{"id":46740,"date":"2026-05-12T18:36:20","date_gmt":"2026-05-12T18:36:20","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e3%80%8a%e7%ba%a2%e7%9a%ae%e4%b9%a6%e6%8c%87%e6%95%b0%e9%a3%99%e5%8d%87%e5%8f%8a%e7%be%8e%e5%9b%bd%e5%bc%ba%e5%8a%b2%e6%95%b0%e6%8d%ae%e5%89%8a%e5%bc%b16%e6%9c%88%e9%99%8d%e6%81%af%e6%8a%bc%e6%b3%a8\/"},"modified":"2026-05-12T18:36:20","modified_gmt":"2026-05-12T18:36:20","slug":"%e3%80%8a%e7%ba%a2%e7%9a%ae%e4%b9%a6%e6%8c%87%e6%95%b0%e9%a3%99%e5%8d%87%e5%8f%8a%e7%be%8e%e5%9b%bd%e5%bc%ba%e5%8a%b2%e6%95%b0%e6%8d%ae%e5%89%8a%e5%bc%b16%e6%9c%88%e9%99%8d%e6%81%af%e6%8a%bc%e6%b3%a8","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e3%80%8a%e7%ba%a2%e7%9a%ae%e4%b9%a6%e6%8c%87%e6%95%b0%e9%a3%99%e5%8d%87%e5%8f%8a%e7%be%8e%e5%9b%bd%e5%bc%ba%e5%8a%b2%e6%95%b0%e6%8d%ae%e5%89%8a%e5%bc%b16%e6%9c%88%e9%99%8d%e6%81%af%e6%8a%bc%e6%b3%a8\/","title":{"rendered":"\u300a\u7ea2\u76ae\u4e66\u6307\u6570\u98d9\u5347\u53ca\u7f8e\u56fd\u5f3a\u52b2\u6570\u636e\u524a\u5f316\u6708\u964d\u606f\u62bc\u6ce8\uff0c\u4fc3\u4f7f\u5bf9\u51b2\u7b56\u7565\u8f6c\u5411\u300b"},"content":{"rendered":"<p>\u7f8e\u56fd\u7ea2\u76ae\u4e66\u6307\u6570\uff08Redbook Index\uff0c\u8861\u91cf\u5927\u578b\u8fde\u9501\u96f6\u552e\u5e97\u9500\u552e\u7684\u6307\u6807\uff09\u57285\u67088\u65e5\u540c\u6bd4\u5347\u81f39.6%\uff0c\u524d\u503c\u4e3a7.8%\u3002<\/p>\n<p>\u7ea2\u76ae\u4e66\u6307\u6570\u8fd1\u671f\u8df3\u5347\u81f39.6%\uff0c\u663e\u793a\u6d88\u8d39\u8005\u9700\u6c42\u4f9d\u7136\u5f3a\u52b2\uff0c\u6d88\u8d39\u652f\u51fa\u5f88\u65fa\uff0c\u53ef\u80fd\u7ee7\u7eed\u63a8\u9ad8\u901a\u80c0\uff08\u7269\u4ef7\u6301\u7eed\u4e0a\u6da8\uff09\u3002\u8fd9\u4e0d\u592a\u50cf\u4e00\u6b21\u6027\u7684\u6ce2\u52a8\u3002<\/p>\n<h3>\u6d88\u8d39\u8005\u5f3a\u52bf\u52a0\u5927\u901a\u80c0\u98ce\u9669<\/h3>\n<p>\u8003\u8651\u5230\u4e0a\u5468\u516c\u5e03\u76844\u6708CPI\uff08\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff0c\u7528\u6765\u8861\u91cf\u901a\u80c0\u7684\u6838\u5fc3\u6570\u636e\uff09\u62a53.9%\uff0c\u9ad8\u4e8e\u5e02\u573a\u9884\u671f\u76843.7%\uff0c\u8fd9\u4e00\u6570\u636e\u66f4\u6709\u5206\u91cf\u3002\u518d\u52a0\u4e0a\u5c31\u4e1a\u62a5\u544a\u663e\u793a\u65b0\u589e\u975e\u519c\u5c31\u4e1a\uff08Nonfarm Payrolls\uff0c\u7edf\u8ba1\u65b0\u589e\u5c31\u4e1a\u4eba\u6570\u7684\u4e3b\u8981\u6307\u6807\uff0924\u4e07\u4eba\uff0c\u7ecf\u6d4e\u518d\u5ea6\u52a0\u901f\u7684\u8ff9\u8c61\u66f4\u660e\u663e\u3002\u8fd9\u4f1a\u524a\u5f31\u201c\u7f8e\u8054\u50a8\uff08Fed\uff0c\u7f8e\u56fd\u4e2d\u592e\u94f6\u884c\uff09\u5df2\u7ecf\u5b8c\u6210\u6297\u901a\u80c0\u4efb\u52a1\u201d\u7684\u8bf4\u6cd5\u3002<\/p>\n<p>\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c6\u6708FOMC\uff08\u8054\u90a6\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\uff0c\u7f8e\u8054\u50a8\u51b3\u5b9a\u5229\u7387\u7684\u4f1a\u8bae\uff09\u964d\u606f\u7684\u53ef\u80fd\u6027\u5feb\u901f\u4e0b\u964d\u3002\u5e02\u573a\u9700\u8981\u628a\u9884\u671f\u8c03\u6574\u5230\u201c\u5229\u7387\u66f4\u9ad8\u3001\u7ef4\u6301\u66f4\u4e45\u201d\u7684\u73af\u5883\u3002\u53ef\u4ee5\u8003\u8651\u7528\u884d\u751f\u54c1\uff08derivatives\uff0c\u4ef7\u503c\u6765\u81ea\u5229\u7387\u6216\u6307\u6570\u7b49\u6807\u7684\u7684\u5408\u7ea6\uff09\u6765\u5e94\u5bf9\u8fd9\u79cd\u9884\u671f\u53d8\u5316\u3002<\/p>\n<p>\u5177\u4f53\u6765\u8bf4\uff0c\u53ef\u8003\u8651\u5728SOFR\u671f\u8d27\uff08SOFR futures\uff0c\u4e0eSOFR\u5229\u7387\u6302\u94a9\u7684\u5229\u7387\u671f\u8d27\uff1bSOFR\u662f\u62c5\u4fdd\u9694\u591c\u878d\u8d44\u5229\u7387\uff0c\u5e38\u7528\u4f5c\u7f8e\u5143\u5229\u7387\u57fa\u51c6\uff09\u4e0a\u5356\u51fa\u770b\u6da8\u671f\u6743\uff08call options\uff0c\u62bc\u6ce8\u4ef7\u683c\u4e0a\u6da8\u7684\u671f\u6743\uff1b\u5356\u51fa\u770b\u6da8\u610f\u5473\u7740\u4e0d\u770b\u6da8\u3001\u6216\u62bc\u6ce8\u4e0d\u4e0a\u6da8\uff09\u6216\u4e70\u5165\u770b\u8dcc\u671f\u6743\uff08puts\uff0c\u62bc\u6ce8\u4ef7\u683c\u4e0b\u8dcc\u7684\u671f\u6743\uff09\u3002\u8fd9\u4e9b\u7b56\u7565\u901a\u5e38\u5728\u5229\u7387\u7ef4\u6301\u9ad8\u4f4d\u6216\u7ee7\u7eed\u4e0a\u884c\u65f6\u66f4\u6709\u5229\u3002\u5e02\u573a\u5bf9\u201c\u590f\u5b63\u964d\u606f\u201d\u7684\u5b9a\u4ef7\u53ef\u80fd\u504f\u4e50\u89c2\u3002\u6b64\u524d\u5e02\u573a\u4e00\u5ea6\u9884\u671f2025\u5e74\u4f1a\u591a\u6b21\u964d\u606f\uff0c\u4f46\u670d\u52a1\u4e1a\u901a\u80c0\uff08services inflation\uff0c\u4e0e\u670d\u52a1\u4ef7\u683c\u76f8\u5173\u7684\u901a\u80c0\uff0c\u901a\u5e38\u66f4\u987d\u56fa\uff09\u8fdf\u8fdf\u4e0d\u964d\uff0c\u9884\u671f\u5c61\u6b21\u843d\u7a7a\u3002<\/p>\n<p>\u7ecf\u6d4e\u6301\u7eed\u504f\u5f3a\u4e5f\u4f1a\u63d0\u9ad8\u5e02\u573a\u6ce2\u52a8\u98ce\u9669\uff08volatility\uff0c\u4ef7\u683c\u4e0a\u4e0b\u6ce2\u52a8\u5e45\u5ea6\u53d8\u5927\uff09\u3002\u5982\u679c\u7f8e\u8054\u50a8\u88ab\u8feb\u8f6c\u5411\u66f4\u5f3a\u786c\uff08\u66f4\u9e70\u6d3e\uff0c\u66f4\u503e\u5411\u4e8e\u5347\u606f\u6216\u7ef4\u6301\u9ad8\u5229\u7387\uff09\u7acb\u573a\uff0c\u53ef\u80fd\u4f1a\u8ba9\u80a1\u5e02\u63aa\u624b\u4e0d\u53ca\u3002\u53ef\u8003\u8651\u4e70\u5165VIX\u770b\u6da8\u671f\u6743\uff08VIX calls\uff0c\u62bc\u6ce8\u6050\u614c\u6307\u6570\u4e0a\u5347\uff1bVIX\u8861\u91cf\u5e02\u573a\u5bf9\u672a\u6765\u6ce2\u52a8\u7684\u9884\u671f\uff09\u4f5c\u4e3a\u672a\u6765\u51e0\u4e2a\u6708\u7684\u5bf9\u51b2\uff08hedge\uff0c\u7528\u6765\u964d\u4f4e\u4e8f\u635f\u98ce\u9669\u7684\u4fdd\u62a4\u6027\u4ed3\u4f4d\uff09\uff0c\u4ee5\u9632\u5e02\u573a\u56de\u8c03\uff08pullback\uff0c\u77ed\u671f\u4e0b\u8dcc\uff09\u3002<\/p>\n<h3>\u4e3a\u66f4\u9ad8\u6ce2\u52a8\u505a\u4ed3\u4f4d\u8c03\u6574<\/h3>\n<p>\u6b64\u5916\uff0c\u504f\u7d27\u7684\u7f8e\u8054\u50a8\u653f\u7b56\uff08restrictive policy\uff0c\u9ad8\u5229\u7387\u3001\u7d27\u7f29\u91d1\u878d\u6761\u4ef6\uff09\u901a\u5e38\u4f1a\u538b\u5236\u6210\u957f\u578b\u677f\u5757\uff08growth-oriented sectors\uff0c\u4f9d\u8d56\u672a\u6765\u76c8\u5229\u589e\u957f\u4f30\u503c\u7684\u884c\u4e1a\uff09\u3002\u5e94\u91cd\u65b0\u8bc4\u4f30\u80a1\u7968\u6307\u6570\u4ed3\u4f4d\uff0c\u5c24\u5176\u662f\u79d1\u6280\u677f\u5757\u3002\u672a\u6765\u51e0\u5468\uff0c\u7528\u7eb3\u65af\u8fbe\u514b100\u6307\u6570\uff08Nasdaq 100\uff0c\u4ee5\u79d1\u6280\u80a1\u4e3a\u4e3b\u7684\u6307\u6570\uff09\u770b\u8dcc\u671f\u6743\u4e3a\u591a\u5934\u7ec4\u5408\uff08long portfolios\uff0c\u6301\u6709\u80a1\u7968\u7b49\u770b\u6da8\u4ed3\u4f4d\u7684\u8d44\u4ea7\u7ec4\u5408\uff09\u505a\u5bf9\u51b2\uff0c\u53ef\u80fd\u66f4\u7a33\u59a5\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7ea2\u76ae\u4e66\u540c\u6bd4\u98d9\u81f39.6%\u70b9\u71c3\u8b66\u62a5\uff1a\u6d88\u8d39\u5f3a\u52b2\u53e0\u52a0CPI\u4e0e\u975e\u519c\u8d85\u9884\u671f\uff0c\u901a\u80c0\u98ce\u9669\u5347\u6e29\uff0c6\u6708\u964d\u606f\u6982\u7387\u964d\u3002\u5b9c\u7528SOFR\u671f\u6743\u3001VIX\u4e0e\u7eb3\u6307100\u770b\u8dcc\u5bf9\u51b2\u6ce2\u52a8\u3001\u8b66\u60d5\u79d1\u6280\u56de\u8c03\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-46740","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\/46740","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=46740"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/46740\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=46740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=46740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=46740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}