{"id":44823,"date":"2026-04-16T11:55:35","date_gmt":"2026-04-16T11:55:35","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e6%84%8f%e5%a4%a7%e5%88%a9%e6%9c%88%e5%ba%a6%e6%b6%88%e8%b4%b9%e8%80%85%e4%bb%b7%e6%a0%bc%e6%8c%87%e6%95%b0%e7%ac%a6%e5%90%88%e9%a2%84%e6%9c%9f%ef%bc%8c3%e6%9c%88%e4%b8%8a%e5%8d%870-5%ef%bc%8c\/"},"modified":"2026-04-16T11:55:35","modified_gmt":"2026-04-16T11:55:35","slug":"%e6%84%8f%e5%a4%a7%e5%88%a9%e6%9c%88%e5%ba%a6%e6%b6%88%e8%b4%b9%e8%80%85%e4%bb%b7%e6%a0%bc%e6%8c%87%e6%95%b0%e7%ac%a6%e5%90%88%e9%a2%84%e6%9c%9f%ef%bc%8c3%e6%9c%88%e4%b8%8a%e5%8d%870-5%ef%bc%8c","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e6%84%8f%e5%a4%a7%e5%88%a9%e6%9c%88%e5%ba%a6%e6%b6%88%e8%b4%b9%e8%80%85%e4%bb%b7%e6%a0%bc%e6%8c%87%e6%95%b0%e7%ac%a6%e5%90%88%e9%a2%84%e6%9c%9f%ef%bc%8c3%e6%9c%88%e4%b8%8a%e5%8d%870-5%ef%bc%8c\/","title":{"rendered":"\u610f\u5927\u5229\u6708\u5ea6\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u7b26\u5408\u9884\u671f\uff0c3\u6708\u4e0a\u53470.5%\uff0c\u672a\u4ee4\u5206\u6790\u5e08\u611f\u5230\u610f\u5916"},"content":{"rendered":"<p>\u610f\u5927\u52293\u6708\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\uff08CPI\uff0c\u8861\u91cf\u4e00\u822c\u5bb6\u5ead\u8d2d\u4e70\u5546\u54c1\u4e0e\u670d\u52a1\u4ef7\u683c\u53d8\u5316\u7684\u6307\u6807\uff09\u6309\u6708\u4e0a\u53470.5%\uff0c\u7b26\u5408\u5e02\u573a\u9884\u671f\u76840.5%\u589e\u5e45\u3002<\/p>\n<p>\u8fd9\u4e9b\u6570\u636e\u53cd\u6620\u610f\u5927\u5229\u6d88\u8d39\u8005\u4ef7\u683c\u7684\u6708\u5ea6\u53d8\u52a8\uff0c\u672a\u63d0\u4f9b\u66f4\u591a\u7ec6\u9879\u3002<\/p>\n<h3>\u610f\u5927\u5229\u901a\u80c0\u7ed3\u679c\u4e0e\u5e02\u573a\u53cd\u5e94<\/h3>\n<p>\u610f\u5927\u52293\u6708\u901a\u80c0\u6309\u6708\u589e\u957f0.5%\uff0c\u7b26\u5408\u9884\u671f\uff0c\u5e02\u573a\u53cd\u5e94\u6599\u6709\u9650\u3002\u8fd9\u4e5f\u652f\u6301\u4e00\u4e2a\u66f4\u5e7f\u6cdb\u7684\u5224\u65ad\uff1a\u6b27\u5143\u533a\u6574\u4f53\u7684\u6da8\u4ef7\u538b\u529b\u6b63\u5728\u9010\u6b65\u7f13\u548c\u3002\u7531\u4e8e\u6570\u636e\u5728\u9884\u671f\u4e4b\u5185\uff0c\u5e02\u573a\u5927\u591a\u5df2\u63d0\u524d\u53cd\u6620\uff0c\u77ed\u7ebf\u4e0d\u592a\u4f1a\u51fa\u73b0\u5267\u70c8\u6ce2\u52a8\u3002<\/p>\n<p>\u63a5\u4e0b\u6765\u7126\u70b9\u8f6c\u5411\u6b27\u6d32\u592e\u884c\uff08ECB\uff0c\u8d1f\u8d23\u5236\u5b9a\u6b27\u5143\u533a\u5229\u7387\u4e0e\u8d27\u5e01\u653f\u7b56\u7684\u673a\u6784\uff09\u7684\u4e0b\u4e00\u6b65\u884c\u52a8\u3002\u5e02\u573a\u666e\u904d\u62bc\u6ce86\u6708\u4f1a\u8bae\u5c06\u8fdb\u884c\u9996\u6b21\u964d\u606f\uff08\u964d\u4f4e\u653f\u7b56\u5229\u7387\uff0c\u901a\u5e38\u7528\u6765\u523a\u6fc0\u7ecf\u6d4e\u3001\u964d\u4f4e\u878d\u8d44\u6210\u672c\uff09\uff0c\u800c\u6b27\u6d32\u592e\u884c\u8fd1\u671f\u8868\u6001\u4e5f\u5f3a\u5316\u4e86\u8fd9\u79cd\u9884\u671f\u3002\u6700\u65b0\u6b27\u5143\u533a4\u6708\u901a\u80c0\u201c\u521d\u503c\u201d\uff08flash estimate\uff0c\u8f83\u65e9\u516c\u5e03\u7684\u521d\u6b65\u4f30\u7b97\u6570\u636e\uff09\u7ef4\u6301\u57282.4%\uff0c\u4ee4\u6b27\u6d32\u592e\u884c\u7f3a\u4e4f\u63a8\u8fdf\u884c\u52a8\u7684\u7406\u7531\u3002<\/p>\n<p>\u8fd9\u79cd\u53ef\u9884\u6d4b\u6027\u4ee4\u201c\u9690\u542b\u6ce2\u52a8\u7387\u201d\uff08implied volatility\uff0c\u671f\u6743\u4ef7\u683c\u53cd\u6620\u7684\u672a\u6765\u6ce2\u52a8\u9884\u671f\uff09\u7ef4\u6301\u4f4e\u4f4d\uff0cVSTOXX\u6307\u6570\uff08\u6b27\u5143\u533a\u84dd\u7b79\u80a1\u7684\u6ce2\u52a8\u7387\u6307\u6807\uff0c\u7c7b\u4f3c\u201c\u6b27\u6d32\u7248\u6050\u614c\u6307\u6570\u201d\uff09\u76ee\u524d\u572815\u9644\u8fd1\u3002\u6ce2\u52a8\u4f4e\u65f6\uff0c\u201c\u5356\u51fa\u671f\u6743\u6743\u5229\u91d1\u201d\uff08selling options premium\uff0c\u5356\u51fa\u671f\u6743\u6536\u53d6\u6743\u5229\u91d1\uff0c\u62bc\u6ce8\u4ef7\u683c\u4e0d\u4f1a\u5927\u5e45\u6ce2\u52a8\uff09\u66f4\u5177\u5438\u5f15\u529b\uff0c\u4f46\u4ecd\u9700\u7559\u610f\u5fb7\u56fd\u6216\u6cd5\u56fd\u82e5\u51fa\u73b0\u610f\u5916\u6570\u636e\uff0c\u53ef\u80fd\u6253\u7834\u5e73\u9759\u3002\u56de\u770b2024\u4e0e2025\u5e74\u7684\u5267\u70c8\u6ce2\u52a8\u53ef\u89c1\uff0c\u4e00\u65e6\u901a\u80c0\u504f\u79bb\u9884\u671f\uff0c\u5e02\u573a\u60c5\u7eea\u53ef\u80fd\u8fc5\u901f\u53cd\u8f6c\u3002<\/p>\n<p>\u5bf9\u610f\u5927\u5229\u4e3b\u6743\u503a\u76f8\u5173\u4ea4\u6613\u800c\u8a00\uff0c\u8fd9\u4efd\u62a5\u544a\u504f\u5411\u7a33\u5b9a\u5229\u597d\u3002\u201c\u5229\u5dee\u201d\uff08spread\uff0c\u4e24\u4e2a\u503a\u5238\u6536\u76ca\u7387\u4e4b\u5dee\uff09\u65b9\u9762\uff0c\u610f\u5927\u522910\u5e74\u671fBTP\uff08Buoni del Tesoro Poliennali\uff0c\u610f\u5927\u522910\u5e74\u671f\u56fd\u503a\uff09\u4e0e\u5fb7\u56fdBund\uff08\u5fb7\u56fd\u56fd\u503a\uff0c\u88ab\u89c6\u4e3a\u6b27\u5143\u533a\u4f4e\u98ce\u9669\u57fa\u51c6\uff09\u4e4b\u95f4\u7684\u5229\u5dee\u7ef4\u6301\u5728\u7ea6135\u4e2a\u57fa\u70b9\uff08basis points\uff0c1\u4e2a\u57fa\u70b9=0.01\u4e2a\u767e\u5206\u70b9\uff09\uff0c\u663e\u793a\u5e02\u573a\u4fe1\u5fc3\u4ecd\u5728\u3002\u8fd9\u610f\u5473\u7740\u672a\u6765\u51e0\u5468\u5728BTP\u671f\u8d27\uff08futures\uff0c\u4ee5\u672a\u6765\u4ef7\u683c\u4e70\u5356\u7684\u5408\u7ea6\uff09\u4e0a\u91c7\u7528\u201c\u533a\u95f4\u4ea4\u6613\u201d\uff08range-trading\uff0c\u5728\u4ef7\u683c\u533a\u95f4\u5185\u9ad8\u629b\u4f4e\u5438\uff09\u6216\u4ecd\u53ef\u884c\uff0c\u9664\u975e\u51fa\u73b0\u5916\u90e8\u51b2\u51fb\u3002<\/p>\n<h3>\u4e3a\u6b27\u6d32\u592e\u884c\u4e0b\u4e00\u9636\u6bb5\u5e03\u5c40<\/h3>\n<p>\u91cd\u70b9\u5728\u4e8e\uff1a\u4ea4\u6613\u73af\u5883\u5df2\u4ece\u201c\u8ffd\u9010\u901a\u80c0\u610f\u5916\u201d\u8f6c\u4e3a\u201c\u63d0\u524d\u5e03\u5c40\u660e\u786e\u7684\u653f\u7b56\u8f6c\u5411\u201d\u3002\u9996\u6b21\u964d\u606f\u51e0\u4e4e\u5df2\u6210\u5171\u8bc6\uff0c\u771f\u6b63\u7684\u673a\u4f1a\u53ef\u80fd\u5728\u201c\u884d\u751f\u54c1\u201d\uff08derivatives\uff0c\u4ef7\u503c\u6765\u81ea\u5229\u7387\u3001\u503a\u5238\u3001\u6307\u6570\u7b49\u6807\u7684\u7684\u91d1\u878d\u5de5\u5177\uff09\u4e0a\uff0c\u62bc\u6ce8\u5e74\u5185\u540e\u7eed\u964d\u606f\u7684\u901f\u5ea6\u4e0e\u5e45\u5ea6\u3002\u5e02\u573a\u5c06\u66f4\u5173\u6ce8\u9886\u5148\u7ecf\u6d4e\u6307\u6807\uff0c\u4f8b\u5982PMI\uff08\u91c7\u8d2d\u7ecf\u7406\u6307\u6570\uff0c\u53cd\u6620\u5236\u9020\u4e1a\u4e0e\u670d\u52a1\u4e1a\u666f\u6c14\u5ea6\u7684\u9886\u5148\u6307\u6807\uff09\uff0c\u4ee5\u5224\u65ad\u6b27\u6d32\u592e\u884c\u57282026\u5e74\u4e0b\u534a\u5e74\u9700\u8981\u591a\u5927\u529b\u5ea6\u8c03\u6574\u653f\u7b56\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u610f\u5927\u52293\u6708CPI\u73af\u6bd4\u53470.5%\u7b26\u9884\u671f\uff0c\u6b27\u5143\u533a\u901a\u80c0\u538b\u529b\u7eed\u7f13\u3002\u5e02\u573a\u6ce2\u52a8\u7387\u4f4e\u3001BTP-Bund\u5229\u5dee\u7a33\u7ea6135bp\uff0c\u7126\u70b9\u8f6c\u5411ECB 6\u6708\u9996\u964d\u606f\u4e0e\u540e\u7eed\u8282\u594f\u62bc\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-44823","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\/44823","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=44823"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/44823\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=44823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=44823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=44823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}