\u5b9e\u9645\u5229\u7387\uff1d\uff08\u540d\u4e49\uff09\u5229\u7387 – \u901a\u80c0\u7387<\/p>\n\n\n\n
<\/p>\n\n\n\n
<\/p>\n\n\n\n
\u503a\u5238\u6536\u76ca\u7387\u6307\u6807\u5305\u62ec\u7968\u9762\u6536\u76ca\u7387\u3001\u5f53\u671f\u6536\u76ca\u7387\u548c\u5230\u671f\u6536\u76ca\u7387\u7b49\uff0c\u540d\u4e49\u7f8e\u503a\u6536\u76ca\u7387\u4e00\u822c\u662f\u6307\u5404\u4e2a\u671f\u9650\u7f8e\u503a\u54c1\u79cd\u7684\u5f53\u671f\u6536\u76ca\u7387\uff0c\u4e25\u683c\u610f\u4e49\u4e0a\u79f0\u4e3a\u56fa\u5b9a\u671f\u9650\u6536\u76ca\u7387\uff08constant maturity Treasury rates\uff0cCMTs\uff09\u3002\u4e3a\u533a\u522b\u4e8e\u901a\u80c0\u4fdd\u62a4\u503a\u5238\u6536\u76ca\u7387\u7b49\u5176\u4ed6\u6307\u6807\uff0c\u4e00\u822c\u5c06\u56fa\u5b9a\u671f\u9650\u6536\u76ca\u7387\u79f0\u4e3a\u540d\u4e49\u7f8e\u503a\u6536\u76ca\u7387\u3002\u4ee510\u5e74\u671f\u7f8e\u503a\u4e3a\u4f8b\uff0c\u5e02\u573a\u4e0a\u6d41\u901a\u768410\u5e74\u671f\u7f8e\u503a\u5305\u62ec\u7f8e\u56fd\u8d22\u653f\u90e8\u5404\u6b21\u62cd\u5356\u53d1\u884c\u5c1a\u672a\u5230\u671f\u7684\u8bb8\u591a\u5238\u79cd\uff0c\u5927\u591a\u6570\u5269\u4f59\u671f\u9650\u5b9e\u9645\u4e0a\u5747\u4e0d\u8db310\u5e74\uff0c\u7f8e\u8054\u50a8\u5c06\u8fd9\u4e9b\u653f\u5e9c\u503a\u5238\u7684\u6536\u76ca\u7387\u7edf\u4e00\u6298\u7b97\u621010\u5e74\u671f\u6536\u76ca\u7387\u5bf9\u5916\u53d1\u5e03<\/p>\n\n\n\n
\u540d\u4e49\u7f8e\u503a\u6536\u76ca\u7387\u88ab\u89c6\u4e3a\u65e0\u98ce\u9669\u5229\u7387\uff0c\u4e0d\u540c\u671f\u9650\u7684\u540d\u4e49\u6536\u76ca\u7387\u5177\u6709\u4e0d\u540c\u7684\u4f5c\u7528\u548c\u5f71\u54cd\uff0c\u5176\u4e2d2\u5e74\u671f\u53ca\u4ee5\u4e0b\u671f\u9650\u8f83\u77ed\u7684\u540d\u4e49\u7f8e\u503a\u6536\u76ca\u7387\u4e0e\u653f\u7b56\u5229\u7387\uff08\u8054\u90a6\u57fa\u91d1\u5229\u7387\uff09\u3001\u8d27\u5e01\u5e02\u573a\u5229\u7387\u6c34\u5e73\u8f83\u4e3a\u63a5\u8fd1\uff0c\u5176\u4e2d2\u5e74\u671f\u540d\u4e49\u7f8e\u503a\u6536\u76ca\u7387\u4e0e\u7f8e\u8054\u50a8\u5229\u7387\u653f\u7b56\u4e4b\u95f4\u5173\u7cfb\u5bc6\u5207\uff1b5\u5e74\u671f\u53ca\u4ee5\u4e0a\u8f83\u957f\u671f\u9650\u7684\u540d\u4e49\u7f8e\u503a\u6536\u76ca\u7387\u4e0e\u8d44\u672c\u5e02\u573a\u5229\u7387\u6307\u6807\u8f83\u4e3a\u63a5\u8fd1\uff0c\u5176\u4e2d10\u5e74\u671f\u540d\u4e49\u7f8e\u503a\u6536\u76ca\u7387\u6700\u53d7\u5e02\u573a\u5173\u6ce8\uff0c\u65e2\u662f\u4e2d\u957f\u671f\u8d37\u6b3e\uff08\u5982\u4f4f\u623f\u62b5\u62bc\u8d37\u6b3e\uff09\u5229\u7387\u7684\u57fa\u51c6\u5229\u7387\uff0c\u4e5f\u662f\u89c2\u5bdf\u7f8e\u56fd\u7ecf\u6d4e\u3001\u91d1\u878d\u5e02\u573a\u6295\u8d44\u8005\u60c5\u7eea\u7684\u5de5\u5177\uff0c\u5f71\u54cd\u5f88\u5927\u3002\u6b64\u5916\uff0c10Y-2Y\u5229\u5dee\u662f\u89c2\u5bdf\u7f8e\u56fd\u7ecf\u6d4e\u5468\u671f\u53d8\u5316\u7684\u91cd\u8981\u5de5\u5177\u3002<\/p>\n\n\n\n
2\u3001\u901a\u80c0\u4fdd\u62a4\u503a\u5238\u6536\u76ca\u7387<\/p>\n\n\n\n
\u540d\u4e49\u7f8e\u503a\u6536\u76ca\u7387\u4e0d\u80fd\u4fdd\u62a4\u6295\u8d44\u8005\u7684\u6536\u76ca\uff08\u73b0\u91d1\u6d41\uff09\u4e0d\u88ab\u901a\u80c0\u4fb5\u8680\u6216\u7a00\u91ca\uff0c\u5177\u6709\u901a\u80c0\u4fdd\u62a4\u529f\u80fd\u7684\u503a\u5238\u79f0\u4e3a\u901a\u80c0\u4fdd\u62a4\u503a\u5238\uff08Treasury Inflation-Protected Securities\uff0cTIPS\uff09\uff0c\u8fd9\u7c7b\u503a\u5238\u7684\u672c\u91d1\u6839\u636e\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\uff08CPI\uff09\u7684\u53d8\u5316\u8fdb\u884c\u8c03\u6574\uff0c\u4ece\u800c\u4fdd\u62a4\u6295\u8d44\u8005\u7684\u5229\u76ca\u3002\u5f53\u901a\u80c0\u53d1\u751f\u65f6\uff0cTIPS\u672c\u91d1\u76f8\u5e94\u589e\u957f\uff1b\u53cd\u4e4b\u4ea6\u7136\uff0c\u5f53\u51fa\u73b0\u901a\u7f29\u65f6\uff0cTIPS\u672c\u91d1\u51cf\u5c11\u3002<\/p>\n\n\n\n
\u901a\u80c0\u4fdd\u62a4\u503a\u5238\uff08TIPS\uff09\u6536\u76ca\u7387\u5373\u5b9e\u9645\u5229\u7387\u3002TIPS\u671f\u9650\u5305\u62ec5\u5e74\u30017\u5e74\u300110\u5e74\u300120\u5e74 \u548c 30 \u5e74\u7b49<\/p>\n\n\n\n
3\u3001\u76c8\u4e8f\u5e73\u8861\u901a\u80c0\u7387<\/p>\n\n\n\n
\u76c8\u4e8f\u5e73\u8861\u901a\u80c0\u7387\u662f\u8861\u91cf\u548c\u53cd\u6620\u672a\u6765\u901a\u80c0\u9884\u671f\u7684\u91cd\u8981\u5e02\u573a\u6307\u6807\uff0c\u5176\u8ba1\u7b97\u5341\u5206\u7b80\u5355\uff0c\u5373\u540d\u4e49\u7f8e\u503a\u6536\u76ca\u7387\u51cf\u53bb\u901a\u80c0\u4fdd\u62a4\u503a\u5238\u6536\u76ca\u7387\uff08\u5b9e\u9645\u5229\u7387\uff09\uff1a<\/p>\n\n\n\n
\u76c8\u4e8f\u5e73\u8861\u901a\u80c0\u7387 = \u540d\u4e49\u7f8e\u503a\u6536\u76ca\u7387 \u2013 \u901a\u80c0\u4fdd\u62a4\u503a\u5238\u6536\u76ca\u7387<\/p>\n","protected":false},"excerpt":{"rendered":"
\u5b9e\u9645\u5229\u7387\uff1d\uff08\u540d\u4e49\uff09\u5229\u7387 – \u901a\u80c0\u7387 \u503a\u5238\u6536\u76ca\u7387\u6307\u6807\u5305\u62ec\u7968\u9762\u6536\u76ca\u7387\u3001\u5f53\u671f\u6536\u76ca\u7387\u548c\u5230\u671f\u6536\u76ca\u7387\u7b49\uff0c\u540d\u4e49\u7f8e […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-637","post","type-post","status-publish","format-standard","hentry","category-16"],"_links":{"self":[{"href":"http:\/\/blog.xtaa.cn\/index.php\/wp-json\/wp\/v2\/posts\/637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/blog.xtaa.cn\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.xtaa.cn\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.xtaa.cn\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.xtaa.cn\/index.php\/wp-json\/wp\/v2\/comments?post=637"}],"version-history":[{"count":0,"href":"http:\/\/blog.xtaa.cn\/index.php\/wp-json\/wp\/v2\/posts\/637\/revisions"}],"wp:attachment":[{"href":"http:\/\/blog.xtaa.cn\/index.php\/wp-json\/wp\/v2\/media?parent=637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.xtaa.cn\/index.php\/wp-json\/wp\/v2\/categories?post=637"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.xtaa.cn\/index.php\/wp-json\/wp\/v2\/tags?post=637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}