{"id":51617,"date":"2026-07-09T18:29:42","date_gmt":"2026-07-09T18:29:42","guid":{"rendered":"https:\/\/www.vtmarkets.com\/zh\/uncategorized\/51617\/"},"modified":"2026-07-09T18:29:42","modified_gmt":"2026-07-09T18:29:42","slug":"%e6%96%b0%e5%8a%a0%e5%9d%a1%e5%85%83%e7%9f%ad%e7%ab%af%e5%88%a9%e7%8e%87%e6%96%99%e5%8f%97%e4%b8%8a%e8%a1%8c%e5%a3%93%e5%8a%9b%e3%80%80%e7%be%8e%e5%85%83%e5%85%8c%e6%96%b0%e5%85%83%e6%81%af%e5%b7%ae","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/51617\/","title":{"rendered":"\u65b0\u52a0\u5761\u5143\u77ed\u7aef\u5229\u7387\u6599\u53d7\u4e0a\u884c\u58d3\u529b\u3000\u7f8e\u5143\u514c\u65b0\u5143\u606f\u5dee\u64f4\u95ca\u3000\u91d1\u7ba1\u5c40\u52d5\u5411\u6210\u7126\u9ede"},"content":{"rendered":"<p>\u5373\u4f7f\u5728\u6d41\u52d5\u6027\u5145\u88d5\u4e00\u6bb5\u6642\u9593\u4e4b\u5f8c\uff0c\u8f03\u77ed\u5e74\u671f\u7684\u65b0\u52a0\u5761\u5143\u5229\u7387\u4ea6\u53ef\u80fd\u9762\u81e8\u4e0a\u884c\u58d3\u529b\u3002\u904e\u53bb\u516d\u500b\u5b63\u5ea6\uff0c\u96a8\u7740\u5e02\u5834\u7fd2\u6163\u65bc\u5bec\u9b06\u7684\u65b0\u52a0\u5761\u5143\u878d\u8cc7\u74b0\u5883\u4ee5\u53ca\u7f8e\u5143\u8d70\u5f31\u7684\u9810\u671f\uff0cSGD \u524d\u7aef\u5229\u7387\u5b9a\u50f9\u4e00\u76f4\u504f\u4f4e\u3002\u8fd1\u671f\uff0cSGD \u5229\u7387\u8207\u7f8e\u5143\u5229\u7387\u8d70\u52e2\u51fa\u73fe\u5206\u6b67\uff0c\u4ee4\u5169\u8005\u606f\u5dee\u9032\u4e00\u6b65\u64f4\u95ca\u3002<\/p>\n<p>\u518d\u5b9a\u50f9\u98a8\u96aa\u8207\u4e09\u9805\u56e0\u7d20\u76f8\u95dc\u3002\u5118\u7ba1\u6cb9\u50f9\u56de\u843d\uff0c\u5e02\u5834\u5c0d\u7f8e\u806f\u5132\u52a0\u606f\u7684\u9810\u671f\u4ecd\u7136\u50f5\u56fa\uff0c\u800c\u7f8e\u4f0a\u95dc\u4fc2\u518d\u5ea6\u7dca\u5f35\u4ea6\u5e36\u52d5\u6cb9\u50f9\u9694\u591c\u4e0a\u5347\u3002\u7f8e\u5143\u4ea6\u4fdd\u6301\u5f37\u52e2\uff0c\u539f\u56e0\u662f\u300c\u53bb\u7f8e\u5143\u5316\u300d\u6558\u4e8b\u964d\u6eab\uff1b\u82e5 USD\/SGD \u4e0a\u7834\u7d04 1.30\uff0c\u6216\u6703\u89f8\u767c\u5e02\u5834\u91cd\u65b0\u8a55\u4f30\u504f\u4f4e\u7684 SGD \u5229\u7387\u3002\u6b64\u5916\uff0c\u82e5\u65b0\u52a0\u5761\u91d1\u878d\u7ba1\u7406\u5c40\uff08MAS\uff09\u5728 7 \u6708\u672a\u6709\u628a SGD NEER \u7684\u659c\u7387\u91cd\u65b0\u8abf\u9ad8\uff08re-steepen\uff09\uff0c\u5c07\u79fb\u9664\u4e00\u9805\u672c\u53ef\u4ee4 SGD \u5229\u7387\u76f8\u5c0d\u504f\u4f4e\u7684\u56e0\u7d20\u3002<\/p>\n<h3>Widening USD-SGD Spread and Rate Repricing Risks<\/h3>\n<p>\u6211\u5011\u5c0d\u77ed\u5e74\u671f\u65b0\u52a0\u5761\u5143\u5229\u7387\u7684\u4e0a\u884c\u58d3\u529b\u4fdd\u6301\u5be9\u614e\uff0c\u56e0\u5176\u5df2\u8207\u4e0a\u5347\u4e2d\u7684\u7f8e\u5143\u5229\u7387\u812b\u920e\u3002\u6839\u64da 2026 \u5e74 7 \u6708 8 \u65e5\u7684\u6700\u65b0\u6578\u64da\uff0c3 \u500b\u6708\u7f8e\u5143 SOFR \u70ba 5.65%\uff0c\u800c 3 \u500b\u6708\u8907\u5229\uff08compounded\uff09SORA \u70ba 3.60%\uff0c\u5169\u8005\u5dee\u8ddd\u5df2\u64f4\u95ca\u81f3\u903e 200 \u500b\u57fa\u9ede\u3002\u6b64\u606f\u5dee\u8655\u65bc\u6b77\u53f2\u504f\u95ca\u6c34\u5e73\uff0c\u986f\u793a\u4ea4\u6613\u54e1\u61c9\u70ba SGD \u5229\u7387\u8ffd\u843d\u5f8c\u4f5c\u6e96\u5099\u3002<\/p>\n<p>\u5e02\u5834\u5c0d\u7f8e\u806f\u5132\u52a0\u606f\u7684\u9810\u671f\u4ecd\u7136\u7a69\u56fa\uff0c\u6301\u7e8c\u652f\u6301\u7f8e\u5143\u5f37\u52e2\u3002\u7e7c\u4e0a\u5468\u504f\u9df9\u7684 6 \u6708 FOMC \u6703\u8b70\u7d00\u8981\u5f8c\uff0c\u5e02\u5834\u5b9a\u50f9\u986f\u793a 2026 \u5e74 9 \u6708\u524d\u518d\u52a0\u606f\u4e00\u6b21\u7684\u6982\u7387\u5df2\u9054 85%\u3002\u5728\u6b64\u80cc\u666f\u4e0b\uff0c\u5c0d\u5168\u7403\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u6301\u6709\u6536\u76ca\u7387\u8f03\u4f4e\u7684 SGD \u8cc7\u7522\u6108\u4f86\u6108\u7f3a\u4e4f\u5438\u5f15\u529b\u3002<\/p>\n<h3>Currency Dynamics and MAS Policy Outlook<\/h3>\n<p>\u7f8e\u5143\u8d70\u5f37\u662f\u53e6\u4e00\u9805\u95dc\u9375\u56e0\u7d20\uff0c\u5c24\u5176\u662f USD\/SGD \u73fe\u5831 1.3580\uff0c\u660e\u986f\u9ad8\u65bc\u4eca\u5e74\u8f03\u65e9\u6642\u7684 1.30 \u6c34\u5e73\u3002\u7576\u8a72\u532f\u7387\u5728\u9ad8\u4f4d\u4f01\u7a69\uff0cSGD \u5229\u7387\u5411\u4e0a\u518d\u5b9a\u50f9\u7684\u58d3\u529b\u5c07\u589e\u52a0\u3002\u56e0\u6b64\uff0c\u6301\u6709\u884d\u751f\u5de5\u5177\u5009\u4f4d\u8005\u61c9\u907f\u514d\u904e\u5ea6\u505a\u7a7a SGD \u5229\u7387\u6ce2\u52d5\u7387\u3002<\/p>\n<p>\u6700\u5f8c\uff0c\u6211\u5011\u95dc\u6ce8 MAS \u5c07\u65bc 2026 \u5e74 7 \u6708 28 \u65e5\u8209\u884c\u7684\u653f\u7b56\u6703\u8b70\u3002\u6211\u5011\u8a8d\u70ba\uff0cMAS \u4e0d\u6703\u900f\u904e\u91cd\u65b0\u8abf\u9ad8\u659c\u7387\u4f86\u9032\u4e00\u6b65\u5f37\u5316\u532f\u7387\u5347\u503c\u8def\u5f91\u3002\u6b64\u300c\u6309\u5175\u4e0d\u52d5\u300d\u6216\u6703\u79fb\u9664\u652f\u6301 SGD \u5229\u7387\u7dad\u6301\u504f\u4f4e\u7684\u6838\u5fc3\u7406\u7531\uff0c\u4ee4\u5176\u66f4\u6613\u53d7\u5168\u7403\u56e0\u7d20\u63a8\u52d5\u800c\u4e0a\u8abf\u3002<\/p>\n\n\n\n<p><b>\u7acb\u5373\u958b\u59cb\u4ea4\u6613 \u2014 \u9ede\u64ca<a href=\"https:\/\/www.vtmarkets.com\/zh\/trade-now\/\">\u6b64\u8655<\/a>\u958b\u8a2d\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236\u3002<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"<p>\u6d41\u52d5\u6027\u518d\u591a\u4ea6\u96e3\u64cb\uff1aSGD\u524d\u7aef\u5229\u7387\u6216\u8ffd\u843d\u5f8c\u3002SOFR-SORA\u606f\u5dee\u903e200\u9ede\u5b50\u3001\u7f8e\u5143\u5f37\u52e2\u53caMAS\u6216\u4e0dre-steepen\uff0c\u89f8\u767c\u518d\u5b9a\u50f9\u98a8\u96aa\uff0c\u77ed\u606f\u4e0a\u884c\u58d3\u529b\u5347\u6eab\u3002<\/p>\n","protected":false},"author":87,"featured_media":50591,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-51617","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/51617","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=51617"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/51617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media\/50591"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=51617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=51617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=51617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}