{"id":31458,"date":"2026-03-17T04:03:38","date_gmt":"2026-03-17T04:03:38","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e5%9c%a8%e8%bf%9e%e7%bb%ad%e5%9b%9b%e6%97%a5%e4%b8%8a%e6%b6%a8%e5%90%8e%ef%bc%8c%e7%be%8e%e5%85%83-%e6%97%a5%e5%85%83%e4%b8%8b%e8%b7%8c0-4%ef%bc%8c%e5%9c%a8%e6%95%b4%e4%bd%93%e5%b8%82%e5%9c%ba\/"},"modified":"2026-03-17T04:03:38","modified_gmt":"2026-03-17T04:03:38","slug":"%e5%9c%a8%e8%bf%9e%e7%bb%ad%e5%9b%9b%e6%97%a5%e4%b8%8a%e6%b6%a8%e5%90%8e%ef%bc%8c%e7%be%8e%e5%85%83-%e6%97%a5%e5%85%83%e4%b8%8b%e8%b7%8c0-4%ef%bc%8c%e5%9c%a8%e6%95%b4%e4%bd%93%e5%b8%82%e5%9c%ba","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e5%9c%a8%e8%bf%9e%e7%bb%ad%e5%9b%9b%e6%97%a5%e4%b8%8a%e6%b6%a8%e5%90%8e%ef%bc%8c%e7%be%8e%e5%85%83-%e6%97%a5%e5%85%83%e4%b8%8b%e8%b7%8c0-4%ef%bc%8c%e5%9c%a8%e6%95%b4%e4%bd%93%e5%b8%82%e5%9c%ba\/","title":{"rendered":"\u5728\u8fde\u7eed\u56db\u65e5\u4e0a\u6da8\u540e\uff0c\u7f8e\u5143\/\u65e5\u5143\u4e0b\u8dcc0.4%\uff0c\u5728\u6574\u4f53\u5e02\u573a\u4ea4\u6295\u6e05\u6de1\u7684\u6c1b\u56f4\u4e0b\u56de\u843d\u81f3159.00\u9644\u8fd1"},"content":{"rendered":"\u5468\u4e00\uff0c\u7f8e\u5143\/\u65e5\u5143\u4e0b\u8dcc\u7ea60.4%\uff0c\u7ed3\u675f\u8fde\u7eed\u56db\u4e2a\u4ea4\u6613\u65e5\u4e0a\u6da8\uff0c\u5e76\u56de\u843d\u81f3159.00\u9644\u8fd1\u3002\u8be5\u8d27\u5e01\u5bf9\u81ea2\u6708\u5728152.10\u5de6\u53f3\u8d77\u6da8\uff0c\u4f46\u5347\u81f3159.75\u540e\u672a\u80fd\u7ad9\u7a33\u3002\n\n\u65e5\u5143\u8d70\u5f3a\uff0c\u539f\u56e0\u662f\u7f8e\u5143\u5728\u6574\u4f53\u5e02\u573a\u4e2d\u8d70\u5f31\u3002\u5e02\u573a\u9884\u671f\u65e5\u672c\u592e\u884c\uff08BoJ\uff09\u5c06\u5728\u5468\u56db\u628a\u653f\u7b56\u5229\u7387\u7ef4\u6301\u57280.75%\u4e0d\u53d8\uff1b\u540c\u65f6\u901a\u80c0\u4ecd\u9ad8\u4e8e2%\u7684\u76ee\u6807\u6c34\u5e73\u3002\n\n<h3>\u65e5\u672c\u6570\u636e\u4e0e\u65e5\u672c\u592e\u884c\u5c55\u671b<\/h3>\n\u65e5\u672c\u4e5f\u5c06\u5728\u5468\u56db\u516c\u5e032\u6708\u8d38\u6613\u6570\u636e\u3002\u4e0a\u4e00\u6b21\u6570\u636e\u663e\u793a\uff0c\u51fa\u53e3\u540c\u6bd4\u589e\u957f16.8%\u3002\u5e02\u573a\u4e5f\u5c06\u5173\u6ce8\u65e5\u672c\u592e\u884c\u884c\u957f\u690d\u7530\u548c\u7537\u7684\u8bb2\u8bdd\uff0c\u4ee5\u5224\u65ad\u672a\u6765\u662f\u5426\u3001\u4ee5\u53ca\u4f55\u65f6\u8fdb\u4e00\u6b65\u201c\u6536\u7d27\u201d\uff08tightening\uff0c\u6307\u63d0\u9ad8\u5229\u7387\u6216\u51cf\u5c11\u5e02\u573a\u8d44\u91d1\u6295\u653e\uff0c\u8ba9\u878d\u8d44\u6210\u672c\u4e0a\u5347\uff09\u3002\n\n\u7f8e\u56fd\u65b9\u9762\uff0c\u970d\u5c14\u6728\u5179\u6d77\u5ce1\u7d27\u5f20\u5c40\u52bf\u7f13\u548c\uff0c\u964d\u4f4e\u4e86\u5e02\u573a\u5bf9\u7f8e\u5143\u4f5c\u4e3a\u201c\u907f\u9669\u201d\uff08safe haven\uff0c\u6307\u5728\u98ce\u9669\u4e0a\u5347\u65f6\u8d44\u91d1\u503e\u5411\u6d41\u5165\u7684\u8d44\u4ea7\uff09\u7684\u9700\u6c42\u3002\u7ebd\u7ea6\u8054\u50a8\u5e1d\u56fd\u5dde\u5236\u9020\u4e1a\u6307\u6570\u4e3a-0.2\uff0c\u4f4e\u4e8e\u5e02\u573a\u9884\u6d4b\u76843.2\u3002\n\n\u7f8e\u8054\u50a8\uff08Federal Reserve\uff09\u5c06\u5728\u5468\u4e09\u516c\u5e03\u5229\u7387\u51b3\u5b9a\uff0c\u5e02\u573a\u9884\u671f\u5229\u7387\u7ef4\u6301\u57283.75%\u4e0d\u53d8\u3002\u51b3\u8bae\u540c\u65f6\u5c06\u516c\u5e03\u6700\u65b0\u7684\u7ecf\u6d4e\u9884\u6d4b\u6458\u8981\uff08Summary of Economic Projections\uff0c\u7b80\u79f0SEP\uff0c\u5373\u7f8e\u8054\u50a8\u5bf9\u589e\u957f\u3001\u901a\u80c0\u3001\u5931\u4e1a\u4e0e\u5229\u7387\u8def\u5f84\u7684\u5b98\u65b9\u9884\u6d4b\uff09\u3002\n\n\u56de\u987e\u4e00\u5e74\u524d\uff0c\u53732025\u5e743\u6708\uff0c\u5f53\u65f6\u7f8e\u5143\/\u65e5\u5143\u903c\u8fd1160\u3002\u5e02\u573a\u53d9\u4e8b\u4e3b\u8981\u56f4\u7ed5\u5de8\u5927\u7684\u653f\u7b56\u5dee\u8ddd\uff1a\u65e5\u672c\u592e\u884c\u7ef4\u63010.75%\uff0c\u800c\u7f8e\u8054\u50a8\u575a\u5b88\u57283.75%\u3002\u8fd9\u79cd\u5229\u5dee\u662f\u63a8\u52a8\u201c\u505a\u591a\u7f8e\u5143\u3001\u505a\u7a7a\u65e5\u5143\u201d\u7684\u6838\u5fc3\u52a8\u529b\u3002\n\n<h3>\u653f\u7b56\u8d8b\u540c\u4e0e\u5e02\u573a\u5f71\u54cd<\/h3>\n\u81ea\u90a3\u6b21\u9ad8\u70b9\u540e\uff0c\u5f62\u52bf\u660e\u663e\u6539\u53d8\uff0c\u4f7f\u5f97\u7ee7\u7eed\u505a\u591a\u7f8e\u5143\u7684\u98ce\u9669\u5927\u5e45\u4e0a\u5347\u3002\u7f8e\u8054\u50a8\u56e0\u589e\u957f\u653e\u7f13\u8fdb\u5165\u964d\u606f\u5468\u671f\uff0c\u628a\u653f\u7b56\u5229\u7387\u964d\u81f3\u76ee\u524d\u76842.75%\u3002\u76f8\u53cd\uff0c\u65e5\u672c\u592e\u884c\u7ee7\u7eed\u7f13\u6162\u63a8\u8fdb\u201c\u6b63\u5e38\u5316\u201d\uff08normalization\uff0c\u6307\u4ece\u8d85\u4f4e\u5229\u7387\u4e0e\u5bbd\u677e\u653f\u7b56\u9010\u6b65\u56de\u5230\u66f4\u63a5\u8fd1\u5e38\u6001\u7684\u5229\u7387\u73af\u5883\uff09\uff0c\u5e76\u57282025\u5e74\u672b\u4e24\u6b21\u52a0\u606f\uff0c\u5c06\u57fa\u51c6\u5229\u7387\u63d0\u9ad8\u52301.25%\u3002\n\n\u8fd9\u79cd\u653f\u7b56\u8d8b\u540c\u538b\u7f29\u4e86\u5173\u952e\u7684\u7f8e\u65e510\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\u5229\u5dee\uff0810-year bond yield spread\uff0c\u6307\u4e24\u56fd10\u5e74\u671f\u56fd\u503a\u5229\u7387\u4e4b\u5dee\uff0c\u5e38\u5f71\u54cd\u6c47\u7387\u8d70\u5411\uff09\uff0c\u4ece2025\u5e74\u521d\u8d85\u8fc7350\u4e2a\u57fa\u70b9\uff08basis points\uff0cbp\uff1b1\u4e2a\u57fa\u70b9=0.01%\uff0c350bp=3.50%\uff09\u6536\u7a84\u81f3\u76ee\u524d\u7ea6240\u4e2a\u57fa\u70b9\u3002\u5229\u5dee\u6536\u7a84\u524a\u5f31\u4e86\u5bf9\u8be5\u8d27\u5e01\u5bf9\u7684\u652f\u6491\uff0c\u5e76\u9650\u5236\u4e0a\u884c\u7a7a\u95f4\u3002\u5f53\u524d154.50\u7684\u4ef7\u683c\u53cd\u6620\u51fa\u201c\u5957\u606f\u4ea4\u6613\u201d\uff08carry trade\uff0c\u501f\u5165\u4f4e\u5229\u7387\u8d27\u5e01\u3001\u4e70\u5165\u9ad8\u5229\u7387\u8d44\u4ea7\u4ee5\u8d5a\u53d6\u5229\u5dee\uff09\u5438\u5f15\u529b\u4e0b\u964d\u7684\u65b0\u73b0\u5b9e\u3002\n\n\u65e5\u672c2026\u5e742\u6708\u5168\u56fd\u6838\u5fc3CPI\uff08\u6838\u5fc3\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff0c\u5254\u9664\u90e8\u5206\u6ce2\u52a8\u8f83\u5927\u7684\u9879\u76ee\uff0c\u7528\u6765\u89c2\u5bdf\u901a\u80c0\u8d8b\u52bf\uff09\u4e3a2.3%\uff0c\u4ecd\u987d\u56fa\u9ad8\u4e8e\u65e5\u672c\u592e\u884c\u76ee\u6807\uff0c\u4f7f\u5e02\u573a\u5bf9\u5e74\u5185\u518d\u52a0\u606f\u7684\u9884\u671f\u5347\u6e29\u3002\u5bf9\u4ea4\u6613\u8005\u800c\u8a00\uff0c\u53ef\u8003\u8651\u5356\u51fa\u884c\u6743\u4ef7\u9ad8\u4e8e157.00\u7684\u770b\u6da8\u671f\u6743\uff08call options\uff0c\u770b\u6da8\u671f\u6743\uff1a\u4e70\u65b9\u6709\u6743\u5728\u5230\u671f\u524d\/\u5230\u671f\u65f6\u4ee5\u884c\u6743\u4ef7\u4e70\u5165\uff1b\u5356\u65b9\u6536\u53d6\u6743\u5229\u91d1\u4f46\u627f\u62c5\u5c65\u7ea6\u98ce\u9669\uff09\uff0c\u4ee5\u6536\u53d6\u6743\u5229\u91d1\uff08premium\uff0c\u671f\u6743\u4ef7\u683c\uff09\u4f5c\u4e3a\u7b56\u7565\uff0c\u56e0\u4e3a\u91cd\u8fd42025\u5e74160\u6c34\u5e73\u7684\u673a\u4f1a\u4f3c\u4e4e\u4e0d\u5927\u3002\u6b64\u524d\u963b\u529b\u4f4d\u53ef\u89c6\u4e3a\u5fc3\u7406\u5173\u53e3\uff0c\u73b0\u9636\u6bb5\u66f4\u96be\u7a81\u7834\u3002\n\n\u5728\u52a8\u80fd\u51cf\u5f31\u7684\u60c5\u51b5\u4e0b\uff0c\u4e5f\u53ef\u8003\u8651\u5982\u201c\u770b\u8dcc\u4ef7\u5dee\u201d\uff08put spreads\uff0c\u770b\u8dcc\u4ef7\u5dee\uff1a\u540c\u65f6\u4e70\u5165\u4e0e\u5356\u51fa\u4e0d\u540c\u884c\u6743\u4ef7\u7684\u770b\u8dcc\u671f\u6743\uff0c\u7528\u8f83\u4f4e\u6210\u672c\u62bc\u6ce8\u6e29\u548c\u4e0b\u8dcc\uff09\u7684\u7b56\u7565\uff0c\u4ee5\u5e03\u5c40\u6c47\u4ef7\u9010\u6b65\u8d70\u4f4e\u3002\u65e5\u5143\u7684\u907f\u9669\u5c5e\u6027\u57282025\u5e74\u90a3\u8f6e\u4e0a\u6da8\u4e2d\u8f83\u4e3a\u6c89\u5bc2\uff0c\u4f46\u82e5\u5168\u7403\u7ecf\u6d4e\u653e\u7f13\u52a0\u6df1\uff0c\u907f\u9669\u9700\u6c42\u53ef\u80fd\u91cd\u65b0\u51fa\u73b0\uff0c\u5bf9\u7f8e\u5143\/\u65e5\u5143\u6784\u6210\u989d\u5916\u538b\u529b\u3002\u53bb\u5e74\u90a3\u79cd\u7f8e\u5143\u5355\u8fb9\u5f3a\u52bf\u7684\u9636\u6bb5\uff0c\u663e\u7136\u5df2\u8fc7\u53bb\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>\u7f8e\u5143\/\u65e5\u5143\u8dcc\u56de159\u9644\u8fd1\uff0c\u7f8e\u5143\u8f6c\u5f31\u4e0e\u7f8e\u65e5\u653f\u7b56\u8d8b\u540c\u524a\u5f31\u4e0a\u884c\u52a8\u80fd\u3002\u65e5\u672c\u901a\u80c0\u504f\u9ad8\u6216\u518d\u52a0\u606f\uff0c\u5229\u5dee\u6536\u7a84\u538b\u4f4e\u5957\u606f\u5438\u5f15\u529b\uff0c\u7b56\u7565\u504f\u5356157\u4e0a\u65b9call\u6216\u5e03put spread\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-31458","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\/31458","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=31458"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/31458\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=31458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=31458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=31458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}