{"id":45978,"date":"2026-04-30T11:53:41","date_gmt":"2026-04-30T11:53:41","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e6%ac%a7%e5%85%83%e5%8c%ba%e5%b9%b4%e5%ba%a6%e8%b0%83%e5%92%8c%e9%80%9a%e8%83%80%e7%8e%87%e8%be%be3%ef%bc%8c%e9%ab%98%e4%ba%8e4%e6%9c%88%e9%a2%84%e6%b5%8b%e7%9a%842-9\/"},"modified":"2026-04-30T11:53:41","modified_gmt":"2026-04-30T11:53:41","slug":"%e6%ac%a7%e5%85%83%e5%8c%ba%e5%b9%b4%e5%ba%a6%e8%b0%83%e5%92%8c%e9%80%9a%e8%83%80%e7%8e%87%e8%be%be3%ef%bc%8c%e9%ab%98%e4%ba%8e4%e6%9c%88%e9%a2%84%e6%b5%8b%e7%9a%842-9","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e6%ac%a7%e5%85%83%e5%8c%ba%e5%b9%b4%e5%ba%a6%e8%b0%83%e5%92%8c%e9%80%9a%e8%83%80%e7%8e%87%e8%be%be3%ef%bc%8c%e9%ab%98%e4%ba%8e4%e6%9c%88%e9%a2%84%e6%b5%8b%e7%9a%842-9\/","title":{"rendered":"\u6b27\u5143\u533a\u5e74\u5ea6\u8c03\u548c\u901a\u80c0\u7387\u8fbe3%\uff0c\u9ad8\u4e8e4\u6708\u9884\u6d4b\u76842.9%"},"content":{"rendered":"

\u6b27\u5143\u533a\u534f\u8c03\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\uff08HICP\uff0c\u6b27\u76df\u7edf\u4e00\u53e3\u5f84\u7684\u901a\u80c0\u6307\u6807\uff0c\u65b9\u4fbf\u5404\u56fd\u53ef\u6bd4\uff094\u6708\u540c\u6bd4\u4e0a\u6da83%\u3002\u5e02\u573a\u9884\u6d4b\u4e3a2.9%\u3002<\/p>\n

4\u6708\u6570\u636e\u6bd4\u9884\u671f\u9ad80.1\u4e2a\u767e\u5206\u70b9\uff0c\u663e\u793a\u901a\u80c0\u7565\u9ad8\u4e8e\u539f\u5148\u4f30\u8ba1\u3002<\/p>\n

\u5bf9\u6b27\u6d32\u592e\u884c\u653f\u7b56\u7684\u5f71\u54cd<\/h3>\n

\u901a\u80c0\u9ad8\u4e8e\u9884\u671f\u3001\u8fbe\u52303%\uff0c\u8feb\u4f7f\u5e02\u573a\u91cd\u65b0\u8bc4\u4f30\u6b27\u6d32\u592e\u884c\uff08ECB\uff09\u7684\u653f\u7b56\u8def\u5f84\u3002\u5e02\u573a\u5f00\u59cb\u8d28\u7591\u4eca\u5e74\u590f\u5b63\u964d\u606f\uff08\u4e0b\u8c03\u653f\u7b56\u5229\u7387\uff0c\u901a\u5e38\u7528\u6765\u523a\u6fc0\u7ecf\u6d4e\uff09\u7684\u65f6\u95f4\u70b9\u4e0e\u529b\u5ea6\u3002\u8fd9\u7ec4\u610f\u5916\u6570\u636e\u6697\u793a\u6f5c\u5728\u7684\u4ef7\u683c\u538b\u529b\u4ecd\u7136\u987d\u56fa\u3002<\/p>\n

\u5bf9\u5229\u7387\u4ea4\u6613\u5458\u800c\u8a00\uff0c\u8fd9\u610f\u5473\u7740\u81f3\u5c11\u8981\u628a\u539f\u672c\u9884\u671f\u7684\u4e00\u6b212026\u5e74\u964d\u606f\u4ece\u4ef7\u683c\u91cc\u201c\u5254\u9664\u201d\uff08price out\uff1a\u5e02\u573a\u4e0d\u518d\u628a\u8be5\u4e8b\u4ef6\u8ba1\u5165\u8d44\u4ea7\u4ef7\u683c\uff09\u3002\u9694\u591c\u6307\u6570\u6389\u671f\uff08OIS\uff0c\u7528\u4e8e\u62bc\u6ce8\/\u5b9a\u4ef7\u672a\u6765\u653f\u7b56\u5229\u7387\u7684\u5229\u7387\u884d\u751f\u54c1\uff09\u8fc5\u901f\u8c03\u6574\uff0c\u76ee\u524d\u5e02\u573a\u53ea\u8ba1\u5165\u4eca\u5e74\u5269\u4f59\u65f6\u95f4\u7ea640\u4e2a\u57fa\u70b9\uff08bp\uff0c\u57fa\u70b9\uff1b1bp=0.01\u4e2a\u767e\u5206\u70b9\uff09\u7684\u964d\u606f\uff0c\u4f4e\u4e8e\u6628\u5929\u65e9\u4e0a\u7ea675\u4e2a\u57fa\u70b9\u3002\u9884\u8ba1\u4e0eEuribor\uff08\u6b27\u5143\u540c\u4e1a\u62c6\u501f\u53c2\u8003\u5229\u7387\uff0c\u5e38\u7528\u6765\u5b9a\u4ef7\u8d37\u6b3e\u4e0e\u5229\u7387\u4ea7\u54c1\uff09\u6302\u94a9\u7684\u671f\u8d27\u5408\u7ea6\u5c06\u8d70\u5f31\uff0c\u56e0\u4e3a\u6536\u76ca\u7387\uff08\u503a\u5238\u6216\u5229\u7387\u4ea7\u54c1\u7684\u56de\u62a5\u7387\uff09\u968f\u4e4b\u4e0a\u884c\u3002<\/p>\n

\u8fd9\u5bf9\u6b27\u5143\u504f\u5229\u597d\uff0c\u4e3a\u5916\u6c47\u884d\u751f\u54c1\uff08\u7528\u671f\u6743\u3001\u8fdc\u671f\u7b49\u5de5\u5177\u4ea4\u6613\u6c47\u7387\u53d8\u52a8\uff09\u5e26\u6765\u673a\u4f1a\u3002EUR\/USD\u5df2\u7a81\u7834\u5173\u952e\u76841.08\u6c34\u5e73\uff1b\u671f\u6743\u5e02\u573a\u4e5f\u663e\u793a\u66f4\u504f\u5411\u6b27\u5143\u7ee7\u7eed\u8d70\u5f3a\uff1a\u4e00\u4e2a\u6708\u671f\u98ce\u9669\u9006\u8f6c\uff08risk reversal\uff0c\u7528\u770b\u6da8\u671f\u6743\u4e0e\u770b\u8dcc\u671f\u6743\u7684\u9690\u542b\u6ce2\u52a8\u7387\u5dee\uff0c\u8861\u91cf\u5e02\u573a\u504f\u591a\/\u504f\u7a7a\uff09\u8fbe\u5230\u672c\u5b63\u5ea6\u6b27\u5143\u770b\u6da8\u671f\u6743\uff08euro calls\uff09\u6ea2\u4ef7\u6700\u9ad8\u3002\u6211\u4eec\u8ba4\u4e3a\uff0c\u505a\u591a\u6b27\u5143\u3001\u5bf9\u51b2\u66f4\u504f\u9e3d\u6d3e\u7684\u592e\u884c\u8d27\u5e01\uff08dovish\uff1a\u66f4\u503e\u5411\u964d\u606f\/\u5bbd\u677e\uff09\uff0c\u4f8b\u5982\u65e5\u5143\uff0c\u53ef\u80fd\u66f4\u6709\u5229\u3002<\/p>\n

\u5728\u80a1\u7968\u5e02\u573a\uff0c\u201c\u5229\u7387\u66f4\u9ad8\u3001\u7ef4\u6301\u66f4\u4e45\u201d\uff08higher-for-longer\uff1a\u5229\u7387\u4e0b\u4e0d\u6765\u6216\u964d\u5f97\u66f4\u6162\uff09\u7684\u9884\u671f\u53ef\u80fd\u538b\u5236\u6b27\u6d32\u80a1\u6307\u30022024\u5e74\u4e0b\u534a\u5e74\u4e5f\u51fa\u73b0\u8fc7\u7c7b\u4f3c\u60c5\u51b5\uff1a\u901a\u80c0\u9ecf\u6027\uff08sticky inflation\uff1a\u901a\u80c0\u4e0d\u6613\u56de\u843d\uff09\u5bfc\u81f4\u964d\u606f\u63a8\u8fdf\uff0cEURO STOXX 50\u6307\u6570\u56de\u64a4\u7ea67%\u3002\u4ea4\u6613\u5458\u53ef\u8003\u8651\u4e70\u5165\u4e3b\u8981\u80a1\u6307\u7684\u770b\u8dcc\u671f\u6743\uff08put options\uff1a\u4e0b\u8dcc\u65f6\u83b7\u5229\u6216\u7528\u4e8e\u4fdd\u9669\uff09\u4e3a\u591a\u5934\u4ed3\u4f4d\u5bf9\u51b2\uff0c\u6216\u62bc\u6ce8\u77ed\u671f\u56de\u8c03\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u6b27\u5143\u533a4\u6708HICP\u540c\u6bd43%\u8d85\u9884\u671f\uff0c\u901a\u80c0\u66f4\u9ecf\u8feb\u4f7f\u5e02\u573a\u4e0b\u8c03\u964d\u606f\u62bc\u6ce8\uff1a\u4eca\u5e74\u4ec5\u8ba1\u5165\u7ea640bp\u3002\u6b27\u5143\u8d70\u5f3a\u78341.08\uff0c\u80a1\u5e02\u6216\u627f\u538b\uff0c\u671f\u6743\u5bf9\u51b2\u673a\u4f1a\u6d6e\u73b0\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-45978","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\/45978","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=45978"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/45978\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=45978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=45978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=45978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}