{"id":45977,"date":"2026-04-30T11:26:37","date_gmt":"2026-04-30T11:26:37","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/3%e6%9c%88%ef%bc%8c%e5%b8%8c%e8%85%8a%e5%b9%b4%e5%ba%a6%e7%94%9f%e4%ba%a7%e8%80%85%e4%bb%b7%e6%a0%bc%e4%b8%8a%e6%b6%a88-3%ef%bc%8c%e6%89%ad%e8%bd%ac%e6%ad%a4%e5%89%8d1-7%e7%9a%84%e8%b7%8c%e5%8a%bf\/"},"modified":"2026-04-30T11:26:37","modified_gmt":"2026-04-30T11:26:37","slug":"3%e6%9c%88%ef%bc%8c%e5%b8%8c%e8%85%8a%e5%b9%b4%e5%ba%a6%e7%94%9f%e4%ba%a7%e8%80%85%e4%bb%b7%e6%a0%bc%e4%b8%8a%e6%b6%a88-3%ef%bc%8c%e6%89%ad%e8%bd%ac%e6%ad%a4%e5%89%8d1-7%e7%9a%84%e8%b7%8c%e5%8a%bf","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/3%e6%9c%88%ef%bc%8c%e5%b8%8c%e8%85%8a%e5%b9%b4%e5%ba%a6%e7%94%9f%e4%ba%a7%e8%80%85%e4%bb%b7%e6%a0%bc%e4%b8%8a%e6%b6%a88-3%ef%bc%8c%e6%89%ad%e8%bd%ac%e6%ad%a4%e5%89%8d1-7%e7%9a%84%e8%b7%8c%e5%8a%bf\/","title":{"rendered":"3\u6708\uff0c\u5e0c\u814a\u5e74\u5ea6\u751f\u4ea7\u8005\u4ef7\u683c\u4e0a\u6da88.3%\uff0c\u626d\u8f6c\u6b64\u524d1.7%\u7684\u8dcc\u52bf"},"content":{"rendered":"

\u5e0c\u814a3\u6708\u751f\u4ea7\u8005\u7269\u4ef7\u6307\u6570\uff08PPI\uff0c\u8861\u91cf\u5de5\u5382\u51fa\u5382\u4ef7\u683c\u7684\u6307\u6807\uff09\u6309\u5e74\u4e0a\u6da88.3%\uff0c\u524d\u503c\u4e3a\u4e0b\u8dcc1.7%\u3002<\/p>\n

\u6570\u636e\u663e\u793a\uff0c\u751f\u4ea7\u7aef\u4ef7\u683c\u4ece\u201c\u6309\u5e74\u4e0b\u8dcc\u201d\u8f6c\u4e3a\u201c\u6309\u5e74\u4e0a\u6da8\u201d\u3002\u4e24\u6b21\u8bfb\u6570\u5dee\u8ddd\u4e3a10.0\u4e2a\u767e\u5206\u70b9\u3002<\/p>\n

\u5e0c\u814a\u751f\u4ea7\u8005\u4ef7\u683c\u663e\u793a\u901a\u80c0\u518d\u8d77<\/h3>\n

\u5e0c\u814a\u751f\u4ea7\u8005\u4ef7\u683c\u4ece\u6309\u5e74-1.7%\u7a81\u7136\u8df3\u5347\u81f3\u6309\u5e748.3%\uff0c\u5bf9\u6b27\u5143\u533a\u800c\u8a00\u662f\u660e\u663e\u7684\u901a\u80c0\u4fe1\u53f7\uff08\u901a\u80c0=\u6574\u4f53\u7269\u4ef7\u6301\u7eed\u4e0a\u6da8\uff09\u3002\u8fd9\u9879\u6570\u636e\u524a\u5f31\u201c\u4ef7\u683c\u538b\u529b\u5df2\u53d7\u63a7\u201d\u7684\u8bf4\u6cd5\uff0c\u5e76\u7acb\u5373\u7ed9\u6b27\u6d32\u592e\u884c\uff08ECB\uff0c\u6b27\u5143\u533a\u4e2d\u592e\u94f6\u884c\uff09\u5e26\u6765\u538b\u529b\u3002\u5bf9\u4ea4\u6613\u8005\u6765\u8bf4\uff0c\u672a\u6765\u964d\u606f\uff08\u4e0b\u8c03\u5229\u7387\uff09\u7684\u7a7a\u95f4\u53ef\u80fd\u53d8\u5c0f\u3002<\/p>\n

\u8fd9\u6b21\u4e0a\u5347\u4e0e2025\u5e74\u5927\u90e8\u5206\u65f6\u95f4\u7684\u201c\u901a\u80c0\u964d\u6e29\u201d\uff08\u7269\u4ef7\u6da8\u5e45\u653e\u6162\uff09\u5f62\u6210\u53cd\u8f6c\u3002\u5f53\u65f6\u6b27\u592e\u884c\u57282025\u5e74\u4e0b\u534a\u5e74\u4e24\u5ea6\u964d\u606f\uff0c\u56e0\u4e3a\u6b27\u5143\u533a\u901a\u80c0\u770b\u4f3c\u53d7\u63a7\u3002\u5982\u4eca\u8fd9\u8f6e\u5bbd\u677e\uff08\u653e\u677e\u8d27\u5e01\u653f\u7b56\u3001\u964d\u4f4e\u5229\u7387\u4ee5\u523a\u6fc0\u7ecf\u6d4e\uff09\u662f\u5426\u8fd8\u80fd\u6301\u7eed\uff0c\u53d7\u5230\u65b0\u6570\u636e\u6311\u6218\u3002<\/p>\n

\u5e0c\u814a\u7edf\u8ba1\u5c40\u7684\u8be6\u7ec6\u62a5\u544a\u6307\u51fa\uff0c\u672c\u6b21\u4e0a\u5347\u4e3b\u8981\u7531\u80fd\u6e90\u6210\u672c\u4e0a\u6da822%\u63a8\u52a8\uff0c\u8fd9\u4e0e\u5e03\u4f26\u7279\u539f\u6cb9\uff08Brent\uff0c\u5168\u7403\u5e38\u7528\u539f\u6cb9\u57fa\u51c6\u4ef7\u683c\uff09\u57282026\u5e744\u6708\u5347\u81f3\u6bcf\u687698\u7f8e\u5143\u4ee5\u4e0a\u4e00\u81f4\u3002\u8fd9\u5e76\u975e\u5355\u4e00\u73b0\u8c61\uff0c\u897f\u73ed\u7259\u4e0e\u610f\u5927\u5229\u5728\u4e0a\u4e00\u5b63\u5ea6\u4e5f\u516c\u5e03\u9ad8\u4e8e\u9884\u671f\u7684\u751f\u4ea7\u7aef\u901a\u80c0\u3002\u5e02\u573a\u663e\u7136\u4f4e\u4f30\u4e86\u4f9b\u7ed9\u7aef\u4ef7\u683c\u538b\u529b\uff08\u4f9b\u5e94\u94fe\u4e0e\u539f\u6750\u6599\u6210\u672c\u63a8\u5347\u4ef7\u683c\uff09\u7684\u56de\u5f52\u3002<\/p>\n

\u5728\u8fd9\u9879\u610f\u5916\u6570\u636e\u51b2\u51fb\u4e0b\uff0c\u672a\u6765\u6570\u5468\u5e02\u573a\u6ce2\u52a8\uff08\u4ef7\u683c\u4e0a\u4e0b\u5927\u5e45\u8d77\u843d\uff09\u53ef\u80fd\u52a0\u5267\u3002\u53ef\u8003\u8651\u4e70\u5165VSTOXX\u6307\u6570\u770b\u6da8\u671f\u6743\uff08call option\uff0c\u770b\u6da8\u671f\u6743=\u652f\u4ed8\u6743\u5229\u91d1\u540e\uff0c\u672a\u6765\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u4e70\u5165\u7684\u6743\u5229\uff1bVSTOXX=\u6b27\u6d32\u4e3b\u8981\u6ce2\u52a8\u7387\u6307\u6807\uff0c\u53cd\u6620\u5e02\u573a\u5bf9\u672a\u6765\u6ce2\u52a8\u7684\u9884\u671f\uff09\u3002\u8be5\u6307\u6570\u76ee\u524d\u63a5\u8fd152\u5468\u4f4e\u4f4d13.8\u3002\u610f\u5916\u901a\u80c0\u6570\u636e\u53ef\u80fd\u89e6\u53d1\u98ce\u9669\u91cd\u65b0\u5b9a\u4ef7\uff08\u5e02\u573a\u5feb\u901f\u91cd\u4f30\u8d44\u4ea7\u4ef7\u683c\u4e0e\u98ce\u9669\uff09\u3002<\/p>\n

\u4e3a\u66f4\u201c\u9e70\u6d3e\u201d\u7684\u6b27\u592e\u884c\u5e03\u5c40<\/h3>\n

\u4e5f\u5e94\u8c03\u6574\u5229\u7387\u884d\u751f\u54c1\uff08\u884d\u751f\u54c1=\u4ef7\u503c\u6765\u81ea\u5229\u7387\u7b49\u57fa\u7840\u8d44\u4ea7\u7684\u5408\u7ea6\uff09\u4ed3\u4f4d\uff0c\u56e0\u4e3a\u5e02\u573a\u53ef\u80fd\u91cd\u65b0\u8ba1\u5165\u66f4\u9e70\u6d3e\u7684\u6b27\u592e\u884c\u7acb\u573a\uff08\u9e70\u6d3e=\u66f4\u503e\u5411\u5347\u606f\u6216\u7ef4\u6301\u9ad8\u5229\u7387\u4ee5\u538b\u5236\u901a\u80c0\uff09\u3002\u53ef\u901a\u8fc7EURIBOR\u671f\u8d27\u671f\u6743\uff08EURIBOR=\u6b27\u5143\u533a\u94f6\u884c\u540c\u4e1a\u62c6\u501f\u53c2\u8003\u5229\u7387\uff1b\u671f\u8d27=\u7ea6\u5b9a\u672a\u6765\u4ef7\u683c\u4ea4\u6613\u7684\u5408\u7ea6\uff1b\u671f\u6743=\u4e70\u5356\u7684\u6743\u5229\u800c\u975e\u4e49\u52a1\uff09\u62bc\u6ce8\u52302026\u5e74\u672b\u77ed\u671f\u5229\u7387\u66f4\u9ad8\u3002\u56e0\u6b64\uff0c\u8be5\u524d\u666f\u5bf9\u80a1\u5e02\u504f\u8d1f\u9762\uff0c\u53ef\u8003\u8651\u4e70\u5165\u96c5\u5178\u8bc1\u5238\u4ea4\u6613\u6240\u7efc\u5408\u6307\u6570\u7684\u770b\u8dcc\u671f\u6743\uff08put option\uff0c\u770b\u8dcc\u671f\u6743=\u672a\u6765\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u5356\u51fa\u7684\u6743\u5229\uff09\u4f5c\u4e3a\u5bf9\u51b2\uff08hedge\uff0c\u7528\u6765\u964d\u4f4e\u4e0b\u8dcc\u98ce\u9669\uff09\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u5e0c\u814a3\u6708PPI\u6309\u5e74\u66b4\u51b28.3%\uff0c\u4ece-1.7%\u9006\u8f6c\uff0c\u80fd\u6e90\u6210\u672c\u98d922%\u6210\u4e3b\u56e0\uff0c\u901a\u80c0\u8b66\u62a5\u518d\u54cd\u3002\u6b27\u592e\u884c\u964d\u606f\u7a7a\u95f4\u6050\u6536\u7a84\uff0c\u6b27\u80a1\u4e0e\u5229\u7387\u6ce2\u52a8\u6216\u5347\u6e29\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-45977","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\/45977","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=45977"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/45977\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=45977"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=45977"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=45977"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}