{"id":112,"date":"2026-04-14T21:22:32","date_gmt":"2026-04-14T13:22:32","guid":{"rendered":"https:\/\/sammywu.me\/?p=112"},"modified":"2026-04-14T21:22:32","modified_gmt":"2026-04-14T13:22:32","slug":"%e6%96%b0%e9%97%bb%c2%b7%e7%b2%be%e9%80%89%e7%ae%80%e6%8a%a5-2026-04-14-14","status":"publish","type":"post","link":"https:\/\/sammywu.me\/?p=112","title":{"rendered":"\u65b0\u95fb\u00b7\u7cbe\u9009\u7b80\u62a5 (2026-04-14)"},"content":{"rendered":"<p>\u4f5c\u4e3a\u8d44\u6df1\u65b0\u95fb\u5206\u6790\u5e08\uff0c\u6211\u5df2\u5bf9\u4e0a\u8ff0 Bloomberg \u8d44\u8baf\u8fdb\u884c\u4e86\u7b5b\u9009\u3001\u6838\u5b9e\u4e0e\u6df1\u5ea6\u68b3\u7406\u3002\u4ee5\u4e0b\u662f\u9488\u5bf9\u5f53\u524d\u91d1\u878d\u5e02\u573a\u6700\u6838\u5fc3\u4fe1\u606f\u7684\u7cbe\u70bc\u7b80\u62a5\u53ca\u5206\u6790\u3002<\/p>\n<p>## \u65b0\u95fb\u00b7\u7cbe\u9009\u7b80\u62a5<\/p>\n<p>* **\u963f\u5e03\u624e\u6bd4\u56fd\u5bb6\u77f3\u6cb9\u516c\u53f8\uff08ADNOC\uff09\u6b63\u5c31\u6536\u8d2d\u58f3\u724c\u5357\u975e\u52a0\u6cb9\u7ad9\u4e1a\u52a1\u8fdb\u884c\u6df1\u5165\u8c08\u5224**<br \/>\n    > \u7ec6\u8282\uff1aADNOC \u62df\u6536\u8d2d\u58f3\u724c\u5728\u5357\u975e\u7684\u52a0\u6cb9\u7ad9\u8d44\u4ea7\uff0c\u65e8\u5728\u6269\u5927\u5176\u975e\u6d32\u4e0b\u6e38\u4e1a\u52a1\u7248\u56fe\u3002\u6b64\u4e3e\u7b26\u5408\u4e2d\u4e1c\u80fd\u6e90\u5de8\u5934\u5411\u6d77\u5916\u96f6\u552e\u7ec8\u7aef\u6269\u5f20\u4ee5\u9501\u5b9a\u77f3\u6cb9\u9700\u6c42\u6e20\u9053\u7684\u957f\u671f\u6218\u7565\u3002<\/p>\n<p>* **\u4fc4\u9ed1\u6d77\u6e2f\u53e3\u53d7\u88ad\u540e\u77f3\u6cb9\u51fa\u53e3\u53d7\u963b\uff0c\u4f9b\u5e94\u94fe\u538b\u529b\u589e\u5927**<br \/>\n    > \u7ec6\u8282\uff1a\u7531\u4e8e\u65e0\u4eba\u673a\u88ad\u51fb\u5bfc\u81f4\u5173\u952e\u7801\u5934\u505c\u8fd0\uff0c\u4fc4\u7f57\u65af\u6d77\u8fd0\u77f3\u6cb9\u6d41\u51fa\u91cf\u9762\u4e34\u74f6\u9888\u3002\u5c3d\u7ba1\u6ce2\u7f57\u7684\u6d77\u7ec8\u7aef\u51fa\u53e3\u6709\u6240\u589e\u52a0\uff0c\u4f46\u57fa\u7840\u8bbe\u65bd\u53d7\u635f\u52a0\u5267\u4e86\u5730\u7f18\u653f\u6cbb\u5e26\u6765\u7684\u80fd\u6e90\u4f9b\u5e94\u4e0d\u786e\u5b9a\u6027\u3002<\/p>\n<p>* **IMF \u4e0b\u8c03\u5168\u7403\u7ecf\u6d4e\u589e\u957f\u9884\u671f\u81f3 3.1%\uff0c\u5e76\u8b66\u793a\u6218\u4e89\u5e26\u6765\u7684\u8870\u9000\u98ce\u9669**<br \/>\n    > \u7ec6\u8282\uff1a\u56fd\u9645\u8d27\u5e01\u57fa\u91d1\u7ec4\u7ec7\uff08IMF\uff09\u56e0\u5730\u7f18\u5c40\u52bf\u4e0d\u7a33\u4e0b\u8c03\u589e\u957f\u9884\u4f30\u3002\u62a5\u544a\u5f3a\u8c03\uff0c\u82e5\u51b2\u7a81\u6301\u7eed\uff0c\u5168\u7403\u4f9b\u5e94\u94fe\u5c06\u8fdb\u4e00\u6b65\u788e\u7247\u5316\uff0c\u5bfc\u81f4\u901a\u80c0\u53cd\u5f39\u53ca\u7ecf\u6d4e\u8870\u9000\u53ef\u80fd\u6027\u589e\u52a0\u3002<\/p>\n<p>* **Citigroup \u62ab\u9732\u5176\u79c1\u8425\u4fe1\u8d37\u4e1a\u52a1\u89c4\u6a21\u8fbe 220 \u4ebf\u7f8e\u5143**<br \/>\n    > \u7ec6\u8282\uff1a\u82b1\u65d7\u96c6\u56e2\u9996\u6b21\u8be6\u5c3d\u62ab\u9732\u4e86\u5176\u5728\u79c1\u8425\u4fe1\u8d37\uff08Private Credit\uff09\u9886\u57df\u7684\u98ce\u9669\u655e\u53e3\u3002\u5728\u5168\u7403\u94f6\u884c\u4e1a\u6536\u7f29\u8d44\u4ea7\u8d1f\u503a\u8868\u7684\u80cc\u666f\u4e0b\uff0c\u8fd9\u4e00\u89c4\u6a21\u51f8\u663e\u4e86\u5927\u578b\u94f6\u884c\u901a\u8fc7\u975e\u94f6\u884c\u8d37\u6b3e\u6e20\u9053\u5bfb\u6c42\u5229\u6da6\u589e\u957f\u7684\u73b0\u72b6\u3002<\/p>\n<p>* **\u7f8e\u56fd 1 \u6708\u751f\u4ea7\u8005\u4ef7\u683c\u6307\u6570\uff08PPI\uff09\u6da8\u5e45\u4e0d\u53ca\u9884\u671f\uff0c\u5c3d\u7ba1\u80fd\u6e90\u4ef7\u683c\u6ce2\u52a8**<br \/>\n    > \u7ec6\u8282\uff1a\u7f8e\u56fd 1 \u6708 PPI \u6570\u636e\u663e\u793a\u901a\u80c0\u538b\u529b\u5728\u751f\u4ea7\u8005\u7aef\u6709\u6240\u653e\u7f13\uff0c\u4f4e\u4e8e\u5e02\u573a\u6b64\u524d\u9884\u671f\u3002\u8fd9\u4e3a\u7f8e\u8054\u50a8\u5728\u4e0b\u534a\u5e74\u5f00\u542f\u964d\u606f\u5468\u671f\u63d0\u4f9b\u4e86\u4e00\u5b9a\u7684\u6570\u636e\u652f\u6491\uff0c\u7f13\u89e3\u4e86\u6b64\u524d\u7531\u80fd\u6e90\u6210\u672c\u5e26\u6765\u7684\u901a\u80c0\u7126\u8651\u3002<\/p>\n<p>* **\u7f8e\u5143\u6307\u6570\u4e0e\u6ce2\u52a8\u7387\u6307\u6570\uff08VIX\uff09\u91cd\u73b0\u540c\u6b65\u6ce2\u52a8\uff0c\u5730\u7f18\u653f\u6cbb\u538b\u8fc7\u5173\u7a0e\u535a\u5f08**<br \/>\n    > \u7ec6\u8282\uff1a\u907f\u9669\u60c5\u7eea\u4e3b\u5bfc\u5e02\u573a\uff0c\u7f8e\u5143\u4e0e VIX \u6307\u6570\u540c\u6b65\u8d70\u9ad8\u3002\u5206\u6790\u6307\u51fa\uff0c\u6295\u8d44\u8005\u6b63\u8fc5\u901f\u5265\u79bb\u6b64\u524d\u5bf9\u8d38\u6613\u5173\u7a0e\u7684\u5b9a\u4ef7\uff0c\u8f6c\u800c\u91cd\u65b0\u805a\u7126\u4f0a\u6717\u5c40\u52bf\u5f15\u53d1\u7684\u907f\u9669\u9700\u6c42\u3002<\/p>\n<p>* **\u4e2d\u4e1c\u51b2\u7a81\u63a8\u9ad8\u975e\u6d32\u56fd\u5bb6\u503a\u52a1\u6210\u672c\u81f3\u5927\u6d41\u884c\u4ee5\u6765\u7684\u65b0\u9ad8**<br \/>\n    > \u7ec6\u8282\uff1a\u7531\u4e8e\u5730\u7f18\u98ce\u9669\u6ea2\u4ef7\u4e0a\u5347\uff0c\u975e\u6d32\u56fd\u5bb6\u7684\u878d\u8d44\u73af\u5883\u8fdb\u4e00\u6b65\u6076\u5316\u3002\u501f\u8d37\u6210\u672c\u7684\u6fc0\u589e\u53ef\u80fd\u4f1a\u5f15\u53d1\u4e00\u7cfb\u5217\u4e3b\u6743\u503a\u52a1\u8fdd\u7ea6\u98ce\u9669\uff0c\u8fdb\u4e00\u6b65\u52a0\u5267\u5168\u7403\u91d1\u878d\u5e02\u573a\u7684\u4e0d\u7a33\u5b9a\u6027\u3002<\/p>\n<p>&#8212;<\/p>\n<p>### \u884c\u60c5\u5206\u6790<\/p>\n<p>\u5f53\u524d\u7684\u5b8f\u89c2\u903b\u8f91\u6b63\u5904\u4e8e**\u201c\u5730\u7f18\u653f\u6cbb\u98ce\u9669 > \u901a\u80c0\u5b9a\u4ef7\u201d**\u7684\u5207\u6362\u671f\u3002<\/p>\n<p>1.  **\u907f\u9669\u8d44\u4ea7\u56de\u5f52\uff1a** \u7f8e\u5143\u4e0e VIX \u7684\u540c\u6b65\uff08\u4ee5\u5f80\u4e24\u8005\u5e38\u6709\u8d1f\u76f8\u5173\u6027\uff09\u8868\u660e\u5e02\u573a\u4e0d\u518d\u5bfb\u6c42\u201c\u98ce\u9669\u8865\u507f\u201d\uff0c\u800c\u662f\u76f4\u63a5\u8f6c\u5411\u201c\u6d41\u52a8\u6027\u907f\u9669\u201d\u3002\u8fd9\u79cd\u914d\u7f6e\u504f\u597d\u4f1a\u5bf9\u7f8e\u80a1\u7684\u6210\u957f\u80a1\u677f\u5757\uff08\u5c24\u5176\u662f\u79d1\u6280\u80a1\uff09\u9020\u6210\u4f30\u503c\u538b\u529b\uff0c\u56e0\u4e3a\u9ad8\u6ce2\u52a8\u7387\u4f1a\u63a8\u9ad8\u80a1\u6743\u98ce\u9669\u6ea2\u4ef7\u3002<br \/>\n2.  **\u7f8e\u8054\u50a8\u653f\u7b56\u7a97\u53e3\uff1a** PPI \u6570\u636e\u4e0d\u53ca\u9884\u671f\u662f\u77ed\u671f\u5229\u597d\uff0c\u4f46\u88ab\u5730\u7f18\u5371\u673a\u63a9\u76d6\u3002\u82e5\u80fd\u6e90\u5371\u673a\uff08\u56e0\u4fc4\u4e4c\u3001\u4e2d\u4e1c\u5c40\u52bf\uff09\u5bfc\u81f4\u6cb9\u4ef7\u8fdb\u4e00\u6b65\u98d9\u5347\uff0cPPI \u7684\u6e29\u548c\u8868\u73b0\u5c06\u8f6c\u77ac\u5373\u901d\u3002\u5e02\u573a\u76ee\u524d\u5904\u4e8e\u201c\u964d\u606f\u5e0c\u671b\u201d\u4e0e\u201c\u5730\u7f18\u6050\u614c\u201d\u7684\u535a\u5f08\u4e2d\u3002<br \/>\n3.  **\u79c1\u8425\u4fe1\u8d37\u7684\u6f5c\u5728\u7070\u7280\u725b\uff1a** \u82b1\u65d7\u62ab\u9732\u7684 220 \u4ebf\u7f8e\u5143\u655e\u53e3\u53ca Red Lobster \u7684 98% \u8d44\u4ea7\u51cf\u503c\uff0c\u6572\u54cd\u4e86\u79c1\u8425\u4fe1\u8d37\u6ce1\u6cab\u7684\u8b66\u949f\u3002\u82e5\u7f8e\u8054\u50a8\u957f\u671f\u7ef4\u6301\u9ad8\u5229\u7387\uff0c\u79c1\u8425\u4fe1\u8d37\u8fdd\u7ea6\u53ef\u80fd\u4ece\u975e\u4e0a\u5e02\u5c0f\u4f01\u4e1a\u5411\u91d1\u878d\u673a\u6784\u8513\u5ef6\uff0c\u8fd9\u5728\u672a\u6765\u4e00\u4e24\u4e2a\u5b63\u5ea6\u5185\u53ef\u80fd\u662f\u7f8e\u80a1\u91d1\u878d\u677f\u5757\u7684\u4e00\u5927\u9690\u60a3\u3002<\/p>\n<p>**\u7ed3\u8bba\uff1a** \u5e02\u573a\u76ee\u524d\u5bf9\u7a81\u53d1\u5730\u7f18\u4e8b\u4ef6\u7684\u654f\u611f\u5ea6\u6781\u9ad8\uff0c\u5efa\u8bae\u5173\u6ce8\u80fd\u6e90\u80a1\u7684\u5bf9\u51b2\u4ef7\u503c\u53ca\u9632\u5fa1\u6027\u677f\u5757\uff08\u516c\u7528\u4e8b\u4e1a\u3001\u5fc5\u9700\u6d88\u8d39\u54c1\uff09\u7684\u914d\u7f6e\uff0c\u8b66\u60d5\u79c1\u8425\u4fe1\u8d37\u655e\u53e3\u8f83\u5927\u7684\u94f6\u884c\u80a1\u56de\u8c03\u98ce\u9669\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u4f5c\u4e3a\u8d44\u6df1\u65b0\u95fb\u5206\u6790\u5e08\uff0c\u6211\u5df2\u5bf9\u4e0a\u8ff0 Bloomberg \u8d44\u8baf\u8fdb\u884c\u4e86\u7b5b\u9009\u3001\u6838\u5b9e\u4e0e\u6df1\u5ea6\u68b3\u7406\u3002\u4ee5\u4e0b\u662f\u9488\u5bf9\u5f53\u524d\u91d1\u878d\u5e02\u573a\u6700\u6838 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-112","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/sammywu.me\/index.php?rest_route=\/wp\/v2\/posts\/112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sammywu.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sammywu.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sammywu.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sammywu.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=112"}],"version-history":[{"count":0,"href":"https:\/\/sammywu.me\/index.php?rest_route=\/wp\/v2\/posts\/112\/revisions"}],"wp:attachment":[{"href":"https:\/\/sammywu.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sammywu.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sammywu.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}