{"id":47068,"date":"2026-05-08T18:14:15","date_gmt":"2026-05-08T18:14:15","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/47068\/"},"modified":"2026-05-08T18:14:15","modified_gmt":"2026-05-08T18:14:15","slug":"%e5%af%86%e6%ad%87%e6%a0%b9%e5%a4%a7%e5%ad%b8%e6%b6%88%e8%b2%bb%e8%80%85%e4%bf%a1%e5%bf%83%e9%81%9c%e9%a0%90%e6%9c%9f%ef%bc%8c%e5%b8%82%e5%a0%b4%e5%82%99%e6%88%b0%e6%b3%a2%e5%8b%95%ef%bc%8c%e5%88%ba","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/47068\/","title":{"rendered":"\u5bc6\u6b47\u6839\u5927\u5b78\u6d88\u8cbb\u8005\u4fe1\u5fc3\u905c\u9810\u671f\uff0c\u5e02\u5834\u5099\u6230\u6ce2\u52d5\uff0c\u523a\u6fc0\u4e0b\u884c\u5c0d\u6c96\u9700\u6c42"},"content":{"rendered":"<p>\u7f8e\u570b\u5bc6\u6b47\u6839\u5927\u5b78\u6d88\u8cbb\u8005\u4fe1\u5fc3\u6307\u6578\uff08\u53cd\u6620\u5bb6\u5ead\u5c0d\u7d93\u6fdf\u524d\u666f\u8207\u6d88\u8cbb\u610f\u6b32\u7684\u8abf\u67e5\u6307\u6a19\uff095\u6708\u4f4e\u65bc\u5e02\u5834\u9810\u6e2c\uff0c\u9810\u6e2c\u70ba49.5\u3002<\/p>\n<p>\u5be6\u969b\u8b80\u6578\u70ba48.2\uff0c\u8f03\u5e02\u5834\u9810\u671f\u768449.5\u70ba\u4f4e\u3002<\/p>\n<h3>\u6d88\u8cbb\u8005\u4fe1\u5fc3\u53cd\u6620\u98a8\u96aa\u4e0a\u5347<\/h3>\n<p>5\u6708\u6d88\u8cbb\u8005\u4fe1\u5fc3\u53ea\u670948.2\uff0c\u4f4e\u65bc\u504f\u60b2\u89c0\u7684\u9810\u6e2c\uff0c\u5c6c\u504f\u5f31\u8a0a\u865f\u3002\u9019\u901a\u5e38\u610f\u5473\u7d93\u6fdf\u8f49\u5f31\u98a8\u96aa\u4e0a\u5347\uff0c\u56e0\u70ba\u6d88\u8cbb\u8005\u60c5\u7dd2\u5dee\u5f80\u5f80\u6703\u6e1b\u5c11\u958b\u652f\uff0c\u62d6\u7d2f\u6574\u9ad4\u9700\u6c42\u3002\u672a\u4f86\u6578\u5468\uff0c\u5e02\u5834\u6ce2\u52d5\uff08\u8cc7\u7522\u50f9\u683c\u4e0a\u843d\u5e45\u5ea6\uff09\u53ef\u80fd\u4e0a\u5347\u3002<\/p>\n<p>\u6578\u64da\u986f\u793a\u53ef\u8003\u616e\u70ba\u5927\u5e02\u8cb7\u5165\u4e0b\u8dcc\u5c0d\u6c96\uff08\u5728\u5e02\u5834\u4e0b\u8dcc\u6642\u63d0\u4f9b\u4fdd\u8b77\u7684\u90e8\u7f72\uff09\uff0c\u4f8b\u5982\u589e\u52a0\u8cb7\u5165\u8a8d\u6cbd\u671f\u6b0a\uff08Put option\uff1a\u4e00\u7a2e\u671f\u6b0a\u5408\u7d04\uff0c\u6301\u6709\u4eba\u53ef\u5728\u5230\u671f\u524d\/\u5230\u671f\u65e5\u6309\u6307\u5b9a\u50f9\u683c\u8ce3\u51fa\u8cc7\u7522\uff0c\u5e38\u7528\u4f5c\u4e0b\u8dcc\u4fdd\u8b77\uff09\u5728\u5ee3\u6cdb\u6307\u6578\u76f8\u95dc\u7522\u54c1\u4e0a\u3002\u6211\u5011\u63d0\u9ad8SPY\u53caQQQ\u7684\u8a8d\u6cbd\u671f\u6b0a\u6bd4\u91cd\uff1bSPY\u662f\u8ffd\u8e64\u6a19\u666e500\u6307\u6578\u7684\u4ea4\u6613\u6240\u8cb7\u8ce3\u57fa\u91d1\uff08ETF\uff1a\u5728\u4ea4\u6613\u6240\u8cb7\u8ce3\u3001\u7528\u4f86\u8ffd\u8e64\u6307\u6578\u6216\u8cc7\u7522\u7d44\u5408\u7684\u57fa\u91d1\uff09\uff0cQQQ\u5247\u8ffd\u8e64\u7d0d\u65af\u9054\u514b100\u6307\u6578\u3002\u6d88\u8cbb\u8f49\u5f31\u6703\u5f71\u97ff\u4f01\u696d\u6536\u5165\u8207\u76c8\u5229\u3002<\/p>\n<p>\u6b77\u53f2\u4e0a\uff0c\u7576\u4fe1\u5fc3\u6307\u6578\u8dcc\u783450\uff08\u4f8b\u59822022\u5e74\u591a\u6b21\u51fa\u73fe\uff09\uff0cVIX\u6ce2\u52d5\u6307\u6578\uff08\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u52d5\u7684\u96b1\u542b\u9810\u671f\uff0c\u5e38\u88ab\u7a31\u70ba\u300c\u6050\u614c\u6307\u6578\u300d\uff09\u5f80\u5f80\u5347\u7a7f30\uff0c\u4f7fVIX\u8a8d\u8cfc\u671f\u6b0a\uff08Call option\uff1a\u4e00\u7a2e\u671f\u6b0a\u5408\u7d04\uff0c\u6301\u6709\u4eba\u53ef\u5728\u5230\u671f\u524d\/\u5230\u671f\u65e5\u6309\u6307\u5b9a\u50f9\u683c\u8cb7\u5165\u8cc7\u7522\uff0c\u53ef\u7528\u4f5c\u5c0d\u6c96\u6ce2\u52d5\u4e0a\u5347\uff09\u5177\u4e00\u5b9a\u5c0d\u6c96\u50f9\u503c\u3002<\/p>\n<p>\u4ea6\u53ef\u7559\u610f\u5c0d\u60c5\u7dd2\u66f4\u654f\u611f\u7684\u677f\u584a\u3002\u53ef\u8003\u616e\u5728\u975e\u5fc5\u9700\u6d88\u8cbb\uff08\u6d88\u8cbb\u8005\u53ef\u9078\u6d88\u8cbb\uff09\u80a1\u7968\u5efa\u7acb\u6cbd\u7a7a\u90e8\u7f72\uff08\u770b\u8dcc\u6216\u501f\u8ca8\u6cbd\u51fa\uff0c\u7b49\u5f85\u50f9\u683c\u56de\u843d\uff09\uff0c\u4f8b\u5982\u900f\u904eXLY\u76f8\u95dcETF\u7684\u8a8d\u6cbd\u671f\u6b0a\u3002XLY\u8ffd\u8e64\u4f9d\u8cf4\u975e\u5fc5\u8981\u958b\u652f\u7684\u4f01\u696d\u3002\u76f8\u53cd\uff0c\u5fc5\u9700\u6d88\u8cbb\uff08\u9632\u5b88\u6027\u6d88\u8cbb\uff09\u677f\u584a\u5728\u6b64\u74b0\u5883\u901a\u5e38\u8f03\u5177\u97cc\u6027\uff1bXLP\u70ba\u8ffd\u8e64\u65e5\u5e38\u5fc5\u9700\u54c1\u76f8\u95dc\u516c\u53f8\u7684ETF\u3002<\/p>\n<p>\u9019\u985e\u504f\u5f31\u4fe1\u865f\u4ea6\u53ef\u80fd\u5f71\u97ff\u806f\u5132\u5c40\u5229\u7387\u90e8\u7f72\u3002\u82e5\u7d93\u6fdf\u653e\u6162\u52a0\u5287\uff0c\u806f\u5132\u5c40\u6216\u66f4\u50be\u5411\u66ab\u505c\u52a0\u606f\u6216\u6536\u7dca\u6b65\u4f10\uff08tightening cycle\uff1a\u900f\u904e\u52a0\u606f\u6216\u7e2e\u6e1b\u8cc7\u7522\u8ca0\u50b5\u8868\u6536\u7dca\u91d1\u878d\u689d\u4ef6\uff09\u3002\u56e0\u6b64\uff0c\u53ef\u7559\u610f\u9577\u5e74\u671f\u7f8e\u50b5ETF\u5982TLT\u7684\u8a8d\u8cfc\u671f\u6b0a\u6a5f\u6703\uff1bTLT\u8ffd\u8e64\u8f03\u9577\u5e74\u671f\u7f8e\u570b\u570b\u50b5\uff0c\u82e5\u5b73\u606f\u7387\uff08\u50b5\u5238\u56de\u5831\u7387\uff09\u56e0\u8870\u9000\u6182\u616e\u800c\u4e0b\u8dcc\uff0c\u50b5\u50f9\u4e00\u822c\u4e0a\u5347\uff0c\u76f8\u95dcETF\u6216\u53d7\u60e0\u3002<\/p>\n<h3>\u5229\u7387\u3001\u7f8e\u5143\u8207\u6ce2\u52d5\u7684\u90e8\u7f72<\/h3>\n<p>\u82e5\u806f\u5132\u5c40\u7acb\u5834\u8f49\u5411\uff0c\u52a0\u4e0a\u7f8e\u570b\u7d93\u6fdf\u653e\u6162\uff0c\u7f8e\u5143\u6216\u53d7\u58d3\u3002\u53ef\u7559\u610f\u7f8e\u5143\u6307\u6578DXY\uff08\u8861\u91cf\u7f8e\u5143\u514c\u4e00\u7c43\u5b50\u4e3b\u8981\u8ca8\u5e63\u7684\u6307\u6a19\uff09\u8d70\u52e2\u3002\u82e5\u8dcc\u7a7f\u8fd1\u671f\u652f\u6301\u4f4d\uff08\u50f9\u683c\u5e38\u898b\u8cb7\u76e4\u627f\u63a5\u7684\u6c34\u5e73\uff09\uff0c\u6216\u53ef\u8996\u70ba\u5efa\u7acb\u770b\u6de1\u7f8e\u5143\u90e8\u7f72\u7684\u8a0a\u865f\uff0c\u4f8b\u5982\u6301\u6709\u6b50\u5143\u6216\u65e5\u5713\u7684\u5009\u4f4d\u4ee5\u53d7\u60e0\u7f8e\u5143\u8f49\u5f31\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5bc6\u6b47\u6839\u5927\u5b78\u6d88\u8cbb\u8005\u4fe1\u5fc3\u905c\u9810\u671f\uff0c\u5e02\u5834\u6182\u7d93\u6fdf\u964d\u6eab\uff0c\u8cc7\u91d1\u6025\u8f49\u4fdd\u5b88\uff0c\u6ce2\u52d5\u6216\u5347\u6eab\u3002\u6295\u8cc7\u8005\u52a0\u78bc\u671f\u6b0a\u53ca\u50b5\u5238\u907f\u96aa\uff0c\u4e0b\u884c\u5c0d\u6c96\u9700\u6c42\u98c6\u5347\uff0c\u98a8\u96aa\u8cc7\u7522\u627f\u58d3\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-47068","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\/47068","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=47068"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/47068\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=47068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=47068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=47068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}