{"id":46776,"date":"2026-05-06T03:24:33","date_gmt":"2026-05-06T03:24:33","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/46776\/"},"modified":"2026-05-06T03:24:33","modified_gmt":"2026-05-06T03:24:33","slug":"%e5%a4%a7%e8%8f%af%e9%8a%80%e8%a1%8c%e7%b6%93%e6%bf%9f%e5%b8%ab%ef%bc%9a%e8%8f%b2%e5%be%8b%e8%b3%93%e9%80%9a%e8%84%b9%e5%89%b537%e5%80%8b%e6%9c%88%e6%96%b0%e9%ab%98%ef%bc%8c%e4%bf%83%e4%bd%bf%e8%8f%b2","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/46776\/","title":{"rendered":"\u5927\u83ef\u9280\u884c\u7d93\u6fdf\u5e2b\uff1a\u83f2\u5f8b\u8cd3\u901a\u8139\u527537\u500b\u6708\u65b0\u9ad8\uff0c\u4fc3\u4f7f\u83f2\u592e\u884c\u7acb\u5834\u8f49\u9df9\u4e26\u4e0a\u8abf2026\u5e74\u9810\u6e2c"},"content":{"rendered":"

\u83f2\u5f8b\u8cd3\u901a\u8139\u5347\u81f337\u500b\u6708\u65b0\u9ad8\uff0c\u4fc3\u4f7f\u5927\u83ef\u9280\u884c\uff08UOB\uff09\u628a2026\u5e74\u901a\u8139\u9810\u6e2c\u75315.5%\u4e0a\u8abf\u81f37.5%\u3002\u83f2\u5f8b\u8cd3\u4e2d\u592e\u9280\u884c\uff08BSP\uff09\u4f30\u8a08\u70ba6.3%\u3002\u76f8\u6bd42025\u5e74\u901a\u8139\u50c51.7%\uff0c7.5%\u5c07\u662f\u81ea2008\u5e74\u4ee5\u4f86\u6700\u9ad8\u7684\u5168\u5e74\u901a\u8139\u7387\u3002<\/p>\n

UOB\u9810\u671f\u83f2\u5f8b\u8cd3\u4e2d\u592e\u9280\u884c\u5c07\u518d\u52a0\u606f\u5169\u6b21\uff0c\u6bcf\u6b2125\u500b\u57fa\u9ede\uff08bps\uff0c\u57fa\u9ede\uff0c\u53730.01\u500b\u767e\u5206\u9ede\uff1b25\u500b\u57fa\u9ede\u7b49\u65bc0.25\u5398\uff09\uff0c\u4e00\u6b21\u57286\u6708\uff0c\u53e6\u4e00\u6b21\u57282026\u5e74\u7b2c\u4e09\u5b63\uff083Q26\uff09\u3002\u5c46\u6642\u9006\u56de\u8cfc\u5229\u7387\uff08RRP\uff0c\u9280\u884c\u628a\u8cc7\u91d1\u501f\u7d66\u592e\u884c\u7684\u77ed\u671f\u653f\u7b56\u5229\u7387\uff09\u5c07\u5347\u81f35.00%\uff0c\u4e26\u7dad\u6301\u81f32026\u5e74\u5e95\u3002<\/p>\n

Inflation Risks And Market Impact<\/h3>\n

\u98a8\u96aa\u5305\u62ec\uff1a\u4e2d\u6771\u5c40\u52e2\u5c0e\u81f4\u80fd\u6e90\u4f9b\u61c9\u53d7\u963b\u3001\u57fa\u6578\u6548\u61c9\uff08\u5373\u53bb\u5e74\u57fa\u6578\u8f03\u4f4e\u6703\u4ee4\u4eca\u5e74\u540c\u6bd4\u5347\u5e45\u770b\u4f86\u66f4\u5927\uff09\uff0c\u4ee5\u53ca\u83f2\u5f8b\u8cd3\u62ab\u7d22\u8f49\u5f31\u3002\u5728\u4e0a\u8ff0\u60c5\u6cc1\u4e0b\uff0c\u82e5\u885d\u7a81\u6301\u7e8c\uff0c\u901a\u8139\u5230\u5e74\u5e95\u53ef\u80fd\u5347\u8fd1\u6216\u9ad8\u65bc10%\u3002<\/p>\n

\u66f4\u65b0\u5f8c\u7684\u5229\u7387\u8def\u5f91\u8207BSP 4\u6708\u7684\u8ca8\u5e63\u653f\u7b56\u8072\u660e\u4e00\u81f4\uff0c\u5c6c\u5faa\u6578\u64da\u800c\u884c\u3001\u8f03\u5be9\u614e\u7684\u505a\u6cd5\u3002\u6587\u7ae0\u63d0\u5230\u5167\u5bb9\u5728AI\u5de5\u5177\u5354\u52a9\u4e0b\u64b0\u5beb\uff0c\u4e26\u7531\u7de8\u8f2f\u5be9\u95b1\u3002<\/p>\n

\u9451\u65bc2026\u5e74\u901a\u8139\u9810\u6e2c\u5927\u5e45\u4e0a\u8abf\u81f37.5%\uff0c\u5e02\u5834\u6216\u9700\u9810\u671fBSP\u53d6\u614b\u66f4\u504f\u5411\u52a0\u5feb\u6536\u7dca\u3002\u73fe\u6642\u4f30\u8a08\u518d\u52a0\u606f\u5169\u6b21\u3001\u6bcf\u6b2125\u500b\u57fa\u9ede\uff0c\u6216\u75316\u6708\u958b\u59cb\uff0c\u4ee4\u653f\u7b56\u5229\u7387\u5347\u81f35.00%\u3002\u7acb\u5834\u8f49\u8da8\u300c\u9df9\u6d3e\u300d\uff08\u5373\u50be\u5411\u52a0\u606f\u4ee5\u58d3\u6291\u901a\u8139\uff09\uff0c\u610f\u5473\u5f80\u5f8c\u4e00\u6bb5\u6642\u9593\u5229\u7387\u53ef\u80fd\u7dad\u6301\u8f03\u9ad8\u6c34\u5e73\u3002<\/p>\n

\u5c0d\u5916\u532f\u4ea4\u6613\u54e1\u800c\u8a00\uff0c\u83f2\u5f8b\u8cd3\u62ab\u7d22\u8d70\u52e2\u66f4\u8907\u96dc\u3002\u4e00\u822c\u800c\u8a00\uff0c\u9ad8\u5229\u7387\u6709\u5229\u8ca8\u5e63\uff0c\u4f46\u7f8e\u5143\u514c\u62ab\u7d22\uff08USD\/PHP\uff09\u8fd1\u65e5\u5347\u7a7f60.00\u6c34\u5e73\uff0c\u53cd\u6620\u901a\u8139\u58d3\u529b\u624d\u662f\u4e3b\u5c0e\u56e0\u7d20\u3002\u53ef\u8003\u616e\u4ee5\u671f\u6b0a\uff08options\uff0c\u5373\u652f\u4ed8\u6b0a\u5229\u91d1\u4ee5\u8cb7\u5165\/\u8ce3\u51fa\u532f\u7387\u7684\u6b0a\u5229\uff0c\u7528\u65bc\u6355\u6349\u6ce2\u52d5\u6216\u5c0d\u6c96\uff09\u90e8\u7f72\u9810\u671f\u6ce2\u52d5\uff0c\u56e0\u8ca8\u5e63\u4e00\u65b9\u9762\u53d7\u8f03\u9ad8\u5229\u5dee\u652f\u6301\uff0c\u53e6\u4e00\u65b9\u9762\u53c8\u53d7\u7269\u50f9\u5931\u63a7\u98a8\u96aa\u62d6\u7d2f\u3002<\/p>\n

Rates And FX Positioning<\/h3>\n

\u5229\u7387\u5e02\u5834\u65b9\u9762\uff0c\u8def\u5f91\u76f8\u5c0d\u6e05\u6670\uff0c\u6216\u6703\u51fa\u73fe\u653f\u5e9c\u50b5\u5238\u62cb\u552e\u3002\u83f2\u5f8b\u8cd310\u5e74\u671f\u570b\u50b5\u5b73\u606f\u7387\u5df2\u56e04\u6708\u610f\u5916\u5347\u81f37.1%\u7684\u901a\u8139\u6578\u64da\u800c\u6025\u5347\u81f37.8\u5398\u4ee5\u4e0a\uff0c\u82072025\u5e74\u5927\u90e8\u5206\u6642\u9593\u8f03\u5e73\u7a69\u7684\u5229\u7387\u74b0\u5883\u5f62\u6210\u5f37\u70c8\u5c0d\u6bd4\u3002\u53ef\u8003\u616e\u900f\u904e\u5229\u7387\u6389\u671f\uff08interest rate swaps\uff0c\u5373\u4ea4\u63db\u56fa\u5b9a\u5229\u7387\u8207\u6d6e\u52d5\u5229\u7387\u7684\u5408\u7d04\uff1b\u300c\u6536\u53d6\u6d6e\u606f\u300d\u5728\u52a0\u606f\u6642\u901a\u5e38\u8f03\u6709\u5229\uff09\uff0c\u6216\u76f4\u63a5\u6cbd\u7a7a\u50b5\u5238\u671f\u8ca8\uff08short bond futures\uff0c\u5373\u62bc\u6ce8\u50b5\u50f9\u4e0b\u8dcc\u3001\u5b73\u606f\u4e0a\u5347\uff09\u4ee5\u90e8\u7f72\u5b73\u606f\u4e0a\u884c\u3002<\/p>\n

\u4e3b\u8981\u63a8\u52d5\u56e0\u7d20\u4ecd\u662f\u5730\u7de3\u653f\u6cbb\u7dca\u5f35\uff0c\u4ee4\u5e03\u862d\u7279\u539f\u6cb9\uff08Brent crude\uff0c\u570b\u969b\u6cb9\u50f9\u57fa\u6e96\u4e4b\u4e00\uff09\u5347\u7a7f\u6bcf\u6876110\u7f8e\u5143\uff0c\u4e26\u76f4\u63a5\u63a8\u9ad8\u672c\u5730\u901a\u8139\u3002\u56de\u770b2025\u5e74\u901a\u8139\u5e73\u5747\u50c51.7%\uff0c\u73fe\u6642\u74b0\u5883\u5b8c\u5168\u9006\u8f49\uff0c\u4ee4\u5e02\u5834\u4e0d\u78ba\u5b9a\u6027\u4e0a\u5347\uff0c\u56e0\u6b64\u300c\u505a\u591a\u6ce2\u52d5\u5ea6\u300d\uff08long volatility\uff0c\u5373\u62bc\u6ce8\u50f9\u683c\u6ce2\u52d5\u52a0\u5927\uff09\u7684\u7b56\u7565\uff0c\u5c0d\u8207\u83f2\u5f8b\u8cd3\u76f8\u95dc\u7684\u8cc7\u7522\u53ef\u80fd\u66f4\u5177\u5438\u5f15\u529b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5927\u83ef\u9280\u884c\u6307\u83f2\u5f8b\u8cd3\u901a\u8139\u98c6\u81f337\u500b\u6708\u65b0\u9ad8\uff0c\u903c\u4f7f\u83f2\u592e\u884c\u8f49\u9df9\uff1b\u6599\u52a0\u606f\u98a8\u96aa\u5347\u6eab\uff0c\u4e26\u4e0a\u8abf2026\u5e74\u901a\u8139\u9810\u6e2c\uff0c\u5e02\u5834\u6ce2\u52d5\u6216\u518d\u64f4\u5927\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-46776","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\/46776","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=46776"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/46776\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=46776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=46776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=46776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}