{"id":45786,"date":"2026-04-28T21:53:44","date_gmt":"2026-04-28T21:53:44","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e6%b3%95%e5%9b%bd%e5%85%b4%e4%b8%9a%e9%93%b6%e8%a1%8c%e5%88%86%e6%9e%90%e5%b8%88%e7%a7%b0%ef%bc%8c%e5%b8%83%e4%bc%a6%e7%89%b9%e6%b2%b9%e4%bb%b7%e5%8d%87%e7%a0%b4110%e7%be%8e%e5%85%83%e5%b0%86\/"},"modified":"2026-04-28T21:53:44","modified_gmt":"2026-04-28T21:53:44","slug":"%e6%b3%95%e5%9b%bd%e5%85%b4%e4%b8%9a%e9%93%b6%e8%a1%8c%e5%88%86%e6%9e%90%e5%b8%88%e7%a7%b0%ef%bc%8c%e5%b8%83%e4%bc%a6%e7%89%b9%e6%b2%b9%e4%bb%b7%e5%8d%87%e7%a0%b4110%e7%be%8e%e5%85%83%e5%b0%86","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e6%b3%95%e5%9b%bd%e5%85%b4%e4%b8%9a%e9%93%b6%e8%a1%8c%e5%88%86%e6%9e%90%e5%b8%88%e7%a7%b0%ef%bc%8c%e5%b8%83%e4%bc%a6%e7%89%b9%e6%b2%b9%e4%bb%b7%e5%8d%87%e7%a0%b4110%e7%be%8e%e5%85%83%e5%b0%86\/","title":{"rendered":"\u6cd5\u56fd\u5174\u4e1a\u94f6\u884c\u5206\u6790\u5e08\u79f0\uff0c\u5e03\u4f26\u7279\u6cb9\u4ef7\u5347\u7834110\u7f8e\u5143\u5c06\u63d0\u632f\u7f8e\u5143\u4e0e\u503a\u5238\u6536\u76ca\u7387\uff1b\u4f0a\u6717\u8c08\u5224\u65e8\u5728\u6062\u590d\u73b0\u72b6"},"content":{"rendered":"

\u5e03\u4f26\u7279\u539f\u6cb9\u5347\u7834\u6bcf\u6876110\u7f8e\u5143\uff0c\u4ea4\u6613\u5728\u7ea6111\u7f8e\u5143\u3002\u6709\u5173\u4f0a\u6717\u7684\u8c08\u5224\u88ab\u5f62\u5bb9\u4e3a\u5e0c\u671b\u6062\u590d\u539f\u72b6\uff0c\u5e76\u8ba9\u970d\u5c14\u6728\u5179\u6d77\u5ce1\uff08Strait of Hormuz\uff0c\u91cd\u8981\u77f3\u6cb9\u8fd0\u8f93\u822a\u9053\uff09\u5728\u4e0d\u8bbe\u9650\u5236\u6216\u901a\u884c\u8d39\u7684\u60c5\u51b5\u4e0b\u91cd\u65b0\u5f00\u653e\u3002<\/p>\n

\u5e03\u4f26\u7279\u56de\u5230108\u7f8e\u5143\u4ee5\u4e0a\u540e\uff0c\u8fdb\u4e00\u6b65\u7a81\u7834110\u7f8e\u5143\u3002\u6cb9\u4ef7\u8d70\u9ad8\u4e0e\u7f8e\u5143\u8d70\u5f3a\u53ca\u503a\u5238\u6536\u76ca\u7387\u4e0a\u5347\u6709\u5173\u3002\u7f8e\u5143\u8d70\u5f3a\u662f\u6307\u7f8e\u5143\u6c47\u7387\u4e0a\u5347\uff1b\u503a\u5238\u6536\u76ca\u7387\u662f\u6301\u6709\u503a\u5238\u53ef\u83b7\u5f97\u7684\u5e74\u5316\u56de\u62a5\u7387\uff0c\u6536\u76ca\u7387\u4e0a\u5347\u901a\u5e38\u610f\u5473\u7740\u503a\u5238\u4ef7\u683c\u4e0b\u8dcc\u3002<\/p>\n

Market Drivers And Geopolitical Risk<\/h3>\n

\u53e6\u4e00\u4efd\u8bf4\u660e\u79f0\uff0c\u7279\u6717\u666e\u603b\u7edf\u5728\u4e0e\u56fd\u5bb6\u5b89\u5168\u5b98\u5458\u4f1a\u9762\u540e\uff0c\u4e0d\u592a\u53ef\u80fd\u63a5\u53d7\u4f0a\u6717\u63d0\u51fa\u7684\u7ed3\u675f\u51b2\u7a81\u65b9\u6848\u3002\u62a5\u544a\u4e5f\u63d0\u5230\u8f83\u65e9\u65f6\u6bb5\u7684\u4ea4\u6613\uff1a\u5c3d\u7ba1\u5e03\u4f26\u7279\u56de\u5230108\u7f8e\u5143\u4e0a\u65b9\uff0c\u4f46\u7f8e\u5143\u5bf9G10\u8d27\u5e01\uff08\u5341\u79cd\u4e3b\u8981\u53d1\u8fbe\u5e02\u573a\u8d27\u5e01\uff0c\u5982\u6b27\u5143\u3001\u65e5\u5706\u3001\u82f1\u9551\u7b49\uff09\u8d70\u5f31\u3002<\/p>\n

\u6587\u7ae0\u6307\u51fa\uff0c\u82e5\u6cb9\u4ef7\u7ee7\u7eed\u4e0a\u6da8\u5e76\u521b\u4e0b\u65b0\u9ad8\uff0c\u53ef\u80fd\u5f15\u53d1\u98ce\u9669\u8d44\u4ea7\uff08risk assets\uff0c\u6307\u80a1\u7968\u3001\u9ad8\u6536\u76ca\u503a\u7b49\u4ef7\u683c\u6ce2\u52a8\u8f83\u5927\u8d44\u4ea7\uff09\u83b7\u5229\u4e86\u7ed3\uff0c\u4ece\u800c\u524a\u5f31\u80a1\u5e02\u52a8\u80fd\uff08\u6307\u80a1\u4ef7\u6301\u7eed\u4e0a\u6da8\u7684\u529b\u91cf\uff09\u3002\u6587\u4e2d\u4e5f\u5047\u8bbe\u6cb9\u4ef7\u5728\u9884\u6d4b\u671f\u7ed3\u675f\u524d\u56de\u843d\u81f3\u6bcf\u687670\u81f380\u7f8e\u5143\u3002<\/p>\n

\u6211\u4eec\u770b\u5230\u4e00\u4e2a\u719f\u6089\u7684\u8d70\u52bf\uff1a\u5e03\u4f26\u7279\u539f\u6cb9\u903c\u8fd1\u6bcf\u687694\u7f8e\u5143\uff0c\u8ba9\u4eba\u60f3\u8d772025\u5e74\u66fe\u51b2\u4e0a110\u7f8e\u5143\u4ee5\u4e0a\u7684\u98d9\u5347\u3002\u6cb9\u4ef7\u518d\u5ea6\u8d70\u9ad8\u4e5f\u652f\u6491\u7f8e\u5143\uff0c\u7f8e\u5143\u6307\u6570DXY\uff08\u8861\u91cf\u7f8e\u5143\u5bf9\u4e00\u7bee\u5b50\u4e3b\u8981\u8d27\u5e01\u7684\u6c47\u7387\u6307\u6807\uff09\u5347\u81f3105.5\u7684\u6570\u4e2a\u6708\u9ad8\u4f4d\u3002\u5bf9\u4ea4\u6613\u5458\u800c\u8a00\uff0c\u8fd9\u610f\u5473\u7740\u5bf9\u98ce\u9669\u8d44\u4ea7\u9700\u8981\u66f4\u8c28\u614e\uff0c\u56e0\u4e3a\u6cb9\u4ef7\u82e5\u518d\u4e0a\u884c\uff0c\u5bb9\u6613\u89e6\u53d1\u629b\u552e\u3002<\/p>\n

Hedging And Positioning Ideas<\/h3>\n

\u6cb9\u4ef7\u4e0a\u5347\u6b63\u76f4\u63a5\u63a8\u9ad8\u503a\u5238\u6536\u76ca\u7387\uff0c10\u5e74\u671f\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\uff0810-year Treasury yield\uff0c\u7f8e\u56fd\u653f\u5e9c10\u5e74\u671f\u501f\u6b3e\u6210\u672c\u7684\u5e02\u573a\u6307\u6807\uff09\u76ee\u524d\u5728\u7ea64.5%\uff0c\u672c\u6708\u7d2f\u8ba1\u4e0a\u534730\u4e2a\u57fa\u70b9\uff08basis point\uff0c1\u4e2a\u57fa\u70b9=0.01\u4e2a\u767e\u5206\u70b9\uff0c\u537330\u4e2a\u57fa\u70b9=0.30\u4e2a\u767e\u5206\u70b9\uff09\u3002\u4e0e2025\u5e74\u7c7b\u4f3c\uff0c\u80fd\u6e90\u4ef7\u683c\u957f\u671f\u504f\u9ad8\u4f1a\u50cf\u5bf9\u7ecf\u6d4e\u5f81\u7a0e\u4e00\u6837\u62ac\u9ad8\u6210\u672c\uff0c\u5e76\u53ef\u80fd\u62d6\u6162\u80a1\u5e02\u52a8\u80fd\u3002\u6807\u666e500\u6307\u6570\u5df2\u663e\u9732\u75b2\u6001\uff0c\u4ece\u8fd1\u671f\u9ad8\u70b9\u56de\u843d2%\u3002<\/p>\n

\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u8f83\u5408\u7406\u7684\u505a\u6cd5\u662f\u4e3a\u80a1\u7968\u4ed3\u4f4d\u4e70\u4fdd\u62a4\uff08\u5bf9\u51b2\uff0chedge\uff0c\u7528\u6765\u964d\u4f4e\u6f5c\u5728\u4e8f\u635f\uff09\u3002\u4f8b\u5982\u4e70\u5165VIX\u770b\u6da8\u671f\u6743\uff08VIX call options\uff0c\u62bc\u6ce8\u201c\u6050\u614c\u6307\u6570\u201d\u4e0a\u5347\uff1bVIX\u53cd\u6620\u5e02\u573a\u5bf9\u672a\u6765\u6ce2\u52a8\u7684\u9884\u671f\uff09\u6216\u4e70\u5165\u4e3b\u8981\u6307\u6570ETF\uff08\u5982SPY\uff09\u7684\u4ef7\u5916\u770b\u8dcc\u671f\u6743\uff08out-of-the-money puts\uff0c\u6267\u884c\u4ef7\u4f4e\u4e8e\u73b0\u4ef7\u7684\u770b\u8dcc\u671f\u6743\uff0c\u6210\u672c\u8f83\u4f4e\u4f46\u9700\u8981\u8f83\u5927\u4e0b\u8dcc\u624d\u83b7\u5229\uff09\uff0c\u7528\u8f83\u4f4e\u6210\u672c\u5bf9\u51b2\u8fdb\u4e00\u6b65\u7684\u83b7\u5229\u4e86\u7ed3\u98ce\u9669\u3002\u8fd9\u7b49\u4e8e\u62bc\u6ce8\uff1a\u5982\u679c\u6cb9\u4ef7\u51b2\u51fb\u65b0\u9ad8\uff0c\u80a1\u5e02\u6ce2\u52a8\u7387\uff08volatility\uff0c\u4ef7\u683c\u4e0a\u4e0b\u6ce2\u52a8\u5e45\u5ea6\uff09\u4f1a\u4e0a\u5347\u3002<\/p>\n

\u4e5f\u53ef\u8003\u8651\u53d7\u76ca\u4e8e\u7f8e\u5143\u8d70\u5f3a\u7684\u7b56\u7565\uff0c\u56e0\u4e3a\u5728\u6cb9\u4ef7\u5e26\u6765\u4e0d\u786e\u5b9a\u6027\u65f6\uff0c\u7f8e\u5143\u5f80\u5f80\u8d70\u9ad8\u3002\u53ef\u5bf9\u5546\u54c1\u8d27\u5e01\uff08commodity-linked currencies\uff0c\u7ecf\u6d4e\u4e0e\u5927\u5b97\u5546\u54c1\u51fa\u53e3\u76f8\u5173\u3001\u6613\u53d7\u5546\u54c1\u4ef7\u683c\u5f71\u54cd\u7684\u8d27\u5e01\uff09\u5982\u6fb3\u5143\u6216\u52a0\u5143\uff0c\u4e70\u5165\u7f8e\u5143\u770b\u6da8\u671f\u6743\uff08USD call options\uff0c\u62bc\u6ce8\u7f8e\u5143\u5347\u503c\uff09\uff0c\u4ee5\u628a\u63e1\u8fd9\u79cd\u5173\u8054\u30022025\u5e74\u4f0a\u6717\u7d27\u5f20\u5c40\u52bf\u671f\u95f4\uff0c\u7f8e\u5143\u660e\u663e\u8d70\u5f3a\uff0c\u76f8\u5173\u6027\u4e00\u5ea6\u5f88\u6e05\u695a\u3002<\/p>\n

\u9700\u8981\u8bb0\u4f4f\u7684\u662f\uff0c\u8fc7\u53bb\u5c40\u52bf\u53cd\u8f6c\u5f88\u5feb\uff0c\u6cb9\u4ef7\u57282025\u5e74\u7a0d\u540e\u6700\u7ec8\u56de\u843d\u5230\u7ea675\u7f8e\u5143\u533a\u95f4\u3002\u8fd9\u610f\u5473\u7740\u77ed\u671f\u770b\u591a\u6cb9\u4ef7\u4ecd\u6709\u7406\u7531\uff0c\u4f46\u540c\u65f6\u5efa\u7acb\u66f4\u957f\u671f\u7684\u770b\u8dcc\u4ed3\u4f4d\u4e5f\u8f83\u7a33\u59a5\uff0c\u4f8b\u5982\u4e70\u5165\u7b2c\u56db\u5b63\u5ea6\u539f\u6cb9\u671f\u8d27\u770b\u8dcc\u671f\u6743\uff08crude oil futures puts\uff0c\u901a\u8fc7\u671f\u8d27\u7684\u671f\u6743\u62bc\u6ce8\u6cb9\u4ef7\u4e0b\u8dcc\uff09\u3002\u8fd9\u53ef\u4e3a\u6f5c\u5728\u7684\u4f9b\u5e94\u95ee\u9898\u7f13\u89e3\u505a\u51c6\u5907\uff0c\u7c7b\u4f3c\u4e0a\u4e00\u8f6e\u5468\u671f\u7684\u8d70\u52bf\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5e03\u4f26\u7279\u6cb9\u4ef7\u51b2\u7834110\u7f8e\u5143\u3001\u7ea6111\u7f8e\u5143\uff0c\u4f0a\u6717\u8c08\u5224\u4e0e\u970d\u5c14\u6728\u5179\u98ce\u9669\u63a8\u5347\u907f\u9669\uff1b\u7f8e\u5143\u4e0e\u7f8e\u503a\u6536\u76ca\u7387\u8d70\u9ad8\u538b\u6291\u80a1\u5e02\u52a8\u80fd\u3002\u5bf9\u51b2\u5efa\u8bae\uff1aVIX\/\u6307\u6570\u770b\u8dcc\u3001\u505a\u591a\u7f8e\u5143\uff0c\u5e76\u5e03\u5c40\u66f4\u957f\u671f\u539f\u6cb9\u770b\u8dcc\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-45786","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\/45786","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=45786"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/45786\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=45786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=45786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=45786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}