{"id":46637,"date":"2026-05-04T19:58:23","date_gmt":"2026-05-04T19:58:23","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46637\/"},"modified":"2026-05-04T19:58:23","modified_gmt":"2026-05-04T19:58:23","slug":"%e7%99%bd%e9%8a%80%e6%9c%ac%e5%91%a8%e9%96%8b%e5%b1%80%e4%b8%8b%e8%b7%8c%ef%bc%8c%e5%a0%b1%e7%b4%8473-50%e7%be%8e%e5%85%83%ef%bc%8c%e8%b7%8c2-41%ef%bc%8c%e5%8f%97%e7%be%8e%e5%85%83%e8%b5%b0%e5%bc%b7","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/46637\/","title":{"rendered":"\u767d\u9280\u672c\u5468\u958b\u5c40\u4e0b\u8dcc\uff0c\u5831\u7d0473.50\u7f8e\u5143\uff0c\u8dcc2.41%\uff0c\u53d7\u7f8e\u5143\u8d70\u5f37\u53ca\u50b5\u606f\u4e0a\u5347\u62d6\u7d2f"},"content":{"rendered":"<p>\u767d\u9280\u672c\u5468\u521d\u56de\u843d\uff0c\u5468\u4e00\u5728\u7d04 73.50 \u7f8e\u5143\u9644\u8fd1\u4ea4\u6613\uff0c\u8dcc 2.41%\u3002\u8d70\u52e2\u4e3b\u8981\u56e0\u7f8e\u5143\u8f49\u5f37\u53ca\u7f8e\u570b\u570b\u50b5\u5b73\u606f\u7387\u4e0a\u5347\uff0c\u5f15\u767c\u7372\u5229\u56de\u5410\u3002<\/p>\n<p>\u970d\u723e\u6728\u8332\u6d77\u5cfd\u5c40\u52e2\u5347\u6eab\u589e\u52a0\u4e0d\u78ba\u5b9a\u6027\u3002\u4f0a\u6717\u8207\u570b\u5bb6\u76f8\u95dc\u5a92\u9ad4\u5831\u9053\u6307\u6709\u5c0e\u5f48\u5c04\u5411\u4e00\u8258\u7f8e\u570b\u6d77\u8ecd\u8266\u8247\u3002\u7f8e\u65b9\u5b98\u54e1\u7a31\u6c92\u6709\u8239\u96bb\u88ab\u64ca\u4e2d\uff1b\u7f8e\u570b\u63a8\u51fa\u6d77\u8ecd\u884c\u52d5\u4ee5\u4fdd\u8b77\u5546\u696d\u822a\u9053\uff0c\u4f0a\u6717\u5247\u8b66\u544a\u5c07\u5831\u5fa9\uff0c\u4f46\u8ac7\u5224\u672a\u898b\u9032\u5c55\u3002<\/p>\n<h3>\u672c\u8f2a\u8d70\u52e2\u7684\u63a8\u52d5\u56e0\u7d20<\/h3>\n<p>\u5118\u7ba1\u5e02\u5834\u504f\u5411\u300c\u907f\u96aa\u300d\uff08\u5373\u6295\u8cc7\u8005\u6e1b\u5c11\u98a8\u96aa\u8cc7\u7522\u914d\u7f6e\uff09\uff0c\u8cc7\u91d1\u4e3b\u8981\u6d41\u5411\u7f8e\u5143\uff0c\u800c\u975e\u8cb4\u91d1\u5c6c\u3002\u5b73\u606f\u7387\u4e0a\u5347\u4ea6\u524a\u5f31\u767d\u9280\u5438\u5f15\u529b\uff0c\u56e0\u767d\u9280\u5c6c\u300c\u7121\u606f\u8cc7\u7522\u300d\uff08\u5373\u672c\u8eab\u4e0d\u6703\u6d3e\u5229\u606f\u6216\u606f\u7968\uff09\u3002<\/p>\n<p>\u5e02\u5834\u7e7c\u7e8c\u6d88\u5316\u7f8e\u570b\u8ca8\u5e63\u653f\u7b56\u5c07\u7dad\u6301\u504f\u7dca\u66f4\u4e45\u7684\u9810\u671f\uff0c\u539f\u56e0\u662f\u901a\u8139\u98a8\u96aa\u4ecd\u5728\uff0c\u5305\u62ec\u80fd\u6e90\u50f9\u683c\u4e0a\u5347\uff0c\u4ee5\u53ca\u4f9b\u61c9\u53ef\u80fd\u53d7\u963b\u5e36\u4f86\u7684\u5f71\u97ff\u3002CME FedWatch \u5de5\u5177\uff08\u5373\u7528\u5229\u7387\u671f\u8ca8\u50f9\u683c\u63a8\u7b97\u806f\u5132\u5c40\u52a0\u606f\u6216\u6e1b\u606f\u6a5f\u6703\u7684\u6307\u6a19\uff09\u986f\u793a\uff0c\u5e02\u5834\u5c07\u6e1b\u606f\u6642\u9593\u62bc\u5f8c\uff0c\u4e26\u66f4\u50be\u5411\u5b9a\u50f9\u300c\u5229\u7387\u7dad\u6301\u8f03\u9ad8\u66f4\u4e45\u300d\u3002<\/p>\n<p>\u7126\u9ede\u8f49\u5411\u5373\u5c07\u516c\u5e03\u7684\u7f8e\u570b\u6578\u64da\uff0c\u5305\u62ec\u5c31\u696d\u5e02\u5834\u53ca\u7d93\u6fdf\u6d3b\u52d5\u6578\u64da\uff0c\u4ee5\u53ca\u806f\u5132\u5c40\u5b98\u54e1\u8b1b\u8a71\uff0c\u9810\u6599\u5c07\u5f71\u97ff\u5e02\u5834\u5c0d\u672a\u4f86\u5229\u7387\u8d70\u5411\u7684\u9810\u671f\u3002<\/p>\n<p>\u622a\u81f3 2026 \u5e74 5 \u6708 4 \u65e5\uff0c\u767d\u9280\u5728\u7d04 28.50 \u7f8e\u5143\u9644\u8fd1\u4ea4\u6613\uff0c\u8d70\u52e2\u6a21\u5f0f\u4e26\u4e0d\u964c\u751f\u30022025 \u5e74\u7f8e\u5143\u5f37\u52e2\u53ca\u5b73\u606f\u4e0a\u5347\u66fe\u4ee4\u767d\u9280\u53d7\u58d3\uff0c\u9019\u6bb5\u6b77\u53f2\u80cc\u666f\u5c0d\u73fe\u6642\u90e8\u7f72\u4ecd\u5177\u53c3\u8003\u50f9\u503c\u3002<\/p>\n<p>\u7f8e\u5143\u6307\u6578\uff08\u8861\u91cf\u7f8e\u5143\u514c\u4e00\u7c43\u5b50\u4e3b\u8981\u8ca8\u5e63\u7684\u6307\u6a19\uff09\u76ee\u524d\u7a69\u5b88 105.5 \u4ee5\u4e0a\uff0c10 \u5e74\u671f\u7f8e\u50b5\u5b73\u606f\u7387\uff08\u5e02\u5834\u5e38\u7528\u7684\u57fa\u6e96\u9577\u606f\uff09\u5728\u7d04 4.6% \u5f98\u5f8a\uff0c\u5c0d\u767d\u9280\u7b49\u7121\u606f\u8cc7\u7522\u69cb\u6210\u58d3\u529b\u3002\u806f\u5132\u5c40\u6700\u65b0\u6703\u8b70\u7d00\u8981\u91cd\u7533\u300c\u4f9d\u6578\u64da\u884c\u4e8b\u300d\u4e26\u504f\u300c\u9df9\u6d3e\u300d\uff08\u5373\u8f03\u50be\u5411\u7dad\u6301\u9ad8\u606f\u6216\u52a0\u606f\u4ee5\u58d3\u6291\u901a\u8139\uff09\u7684\u7acb\u5834\uff0c\u4ee4\u5e02\u5834\u628a\u6e1b\u606f\u9810\u671f\u63a8\u9072\u81f3\u6700\u5c11\u7b2c\u56db\u5b63\uff0c\u8207\u53bb\u5e74\u6295\u8cc7\u60c5\u7dd2\u76f8\u4f3c\u3002<\/p>\n<h3>\u73fe\u6642\u7b56\u7565\u555f\u793a<\/h3>\n<p>\u4e0d\u540c\u65bc 2025 \u5e74\u4e2d\u6771\u7dca\u5f35\u5c40\u52e2\uff0c\u73fe\u6642\u5e02\u5834\u7126\u616e\u66f4\u591a\u6e90\u81ea\u592a\u5e73\u6d0b\u5730\u5340\u7684\u8cbf\u6613\u722d\u7aef\uff0c\u540c\u6a23\u63a8\u52d5\u8cc7\u91d1\u6d41\u5411\u7f8e\u5143\u907f\u96aa\u3002\u9019\u53cd\u6620\u4e00\u9ede\uff1a\u5730\u7de3\u653f\u6cbb\u98a8\u96aa\u4e0d\u4e00\u5b9a\u76f4\u63a5\u63a8\u9ad8\u8cb4\u91d1\u5c6c\uff0c\u73fe\u968e\u6bb5\u7f8e\u5143\u4ecd\u662f\u4e3b\u8981\u907f\u96aa\u9078\u64c7\u3002<\/p>\n<p>\u5728\u6b64\u74b0\u5883\u4e0b\uff0c\u53ef\u8003\u616e\u8cb7\u5165\u300c\u8a8d\u6cbd\u671f\u6b0a\u300d\uff08put options\uff0c\u5373\u5728\u6307\u5b9a\u671f\u9650\u5167\u4ee5\u6307\u5b9a\u50f9\u683c\u8ce3\u51fa\u8cc7\u7522\u7684\u6b0a\u5229\uff09\u70ba\u9577\u7dda\u767d\u9280\u6301\u5009\u5c0d\u6c96\u4e0b\u8dcc\u98a8\u96aa\u3002\u82e5\u7f8e\u5143\u7e8c\u5347\uff0c\u8dcc\u7a7f 28.00 \u7f8e\u5143\u95dc\u9375\u652f\u6301\u4f4d\uff08\u5373\u5e02\u5834\u666e\u904d\u8996\u70ba\u91cd\u8981\u9632\u5b88\u50f9\u4f4d\uff09\u6a5f\u6703\u589e\u52a0\u3002\u6b64\u505a\u6cd5\u53ef\u63d0\u4f9b\u4e0b\u884c\u4fdd\u8b77\uff0c\u6bcb\u9808\u51fa\u552e\u6838\u5fc3\u5be6\u7269\u6301\u5009\u3002<\/p>\n<p>\u5982\u8981\u90e8\u7f72\u767d\u9280\u9032\u4e00\u6b65\u8f49\u5f31\uff0c\u53ef\u8003\u616e\u6cbd\u51fa\u300c\u8a8d\u8cfc\u50f9\u5dee\u300d\uff08call spreads\uff0c\u5373\u540c\u6642\u8ce3\u51fa\u8f03\u4f4e\u884c\u4f7f\u50f9\u8a8d\u8cfc\u671f\u6b0a\u4e26\u8cb7\u5165\u8f03\u9ad8\u884c\u4f7f\u50f9\u8a8d\u8cfc\u671f\u6b0a\uff0c\u4ee5\u6536\u53d6\u6b0a\u5229\u91d1\u4f46\u9650\u5236\u98a8\u96aa\uff09\uff0c\u4e26\u628a\u884c\u4f7f\u50f9\u8a2d\u65bc 30.00 \u7f8e\u5143\u660e\u986f\u4ee5\u4e0a\uff0c\u4ee5\u6536\u53d6\u300c\u6b0a\u5229\u91d1\u300d\uff08premium\uff0c\u5373\u671f\u6b0a\u50f9\u683c\uff09\u3002\u300c\u96b1\u542b\u6ce2\u5e45\u300d\uff08implied volatility\uff0c\u5373\u671f\u6b0a\u5e02\u5834\u5b9a\u50f9\u53cd\u6620\u7684\u9810\u671f\u6ce2\u52d5\uff09\u4ecd\u504f\u4f4e\uff0c3 \u500b\u6708\u671f\u6b0a\u7d04 22%\uff0c\u4f7f\u6cbd\u671f\u6b0a\u7b56\u7565\u76f8\u5c0d\u5438\u5f15\uff1b\u6b64\u7b56\u7565\u53ef\u5728\u50f9\u683c\u6a6b\u884c\u6216\u4e0b\u8dcc\u6642\u7372\u5229\u3002<\/p>\n<p>\u540c\u6642\u9700\u7559\u610f\u300c\u91d1\u9280\u6bd4\u300d\uff08gold-silver ratio\uff0c\u5373\u4e00\u76ce\u53f8\u9ec3\u91d1\u53ef\u63db\u591a\u5c11\u76ce\u53f8\u767d\u9280\uff09\u5df2\u5347\u81f3 90:1\uff0c\u70ba 2025 \u5e74\u521d\u4ee5\u4f86\u9ad8\u4f4d\uff0c\u53cd\u6620\u767d\u9280\u76f8\u5c0d\u9ec3\u91d1\u504f\u4fbf\u5b9c\uff0c\u6216\u5e36\u4f86\u4e2d\u9577\u7dda\u6a5f\u6703\u3002\u53ef\u8003\u616e\u300c\u914d\u5c0d\u4ea4\u6613\u300d\uff08pairs trade\uff0c\u5373\u540c\u6642\u8cb7\u5165\u4e00\u500b\u54c1\u7a2e\u3001\u8ce3\u51fa\u53e6\u4e00\u500b\u54c1\u7a2e\u4ee5\u62bc\u6ce8\u76f8\u5c0d\u8868\u73fe\uff09\uff0c\u4f8b\u5982\u8cb7\u5165\u767d\u9280\u671f\u8ca8\u4e26\u6cbd\u51fa\u9ec3\u91d1\u671f\u8ca8\uff0c\u4ee5\u6355\u6349\u91d1\u9280\u6bd4\u5728\u672a\u4f86\u6578\u6708\u56de\u843d\uff08\u5373\u5411\u9577\u671f\u5e73\u5747\u56de\u6b78\uff09\u7684\u53ef\u80fd\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u767d\u9280\u672c\u5468\u958b\u5c40\u53d7\u58d3\uff0c\u5831\u7d0473.50\u7f8e\u5143\uff0c\u8dcc2.41%\u3002\u7f8e\u5143\u8d70\u5f37\u3001\u50b5\u606f\u4e0a\u5347\u96d9\u91cd\u593e\u64ca\uff0c\u77ed\u7dda\u8d70\u52e2\u8f49\u5f31\uff1b\u6295\u8cc7\u8005\u9808\u7559\u610f\u901a\u8139\u53ca\u606f\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-46637","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\/46637","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=46637"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/46637\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=46637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=46637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=46637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}