{"id":52936,"date":"2026-08-03T15:37:42","date_gmt":"2026-08-03T15:37:42","guid":{"rendered":"https:\/\/www.vtmarkets.com\/zh\/uncategorized\/52936\/"},"modified":"2026-08-03T15:37:42","modified_gmt":"2026-08-03T15:37:42","slug":"%e6%97%a5%e6%9c%ac%e5%a4%ae%e8%a1%8c%e8%88%87%e8%81%af%e5%84%b2%e5%b1%80%e6%94%bf%e7%ad%96%e4%b8%8d%e6%98%8e%e6%9c%97%e6%8e%a8%e5%8d%87%e7%be%8e%e5%85%83%e5%85%8c%e6%97%a5%e5%9c%93%e5%b9%b2%e9%a0%90","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh\/live-updates\/52936\/","title":{"rendered":"\u65e5\u672c\u592e\u884c\u8207\u806f\u5132\u5c40\u653f\u7b56\u4e0d\u660e\u6717\u63a8\u5347\u7f8e\u5143\u514c\u65e5\u5713\u5e72\u9810\u722d\u8b70\u3000\u65e5\u672c\u524a\u6e1b\u7f8e\u570b\u570b\u50b5\u6301\u5009"},"content":{"rendered":"

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\u5e02\u5834\u4ea6\u95dc\u6ce8\u65e5\u672c\u4f5c\u70ba\u7f8e\u570b\u570b\u50b5\uff08US Treasuries\uff09\u4e3b\u8981\u6301\u6709\u4eba\u4e4b\u4e00\u7684\u89d2\u8272\uff0c\u4ee5\u53ca\u4e00\u65e6\u6e1b\u6301\u53ef\u80fd\u5e36\u4f86\u7684\u5f8c\u679c\u3002\u65e5\u672c\u73fe\u6301\u67091.143\u842c\u5104\u7f8e\u5143\uff0c\u8f034\u6708\u76841.209\u842c\u5104\u7f8e\u5143\u4e0b\u964d\uff0c\u4e26\u88ab\u5f62\u5bb9\u70ba\u81ea2025\u5e744\u6708\u4ee5\u4f86\u6700\u4f4e\uff0c\u56e0\u800c\u5f15\u767c\u300c\u8ab0\u80fd\u4ee5\u5982\u6b64\u898f\u6a21\u5438\u7d0d\u4f9b\u61c9\u300d\u7684\u7591\u554f\u3002\u53e6\u65b9\u9762\uff0c\u7f8e\u570b\u7d93\u5e38\u8cec\u8d64\u5b57\u88ab\u5f62\u5bb9\u70ba\u6bcf\u5e74\u63a5\u8fd11\u842c\u5104\u7f8e\u5143\uff0c\u5f37\u5316\u4e86\u5c0d\u6d77\u5916\u8cc7\u91d1\u56de\u6d41\u914d\u7f6e\u65bc\u50b5\u5238\u3001\u80a1\u7968\u3001\u76f4\u63a5\u6295\u8cc7\uff08FDI\uff09\u8207\u7269\u696d\u7684\u4f9d\u8cf4\uff1b\u82e5\u7f8e\u50b5\u9700\u6c42\u8f49\u5f31\uff0c\u5c07\u9700\u8981\u66f4\u9ad8\u6536\u76ca\u7387\u4ee5\u5438\u5f15\u8cb7\u76e4\u3002\u300a\u7d93\u6fdf\u5b78\u4eba\u300b\u6700\u65b0\u300c\u5de8\u7121\u9738\u6307\u6578\u300d\u66f4\u65b0\u4ea6\u88ab\u5f15\u7528\uff0c\u6307\u7f8e\u5143\u6574\u9ad4\u504f\u8cb4\uff0c\u800c\u6ce2\u862d\u8ca8\u5e63\u88ab\u5f62\u5bb9\u70ba\u4f30\u503c\u5408\u7406\u3002<\/p>\n

Impacts On Bond Yields And Derivative Trading Strategies<\/h3>\n

\u6211\u5011\u5fc5\u9808\u70ba\u50b5\u5238\u53ca\u5916\u532f\u884d\u751f\u54c1\u7684\u6ce2\u52d5\u52a0\u5287\u4f5c\u6e96\u5099\uff0c\u56e0\u70ba\u65e5\u672c\u592e\u884c\u5728\u901a\u8139\u6182\u616e\u8207\u653f\u6cbb\u58d3\u529b\u4e4b\u9593\u96e3\u4ee5\u5e73\u8861\u3002\u82e5\u65e5\u672c\u7e7c\u7e8c\u7e2e\u6e1b\u7f8e\u50b5\u6301\u5009\uff08\u8fd1\u671f\u66fe\u56de\u843d\u81f3\u7d041.1\u842c\u5104\u7f8e\u5143\u6c34\u5e73\uff09\uff0c\u6211\u5011\u9810\u671f\u7f8e\u570b10\u5e74\u671f\u570b\u50b5\u5b73\u606f\u7387\u5c07\u518d\u5ea6\u63a8\u5347\u81f34.25\u5398\u4ee5\u4e0a\u3002\u884d\u751f\u54c1\u4ea4\u6613\u8005\u53ef\u8003\u616e\u900f\u904e\u8cb7\u5165\u9577\u5e74\u671f\u7f8e\u50b5\u671f\u8ca8\u7684\u8a8d\u6cbd\u671f\u6b0a\uff08put options\uff09\uff0c\u90e8\u7f72\u5b73\u606f\u7387\u4e0a\u884c\u6240\u5e36\u4f86\u7684\u50f9\u683c\u4e0b\u8dcc\u58d3\u529b\u3002<\/p>\n

\u5118\u7ba1\u5e02\u5834\u6301\u7e8c\u50b3\u51fa\u5e72\u9810\u63e3\u6e2c\uff0c\u76f8\u5c0d\u606f\u5dee\u4ecd\u5c07\u4e3b\u5c0e\u7f8e\u5143\u514c\u65e5\u5713\u7684\u8d70\u5411\u3002\u6211\u5011\u5efa\u8b70\u904b\u7528\u6572\u51fa\u671f\u6b0a\uff08knock-out options\uff09\u6216\u8f03\u5bec\u8de8\u5f0f\u7b56\u7565\uff08wide strangle\uff09\uff0c\u4ee5\u6355\u6349\u5e72\u9810\u6d88\u606f\u9a45\u52d5\u7684\u6025\u5287\u6ce2\u52d5\uff0c\u540c\u6642\u907f\u514d\u56e0\u7a81\u7136\u53cd\u8f49\u800c\u88ab\u300c\u6383\u8d70\u300d\u3002\u6b77\u53f2\u4e0a\uff0c\u55ae\u908a\u5e72\u9810\u9bae\u6709\u626d\u8f49\u9577\u671f\u7d50\u69cb\u6027\u8da8\u52e2\uff0c\u56e0\u6b64\u7f8e\u5143\u514c\u65e5\u5713\uff08USD\/JPY\uff09\u963b\u529b\u6700\u5c0f\u7684\u65b9\u5411\u4ecd\u504f\u5411\u4e0a\u884c\u3002<\/p>\n

Dollar Valuation, Fed Policy, And Volatility Trades<\/h3>\n

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\u5373\u4f7f\u6309\u73fe\u6642\u8cfc\u8cb7\u529b\u6307\u6a19\uff0c\u7f8e\u5143\u514c\u591a\u500b\u4e3b\u8981\u8ca8\u5e63\u7684\u57fa\u672c\u9762\u4f30\u503c\u504f\u9ad8\u8fd110%\u81f315%\uff0c\u4f46\u606f\u5dee\u4ecd\u7136\u5229\u597d\u7f8e\u5143\u3002\u6211\u5011\u4e0d\u5efa\u8b70\u73fe\u968e\u6bb5\u5728\u5373\u671f\u5e02\u5834\u76f4\u63a5\u6cbd\u7a7a\u7f8e\u5143\u3002\u76f8\u53cd\uff0c\u53ef\u904b\u7528\u9577\u5e74\u671f\u7f8e\u5143\u8a8d\u8cfc\u671f\u6b0a\uff08long-dated dollar call options\uff09\uff0c\u6355\u6349\u7531\u606f\u5dee\u63a8\u52d5\u7684\u62bd\u5347\uff0c\u540c\u6642\u56b4\u683c\u9650\u5236\u4e0b\u884c\u98a8\u96aa\u3002<\/p>\n

\u79d1\u6280\u53ca\u4eba\u5de5\u667a\u80fd\uff08AI\uff09\u9818\u57df\u7684\u5f37\u52c1\u8cc7\u672c\u958b\u652f\uff0c\u6b63\u652f\u6490\u7f8e\u570b\u6574\u9ad4\u7d93\u6fdf\u907f\u514d\u9677\u5165\u8870\u9000\u3002\u6211\u5011\u53ef\u8003\u616e\u8cb7\u5165\u6ce2\u52d5\u7387\u6307\u6578\uff08VIX\uff09\u8a8d\u8cfc\u671f\u6b0a\uff0c\u56e0\u79d1\u6280\u91cd\u6295\u8cc7\u8207\u6574\u9ad4\u8ca8\u5e63\u653f\u7b56\u4e0d\u78ba\u5b9a\u6027\u4e92\u76f8\u62c9\u626f\uff0c\u5bb9\u6613\u89f8\u767c\u6ce2\u52d5\u4e0a\u5347\u3002\u8a72\u7b56\u7565\u53ef\u5728\u672a\u4f86\u6578\u5468\u80a1\u5e02\u51fa\u73fe\u7a81\u767c\u3001\u7531\u60c5\u7dd2\u4e3b\u5c0e\u7684\u8abf\u6574\u6642\uff0c\u70ba\u6295\u8cc7\u7d44\u5408\u63d0\u4f9b\u4fdd\u8b77\u3002<\/p>\n\n\n\n

\u7acb\u5373\u958b\u59cb\u4ea4\u6613 \u2014 \u9ede\u64ca\u6b64\u8655<\/a>\u958b\u8a2d\u60a8\u7684 VT Markets \u771f\u5be6\u8cec\u6236\u3002<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

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