{"id":46112,"date":"2026-05-01T20:26:16","date_gmt":"2026-05-01T20:26:16","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/4%e6%9c%88%e7%be%8e%e5%9b%bdism%e5%88%b6%e9%80%a0%e4%b8%9a%e6%96%b0%e8%ae%a2%e5%8d%95%e6%8c%87%e6%95%b0%e4%bb%8e53-5%e5%8d%87%e8%87%b354-1\/"},"modified":"2026-05-01T20:26:16","modified_gmt":"2026-05-01T20:26:16","slug":"4%e6%9c%88%e7%be%8e%e5%9b%bdism%e5%88%b6%e9%80%a0%e4%b8%9a%e6%96%b0%e8%ae%a2%e5%8d%95%e6%8c%87%e6%95%b0%e4%bb%8e53-5%e5%8d%87%e8%87%b354-1","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/4%e6%9c%88%e7%be%8e%e5%9b%bdism%e5%88%b6%e9%80%a0%e4%b8%9a%e6%96%b0%e8%ae%a2%e5%8d%95%e6%8c%87%e6%95%b0%e4%bb%8e53-5%e5%8d%87%e8%87%b354-1\/","title":{"rendered":"4\u6708\u7f8e\u56fdISM\u5236\u9020\u4e1a\u65b0\u8ba2\u5355\u6307\u6570\u4ece53.5\u5347\u81f354.1"},"content":{"rendered":"

\u7f8e\u56fdISM\u5236\u9020\u4e1a\u65b0\u8ba2\u5355\u6307\u6570\uff08\u8861\u91cf\u5236\u9020\u4e1a\u65b0\u8ba2\u5355\u5f3a\u5f31\u7684\u6307\u6807\uff094\u6708\u5347\u81f354.1\uff0c\u524d\u503c\u4e3a53.5\u3002<\/p>\n

\u65b0\u8ba2\u5355\u6570\u636e\u5f3a\u4e8e\u9884\u671f\uff0c\u663e\u793a\u7ecf\u6d4e\u4ecd\u5177\u97e7\u6027\uff08\u5728\u9ad8\u5229\u7387\u4e0b\u4ecd\u80fd\u7ef4\u6301\u589e\u957f\uff09\u3002\u8fd9\u4efd\u62a5\u544a\u5bf9\u5e02\u573a\u5148\u524d\u62bc\u6ce8\u201c\u7f8e\u8054\u50a8\uff08\u7f8e\u56fd\u4e2d\u592e\u94f6\u884c\uff09\u4eca\u5e74\u7a0d\u540e\u964d\u606f\u201d\u7684\u5b9a\u4ef7\u5f62\u6210\u6311\u6218\u3002\u77ed\u671f\u5185\uff0c\u884d\u751f\u54c1\uff08\u5982\u671f\u6743\u3001\u671f\u8d27\u7b49\u5408\u7ea6\uff09\u4ed3\u4f4d\u53ef\u80fd\u66f4\u503e\u5411\u62bc\u6ce8\u7f8e\u8054\u50a8\u7acb\u573a\u66f4\u9e70\u6d3e\uff08\u504f\u5411\u7ee7\u7eed\u7ef4\u6301\u6216\u63d0\u9ad8\u5229\u7387\uff09\u3002<\/p>\n

Bond Yields And Rate Expectations<\/h3>\n

\u201c\u5229\u7387\u7ef4\u6301\u66f4\u4e45\u66f4\u9ad8\u201d\uff08higher-for-longer\uff0c\u6307\u9ad8\u5229\u7387\u7ef4\u6301\u8f83\u957f\u65f6\u95f4\uff09\u7684\u6982\u7387\u4e0a\u5347\uff0c\u53ef\u80fd\u538b\u4f4e\u503a\u5238\u4ef7\u683c\uff08\u503a\u4ef7\u4e0e\u6536\u76ca\u7387\u4e00\u822c\u53cd\u5411\uff09\u3002\u6211\u4eec\u5173\u6ce810\u5e74\u671f\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\uff0c\u65e9\u76d8\u5df2\u5347\u81f34.75%\uff0c\u4e0d\u6392\u9664\u6d4b\u8bd52025\u5e74\u672b\u9ad8\u4f4d\u3002\u53ef\u8003\u8651\u901a\u8fc7\u957f\u671f\u9650\u503a\u5238ETF\uff08\u6301\u6709\u8f83\u957f\u671f\u503a\u5238\u3001\u5bf9\u5229\u7387\u66f4\u654f\u611f\u7684\u57fa\u91d1\uff09\u7684\u770b\u8dcc\u671f\u6743\uff08put option\uff0c\u62bc\u6ce8\u4ef7\u683c\u4e0b\u8dcc\u7684\u671f\u6743\uff09\u8fdb\u884c\u5bf9\u51b2\uff08\u964d\u4f4e\u98ce\u9669\uff09\u6216\u5e03\u5c40\uff08\u62bc\u6ce8\u8d70\u52bf\uff09\u3002<\/p>\n

\u80a1\u7968\u65b9\u9762\uff0c\u8fd9\u5bf9\u4f01\u4e1a\u76c8\u5229\u504f\u5229\u597d\uff0c\u5c24\u5176\u662f\u5de5\u4e1a\u4e0e\u539f\u6750\u6599\u677f\u5757\u3002\u8fd9\u7ec4\u6570\u636e\u786e\u8ba4\u5236\u9020\u4e1a\u57282026\u5e74\u521d\u5f00\u59cb\u7684\u56de\u5347\uff0c2025\u5e74\u7684\u653e\u7f13\u62c5\u5fe7\u57fa\u672c\u9000\u573a\u3002\u6211\u4eec\u503e\u5411\u5173\u6ce8\u5468\u671f\u6027\u677f\u5757ETF\uff08\u968f\u7ecf\u6d4e\u666f\u6c14\u5ea6\u6ce2\u52a8\u8f83\u5927\u7684\u677f\u5757\u57fa\u91d1\uff09\u7684\u770b\u6da8\u671f\u6743\uff08call option\uff0c\u62bc\u6ce8\u4ef7\u683c\u4e0a\u6da8\u7684\u671f\u6743\uff09\uff0c\u56e0\u4e3a\u4f01\u4e1a\u53ef\u80fd\u7ed9\u51fa\u66f4\u5f3a\u7684\u4e1a\u7ee9\u6307\u5f15\uff08forward guidance\uff0c\u7ba1\u7406\u5c42\u5bf9\u672a\u6765\u7ecf\u8425\u4e0e\u76c8\u5229\u7684\u5c55\u671b\uff09\u3002<\/p>\n

\u7ecf\u6d4e\u504f\u5f3a\u901a\u5e38\u652f\u6301\u7f8e\u5143\u8d70\u5f3a\u3002\u7f8e\u5143\u6307\u6570\uff08DXY\uff0c\u8861\u91cf\u7f8e\u5143\u5bf9\u4e00\u7bee\u5b50\u4e3b\u8981\u8d27\u5e01\u7684\u5f3a\u5f31\uff09\u5df2\u4e0a\u63a2106.50\u9644\u8fd1\uff0c\u82e5\u5229\u5dee\uff08\u5404\u56fd\u5229\u7387\u5dee\u8ddd\uff09\u7ee7\u7eed\u504f\u5411\u7f8e\u56fd\uff0c\u7f8e\u5143\u6216\u83b7\u5f97\u6301\u7eed\u652f\u6491\u3002\u76f8\u5bf9\u66f4\u9e3d\u6d3e\uff08\u504f\u5411\u964d\u606f\u6216\u5bbd\u677e\uff09\u7684\u592e\u884c\u6240\u5bf9\u5e94\u8d27\u5e01\uff0c\u505a\u591a\u7f8e\u5143\u7684\u914d\u7f6e\u5438\u5f15\u529b\u4e0a\u5347\u3002<\/p>\n

\u5de5\u5382\u8ba2\u5355\u4e0a\u5347\uff0c\u5f80\u5f80\u610f\u5473\u7740\u672a\u6765\u539f\u6750\u6599\u9700\u6c42\u66f4\u9ad8\u3002\u5de5\u4e1a\u91d1\u5c5e\u5982\u94dc\u5df2\u5148\u884c\u53cd\u6620\uff0c\u4ef7\u683c\u51b2\u7834\u6bcf\u78c54.50\u7f8e\u5143\uff0c\u663e\u793a\u5e02\u573a\u9884\u671f\u9700\u6c42\u5f3a\u52b2\u3002\u5546\u54c1\u671f\u8d27\uff08\u4ee5\u5546\u54c1\u4e3a\u6807\u7684\u7684\u5408\u7ea6\uff09\u6216\u76f8\u5173\u80a1\u7968\u7684\u504f\u591a\u4ed3\u4f4d\uff0c\u53ef\u80fd\u53d7\u76ca\u4e8e\u8fd9\u8f6e\u5236\u9020\u4e1a\u6269\u5f20\u3002<\/p>\n

Volatility And Options Positioning<\/h3>\n

\u8fd9\u7c7b\u504f\u6b63\u9762\u7684\u7ecf\u6d4e\u6d88\u606f\uff0c\u901a\u5e38\u4f1a\u964d\u4f4e\u5e02\u573a\u4e0d\u786e\u5b9a\u6027\u3002\u829d\u52a0\u54e5\u671f\u6743\u4ea4\u6613\u6240\u6ce2\u52a8\u7387\u6307\u6570\uff08VIX\uff0c\u5e38\u88ab\u79f0\u4e3a\u201c\u6050\u614c\u6307\u6570\u201d\uff0c\u53cd\u6620\u5e02\u573a\u5bf9\u672a\u6765\u6ce2\u52a8\u7684\u9884\u671f\uff09\u5df2\u8dcc\u783414\uff0c\u663e\u793a\u5e02\u573a\u9884\u671f\u6ce2\u52a8\u8f83\u4f4e\u3002\u5728\u8fd9\u79cd\u73af\u5883\u4e0b\uff0c\u5356\u51fa\u671f\u6743\u65f6\u95f4\u4ef7\u503c\uff08options premium\uff0c\u671f\u6743\u91d1\/\u6743\u5229\u91d1\uff09\u66f4\u5177\u5438\u5f15\u529b\uff0c\u4f8b\u5982\u5bf9\u57fa\u672c\u9762\u8f83\u5f3a\u7684\u5de5\u4e1a\u80a1\u5356\u51fa\u73b0\u91d1\u62c5\u4fdd\u770b\u8dcc\u671f\u6743\uff08cash-secured put\uff0c\u5356\u51fa\u770b\u8dcc\u671f\u6743\u5e76\u9884\u7559\u73b0\u91d1\u4ee5\u4fbf\u88ab\u884c\u6743\u65f6\u4e70\u5165\u80a1\u7968\uff09\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

ISM\u65b0\u8ba2\u53554\u6708\u5347\u81f354.1\u8d85\u9884\u671f\uff1a\u7f8e\u56fd\u7ecf\u6d4e\u97e7\u6027\u518d\u8bc1\uff01\u964d\u606f\u62bc\u6ce8\u9047\u6311\u6218\uff0c\u5229\u7387\u66f4\u4e45\u66f4\u9ad8\u63a8\u5347\u7f8e\u503a\u6536\u76ca\u7387\u4e0e\u7f8e\u5143\uff1b\u5468\u671f\u80a1\u3001\u5de5\u4e1a\u91d1\u5c5e\u53d7\u60e0\uff0cVIX\u4f4e\u9002\u5408\u5356\u6743\u6536\u6743\u5229\u91d1\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-46112","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\/46112","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=46112"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/46112\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=46112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=46112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=46112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}