{"id":30922,"date":"2026-03-10T11:51:02","date_gmt":"2026-03-10T11:51:02","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e5%be%b7%e5%9b%bd%e5%95%86%e4%b8%9a%e9%93%b6%e8%a1%8c%ef%bc%88commerzbank%ef%bc%89%e5%85%8b%e9%87%8c%e6%96%af%e6%89%98%e5%a4%ab%c2%b7%e9%87%8c%e6%a0%bc%e5%b0%94%ef%bc%88christoph-rieger%ef%bc%89\/"},"modified":"2026-03-10T11:51:02","modified_gmt":"2026-03-10T11:51:02","slug":"%e5%be%b7%e5%9b%bd%e5%95%86%e4%b8%9a%e9%93%b6%e8%a1%8c%ef%bc%88commerzbank%ef%bc%89%e5%85%8b%e9%87%8c%e6%96%af%e6%89%98%e5%a4%ab%c2%b7%e9%87%8c%e6%a0%bc%e5%b0%94%ef%bc%88christoph-rieger%ef%bc%89","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e5%be%b7%e5%9b%bd%e5%95%86%e4%b8%9a%e9%93%b6%e8%a1%8c%ef%bc%88commerzbank%ef%bc%89%e5%85%8b%e9%87%8c%e6%96%af%e6%89%98%e5%a4%ab%c2%b7%e9%87%8c%e6%a0%bc%e5%b0%94%ef%bc%88christoph-rieger%ef%bc%89\/","title":{"rendered":"\u5fb7\u56fd\u5546\u4e1a\u94f6\u884c\uff08Commerzbank\uff09\u514b\u91cc\u65af\u6258\u592b\u00b7\u91cc\u683c\u5c14\uff08Christoph Rieger\uff09\u79f0\uff0c\u5e02\u573a\u73b0\u5df2\u8ba1\u5165\u6b27\u6d32\u592e\u884c\uff08ECB\uff09\u66f4\u5f3a\u786c\u7684\u6297\u901a\u80c0\u7acb\u573a\u4ee5\u53ca\u672a\u6765\u66f4\u9ad8\u5229\u7387\u9884\u671f"},"content":{"rendered":"\u5e02\u573a\u5728\u4e00\u8f6e\u7531\u6cb9\u4ef7\u63a8\u52a8\u7684\u629b\u552e\u540e\uff0c\u91cd\u65b0\u8c03\u6574\u5bf9\u6b27\u6d32\u592e\u884c\uff08ECB\uff09\u7684\u9884\u671f\u3002\u5b9a\u4ef7\u8f6c\u5411\u66f4\u5f3a\u786c\u7684\u901a\u80c0\u63a7\u5236\u7acb\u573a\uff0c\u5e76\u62bc\u6ce8\u5e74\u5e95\u524d\u5229\u7387\u66f4\u9ad8\u3002\u8fdc\u671f\u5408\u7ea6\uff08Forward\uff0c\u9501\u5b9a\u672a\u6765\u67d0\u4e2a\u65f6\u95f4\u70b9\u4ef7\u683c\u6216\u5229\u7387\u7684\u5408\u7ea6\uff09\u663e\u793a\uff0c\u504f\u7d27\u7684\u653f\u7b56\u53ef\u80fd\u5ef6\u7eed\u52302026\u5e74\u3002\n\n\u8fdc\u671f\u5408\u7ea6\u76ee\u524d\u7ed9\u51fa6\u6708\u52a0\u606f\uff08\u63d0\u9ad8\u653f\u7b56\u5229\u7387\uff09\u7684\u6982\u7387\u4e3a60%\uff0c\u5e76\u8ba1\u5165\u5e74\u5e95\u524d\u5229\u7387\u4e0a\u534733\u4e2a\u57fa\u70b9\uff08bp\uff0c\u57fa\u70b9\uff1b1\u4e2a\u57fa\u70b9=0.01\u4e2a\u767e\u5206\u70b9\uff0c\u4f8b\u598233bp=0.33\u4e2a\u767e\u5206\u70b9\uff09\u3002\u8fd9\u6b21\u91cd\u5b9a\u4ef7\u53d1\u751f\u5728\u4e00\u573a\u6ce2\u52a8\u5267\u70c8\u7684\u4ea4\u6613\u65f6\u6bb5\u4e4b\u540e\u3002\n\n<h3>\u8f6c\u5411\u66f4\u9e70\u6d3e\u7684\u9884\u671f<\/h3>\n\u8fd9\u6b21\u8f6c\u5411\u610f\u5473\u7740\u5e02\u573a\u8ba4\u4e3a\uff0c\u6b27\u6d32\u592e\u884c\u53ef\u80fd\u613f\u610f\u63a5\u53d7\u7ecf\u6d4e\u589e\u957f\u53d8\u5f31\uff0c\u4ee5\u7ef4\u62a4\u5176\u201c\u6297\u901a\u80c0\u53ef\u4fe1\u5ea6\u201d\uff08\u4e5f\u5c31\u662f\u8ba9\u5e02\u573a\u76f8\u4fe1\u5b83\u4f1a\u628a\u901a\u80c0\u538b\u4e0b\u53bb\uff09\u3002\u540c\u65f6\u4e5f\u6697\u793a\uff0c\u6b27\u6d32\u592e\u884c\u77ed\u671f\u5185\u53ef\u80fd\u901a\u8fc7\u66f4\u5f3a\u786c\u7684\u8868\u6001\uff08\u9e70\u6d3e\u6c9f\u901a\uff1a\u504f\u5411\u52a0\u606f\u6216\u7ef4\u6301\u9ad8\u5229\u7387\u7684\u63aa\u8f9e\uff09\u6765\u5f15\u5bfc\u9884\u671f\u3002\n\n\u4e0d\u8fc7\uff0c\u8fd9\u79cd\u524d\u666f\u53d7\u5230\u8d28\u7591\uff0c\u56e0\u4e3a\u589e\u957f\u98ce\u9669\u4e0e\u91d1\u878d\u5e02\u573a\u98ce\u9669\u6b63\u5728\u4e0a\u5347\u3002\u62c5\u5fe7\u5305\u62ec\uff1a\u6b27\u5143\u533a\u5916\u56f4\u56fd\u5bb6\uff08periphery\uff0c\u901a\u5e38\u6307\u8d22\u653f\u4e0e\u503a\u52a1\u66f4\u8106\u5f31\u3001\u8f83\u4f9d\u8d56\u5916\u90e8\u878d\u8d44\u7684\u56fd\u5bb6\uff0c\u5982\u610f\u5927\u5229\u3001\u897f\u73ed\u7259\u3001\u5e0c\u814a\u7b49\uff09\u53d7\u5f71\u54cd\u66f4\u5927\uff1b\u80fd\u6e90\u4ef7\u683c\u4e0a\u5347\u6324\u538b\u653f\u5e9c\u9884\u7b97\u7a7a\u95f4\uff1b\u4ee5\u53ca\u503a\u52a1\u6c34\u5e73\u672c\u6765\u5c31\u504f\u9ad8\u3002\n\n\u62a5\u544a\u79f0\uff0c\u8fd9\u4e9b\u538b\u529b\u53ef\u80fd\u9650\u5236\u6b27\u6d32\u592e\u884c\u5728\u5e94\u5bf9\u4f0a\u6717\u6218\u4e89\u51b2\u51fb\u65f6\u6536\u7d27\u653f\u7b56\u7684\u529b\u5ea6\u3002\u6587\u7ae0\u7531AI\u8f85\u52a9\u751f\u6210\uff0c\u5e76\u7531\u7f16\u8f91\u5ba1\u9605\u3002\n\n\u5e02\u573a\u5728\u8fd1\u671f\u6cb9\u4ef7\u51b2\u51fb\u540e\uff0c\u6fc0\u8fdb\u8c03\u6574\u5bf9\u6b27\u6d32\u592e\u884c\u7684\u770b\u6cd5\u3002\u8fdc\u671f\u5408\u7ea6\u663e\u793a\uff0c6\u6708\u52a0\u606f\u6982\u7387\u4e3a60%\uff0c\u5e76\u8ba1\u5165\u5e74\u5e95\u524d\u8d85\u8fc730\u4e2a\u57fa\u70b9\u7684\u6536\u7d27\u5e45\u5ea6\u3002\u6362\u8a00\u4e4b\uff0c\u4ea4\u6613\u5458\u5728\u9632\u5907\u4e00\u4e2a\u201c\u4f18\u5148\u6253\u901a\u80c0\u201d\u7684\u6b27\u6d32\u592e\u884c\uff0c\u5373\u4f7f\u8fd9\u4f1a\u727a\u7272\u90e8\u5206\u7ecf\u6d4e\u589e\u957f\u3002\n\n<h3>\u5e02\u573a\u53ef\u80fd\u9ad8\u4f30\u52a0\u606f\u7684\u539f\u56e0<\/h3>\n\u4f46\u6211\u4eec\u8ba4\u4e3a\uff0c\u57fa\u4e8e\u57fa\u7840\u6570\u636e\uff0c\u76ee\u524d\u7684\u9e70\u6d3e\u5b9a\u4ef7\u53ef\u80fd\u504f\u8fc7\u5934\u3002\u6b27\u76df\u7edf\u8ba1\u5c40\uff08Eurostat\uff092026\u5e742\u6708\u6700\u65b0\u6570\u636e\u663e\u793a\uff0c\u6574\u4f53\u901a\u80c0\uff08headline inflation\uff1a\u5305\u542b\u6240\u6709\u9879\u76ee\u7684\u901a\u80c0\uff09\u56e0\u80fd\u6e90\u5e26\u52a8\u5347\u81f33.4%\uff1b\u4f46\u6838\u5fc3\u901a\u80c0\uff08core inflation\uff1a\u5254\u9664\u6ce2\u52a8\u8f83\u5927\u7684\u80fd\u6e90\u4e0e\u98df\u54c1\uff0c\u66f4\u80fd\u53cd\u6620\u6301\u7eed\u6027\u4ef7\u683c\u538b\u529b\uff0c\u4e5f\u662f\u592e\u884c\u66f4\u5173\u6ce8\u7684\u6307\u6807\uff09\u4ec5\u5c0f\u5e45\u5347\u81f3\u8f83\u53ef\u63a7\u76842.3%\u3002\u8fd9\u79cd\u5206\u5316\u7ed9\u4e86\u592e\u884c\u66f4\u6709\u7406\u7531\u4fdd\u6301\u8010\u5fc3\uff0c\u800c\u4e0d\u662f\u50cf\u5e02\u573a\u9884\u671f\u90a3\u6837\u6025\u4e8e\u52a0\u606f\u3002\n\n\u6b64\u5916\uff0c\u7ecf\u6d4e\u524d\u666f\u5df2\u7ecf\u8f6c\u5f31\uff0c\u6fc0\u8fdb\u6536\u7d27\u4f1a\u66f4\u5371\u9669\u3002\u6b27\u6d32\u592e\u884c\u5185\u90e8\u9884\u6d4b\u56e2\u961f\uff08staff\uff1a\u592e\u884c\u7684\u7814\u7a76\u4e0e\u9884\u6d4b\u90e8\u95e8\uff09\u8fd1\u671f\u628a\u6b27\u5143\u533a2026\u5e74\u589e\u957f\u9884\u6d4b\u4ece1.5%\u4e0b\u8c03\u81f30.9%\uff0c\u7406\u7531\u662f\u9ad8\u80fd\u6e90\u6210\u672c\u51b2\u51fb\u4f01\u4e1a\u4e0e\u6d88\u8d39\u8005\u5f00\u652f\u3002\u5728\u7ecf\u6d4e\u653e\u7f13\u65f6\u7ee7\u7eed\u6536\u7d27\uff0c\u5bf9\u4efb\u4f55\u592e\u884c\u90fd\u662f\u96be\u8d70\u7684\u8def\u3002\n\n\u503a\u5238\u5e02\u573a\u4e5f\u518d\u73b0\u7d27\u5f20\u8ff9\u8c61\uff0c\u5c24\u5176\u5728\u503a\u52a1\u8f83\u9ad8\u7684\u56fd\u5bb6\u66f4\u660e\u663e\u3002\u610f\u5927\u5229\u4e0e\u5fb7\u56fd10\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u5229\u5dee\uff08spread\uff1a\u4e24\u56fd\u6536\u76ca\u7387\u5dee\u8ddd\uff0c\u7528\u6765\u8861\u91cf\u98ce\u9669\u6ea2\u4ef7\u4e0e\u5e02\u573a\u538b\u529b\uff09\u8fc7\u53bb\u4e24\u5468\u6269\u5927\u81f3190\u4e2a\u57fa\u70b9\uff0c\u521b\u4e00\u5e74\u591a\u6765\u6700\u9ad8\u3002\u8fd9\u8868\u660e\uff0c\u52a0\u606f\u9884\u671f\u4e0a\u5347\u5df2\u7ecf\u5728\u6324\u538b\u653f\u5e9c\u8d22\u653f\u3001\u8003\u9a8c\u5e02\u573a\u7a33\u5b9a\u3002\n\n\u8fd9\u8ba9\u4eba\u60f3\u8d772022\u5e74\u7684\u80fd\u6e90\u5371\u673a\u3002\u4ece2026\u5e74\u7684\u89d2\u5ea6\u56de\u770b\uff0c\u90a3\u6b21\u4e8b\u4ef6\u6e05\u695a\u8bf4\u660e\uff1a\u5728\u80fd\u6e90\u51b2\u51fb\u4e2d\u52a0\u606f\u592a\u5feb\u7684\u4ee3\u4ef7\u5f88\u5927\u3002\u6b27\u6d32\u592e\u884c\u5f53\u65f6\u88ab\u8feb\u52a0\u606f\uff0c\u4f46\u663e\u8457\u62d6\u7d2f\u4e86\u4e4b\u540e\u4e00\u5e74\u7684\u590d\u82cf\u3002\u5f88\u96be\u76f8\u4fe1\u4ed6\u4eec\u4f1a\u5fd8\u8bb0\u8fd9\u6bb5\u6559\u8bad\uff0c\u5e76\u613f\u610f\u91cd\u6f14\u3002\n\n\u8fd9\u4e5f\u53ef\u80fd\u5728\u884d\u751f\u54c1\u5e02\u573a\uff08derivatives\uff1a\u4ef7\u503c\u6765\u81ea\u5229\u7387\u3001\u6c47\u7387\u7b49\u201c\u6807\u7684\u201d\u7684\u5408\u7ea6\u5de5\u5177\uff09\u5e26\u6765\u673a\u4f1a\uff0c\u56e0\u4e3a\u76ee\u524d\u5e02\u573a\u5bf9\u201c\u975e\u5e38\u6fc0\u8fdb\u7684\u6b27\u6d32\u592e\u884c\u201d\u5b9a\u4ef7\uff0c\u53ef\u80fd\u4e0e\u4e0a\u5347\u7684\u7ecf\u6d4e\u98ce\u9669\u8131\u8282\u3002\u53ef\u8003\u8651\u5e03\u5c40\u53d7\u76ca\u4e8e\u66f4\u8c28\u614e\u6216\u66f4\u5ef6\u540e\u52a0\u606f\u8def\u5f84\u7684\u7b56\u7565\uff0c\u4f8b\u5982\u5229\u7387\u4e92\u6362\uff08interest rate swaps\uff1a\u7528\u56fa\u5b9a\u5229\u7387\u4e0e\u6d6e\u52a8\u5229\u7387\u4ea4\u6362\u73b0\u91d1\u6d41\u7684\u5de5\u5177\uff09\u6216\u671f\u6743\uff08options\uff1a\u5728\u672a\u6765\u4ee5\u7ea6\u5b9a\u6761\u4ef6\u4e70\u5356\u7684\u6743\u5229\uff09\uff0c\u62bc\u6ce8\u4e0b\u534a\u5e74\u5b9e\u9645\u52a0\u606f\u6b21\u6570\u5c11\u4e8e\u5f53\u524d\u5b9a\u4ef7\u3002\n<p>\r\n\r\n<p><strong>\u7acb\u5373\u5f00\u59cb\u4ea4\u6613 &#8211; \u70b9\u51fb<a href=\"https:\/\/www.vtmarketsmy.com\/cn\/trade-now\/\">\u8fd9\u91cc<\/a>\u521b\u5efa\u60a8\u7684 VT Markets \u771f\u5b9e\u8d26\u6237 <\/strong> <\/p>\r\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u6cb9\u4ef7\u51b2\u51fb\u540e\uff0c\u5e02\u573a\u62bc\u6ce8ECB\u66f4\u9e70\uff1a6\u6708\u52a0\u606f\u6982\u738760%\u3001\u5e74\u5e95\u6536\u7d2733bp\uff0c\u7d27\u7f29\u6216\u62d6\u52302026\u3002\u4f46\u6838\u5fc3\u901a\u80c0\u6e29\u548c\u3001\u589e\u957f\u4e0b\u4fee\u4e0e\u5229\u5dee\u6269\u5f20\uff0c\u6216\u4ee4\u52a0\u606f\u9884\u671f\u8fc7\u5934\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-30922","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/30922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=30922"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/30922\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=30922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=30922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=30922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}