{"id":44379,"date":"2026-04-10T19:52:12","date_gmt":"2026-04-10T19:52:12","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e5%af%86%e6%ad%87%e6%a0%b9%e5%a4%a7%e5%ad%a6%ef%bc%9a%e7%be%8e%e5%9b%bd%e4%ba%94%e5%b9%b4%e6%9c%9f%e6%b6%88%e8%b4%b9%e8%80%85%e9%80%9a%e8%83%80%e9%a2%84%e6%9c%9f%e4%bb%8e3-2%e5%8d%87%e8%87%b33-4\/"},"modified":"2026-04-10T19:52:12","modified_gmt":"2026-04-10T19:52:12","slug":"%e5%af%86%e6%ad%87%e6%a0%b9%e5%a4%a7%e5%ad%a6%ef%bc%9a%e7%be%8e%e5%9b%bd%e4%ba%94%e5%b9%b4%e6%9c%9f%e6%b6%88%e8%b4%b9%e8%80%85%e9%80%9a%e8%83%80%e9%a2%84%e6%9c%9f%e4%bb%8e3-2%e5%8d%87%e8%87%b33-4","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e5%af%86%e6%ad%87%e6%a0%b9%e5%a4%a7%e5%ad%a6%ef%bc%9a%e7%be%8e%e5%9b%bd%e4%ba%94%e5%b9%b4%e6%9c%9f%e6%b6%88%e8%b4%b9%e8%80%85%e9%80%9a%e8%83%80%e9%a2%84%e6%9c%9f%e4%bb%8e3-2%e5%8d%87%e8%87%b33-4\/","title":{"rendered":"\u5bc6\u6b47\u6839\u5927\u5b66\uff1a\u7f8e\u56fd\u4e94\u5e74\u671f\u6d88\u8d39\u8005\u901a\u80c0\u9884\u671f\u4ece3.2%\u5347\u81f33.4%"},"content":{"rendered":"

\u7f8e\u56fd5\u5e74\u671f\u6d88\u8d39\u8005\u901a\u80c0\u9884\u671f\u57284\u6708\u5347\u81f33.4%\uff0c\u6b64\u524d\u4e3a3.2%\u3002<\/p>\n

\u8fd9\u6b21\u66f4\u65b0\u6bd4\u4e0a\u6708\u9ad80.2\u4e2a\u767e\u5206\u70b9\uff0c\u53cd\u6620\u672a\u6765\u4e94\u5e74\u7684\u9884\u671f\u901a\u80c0\uff08\u5e02\u573a\u548c\u6d88\u8d39\u8005\u5bf9\u672a\u6765\u7269\u4ef7\u6da8\u5e45\u7684\u9884\u6d4b\uff09\u3002<\/p>\n

\u901a\u80c0\u9884\u671f\u4e0a\u5347\uff0c\u663e\u793a\u4ef7\u683c\u4e0b\u964d\u4e0d\u987a<\/h3>\n

5\u5e74\u671f\u901a\u80c0\u9884\u671f\u5347\u81f33.4%\uff0c\u8ba9\u201c\u901a\u80c0\u4f1a\u6301\u7eed\u964d\u6e29\u201d\u7684\u5e02\u573a\u8bf4\u6cd5\u53d7\u5230\u6311\u6218\u3002\u8fd9\u610f\u5473\u7740\u7269\u4ef7\u538b\u529b\u6bd4\u9884\u671f\u66f4\u987d\u56fa\uff0c\u5e76\u975e\u77ed\u6682\u6ce2\u52a8\uff0c\u800c\u662f\u63d0\u9192\u672a\u6765\u8d27\u5e01\u653f\u7b56\uff08\u592e\u884c\u7528\u5229\u7387\u4e0e\u6d41\u52a8\u6027\u5f71\u54cd\u7ecf\u6d4e\u4e0e\u7269\u4ef7\u7684\u653f\u7b56\uff09\u8d70\u5411\u4ecd\u4e0d\u660e\u6717\u3002<\/p>\n

\u8fd9\u9879\u6570\u636e\u4e5f\u8feb\u4f7f\u5e02\u573a\u91cd\u65b0\u8bc4\u4f30\u7f8e\u8054\u50a8\uff08Federal Reserve\uff0c\u7f8e\u56fd\u4e2d\u592e\u94f6\u884c\uff09\u57282026\u5e74\u4f59\u4e0b\u65f6\u95f4\u53ef\u80fd\u91c7\u53d6\u7684\u884c\u52a8\u3002\u5e02\u573a\u539f\u672c\u9884\u671f\u5e74\u5e95\u524d\u81f3\u5c11\u964d\u606f\u4e24\u6b21\uff08\u964d\u4f4e\u653f\u7b56\u5229\u7387\uff0c\u501f\u8d37\u6210\u672c\u4e0b\u964d\uff09\uff0c\u5982\u4eca\u770b\u8d77\u6765\u504f\u4e50\u89c2\u3002\u60c5\u51b5\u7c7b\u4f3c2025\u5e74\uff0c\u5f53\u65f6\u5e02\u573a\u591a\u6b21\u671f\u5f85\u653e\u677e\u653f\u7b56\uff0c\u4f46\u901a\u80c0\u6570\u636e\u504f\u9ad8\u5bfc\u81f4\u9884\u671f\u4e00\u518d\u5ef6\u540e\u3002<\/p>\n

\u5bf9\u5229\u7387\u4ea4\u6613\u5458\u6765\u8bf4\uff0c\u8fd9\u662f\u9700\u8981\u8c03\u6574\u4e0eSOFR\u6302\u94a9\u4ed3\u4f4d\u7684\u4fe1\u53f7\u3002SOFR\uff08Secured Overnight Financing Rate\uff0c\u6709\u62c5\u4fdd\u9694\u591c\u878d\u8d44\u5229\u7387\uff0c\u7f8e\u56fd\u91cd\u8981\u77ed\u671f\u5229\u7387\u57fa\u51c6\uff09\u5e38\u7528\u4e8e\u5229\u7387\u671f\u8d27\u4e0e\u884d\u751f\u54c1\u5b9a\u4ef7\u3002\u53ef\u8003\u8651\u5356\u51fa2026\u5e74\u672b\u4e0e2027\u5e74\u521d\u7684\u671f\u8d27\u5408\u7ea6\uff0c\u56e0\u4e3a\u8fd9\u4e9b\u5408\u7ea6\u53ef\u80fd\u4f4e\u4f30\u4e86\u201c\u7f8e\u8054\u50a8\u628a\u5229\u7387\u7ef4\u6301\u5728\u9ad8\u4f4d\u66f4\u4e45\u201d\u7684\u6982\u7387\u3002\u6700\u65b0CME FedWatch\u5de5\u5177\uff08\u57fa\u4e8e\u671f\u8d27\u4ef7\u683c\u63a8\u7b97\u5e02\u573a\u5bf9\u52a0\u606f\/\u964d\u606f\u6982\u7387\u7684\u6307\u6807\uff09\u663e\u793a\uff0c\u5e02\u573a\u4ecd\u7ed9\u51fa9\u6708\u964d\u606f\u63a5\u8fd160%\u7684\u6982\u7387\uff0c\u4f46\u8fd9\u4efd\u901a\u80c0\u9884\u671f\u4e0a\u5347\u7684\u6570\u636e\u8ba9\u8be5\u5224\u65ad\u66f4\u7ad9\u4e0d\u4f4f\u811a\u3002<\/p>\n

\u5728\u80a1\u7968\u5e02\u573a\uff0c\u901a\u80c0\u9884\u671f\u82e5\u957f\u671f\u504f\u9ad8\uff0c\u4f1a\u6324\u538b\u4f01\u4e1a\u5229\u6da6\u7387\uff08\u6210\u672c\u4e0a\u5347\u3001\u5229\u6da6\u7a7a\u95f4\u53d8\u5c0f\uff09\u5e76\u6253\u51fb\u4f30\u503c\uff08\u5e02\u573a\u613f\u610f\u7ed9\u516c\u53f8\u7684\u4ef7\u683c\u500d\u6570\uff09\u3002\u53ef\u8003\u8651\u5728\u5bf9\u5229\u7387\u66f4\u654f\u611f\u7684\u6307\u6570\uff08\u5982\u7eb3\u65af\u8fbe\u514b100\uff09\u4e70\u5165\u4fdd\u62a4\u6027\u770b\u8dcc\u671f\u6743\uff08protective put\uff1a\u4e70\u5165\u770b\u8dcc\u671f\u6743\uff0c\u7528\u6765\u5728\u4e0b\u8dcc\u65f6\u5bf9\u51b2\u4e8f\u635f\uff09\u3002\u8fd9\u4e5f\u610f\u5473\u7740\u6ce2\u52a8\u7387\u53ef\u80fd\u4e0a\u5347\uff0c\u4f7fVIX\u770b\u6da8\u671f\u6743\uff08VIX\u4e3a\u201c\u6050\u614c\u6307\u6570\u201d\uff0c\u8861\u91cf\u6807\u666e500\u9690\u542b\u6ce2\u52a8\u7387\uff1b\u4e70\u5176\u770b\u6da8\u671f\u6743\u53ef\u5728\u5e02\u573a\u5927\u8dcc\u3001\u6ce2\u52a8\u98d9\u5347\u65f6\u5bf9\u51b2\uff09\u6210\u4e3a\u8f83\u5408\u9002\u7684\u5bf9\u51b2\u5de5\u5177\u3002<\/p>\n

\u8fd9\u9879\u6570\u636e\u4e5f\u4e0e\u6700\u65b0CPI\u62a5\u544a\u76f8\u547c\u5e94\u3002CPI\uff08Consumer Price Index\uff0c\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff09\u662f\u8861\u91cf\u6574\u4f53\u7269\u4ef7\u53d8\u52a8\u7684\u6307\u6807\uff1b\u4e0a\u6708\u6838\u5fc3\u901a\u80c0\uff08\u5254\u9664\u98df\u54c1\u4e0e\u80fd\u6e90\u7b49\u6ce2\u52a8\u8f83\u5927\u7684\u9879\u76ee\uff0c\u66f4\u80fd\u53cd\u6620\u957f\u671f\u8d8b\u52bf\uff09\u4e3a3.7%\uff0c\u660e\u663e\u9ad8\u4e8e\u7f8e\u8054\u50a8\u76ee\u6807\u3002\u56de\u770b2022\u5e74\uff0c\u5e02\u573a\u4e5f\u66fe\u591a\u6b21\u4f4e\u4f30\u7f8e\u8054\u50a8\u6297\u901a\u80c0\u7684\u51b3\u5fc3\uff0c\u62bc\u6ce8\u5feb\u901f\u8f6c\u5411\u5bbd\u677e\uff08policy pivot\uff1a\u4ece\u7d27\u7f29\u8f6c\u4e3a\u5bbd\u677e\uff09\u7684\u4eba\u51fa\u73b0\u660e\u663e\u4e8f\u635f\uff0c\u540c\u6837\u7684\u9519\u8bef\u5e94\u907f\u514d\u3002<\/p>\n

\u4e3a\u66f4\u9ad8\u901a\u80c0\u7ed3\u679c\u505a\u90e8\u7f72<\/h3>\n

\u4e5f\u53ef\u8bc4\u4f30\u66f4\u76f4\u63a5\u7684\u901a\u80c0\u4ea4\u6613\u3002\u901a\u80c0\u4e92\u6362\uff08inflation swap\uff1a\u4e00\u65b9\u652f\u4ed8\u56fa\u5b9a\u901a\u80c0\u7387\u3001\u53e6\u4e00\u65b9\u652f\u4ed8\u5b9e\u9645\u901a\u80c0\uff0c\u7528\u4e8e\u62bc\u6ce8\u6216\u5bf9\u51b2\u901a\u80c0\uff09\u53ef\u7528\u6765\u5e03\u5c40\u672a\u6765\u5b9e\u9645\u901a\u80c0\u9ad8\u4e8e\u5f53\u524d\u201c\u76c8\u4e8f\u5e73\u8861\u901a\u80c0\u7387\u201d\u3002\u76c8\u4e8f\u5e73\u8861\u901a\u80c0\u7387\uff08breakeven rate\uff1a\u7531\u540d\u4e49\u56fd\u503a\u4e0e\u901a\u80c0\u4fdd\u503c\u503a\u6536\u76ca\u7387\u5dee\u63a8\u7b97\u7684\u5e02\u573a\u9690\u542b\u901a\u80c0\u9884\u671f\uff09\u662f\u5e02\u573a\u7528\u6765\u5224\u65ad\u901a\u80c0\u662f\u5426\u88ab\u4f4e\u4f30\/\u9ad8\u4f30\u7684\u53c2\u8003\u3002\u6b64\u5916\uff0c\u4e70\u5165TIPS ETF\u770b\u6da8\u671f\u6743\u4e5f\u662f\u53e6\u4e00\u79cd\u65b9\u5f0f\uff1bTIPS\uff08Treasury Inflation-Protected Securities\uff0c\u7f8e\u56fd\u901a\u80c0\u4fdd\u503c\u56fd\u503a\uff0c\u672c\u91d1\u968f\u901a\u80c0\u8c03\u6574\uff09\u5728\u901a\u80c0\u9884\u671f\u4e0a\u5347\u65f6\u901a\u5e38\u66f4\u53d7\u652f\u6301\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u7f8e\u56fd5\u5e74\u901a\u80c0\u9884\u671f4\u6708\u5347\u81f33.4%\u6572\u8b66\u949f\uff1a\u964d\u901a\u80c0\u4e0d\u987a\uff0c\u964d\u606f\u4e24\u6b21\u6216\u8fc7\u5ea6\u4e50\u89c2\u3002\u5229\u7387\u4e0e\u7f8e\u80a1\u4f30\u503c\u627f\u538b\uff0cSOFR\u3001\u7eb3\u6307\u671f\u6743\u3001VIX\u4e0eTIPS\u5bf9\u51b2\u6216\u53d7\u5173\u6ce8\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-44379","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\/44379","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=44379"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/44379\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=44379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=44379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=44379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}