{"id":47329,"date":"2026-05-20T12:22:33","date_gmt":"2026-05-20T12:22:33","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e8%8b%b1%e9%95%91%e5%9c%a8%e8%8b%b1%e5%9b%bd%e9%80%9a%e8%83%80%e9%99%8d%e6%b8%a9%e3%80%81%e4%bb%a4%e8%8b%b1%e4%bc%a6%e9%93%b6%e8%a1%8c%e5%89%8d%e6%99%af%e4%bb%8d%e4%b8%8d%e6%98%8e%e6%9c%97%e4%b9%8b\/"},"modified":"2026-05-20T12:22:33","modified_gmt":"2026-05-20T12:22:33","slug":"%e8%8b%b1%e9%95%91%e5%9c%a8%e8%8b%b1%e5%9b%bd%e9%80%9a%e8%83%80%e9%99%8d%e6%b8%a9%e3%80%81%e4%bb%a4%e8%8b%b1%e4%bc%a6%e9%93%b6%e8%a1%8c%e5%89%8d%e6%99%af%e4%bb%8d%e4%b8%8d%e6%98%8e%e6%9c%97%e4%b9%8b","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e8%8b%b1%e9%95%91%e5%9c%a8%e8%8b%b1%e5%9b%bd%e9%80%9a%e8%83%80%e9%99%8d%e6%b8%a9%e3%80%81%e4%bb%a4%e8%8b%b1%e4%bc%a6%e9%93%b6%e8%a1%8c%e5%89%8d%e6%99%af%e4%bb%8d%e4%b8%8d%e6%98%8e%e6%9c%97%e4%b9%8b\/","title":{"rendered":"\u82f1\u9551\u5728\u82f1\u56fd\u901a\u80c0\u964d\u6e29\u3001\u4ee4\u82f1\u4f26\u94f6\u884c\u524d\u666f\u4ecd\u4e0d\u660e\u6717\u4e4b\u9645\uff0c\u5151\u75b2\u8f6f\u65e5\u5143\u4f01\u7a33"},"content":{"rendered":"<p>\u82f1\u9551\/\u65e5\u5143\u5468\u4e09\u51e0\u4e4e\u6ca1\u53d8\uff0c\u6c47\u4ef7\u5728\u8fc7\u53bb\u4e09\u5468\u533a\u95f4\u7684\u4e2d\u95f4\u4f4d\u7f6e\u9644\u8fd1\u4ea4\u6613\uff0c\u5e76\u6bd4213.00\u4f4e\u51e0\u4e2a\u70b9\u5b50\uff08pip\uff0c\u5916\u6c47\u6700\u5c0f\u8df3\u52a8\u5355\u4f4d\uff09\u3002\u82f1\u56fd4\u6708\u901a\u80c0\uff08CPI\uff0c\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff0c\u7528\u6765\u8861\u91cf\u4e00\u822c\u5546\u54c1\u4e0e\u670d\u52a1\u4ef7\u683c\u6da8\u5e45\uff09\u964d\u5e45\u5927\u4e8e\u5e02\u573a\u9884\u671f\uff0c\u62d6\u7d2f\u82f1\u9551\uff1b\u65e5\u5143\u5219\u7ee7\u7eed\u627f\u538b\uff0c\u539f\u56e0\u662f\u65e5\u672c\u4e0e\u7f8e\u56fd\u5229\u7387\u5dee\u5e26\u6765\u7684\u6536\u76ca\u7387\u5dee\uff08yield spread\uff0c\u4e0d\u540c\u56fd\u5bb6\u503a\u5238\u5229\u7387\u5dee\uff09\u4ecd\u5927\uff0c\u4ee5\u53ca\u80fd\u6e90\u76f8\u5173\u901a\u80c0\u98ce\u9669\u3002<\/p>\n<p>\u82f1\u56fdCPI\u901a\u80c0\u57284\u6708\u540c\u6bd4\u653e\u7f13\u81f32.8%\uff0c3\u6708\u4e3a3.3%\uff0c\u4f4e\u4e8e3%\u7684\u9884\u6d4b\u3002\u6838\u5fc3CPI\uff08\u5254\u9664\u6ce2\u52a8\u8f83\u5927\u7684\u98df\u54c1\u4e0e\u80fd\u6e90\uff0c\u66f4\u80fd\u53cd\u6620\u957f\u671f\u8d8b\u52bf\uff09\u4ece3.1%\u964d\u81f32.5%\uff0c\u4e5f\u4f4e\u4e8e\u5e02\u573a\u5171\u8bc6\u76842.6%\u3002<\/p>\n<h3>\u82f1\u56fd\u901a\u80c0\u610f\u5916\u4e0e\u5e02\u573a\u53cd\u5e94<\/h3>\n<p>\u82f1\u56fdPPI\uff08\u751f\u4ea7\u8005\u7269\u4ef7\u6307\u6570\uff0c\u8861\u91cf\u4f01\u4e1a\u7aef\u6210\u672c\u4e0e\u51fa\u5382\u4ef7\u683c\uff09\u6570\u636e\u66f4\u5f3a\uff1a\u6295\u5165\u54c1\u4ef7\u683c\uff08input prices\uff0c\u4f01\u4e1a\u91c7\u8d2d\u539f\u6750\u6599\u4e0e\u4e2d\u95f4\u54c1\u7684\u6210\u672c\uff09\u540c\u6bd4\u5347\u81f37.7%\uff0c\u4e3a\u4e09\u5e74\u591a\u6700\u9ad8\uff1b\u4ea7\u51fa\u4ef7\u683c\uff08output prices\uff0c\u4f01\u4e1a\u51fa\u5382\u552e\u4ef7\uff09\u6da8\u5e45\u4f4e\u4e8e\u6295\u5165\u6210\u672c\u3002<\/p>\n<p>\u5e02\u573a\u628a\u8fd9\u7ec4\u6570\u636e\u89e3\u8bfb\u4e3a\u652f\u6301\u82f1\u683c\u5170\u94f6\u884c\uff08Bank of England\uff0c\u82f1\u56fd\u592e\u884c\uff09\u57286\u6708\u6309\u5175\u4e0d\u52a8\uff0c\u82f1\u9551\u5bf9\u4e3b\u8981\u8d27\u5e01\u5c0f\u5e45\u8d70\u8f6f\u3002\u65e5\u5143\u4ecd\u504f\u5f31\uff0c\u56e0\u4e3a\u7f8e\u56fd\u56fd\u503a\u6536\u76ca\u7387\uff08US Treasury yields\uff0c\u7f8e\u56fd\u653f\u5e9c\u503a\u5238\u5229\u7387\uff09\u4e0e\u65e5\u672c\u56fd\u503a\u6536\u76ca\u7387\uff08JGB yields\uff0c\u65e5\u672c\u653f\u5e9c\u503a\u5238\u5229\u7387\uff09\u7684\u5dee\u8ddd\u5927\uff0c\u5229\u4e8e\u5957\u606f\u4ea4\u6613\uff08carry trade\uff0c\u501f\u5165\u4f4e\u5229\u7387\u8d27\u5e01\u3001\u4e70\u5165\u9ad8\u5229\u7387\u8d44\u4ea7\u8d5a\u53d6\u5229\u5dee\uff09\u3002<\/p>\n<p>\u7f8e\u56fd\u8d22\u653f\u90e8\u957fScott Bessent\u5728\u65e5\u672c\u547c\u5401\u65e5\u672c\u5b98\u5458\u79fb\u9664\u653f\u6cbb\u969c\u788d\uff0c\u8ba9\u65e5\u672c\u592e\u884c\uff08Bank of Japan\uff0c\u65e5\u672c\u592e\u884c\uff09\u53ef\u4ee5\u6536\u7d27\u653f\u7b56\u4ee5\u652f\u6491\u65e5\u5143\u3002<\/p>\n<p>\u9274\u4e8e\u901a\u80c0\u4ecd\u5177\u9ecf\u6027\uff0c\u504f\u5411\u82f1\u683c\u5170\u94f6\u884c\u201c\u504f\u9e70\u201d\uff08hawkish\uff0c\u503e\u5411\u52a0\u606f\u6216\u7ef4\u6301\u9ad8\u5229\u7387\u4ee5\u538b\u901a\u80c0\uff09\u7684\u671f\u6743\u7b56\u7565\u66f4\u6709\u5438\u5f15\u529b\u3002\u5e02\u573a\u76ee\u524d\u81f3\u5c11\u8ba1\u5165\u4eca\u5e74\u8fd8\u4f1a\u518d\u52a0\u606f\u4e00\u6b21\uff0c\u548c2025\u5e74\u5e02\u573a\u9884\u671f\u964d\u606f\u7684\u60c5\u51b5\u5f62\u6210\u660e\u663e\u53cd\u5dee\u3002\u56e0\u6b64\uff0c\u4e70\u5165\u82f1\u9551\u770b\u6da8\u671f\u6743\uff08GBP call options\uff0c\u62bc\u6ce8\u82f1\u9551\u4e0a\u6da8\u7684\u5408\u7ea6\uff09\u6216\u91c7\u7528\u725b\u5e02\u770b\u6da8\u4ef7\u5dee\uff08bull call spread\uff0c\u7528\u8f83\u4f4e\u6267\u884c\u4ef7\u4e70\u5165\u770b\u6da8\u3001\u8f83\u9ad8\u6267\u884c\u4ef7\u5356\u51fa\u770b\u6da8\uff0c\u4ee5\u964d\u4f4e\u6210\u672c\u5e76\u9650\u5236\u6700\u5927\u6536\u76ca\u4e0e\u98ce\u9669\uff09\u53ef\u5728\u63a7\u5236\u98ce\u9669\u4e0b\u83b7\u53d6\u4e0a\u884c\u655e\u53e3\u3002<\/p>\n<p>\u65e5\u5143\u8d70\u5f31\u4ecd\u662f\u8be5\u8d27\u5e01\u5bf9\u7684\u4e3b\u5bfc\u529b\u91cf\u3002\u5957\u606f\u4ea4\u6613\u4f9d\u7136\u6d3b\u8dc3\uff1a\u82f1\u683c\u5170\u94f6\u884c\u653f\u7b56\u5229\u7387\u4e3a4.75%\uff0c\u65e5\u672c\u592e\u884c\u4ec50.25%\uff0c\u63a5\u8fd14.5%\u7684\u5229\u5dee\u7ee7\u7eed\u4fc3\u4f7f\u4ea4\u6613\u5458\u5356\u51fa\u65e5\u5143\uff0c\u8f6c\u800c\u4e70\u5165\u82f1\u9551\u7b49\u9ad8\u5229\u7387\u8d27\u5e01\u4ee5\u83b7\u53d6\u6536\u76ca\u3002<\/p>\n<p>\u4f46\u4e5f\u8981\u7559\u610f\u5e72\u9884\u98ce\u9669\u3002\u65e5\u672c\u5f53\u5c40\u66fe\u57282024\u5e74\u591a\u6b21\u5165\u5e02\u5e72\u9884\u4ee5\u652f\u6491\u65e5\u5143\uff0c\u82e5\u82f1\u9551\/\u65e5\u5143\u5feb\u901f\u4e0a\u51b2220.00\u9644\u8fd1\uff0c\u53ef\u80fd\u5f15\u53d1\u7c7b\u4f3c\u884c\u52a8\u3002\u4ea4\u6613\u5458\u53ef\u8003\u8651\u4e70\u5165\u4ef7\u5916\u65e5\u5143\u770b\u6da8\u671f\u6743\uff08out-of-the-money JPY calls\uff0c\u6267\u884c\u4ef7\u9ad8\u4e8e\u5f53\u524d\u4ef7\u683c\u7684\u65e5\u5143\u770b\u6da8\u5408\u7ea6\uff1b\u5728\u6b64\u7528\u4f5c\u5bf9\u51b2\u65e5\u5143\u7a81\u7136\u8d70\u5f3a\u3001\u6c47\u4ef7\u6025\u8dcc\u7684\u98ce\u9669\uff09\uff0c\u4ee5\u8f83\u4f4e\u6210\u672c\u9632\u8303\u7a81\u53d1\u7684\u5feb\u901f\u53cd\u8f6c\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u82f1\u9551\/\u65e5\u5143\u6a2a\u76d8\u4e8e\u533a\u95f4\u4e2d\u4f4d\uff1a\u82f1\u56fd4\u6708CPI\u610f\u5916\u964d\u81f32.8%\u62d6\u7d2f\u82f1\u9551\uff0c\u4f46\u7f8e\u65e5\u5229\u5dee\u63a8\u5347\u5957\u606f\u4ee4\u65e5\u5143\u7eed\u5f31\u3002\u7559\u610f220\u9644\u8fd1\u5e72\u9884\u98ce\u9669\uff0c\u671f\u6743\u5bf9\u51b2\u66f4\u7a33\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-47329","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\/47329","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=47329"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/47329\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=47329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=47329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=47329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}