\u64da\u53cd\u6620\u6d88\u8cbb\u9700\u6c42\u504f\u5f37\uff0c\u4f46\u5de5\u8cc7\u6210\u672c\u4e0a\u5347\u6703\u64e0\u58d3\u5728\u83ab\u65af\u79d1\u4ea4\u6613\u6240\uff08MOEX\uff09\u4e0a\u5e02\u516c\u53f8\u7684\u5229\u6f64\u7387\u3002\u9019\u7a2e\u4e0d\u78ba\u5b9a\u6027\u6216\u63a8\u9ad8\u6ce2\u5e45\uff08volatility\uff0c\u5373\u50f9\u683c\u4e0a\u843d\u5e45\u5ea6\uff09\uff0c\u5c0d\u62bc\u6ce8\u5927\u5e45\u6ce2\u52d5\u7684\u4ea4\u6613\u7b56\u7565\u53ef\u80fd\u66f4\u5408\u9069\uff0c\u4f8b\u5982\u8cb7\u5165MOEX\u6307\u6578\u671f\u8ca8\u7684\u8de8\u5f0f\uff08buying straddles\uff1b\u8de8\u5f0f\u5373\u540c\u6642\u8cb7\u5165\u76f8\u540c\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\u53ca\u8a8d\u6cbd\u671f\u6b0a\uff0c\u62bc\u6ce8\u7121\u8ad6\u5347\u8dcc\u90fd\u51fa\u73fe\u5927\u884c\u60c5\uff09\uff0c\u4ee5\u6355\u6349\u4efb\u4e00\u65b9\u5411\u7684\u660e\u986f\u8d70\u52e2\u3002<\/p>\n<p>\u6211\u5011\u4ea6\u5bc6\u5207\u7559\u610f\u5546\u54c1\u50f9\u683c\uff0c\u7279\u5225\u662f\u70cf\u62c9\u723e\u539f\u6cb9\uff08Urals crude\uff0c\u4fc4\u7f85\u65af\u4e3b\u8981\u51fa\u53e3\u539f\u6cb9\u57fa\u6e96\uff09\uff0c\u56e0\u5176\u662f\u653f\u5e9c\u6536\u5165\u8207\u8ca8\u5e63\u8d70\u52e2\u7684\u91cd\u8981\u63a8\u52d5\u529b\u30022025\u5e74\u4ee5\u4f86\uff0c\u6cb9\u50f9\u6ce2\u52d5\u5982\u4f55\u76f4\u63a5\u5f71\u97ff\u76e7\u5e03\u8d70\u52e2\u7684\u60c5\u6cc1\u5df2\u591a\u6b21\u51fa\u73fe\uff0c\u9810\u8a08\u4ecd\u6703\u6301\u7e8c\u3002\u82e5\u5168\u7403\u80fd\u6e90\u9700\u6c42\u8f49\u5f31\uff0c\u5373\u4f7f\u672c\u5730\u5229\u7387\u504f\u9ad8\uff0c\u4ea6\u53ef\u80fd\u8fc5\u901f\u524a\u5f31\u5c0d\u76e7\u5e03\u7684\u652f\u6301\u3002<\/p>\n<h3>\u6cb9\u50f9\u3001\u76e7\u5e03\u8207\u6ce2\u52d5<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>\u4fc4\u7f85\u65af3\u6708\u5931\u696d\u7387\u7dad\u63012.2%\u4e0d\u8b8a\uff0c\u52de\u52d5\u5e02\u5834\u7e8c\u7a69\uff1b\u4f4e\u5931\u696d\u80fd\u5426\u652f\u6490\u7d93\u6fdf\u589e\u9577\u8207\u5de5\u8cc7\u4e0a\u884c\uff1f\u5e02\u5834\u95dc\u6ce8\u653f\u7b56\u8d70\u5411\u53ca\u901a\u8139\u58d3\u529b\u5f8c\u7e8c\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-46281","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\/46281","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=46281"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/46281\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=46281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=46281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=46281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}