{"id":47071,"date":"2026-05-08T19:09:54","date_gmt":"2026-05-08T19:09:54","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/47071\/"},"modified":"2026-05-08T19:09:54","modified_gmt":"2026-05-08T19:09:54","slug":"%e7%be%8e%e5%9c%8b%e4%b8%80%e5%b9%b4%e6%9c%9f%e9%80%9a%e8%84%b9%e9%a0%90%e6%9c%9f%e9%99%8d%e8%87%b34-5%ef%bc%8c%e5%b8%82%e5%a0%b4%e6%8a%bc%e6%b3%a8%e8%81%af%e5%84%b2%e5%b1%80%e5%8f%96%e6%85%8b","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/47071\/","title":{"rendered":"\u7f8e\u570b\u4e00\u5e74\u671f\u901a\u8139\u9810\u671f\u964d\u81f34.5%\uff0c\u5e02\u5834\u62bc\u6ce8\u806f\u5132\u5c40\u53d6\u614b\u8f49\u9d3f"},"content":{"rendered":"<p>\u7f8e\u570b5\u6708\u4e00\u5e74\u671f\u6d88\u8cbb\u8005\u901a\u8139\u9810\u671f\u964d\u81f34.5%\uff0c\u524d\u503c\u70ba4.7%\u3002<\/p>\n<p>\u4eca\u6b21\u8b8a\u52d5\u8f03\u4e0a\u4e00\u500b\u6578\u5b57\u4e0b\u8dcc0.2\u500b\u767e\u5206\u9ede\u3002\u6578\u64da\u53cd\u6620\u672a\u4f8612\u500b\u6708\u7684\u9810\u671f\u3002<\/p>\n<h3>\u806f\u5132\u5c40\u8f49\u5411\u8a0a\u865f\u589e\u5f37<\/h3>\n<p>\u4e00\u5e74\u671f\u901a\u8139\u9810\u671f\u56de\u843d\u81f34.5%\uff0c\u53ef\u8996\u70ba\u660e\u78ba\u8a0a\u865f\uff1a\u7f8e\u570b\u806f\u90a6\u5132\u5099\u5c40\uff08Federal Reserve\uff0c\u7c21\u7a31\u300c\u806f\u5132\u5c40\u300d\uff09\u7684\u6fc0\u9032\u7dca\u7e2e\u7acb\u5834\u6216\u63a5\u8fd1\u5c3e\u8072\u3002\u6b64\u6578\u64da\u5c24\u5176\u91cd\u8981\uff0c\u56e0\u70ba4\u6708\u5b98\u65b9\u6d88\u8cbb\u7269\u50f9\u6307\u6578\uff08CPI\uff0c\u91cf\u5ea6\u5c45\u6c11\u8cfc\u8cb7\u4e00\u7c43\u5b50\u5546\u54c1\u53ca\u670d\u52d9\u50f9\u683c\u8b8a\u52d5\u7684\u901a\u8139\u6307\u6a19\uff09\u58313.6%\uff0c\u7565\u9ad8\u65bc\u5e02\u5834\u9810\u671f\uff0c\u986f\u793a\u6d88\u8cbb\u8005\u60c5\u7dd2\u53ef\u80fd\u5148\u65bc\u300c\u786c\u6578\u64da\u300d\uff08\u4f8b\u5982\u5b98\u65b9\u7d71\u8a08\u6578\u64da\uff09\u8f49\u5f31\u3002\u9019\u7a2e\u5206\u6b67\u6216\u4fc3\u4f7f\u4ea4\u6613\u54e1\u70ba\u66f4\u504f\u5411\u5bec\u9b06\uff08dovish\uff0c\u5373\u50be\u5411\u6e1b\u606f\u6216\u653e\u6162\u52a0\u606f\uff09\u7684\u592e\u884c\u53d6\u5411\u4f5c\u90e8\u7f72\u3002<\/p>\n<p>\u5728\u5229\u7387\u5e02\u5834\uff0c\u9019\u6216\u4ee4\u5e02\u5834\u91cd\u65b0\u8abf\u6574\uff08repricing\uff0c\u5373\u628a\u65b0\u8cc7\u8a0a\u53cd\u6620\u5230\u8cc7\u7522\u50f9\u683c\uff09\u5c0d\u806f\u5132\u5c40\u672a\u4f86\u884c\u52d5\u7684\u5b9a\u50f9\u3002\u5f9e\u806f\u90a6\u57fa\u91d1\u5229\u7387\u671f\u8ca8\uff08Fed Funds futures\uff0c\u7528\u65bc\u53cd\u6620\u5e02\u5834\u5c0d\u653f\u7b56\u5229\u7387\u8d70\u5411\u7684\u9810\u671f\uff09\u6240\u898b\uff0c\u5e02\u5834\u5c0d9\u6708\u6e1b\u606f\u7684\u6a5f\u6703\u7387\u5728\u65e9\u6bb5\u4ea4\u6613\u7531\u7d0425%\u5347\u81f3\u63a5\u8fd140%\u3002\u4ea4\u6613\u54e1\u53ef\u8003\u616e\u90e8\u7f72\u300c\u6536\u76ca\u7387\u66f2\u7dda\u8b8a\u5e73\u300d\uff08flattening yield curve\uff0c\u5373\u77ed\u671f\u5229\u7387\u9810\u671f\u4e0b\u8dcc\u5e45\u5ea6\u5feb\u65bc\u9577\u671f\u5229\u7387\uff0c\u4ee4\u9577\u77ed\u671f\u5229\u5dee\u6536\u7a84\uff09\u7684\u7b56\u7565\u3002<\/p>\n<p>\u81f3\u65bc\u80a1\u7968\u884d\u751f\u5de5\u5177\uff08equity derivatives\uff0c\u5373\u4ee5\u80a1\u7968\u6216\u80a1\u6307\u4f5c\u70ba\u76f8\u95dc\u8cc7\u7522\u7684\u5408\u7d04\uff0c\u5982\u671f\u6b0a\uff09\uff0c\u901a\u8139\u5c55\u671b\u8f49\u8edf\u5c6c\u5229\u597d\u50ac\u5316\u5291\uff0c\u7279\u5225\u6709\u5229\u5c0d\u5229\u7387\u654f\u611f\u7684\u79d1\u6280\u53ca\u589e\u9577\u677f\u584a\u3002\u9810\u671f\u96b1\u542b\u6ce2\u52d5\u7387\uff08implied volatility\uff0c\u5373\u671f\u6b0a\u50f9\u683c\u53cd\u6620\u7684\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u5e45\u9810\u671f\uff09\u6709\u6a5f\u6703\u56de\u843d\uff1bVIX\uff08\u6ce2\u52d5\u7387\u6307\u6578\uff0c\u5e38\u88ab\u8996\u70ba\u5e02\u5834\u6050\u614c\u6307\u6a19\uff09\u73fe\u6642\u7d04\u572815\u9644\u8fd1\uff0c\u96a8\u5229\u7387\u4e0d\u78ba\u5b9a\u6027\u4e0b\u964d\uff0c\u6216\u9010\u6b65\u4e0b\u79fb\u3002\u53ef\u7559\u610f\u90e8\u7f72\u7d0d\u65af\u9054\u514b100\u6307\u6578\uff08Nasdaq 100\uff0cNDX\uff09\u7684\u8cb7\u5165\u8a8d\u8cfc\u671f\u6b0a\uff08call options\uff0c\u5373\u770b\u5347\u671f\u6b0a\uff09\uff0c\u6216\u5728\u8f03\u5ee3\u6cdb\u7684\u6307\u6578\u4e0a\u8ce3\u51fa\u8a8d\u6cbd\u671f\u6b0a\uff08selling puts\uff0c\u5373\u6536\u53d6\u6b0a\u5229\u91d1\u3001\u627f\u64d4\u4e0b\u8dcc\u98a8\u96aa\u7684\u7b56\u7565\uff09\u3002<\/p>\n<p>\u7f8e\u5143\u6216\u56e0\u6d88\u606f\u800c\u8f49\u5f31\uff0c\u56e0\u5e02\u5834\u6216\u8a8d\u70ba\u806f\u5132\u5c40\u7acb\u5834\u8f03\u6b50\u6d32\u4e2d\u592e\u9280\u884c\uff08European Central Bank\uff0cECB\uff0c\u6b50\u592e\u884c\uff09\u66f4\u504f\u5bec\u9b06\u3002\u9019\u6216\u70ba\u5916\u532f\u671f\u6b0a\uff08currency options\uff0c\u5373\u4ee5\u532f\u7387\u70ba\u76f8\u95dc\u8cc7\u7522\u7684\u671f\u6b0a\uff09\u63d0\u4f9b\u6a5f\u6703\uff0c\u8f03\u6709\u5229\u65bc\u62bc\u6ce8\u6b50\u5143\u514c\u7f8e\u5143\uff08EUR\/USD\uff09\u4e0a\u5347\u7684\u4ea4\u6613\u3002\u9700\u7559\u610f\u8a72\u8ca8\u5e63\u5c0d\u6216\u518d\u5ea6\u6e2c\u8a66\u4e0a\u5b63\u672a\u80fd\u7a81\u7834\u7684\u963b\u529b\u4f4d\uff08resistance\uff0c\u5373\u50f9\u683c\u5411\u4e0a\u5e38\u9047\u5230\u6cbd\u58d3\u7684\u4f4d\u7f6e\uff09\u3002<\/p>\n<p>\u9019\u500b\u74b0\u5883\u82072025\u5e74\u5927\u90e8\u5206\u6642\u9593\u7684\u60c5\u6cc1\u6709\u660e\u986f\u5dee\u7570\u3002\u56de\u9867\u7576\u6642\uff0c\u5e02\u5834\u6558\u4e8b\u4e3b\u8981\u7531\u9811\u56fa\u7684\u670d\u52d9\u696d\u901a\u8139\uff0c\u4ee5\u53ca\u300c\u9ad8\u606f\u7dad\u6301\u66f4\u9577\u6642\u9593\u300d\uff08higher for longer\uff0c\u5373\u653f\u7b56\u5229\u7387\u9577\u6642\u9593\u7dad\u6301\u5728\u9ad8\u4f4d\uff09\u7684\u5229\u7387\u653f\u7b56\u4e3b\u5c0e\u3002\u6700\u65b0\u6578\u64da\u986f\u793a\uff0c\u6d88\u8cbb\u8005\u5fc3\u7406\u6216\u6b63\u5728\u8f49\u8b8a\uff0c\u4f5c\u70ba\u9818\u5148\u6307\u6a19\uff08leading indicator\uff0c\u5373\u901a\u5e38\u65e9\u65bc\u7d93\u6fdf\u6216\u901a\u8139\u6b63\u5f0f\u6578\u64da\u8f49\u5411\u7684\u8a0a\u865f\uff09\uff0c\u806f\u5132\u5c40\u96e3\u4ee5\u5ffd\u8996\u3002<\/p>\n<h3>What It Means For Positioning<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u570b\u4e00\u5e74\u671f\u901a\u8139\u9810\u671f\u56de\u843d\u81f34.5%\uff0c\u964d\u6eab\u8de1\u8c61\u91cd\u73fe\uff1b\u5e02\u5834\u5373\u6642\u52a0\u6ce8\u806f\u5132\u5c40\u6216\u8f49\u9d3f\uff0c\u5229\u7387\u524d\u666f\u7591\u8b8a\u5929\uff0c\u7f8e\u5143\u8207\u7f8e\u50b5\u8d70\u52e2\u6216\u8fce\u95dc\u9375\u62d0\u9ede\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-47071","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\/47071","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=47071"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/47071\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=47071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=47071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=47071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}