{"id":27199,"date":"2021-12-02T15:20:51","date_gmt":"2021-12-02T07:20:51","guid":{"rendered":"https:\/\/\/?p=27199"},"modified":"2023-09-27T11:01:54","modified_gmt":"2023-09-27T03:01:54","slug":"what-10y-treasury-yield","status":"publish","type":"post","link":"https:\/\/\/what-10y-treasury-yield\/","title":{"rendered":"\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387\u662f\u4ec0\u9ebc\uff1f\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u5982\u4f55\u5f71\u97ff\u80a1\u5e02\uff1f"},"content":{"rendered":"<!-- \/367108978\/Rich01_PC_up_728x90 -->\n\t<div class='div-gpt-ad-css' id='div-gpt-ad-1564472272479-0' style='width: 728px; height: 90px;'>\n\t  <script>\n\t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1564472272479-0'); });\n\t  <\/script>\n\t<\/div><p><img decoding=\"async\" class=\"alignnone size-full wp-image-43730\" src=/index.html"https:\/\/\/wp-content\/uploads\/20221102102207_78.jpg\" alt=\"\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\" width=\"1557\" height=\"815\" srcset=\"https:\/\/\/wp-content\/uploads\/20221102102207_78.jpg 1557w, https:\/\/\/wp-content\/uploads\/20221102102207_78-1536x804.jpg 1536w\" sizes=\"(max-width: 1557px) 100vw, 1557px\" \/><\/p>\n<p>\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387(U.S. Treasury Yield)\u662f\u6295\u8cc7\u4eba\u81ea\u8cb7\u5165\u7f8e\u570b\u516c\u50b5\u8d77\u81f3\u5230\u671f\u70ba\u6b62\u7684\u5be6\u8cea\u6295\u8cc7\u5831\u916c\u7387\uff0c\u800c\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387(10-Year U.S. Treasury Yield)\u610f\u601d\u662f\u6307\u5f9e<strong>\u8cb7\u516510\u5e74\u671f\u7f8e\u570b\u516c\u50b5\u81f3\u5230\u671f\u70ba\u6b62\u7684\u5be6\u8cea\u6295\u8cc7\u5831\u916c\u7387<\/strong>\u3002<\/p>\n<p>\u672c\u7bc7\u5e02\u5834\u5148\u751f\u8981\u4ecb\u7d39\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u7684\u610f\u7fa9\u8207\u5f71\u97ff\uff0c\u5206\u70ba\u4ee5\u4e0b\u5e7e\u500b\u90e8\u5206\uff1a<\/p>\n<p><!--more--><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">\u672c\u6587\u5e02\u5834\u5148\u751f\u6703\u544a\u8a34\u4f60\uff1a<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-661210b9a93d8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 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class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=/index.html"https:\/\/\/what-10y-treasury-yield\/#%E7%BE%8E%E5%9C%8B10%E5%B9%B4%E6%9C%9F%E5%85%AC%E5%82%B5%E6%AE%96%E5%88%A9%E7%8E%87%E5%B0%8D%E7%B6%93%E6%BF%9F%E6%9C%89%E4%BB%80%E9%BA%BC%E5%BD%B1%E9%9F%BF%EF%BC%9F\" title=\"\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u5c0d\u7d93\u6fdf\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u5c0d\u7d93\u6fdf\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=/index.html"https:\/\/\/what-10y-treasury-yield\/#%E5%9B%9E%E6%B8%AC%E6%AD%B7%E5%8F%B2%E8%82%A1%E5%B8%82%E5%A4%A7%E4%BA%8B%E4%BB%B6%E8%88%87%E7%BE%8E%E5%9C%8B10%E5%B9%B4%E6%9C%9F%E5%85%AC%E5%82%B5%E6%AE%96%E5%88%A9%E7%8E%87%E7%9A%84%E9%97%9C%E4%BF%82\" title=\"\u56de\u6e2c\u6b77\u53f2\u80a1\u5e02\u5927\u4e8b\u4ef6\u8207\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u7684\u95dc\u4fc2\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u56de\u6e2c\u6b77\u53f2\u80a1\u5e02\u5927\u4e8b\u4ef6\u8207\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u7684\u95dc\u4fc2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=/index.html"https:\/\/\/what-10y-treasury-yield\/#%E5%BF%AB%E9%80%9F%E9%87%8D%E9%BB%9E%E6%95%B4%E7%90%86%EF%BC%9A10%E5%B9%B4%E6%9C%9F%E5%85%AC%E5%82%B5%E6%AE%96%E5%88%A9%E7%8E%87%E5%85%B7%E6%9C%89%E5%93%AA%E4%BA%9B%E6%8C%87%E6%A8%99%E6%84%8F%E7%BE%A9%EF%BC%9F\" title=\"\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1a10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u5177\u6709\u54ea\u4e9b\u6307\u6a19\u610f\u7fa9\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1a10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u5177\u6709\u54ea\u4e9b\u6307\u6a19\u610f\u7fa9\uff1f<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%E7%BE%8E%E5%9C%8B%E5%85%AC%E5%82%B5%E6%AE%96%E5%88%A9%E7%8E%87%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387\u662f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387(\u82f1\u6587: U.S. Treasury Yield \u6216 U.S. Bond Yield)\u662f\u6295\u8cc7\u4eba\u81ea\u8cb7\u5165\u7f8e\u570b\u516c\u50b5\u958b\u59cb\u3001\u672a\u4f86\u6301\u6709\u6642\u53ef\u9818\u53d6\u7684\u5229\u606f\u3001\u76f4\u5230\u5230\u671f\u5f8c\u62ff\u56de\u672c\u91d1\u7684\u9019\u500b\u904e\u7a0b\u4f86\u63a8\u7b97\u51fa\u7684\u5e74\u5316\u5831\u916c\u7387\u3002<\/p>\n<p>\u4e5f\u5c31\u662f\u8aaa\uff0c\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387\u5c31\u662f\u8cb7\u5165\u7f8e\u570b\u516c\u50b5~\u516c\u50b5\u5230\u671f\u70ba\u6b62\u7684\u6295\u8cc7\u5831\u916c\u7387\u3002<\/p>\n<blockquote><p>\u88dc\u5145\uff1a<\/p>\n<p>\u7f8e\u570b\u516c\u50b5\u901a\u5e38\u662f\u6295\u8cc7\u4eba\u5fc5\u9808\u8a8d\u8b58\u7684\u50b5\u5238\uff0c\u539f\u56e0\u662f\u4e00\u822c\u7684\u516c\u53f8\u50b5\uff0c\u9700\u8981\u984d\u5916\u8003\u91cf\u516c\u53f8\u7684\u71df\u904b\u98a8\u96aa\uff0c\u800c\u7f8e\u570b\u516c\u50b5\u4e00\u822c\u88ab\u8a8d\u70ba\u4e0d\u6703\u9055\u7d04\uff0c\u5df2\u7d93\u5c07\u516c\u53f8\u50b5\u53ef\u80fd\u9047\u5230\u7684\u5176\u4ed6\u98a8\u96aa\u56e0\u7d20(\u4fe1\u7528\u9055\u7d04)\u6392\u9664\u5728\u5916\uff0c\u5c6c\u65bc\u9055\u7d04\u98a8\u96aa\u6700\u4f4e\u7684\u50b5\u5238\uff0c\u5b89\u5168\u6027\u8207\u9280\u884c\u5b9a\u5b58\u5e7e\u4e4e\u53ef\u4ee5\u756b\u4e0a\u7b49\u865f\u3002<\/p>\n<p>\u60f3\u4e86\u89e3\u7f8e\u570b\u516c\u50b5\u7684\u66f4\u591a\u8cc7\u8a0a\uff0c\u53ef\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/t-bill-vs-t-note-vs-t-bond\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7f8e\u570b\u516c\u50b5\u662f\u4ec0\u9ebc\uff1f\u600e\u9ebc\u8cb7\uff1f<\/a><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%E7%BE%8E%E5%9C%8B10%E5%B9%B4%E6%9C%9F%E5%85%AC%E5%82%B5%E6%AE%96%E5%88%A9%E7%8E%87%E6%98%AF%E4%BB%80%E9%BA%BC\"><\/span>\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u662f\u4ec0\u9ebc?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387(\u82f1\u6587: 10-Year U.S. Treasury Yield)\u610f\u601d\u662f\u6307\uff0c\u6295\u8cc7\u4eba\u8cb7\u5165\u7f8e\u570b\u516c\u50b510\u5e74\u671f\u81f3\u5230\u671f\u7684\u6295\u8cc7\u5831\u916c\u7387\uff0c\u901a\u5e38\u4e5f\u662f\u6307\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u7684\u5230\u671f\u6b96\u5229\u7387\u3002<\/p>\n<p>\u6b96\u5229\u7387\u6709\u5206\u5f88\u591a\u7a2e\uff0c\u4f8b\u5982\u7576\u671f\u6b96\u5229\u7387\u3001\u5230\u671f\u6b96\u5229\u7387\u3001\u8d16\u56de\u6b96\u5229\u7387\uff0c\u4f46\u901a\u5e38\u5728\u50b5\u5238\u4e2d\u8ac7\u5230\u6b96\u5229\u7387\uff0c\u5927\u90e8\u5206\u662f\u6307\u5230\u671f\u6b96\u5229\u7387\u3002<\/p>\n<p>\u5982\u679c\u60f3\u4e86\u89e3\u5404\u7a2e\u6b96\u5229\u7387\u7684\u66f4\u591a\u8cc7\u8a0a\uff0c\u53ef\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/4-types-bond-rate\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6b96\u5229\u7387\u662f\u4ec0\u9ebc\uff1f<\/a><\/p>\n<h3>\u70ba\u4ec0\u9ebc\u7f8e\u570b10\u5e74\u671f\u7684\u516c\u50b5\u6b96\u5229\u7387\u5e38\u5e38\u807d\u5230\uff1f<\/h3>\n<p>\u7f8e\u570b\u516c\u50b5\u6709\u5206\u77ed\u671f(2\u5e74\u4ee5\u4e0b)\u3001\u4e2d\u671f(2~10\u5e74\u3001\u4e5f\u6709\u8aaa\u6cd5\u662f5~10\u5e74)\u3001\u9577\u671f(10\u5e74\u4ee5\u4e0a)\u7b49\u671f\u9593\uff0c\u90a3\u70ba\u4ec0\u9ebc\u8b1b\u5230\u516c\u50b5\u6b96\u5229\u7387\u6642\uff0c10\u5e74\u671f\u8981\u7279\u5225\u62ff\u51fa\u4f86\u8a0e\u8ad6\u5462\uff1f<\/p>\n<p>\u56e0\u70ba\u77ed\u671f\u516c\u50b5\u56e0\u70ba\u671f\u9650\u5f88\u77ed\uff0c\u57fa\u672c\u4e0a\u7b49\u540c\u65bc\u73fe\u91d1\uff0c\u9577\u671f\u516c\u50b5\u5c0d\u5229\u7387\u53c8\u904e\u65bc\u654f\u611f\uff0c10\u5e74\u671f\u516c\u50b5\u5247\u8655\u65bc\u5169\u8005\u4e4b\u9593\uff0c\u6240\u4ee5\u5e38\u6703\u88ab\u5e02\u5834\u7576\u4f5c\u89c0\u5bdf\u672a\u4f86\u7d93\u6fdf\u8b8a\u5316\u548c\u64cd\u4f5c\u8ca8\u5e63\u653f\u7b56\u7684\u6307\u6a19\uff0c\u6295\u8cc7\u4eba\u4e5f\u5e38\u900f\u904e10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u7684\u8b8a\u5316\uff0c\u89c0\u5bdf\u80a1\u5e02\u52d5\u5411\u3002<\/p>\n<h3>\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u662f\u600e\u9ebc\u8a08\u7b97\u6c7a\u5b9a\u7684\uff1f<\/h3>\n<p>\u7f8e\u570b\u653f\u5e9c\u6703\u5b9a\u671f\u62cd\u8ce3\u7f8e\u570b\u516c\u50b5\uff0c\u9019\u4e9b\u516c\u50b5\u5247\u6703\u7531\u8a31\u591a\u6a5f\u69cb\u7af6\u50f9\u5f97\u6a19\uff0c\u4e26\u6839\u64da\u4eba\u5011\u7576\u4e0b\u5c0d\u5e02\u5834\u7684\u6050\u614c\u7a0b\u5ea6\u3001\u5c0d\u672a\u4f86\u5229\u7387\u7684\u9810\u671f\u7b49\u7b49\u56e0\u7d20\uff0c\u4f86\u6c7a\u5b9a\u6700\u7d42\u7af6\u62cd\u7684\u50f9\u683c\u3002<\/p>\n<p>\u50b5\u5238\u6700\u7d42\u51fa\u50f9\u8d8a\u9ad8\u3001\u6b96\u5229\u7387\u5c31\u8d8a\u4f4e\uff0c\u4ee3\u8868\u4eba\u5011\u722d\u5148\u6050\u5f8c\u7684\u60f3\u8981\u628a\u8cc7\u91d1\u8f49\u79fb\u5230\u4f4e\u98a8\u96aa\u7684\u8cc7\u7522\u4e0a\uff0c\u907f\u96aa\u9700\u6c42\u5f37\u3002<\/p>\n<p>\u50b5\u5238\u6700\u7d42\u51fa\u50f9\u8d8a\u4f4e\u3001\u6b96\u5229\u7387\u5c31\u8d8a\u9ad8\uff0c\u4ee3\u8868\u4eba\u5011\u89ba\u5f97\u5176\u4ed6\u5730\u65b9\u7684\u6295\u8cc7\u6a5f\u6703\u66f4\u597d\u3002<\/p>\n<p><span style=\"background-color: #fff1cc;\">\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u610f\u7fa9\uff1a\u53cd\u6620\u5e02\u5834\u60c5\u7dd2\uff0c\u4ee5\u53ca\u5c0d\u672a\u4f86\u5229\u7387\u9810\u671f\u3002<\/span><\/p>\n<p>\u7f8e\u570b\u7684\u50b5\u5238\u767c\u884c\u6709\u5206\u4e0d\u540c\u7684\u671f\u5225\uff0c\u5206\u70ba\u77ed\u671f\u3001\u4e2d\u671f\u548c\u9577\u671f\u50b5\u5238\u3002<\/p>\n<ul>\n<li>\u77ed\u671f\u50b5\u5238\uff1a2\u5e74\u4ee5\u4e0b\u3002<\/li>\n<li>\u4e2d\u671f\u50b5\u5238\uff1a2~10\u5e74\u3001\u4e5f\u6709\u8aaa\u6cd5\u662f5~10\u5e74\u3002<\/li>\n<li>\u9577\u671f\u50b5\u5238\uff1a10\u5e74\u4ee5\u4e0a\u3002<\/li>\n<\/ul>\n<p>\u7d9c\u89c0\u77ed\u4e2d\u9577\u671f\u516c\u50b5\uff0c\u77ed\u671f\u516c\u50b5\u7b49\u540c\u73fe\u91d1\uff0c\u5e7e\u4e4e\u6c92\u53d7\u5229\u7387\u98a8\u96aa\u5f71\u97ff\uff0c\u800c\u9577\u671f\u50b5\u5c0d\u5229\u7387\u53c8\u904e\u65bc\u654f\u611f\uff0c<br \/>\n\u4e2d\u671f\u516c\u50b5\u5247\u4ecb\u65bc\u4e2d\u9593\u3002<\/p>\n<blockquote><p>10\u5e74\u671f\u516c\u50b5\u5c6c\u65bc\u4e2d\u671f\u50b5\u5238\uff0c\u7279\u6027\u662f\u53ef\u80fd\u6709\u4e00\u9ede\u5229\u7387\u98a8\u96aa\uff0c\u4f46\u5c0d\u5229\u7387\u53c8\u4e0d\u6703\u904e\u65bc\u654f\u611f\uff0c<br \/>\n\u6240\u4ee5\u5e02\u5834\u4e0a\u5e38\u4ee510\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u8b8a\u5316\uff0c\u4f5c\u70ba\u89c0\u5bdf\u7d93\u6fdf\u8b8a\u5316\u7684\u6307\u6a19\u4e4b\u4e00\u3002<\/p>\n<p>\u5b83\u672c\u8eab\u6392\u9664\u4e86\u9055\u7d04\u98a8\u96aa\u5f71\u97ff\uff0c\u5c0d\u5229\u7387\u8b8a\u5316\u53cd\u61c9\u9069\u4e2d\uff0c<br \/>\n\u50c5\u53d7\u5e02\u5834\u60c5\u7dd2\u3001\u5229\u7387\u8b8a\u5316\u7b49\u56e0\u7d20\u5f71\u97ff\uff0c\u9069\u5408\u7528\u4f86\u4f5c\u70ba\u8861\u91cf\u5e02\u5834\u60c5\u7dd2\u8207\u672a\u4f86\u9810\u671f\u7684\u6307\u6a19\u3002<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%E7%BE%8E%E5%9C%8B10%E5%B9%B4%E6%9C%9F%E5%85%AC%E5%82%B5%E6%AE%96%E5%88%A9%E7%8E%87%E8%A1%A8%E7%8F%BE_vs_%E8%82%A1%E5%B8%82%E8%A1%A8%E7%8F%BE\"><\/span>\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u8868\u73fe vs \u80a1\u5e02\u8868\u73fe<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u901a\u5e38<strong>\u50b5\u5238\u548c\u80a1\u5e02\u7684\u95dc\u4fc2\u6703\u6210\u53cd\u6bd4\uff0c\u96d6\u7136\u4e26\u975e100%\u60c5\u6cc1\u90fd\u662f\u9019\u6a23\uff0c\u4f46\u8f03\u9ad8\u6bd4\u4f8b\u7684\u6642\u9593\u90fd\u662f\u5982\u6b64<\/strong>\u3002<\/p>\n<p>\u7f8e\u570b\u516c\u50b5\u4e00\u5411\u88ab\u6295\u8cc7\u4eba\u8996\u70ba\u76f8\u5c0d\u5b89\u5168\u7684\u8cc7\u7522\uff0c\u4e00\u65e6\u5e02\u5834\u666f\u6c23\u6709\u6240\u6539\u8b8a\uff0c\u516c\u50b5\u6b96\u5229\u7387\u7684\u8b8a\u5316\u4e5f\u6703\u5f71\u97ff\u6295\u8cc7\u4eba\u5728\u80a1\u5e02\u7684\u6c7a\u7b56\u3002<\/p>\n<p>\u8981\u6ce8\u610f\u7684\u662f\uff0c\u9019\u4e26\u4e0d\u662f\u8aaa10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u6709\u9818\u5148\u53cd\u61c9\u7684\u4f5c\u7528\uff0c\u50b5\u5e02\u548c\u80a1\u5e02\u7684\u95dc\u806f\u6027\u5f80\u5f80\u662f\u540c\u6b65\u3002<\/p>\n<h3><span style=\"font-size: 20px; color: 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#333333;\">\u5e02\u5834\u60c5\u7dd2\u6050\u614c\uff0c10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u4e0b\u8dcc\uff0c\u8cc7\u91d1\u6d41\u5411\u50b5\u5e02<\/span><\/h3>\n<p>\u76f8\u53cd\u7684\uff0c\u7576\u5e02\u5834\u6050\u614c\uff0c\u6295\u8cc7\u4eba\u6703\u8f49\u5411\u6295\u8cc7\u7a69\u5b9a\u5b89\u5168\u7684\u5546\u54c1\uff08\u4f8b\u5982\uff1a\u50b5\u5238\uff09\uff0c\u6240\u4ee5\u8cc7\u91d1\u6703\u6d41\u5411\u50b5\u5238\uff0c\u9019\u6642\u5f88\u591a\u4eba\u8981\u8cb7\u50b5\u5238\uff0c\u6240\u4ee5\u50b5\u5238\u50f9\u683c\u5c31\u6703\u4e0a\u6f32\u3002<\/p>\n<p>\u800c\u5728\u50b5\u5238\u50f9\u683c\u4e0a\u6f32\u6642\u8cb7\u5165\u50b5\u5238\u7684\u6295\u8cc7\u4eba\uff0c\u624b\u4e2d\u7684\u50b5\u5238\u5230\u671f\u6b96\u5229\u7387\uff08\u5831\u916c\u7387\uff09\u81ea\u7136\u6bd4\u8f03\u4f4e\u3002<br \/>\n\uff08\u9019\u662f\u5047\u8a2d\u5230\u671f\u6b96\u5229\u7387\u6c92\u6709\u56e0\u70ba\u653f\u5e9c\u5229\u7387\u6216\u5e02\u5834\u60c5\u7dd2\u5f71\u97ff\u7684\u72c0\u6cc1\u4e4b\u4e0b\uff09\u3002<\/p>\n<p>\u4f8b\u5982\uff1a\u539f\u672c\u50b5\u5238\u662f100\u5143\uff0c\u5230\u671f\u6b96\u5229\u73872%\uff0c\u6700\u8fd1\u8cc7\u91d1\u6d41\u5411\u50b5\u5e02\uff0c\u50b5\u5238\u884c\u60c5\u4e0a\u6f32\uff0c\u50f9\u683c\u6f32\u5230150\u5143\uff0c\u5230\u671f\u6b96\u5229\u7387\u81ea\u7136\u5c31\u6703\u4f4e\u65bc2%\u3002<\/p>\n<blockquote><p>\u5feb\u901f\u5c0f\u7d50\uff1a<br \/>\n\u50b5\u5238\u50f9\u683c\u6ce2\u52d5\u6703\u5f71\u97ff\u50b5\u5238\u6b96\u5229\u7387\uff0c\u5169\u8005\u662f\u53cd\u5411\u95dc\u4fc2\uff0c<br \/>\n\u50b5\u5238\u50f9\u683c\u4e0b\u8dcc\uff0c\u6b96\u5229\u7387\u5c31\u6703\u4e0a\u5347\uff1b\u50b5\u5238\u50f9\u683c\u4e0a\u5347\uff0c\u6b96\u5229\u7387\u5c31\u6703\u4e0b\u8dcc\u3002<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%E7%BE%8E%E5%9C%8B10%E5%B9%B4%E6%9C%9F%E5%85%AC%E5%82%B5%E6%AE%96%E5%88%A9%E7%8E%87%E5%B0%8D%E7%B6%93%E6%BF%9F%E6%9C%89%E4%BB%80%E9%BA%BC%E5%BD%B1%E9%9F%BF%EF%BC%9F\"><\/span>\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u5c0d\u7d93\u6fdf\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u96d6\u7136\u8aaa10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u9ad8\u4f4e\uff0c\u662f\u53cd\u6620\u4eba\u5011\u5c0d\u672a\u4f86\u7d93\u6fdf\u7684\u9810\u671f\uff0c<br \/>\n\u4f46\u5b83\u4e5f\u53ef\u4ee5\u53cd\u904e\u4f86\u4f5c\u70ba\u653f\u5e9c\u592e\u884c\u548c\u5c0d\u672a\u4f86\u4e00\u4e9b\u8ca8\u5e63\u653f\u7b56\u65b9\u5411\u7684\u5224\u65b7\u4f9d\u64da\uff0c\u9032\u800c\u5f71\u97ff\u672a\u4f86\u7d93\u6fdf\u3002<\/p>\n<p>\u56e0\u70ba\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u626e\u6f14\u8457\u4e2d\u7acb\u89d2\u8272\uff0c\u4ee3\u8868\u8457\u77ed\u671f\u5229\u7387\u548c\u672a\u4f86\u9577\u671f\u7d93\u6fdf\u9810\u6e2c\u7684\u4e2d\u9593\u503c\u3002<\/p>\n<p>\u5b83\u6703\u88ab\u8a31\u591a\u6a5f\u69cb\u7528\u4f86\u4f5c\u70ba\u8861\u91cf\u5229\u7387\u6c34\u6e96\u7684\u57fa\u6e96\u6307\u6a19\uff0c<br \/>\n\u806f\u6e96\u6703\u4e5f\u6703\u4ee5\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u4f5c\u70ba\u6307\u6a19\u4e4b\u4e00\uff0c\u9032\u884c\u64cd\u4f5c\u7dca\u7e2e\u6216\u662f\u5bec\u9b06\u7684\u8ca8\u5e63\u653f\u7b56\u5224\u65b7\u3002<\/p>\n<h3>\u6839\u64da\u6b96\u5229\u7387\u7684\u4e0a\u5347\u8207\u4e0b\u964d\uff0c\u592e\u884c\u6703\u63a1\u53d6\u7684\u8ca8\u5e63\u653f\u7b56<\/h3>\n<p>\u7576<strong>10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u4e0a\u5347<\/strong>\uff0c\u4ee3\u8868\u666f\u6c23\u5fa9\u7526\uff0c<br \/>\n\u592e\u884c\u6703\u63a1\u53d6<strong>\u8ca8\u5e63\u7dca\u7e2e\u653f\u7b56(\u653f\u5e9c\u9010\u6f38\u6536\u56de\u8cc7\u91d1)<\/strong>\uff0c\u4f86\u7de9\u548c\u5e02\u5834\u904e\u71b1\u7684\u60c5\u6cc1\u3002<\/p>\n<p>\u7576<strong>10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u4e0b\u964d<\/strong>\uff0c\u4ee3\u8868\u666f\u6c23\u8870\u9000\uff0c<br \/>\n\u592e\u884c\u63a1<strong>\u53d6\u8ca8\u91cf\u5316\u5bec\u9b06\u653f\u7b56(\u7c21\u7a31QE\uff0c\u653f\u5e9c\u6492\u9322)<\/strong>\uff0c\u4f86\u523a\u6fc0\u5e02\u5834\u4e0a\u7684\u8cc7\u91d1\u6d41\u52d5\uff0c<br \/>\n\u800c\u57f7\u884c\u91cf\u5316\u5bec\u9b06\u653f\u7b56\u6709\u53ef\u80fd\u6703\u9020\u6210<a href=/index.html"https:\/\/\/blog-post_17-8\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u901a\u8ca8\u81a8\u8139<\/a>\uff0c\u751a\u81f3\u5f71\u97ff\u6c11\u751f\u7d93\u6fdf\u3002<\/p>\n<p>\u8209\u80a1\u5e02\u8207\u50b5\u5e02\u7684\u4f8b\u5b50\u4f86\u8aaa\uff0c<br \/>\n\u7576\u767c\u751f\u9ed1\u5929\u9d5d\u4e8b\u4ef6\uff0c\u5e02\u5834\u6703\u9677\u5165\u6050\u614c\uff0c\u6295\u8cc7\u4eba\u8b8a\u5f97\u4fdd\u5b88\uff0c\u6703\u5f9e\u98a8\u96aa\u9ad8\u7684\u80a1\u5e02\u5c07\u8cc7\u91d1\u62ff\u51fa\uff0c\u8f49\u6295\u5165\u5728\u98a8\u96aa\u8f03\u4f4e\u7684\u7f8e\u570b\u516c\u50b5\uff0c\u4e00\u65e6\u5927\u5bb6\u6436\u8457\u8cb7\u7f8e\u570b\u516c\u50b5\uff0c\u9019\u6642\u5019\u8cb7\u5165\u7684\u50b5\u5238\u50f9\u683c\u8f03\u9ad8\uff0c\u5c31\u6703\u5c0e\u81f4\u5230\u516c\u50b5\u671f\u6b96\u5229\u7387(\u5831\u916c\u7387)\u8b8a\u4f4e\u3002<\/p>\n<p>\u9019\u6642\uff0c\u653f\u5e9c\u70ba\u4e86\u523a\u6fc0\u5e02\u5834\uff0c\u60f3\u8981\u6d3b\u7d61\u5e02\u5834\u4e0a\u7684\u8cc7\u91d1\u6d41\u52d5\uff0c\u5404\u570b\u592e\u884c\u6703\u63a1\u53d6\u91cf\u5316\u5bec\u9b06\u653f\u7b56\uff0c\u9280\u884c\u8abf\u964d\u5229\u7387\uff0c\u4ee5\u80a1\u5e02\u4f86\u8aaa\uff0c\u6295\u8cc7\u4eba\u53d6\u5f97\u8cc7\u91d1\u7684\u6210\u672c\u8b8a\u4f4e\u4e86\uff0c\u8cc7\u91d1\u5c31\u6703\u8f49\u800c\u518d\u6295\u5165\u80a1\u5e02\uff0c\u9054\u5230\u523a\u6fc0\u8cc7\u91d1\u6d41\u52d5\u7684\u6548\u679c\u3002<\/p>\n<p>\u4e0b\u5716\u70ba\u7f8e\u570b\u516c\u50b5\u7684\u6b96\u5229\u7387\uff0c\u5305\u62ec\u806f\u6e96\u6703\u5229\u7387\u53ca10\u5e74\u516c\u50b5\u5229\u7387\u3002<\/p>\n<p>\u53ef\u4ee5\u89c0\u5bdf\u5230\uff0c\u7d93\u6fdf\u6050\u614c\u6642\u671f\uff0c\u5f80\u5f80\u5f8c\u7e8c\u6703\u4f34\u96a8\u8457\u5229\u7387\u4e0b\u964d\u7684\u653f\u7b56\uff08\u4eba\u5011\u4e5f\u6703\u5c0d\u6b64\u6709\u9810\u671f\uff09\uff0c<br \/>\n\u56e0\u6b64\u9032\u800c\u5f71\u97ff10\u5e74\u516c\u50b5\u6b96\u5229\u7387\u5f80\u4e0b\u964d\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-29112\" src=/index.html"https:\/\/\/wp-content\/uploads\/20211201152059_28.jpg\" alt=\"\" width=\"961\" height=\"624\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E5%9B%9E%E6%B8%AC%E6%AD%B7%E5%8F%B2%E8%82%A1%E5%B8%82%E5%A4%A7%E4%BA%8B%E4%BB%B6%E8%88%87%E7%BE%8E%E5%9C%8B10%E5%B9%B4%E6%9C%9F%E5%85%AC%E5%82%B5%E6%AE%96%E5%88%A9%E7%8E%87%E7%9A%84%E9%97%9C%E4%BF%82\"><\/span>\u56de\u6e2c\u6b77\u53f2\u80a1\u5e02\u5927\u4e8b\u4ef6\u8207\u7f8e\u570b10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u7684\u95dc\u4fc2<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u5f9e\u5e7e\u6b21\u7684\u6b77\u53f2\u80a1\u5e02\u5927\u4e8b\u4ef6\uff0c\u56de\u9867\u7f8e\u570b<a href=/index.html"https:\/\/\/what-is-sp500-index\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">S&amp;P500<\/a>\u80a1\u5e02\u820710\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u8d70\u52e2\uff0c\u627e\u51fa\u80a1\u5e02\u548c\u50b5\u5238\u9593\u7684\u95dc\u4fc2\u3002<\/p>\n<h3>\u7f8e\u570b10\u5e74\u516c\u50b5\u6b96\u5229\u7387\u4e0b\u8dcc\u8207\u80a1\u5e02\u7684\u95dc\u806f\u6027<\/h3>\n<p><strong>\u6307\u6578\u5728\u4e0d\u540c\u6642\u671f\u7684\u8868\u73fe\u610f\u7fa9\u90fd\u4e0d\u540c\u3002<\/strong><\/p>\n<p>\u4ee5\u4e0b\u5de6\u8ef8\u662f\u516c\u50b5\u6b96\u5229\u7387\uff0c\u53f3\u8ef8\u662f\u7528<a href=/index.html"https:\/\/\/what-is-shiller-pe-0\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5e2d\u52d2\u672c\u76ca\u6bd4(PE 10)<\/a>\u4f86\u8861\u91cf\u6574\u9ad4\u5927\u76e4\u7684\u50f9\u683c\u9ad8\u4f4e\uff0c<\/p>\n<p>\u8209\u4f8b\u4f86\u8aaa\uff0c10\u5e74\u524d\u5e02\u5834\u898f\u6a21\u53ea\u67091\u5146\uff0c\u7576\u6642\u80a1\u5e02\u6307\u65781500\u9ede\uff0c\u4f46\u73fe\u5728\u5e02\u5834\u898f\u6a21\u5df2\u6210\u9577\u70ba2\u5146\uff0c\u80a1\u5e02\u6307\u6578\u548c10\u5e74\u524d\u4e5f\u4e0d\u6703\u76f8\u540c\uff0c<br \/>\n\u56e0\u6b64\u4e0d\u7528\u5927\u76e4\u6307\u6578\uff0c\u800c\u662f\u7528\u5e2d\u52d2\u672c\u76ca\u6bd4\uff0c\u66f4\u80fd\u53cd\u6620\u5e02\u5834\u8caa\u5a6a\u6050\u614c\u60c5\u7dd2\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-28137\" src=/index.html"https:\/\/\/wp-content\/uploads\/20211110151812_55.jpg\" alt=\"\u6b77\u53f2\u80a1\u5e02\u4e8b\u4ef6-10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387-\u5f71\u97ff\" width=\"707\" height=\"446\" srcset=\"https:\/\/\/wp-content\/uploads\/20211110151812_55.jpg 1770w, https:\/\/\/wp-content\/uploads\/20211110151812_55-1536x968.jpg 1536w\" sizes=\"(max-width: 707px) 100vw, 707px\" \/><\/p>\n<p>\u6b77\u53f2\u4e0a4\u500b\u80a1\u5e02\u7a7a\u982d\u5927\u4e8b\u4ef6\uff1a<\/p>\n<p><strong>\u968e\u6bb51\uff1a2000-2003\u5e74 (\u80a1\u5e02\u5927\u4e8b\u4ef6-\u7db2\u8def\u6ce1\u6cab)<\/strong><\/p>\n<p>\u4e0a\u8868\u85cd\u8272\u7dda(\u5e2d\u52d2\u672c\u76ca\u6bd4)\u5f9e2000\u5e74\u6700\u9ad8\u9ede\uff0c\u4e00\u8def\u4e0b\u8dcc\u52302003\u5e74\uff0c<br \/>\n\u7576\u6642\u5e02\u5834\u8513\u5ef6\u6050\u614c\u60c5\u7dd2\uff0c\u4e0d\u9858\u518d\u7528\u9ad8\u50f9\u8cb7\u80a1\u7968\uff0c\u8f49\u800c\u9078\u64c7\u5b89\u5168\u7684\u50b5\u5238\uff0c<br \/>\n\u800c\u6a58\u8272\u7dda(10\u5e74\u516c\u50b5\u6b96\u5229\u7387)\u56e0\u70ba\u5e02\u5834\u9700\u6c42\u8b8a\u591a\uff0c\u5f9e2000\u5e747%\u6b96\u5229\u7387\u4e00\u8def\u964d\u52302003\u5e744%\u5de6\u53f3\u3002<\/p>\n<p><strong>\u968e\u6bb52\uff1a2007-2009\u5e74 (\u80a1\u5e02\u5927\u4e8b\u4ef6-\u91d1\u878d\u6d77\u562f)<\/strong><\/p>\n<p>\u85cd\u8272\u7dda(\u5e2d\u52d2\u672c\u76ca\u6bd4)\u57282007\u5e74\u958b\u59cb\u4e0b\u8dcc\uff0c\u7531\u65bc\u80a1\u5e02\u4e0b\u8dcc\uff0c\u8cc7\u91d1\u540c\u6a23\u6d41\u5165\u6bd4\u8f03\u5b89\u5168\u7684\u50b5\u5238\u3002<\/p>\n<p>\u9019\u6642\u5019\u7684\u50b5\u5238\u6b96\u5229\u7387\u4e5f\u4e0d\u80fd\u8f15\u6613\u4e0a\u5347\uff0c\u5426\u5247\u5e02\u5834\u6703\u7522\u751f\u80a1\u5e02\u672a\u4f86\u6703\u66f4\u6050\u614c\u7684\u60c5\u7dd2\uff0c\u53ef\u4ee5\u770b\u5230\u6a58\u8272\u7dda(10\u5e74\u516c\u50b5\u6b96\u5229\u7387)\u56e0\u6b64\u4e00\u8def\u5f9e2007\u5e74\u5f80\u4e0b\u964d\u3002<\/p>\n<p><strong>\u968e\u6bb53\uff1a2018-2019\u5e74 (\u80a1\u5e02\u5927\u4e8b\u4ef6-\u4e2d\u7f8e\u8cbf\u6613)<\/strong><br \/>\n\u9019\u500b\u885d\u64ca\u5e45\u5ea6\u96d6\u7136\u6c92\u6709\u524d\u5e7e\u6b21\u5927\uff0c\u4f46<span style=\"color: #333333;\">\u5e02\u5834\u7684\u5e38\u7406\u5c31\u662f\u54ea\u88e1\u5831\u916c\u7387\u9ad8\uff0c\u8cc7\u91d1\u6d41\u5411\u54ea\u88e1\u3002<\/span><\/p>\n<p>\u540c\u6a23\u53ef\u4ee5\u89c0\u5bdf\u5230\u9019\u6b21\u80a1\u5e02\u4e0b\u8dcc\uff0c\u8cc7\u91d1\u6d41\u5411\u6bd4\u8f03\u5b89\u5168\u7684\u50b5\u5238\uff0c\u5c0e\u81f4\u516c\u50b5\u6b96\u5229\u7387<span style=\"color: #ff0000;\"><span style=\"color: #333333;\">\u4e5f\u4e00\u8def\u4e0b\u6ed1\u3002<\/span><\/span><\/p>\n<p><strong>\u968e\u6bb54\uff1a2020\u5e74 (\u80a1\u5e02\u5927\u4e8b\u4ef6-Covid-19\u65b0\u51a0\u80ba\u708e)<\/strong><br \/>\n\u65b0\u51a0\u80ba\u708e\u96d6\u7136\u662f\u610f\u5916\uff0c\u80a1\u5e02\u5f9e2019\u5e74\u5e95\u4e0b\u6ed1\uff0c\u76f4\u52302020\u5e743\u6708\u50f9\u683c\u4f4e\u9ede\uff0c\u800c\u50b5\u5e02\u7684\u6b96\u5229\u7387\u4e5f\u5e7e\u4e4e\u5728\u540c\u6642\u9593\u9ede\u5411\u4e0b\u964d\u3002<\/p>\n<p><strong>\u5c0f\u7d50\uff1a\u5f9e\u90194\u500b\u7a7a\u982d\u6642\u671f\uff0c\u53ef\u4ee5\u89c0\u5bdf\u5230\u80a1\u5e02\u6050\u614c\u6642\u5171\u540c\u7279\u6027\u90fd\u662f\uff1a<\/strong><\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u80a1\u5e02\u5927\u8dcc\u3001\u5e02\u5834\u6050\u614c\u3001\u5e2d\u52d2\u672c\u76ca\u6bd4\u5feb\u901f\u4e0b\u964d<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u6b96\u5229\u7387\u4e00\u8def\u4e0b\u964d<\/span><\/li>\n<\/ul>\n<p>\u5176\u4e2d\u6b96\u5229\u7387\u4e0b\u964d\uff0c\u6709\u5305\u62ec\u4eba\u5011\u5c07\u8cc7\u91d1\u6d41\u5411\u50b5\u5e02\u7684\u56e0\u7d20\uff0c\u4e5f\u6709\u4f34\u96a8\u8457\u653f\u7b56\u5e36\u4f86\u7684\u964d\u606f\u56e0\u7d20\uff0c\u90fd\u5c0e\u81f410\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u51fa\u73fe\u4e0d\u540c\u7a0b\u5ea6\u7684\u4e0b\u964d\u3002<\/p>\n<h3>\u7f8e\u570b10\u5e74\u516c\u50b5\u6b96\u5229\u7387\u4e0a\u5347\u5c0d\u80a1\u5e02\u7684\u5f71\u97ff<\/h3>\n<p>\u6211\u5011\u518d\u63db\u500b\u89d2\u5ea6\uff0c\u89c0\u5bdf\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387\u4e0a\u5347\u5c0d\u80a1\u5e02\u6709\u4ec0\u9ebc\u5f71\u97ff\u3002<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-28408\" src=/index.html"https:\/\/\/wp-content\/uploads\/20211117093935_31.jpg\" alt=\"10\u5e74\u516c\u50b5\u6b96\u5229\u7387\u4e0a\u5347\u5c0d\u80a1\u5e02\u7684\u5f71\u97ff\" width=\"1688\" height=\"1117\" srcset=\"https:\/\/\/wp-content\/uploads\/20211117093935_31.jpg 1688w, https:\/\/\/wp-content\/uploads\/20211117093935_31-1536x1016.jpg 1536w\" sizes=\"(max-width: 1688px) 100vw, 1688px\" \/><\/p>\n<p><strong>\u968e\u6bb51: 2003\u5e74-2007\u5e74 (\u516c\u50b5\u6b96\u5229\u7387\u4e0a\u53473.8% \u279c 5.1%)<\/strong><\/p>\n<p>10\u5e74\u516c\u50b5\u6b96\u5229\u7387\u5f9e2003\u5e745\u6708\u7d043.8%\uff0c\u4e00\u8def\u52302007\u5e746\u6708\u4e0a\u5347\u5230\u7d045.1%\uff0c\u671f\u9593\u5e2d\u52d2\u672c\u76ca\u6bd4\u4e5f\u662f\u6301\u5e73\u7565\u70ba\u4e0a\u5347\uff0c\u7d04\u843d\u572820~30\u4e4b\u9593\u3002<\/p>\n<p>\u96a8\u5f8c\u4e0d\u5c0f\u5fc3\u6233\u7834\u80a1\u5e02\u6ce1\u6cab\uff0c\u96a8\u4e4b\u800c\u4f86\u7684\u662f2008\u5e74\u7684\u91d1\u878d\u6d77\u562f<br \/>\nS&amp;P 500\u5e2d\u52d2\u672c\u76ca\u6bd4\uff0c\u4e00\u8def\u5f9e2007\u5e74\u768427.55\u4e0b\u6ed1\u52302009\u5e743\u6708\uff0c\u672c\u76ca\u6bd4\u526913.32\uff0c\u4ee3\u8868\u76f8\u540c\u7684\u76c8\u9918\u6c34\u6e96\u4e0b\uff0c\u80a1\u50f9\u8dcc\u5e45\u5c07\u8fd150%\uff0c\u3002<\/p>\n<p><strong>\u968e\u6bb52: 2012\u5e74-2018\u5e74 (\u516c\u50b5\u6b96\u5229\u7387\u4e0a\u53471.6% \u279c 3.15%)<\/strong><\/p>\n<p>\u80a1\u7968\u56de\u6eab\u4e00\u6bb5\u6642\u9593\u5f8c\uff0c2012\u5e74\u50b5\u5238\u6b96\u5229\u7387\u5f9e1.6%\u958b\u59cb\u4e0a\u5347\uff0c<br \/>\n\u9019\u4e00\u6ce2\u7684\u9031\u671f\u62c9\u7684\u6bd4\u8f03\u9577\uff0c\u96d6\u7136\u770b\u5230\u4e2d\u9593\u6709\u7d93\u6b77\u80a1\u5e02\u4e0d\u7a69\uff0c\u6b96\u5229\u7387\u66ab\u7de9\u6f32\u5e45\uff0c\u4f46\u4e00\u8def\u4e5f\u662f\u7de9\u6162\u6f32\u52302018\u5e74\u6b96\u5229\u7387\u7d043.15%\u9ad8\u9ede\uff0c<br \/>\n\u4e0a\u5347\u671f\u9593\u5e2d\u52d2\u672c\u76ca\u6bd4\u4e5f\u5f9e20\u5de6\u53f3\u4e0a\u5347\u523030\u3002<\/p>\n<p>\u90a3\u4e4b\u5f8c\u80a1\u5e02\u53c8\u6709\u4e00\u6b21\u7565\u5927\u4e00\u9ede\u7684\u8dcc\u5e45\uff0c\u672c\u76ca\u6bd4\u5f9e2017\u5e74\u5e95\u768432.09\u4e0b\u6ed1\u52302018\u5e74\u5e95\u768428.29\uff0c\u8dcc\u5e45\u5c07\u8fd113%\u3002<\/p>\n<p><strong>\u900f\u904e\u4e0a\u8ff0\u6211\u5011\u53ef\u4ee5\u77e5\u9053\uff0c\u666f\u6c23\u3001\u50b5\u5238\u3001\u80a1\u5e02\u662f\u4e00\u500b\u4e92\u76f8\u5f71\u97ff\u7684\u5faa\u74b0\u3002<\/strong><\/p>\n<p>\u5728\u5faa\u74b0\u4e2d\uff0c\u8cc7\u91d1\u6703\u4e0d\u65b7\u7684\u6d41\u52d5\uff0c\u63a8\u52d5\u5404\u7a2e\u8cc7\u7522\u7684\u50f9\u683c\u3002<\/p>\n<h3>\u89c0\u5bdf\u516c\u50b5\u6b96\u5229\u7387\uff0c\u53ef\u4ee5\u7406\u89e3\u5e02\u5834\u7576\u4e0b\u71b1\u7d61\u7a0b\u5ea6\uff0c\u4f5c\u70ba\u5224\u65b7\u80a1\u5e02\u71b1\u5ea6\u7684\u53c3\u8003<\/h3>\n<p>\u5f9e\u5e7e\u6b21\u80a1\u5e02\u4e8b\u4ef6\u4e2d\u89c0\u5bdf\uff0c\u53ef\u4ee5\u767c\u73fe\u516c\u50b5\u6b96\u5229\u7387\u7684\u8b8a\u5316\u8207\u80a1\u5e02\u96d6\u7136\u4e0d\u662f\u7d55\u5c0d\u7684\u95dc\u4fc2\uff0c<br \/>\n\u4f46\u53ef\u4ee5\u770b\u5230\u4e00\u4e9b\u9031\u671f\u6027\u6216\u5faa\u74b0\uff0c<\/p>\n<p>\u4f8b\u5982\u4e00\u500b\u6bd4\u8f03\u5927\u50b5\u5238\u6b96\u5229\u7387\u4e0b\u964d\u8da8\u52e2\uff0c\u7576\u4e0b\u80a1\u5e02\u4e5f\u5728\u5927\u8dcc\uff0c\u800c\u5f8c\u9762\u5247\u6703\u8fce\u4f86\u80a1\u5e02\u4e0a\u6f32\u8207\u53cd\u5f48\uff0c<br \/>\n\u800c\u7576\u5e02\u5834\u666f\u6c23\u71b1\u7d61\uff0c\u80a1\u5e02\u4e0a\u5347\uff0c\u6b96\u5229\u7387\u4e5f\u4e0a\u5347\u6642\uff0c\u5f8c\u9762\u5f80\u5f80\u67d0\u4e9b\u6642\u523b\uff0c\u6703\u51fa\u73fe\u5927\u8dcc\u3002<\/p>\n<p>\u6b96\u5229\u7387\u4e0a\u5347\uff0c\u5f80\u5f80\u8aaa\u660e\u73fe\u5728\u666f\u6c23\u6b63\u71b1\u7d61\u3001\u5e02\u5834\u64d4\u6182\u5c11\uff0c\u4f46\u53ef\u80fd\u70ba\u672a\u4f86\u6ce1\u6cab\u7834\u88c2\u57cb\u4e0b\u4f0f\u7b46\u3002<br \/>\n\u6b96\u5229\u7387\u4e0b\u964d\uff0c\u5f80\u5f80\u8aaa\u660e\u73fe\u5728\u666f\u6c23\u6158\u6de1\uff0c\u5e02\u5834\u5145\u6eff\u6050\u614c\uff0c\u4f46\u5f8c\u7e8c\u53ef\u80fd\u8fce\u4f86\u5e02\u5834\u53cd\u5f48\u3002<\/p>\n<p>\u96d6\u713610\u5e74\u671f\u516c\u50b5\u503c\u5229\u7387\u4e0d\u662f\u89e3\u91cb\u80a1\u5e02\u50f9\u683c\u7684\u552f\u4e00\u56e0\u7d20\uff0c<br \/>\n<strong>\u5047\u8a2d\u73fe\u5728\u50b5\u5238\u6b96\u5229\u7387\u4e0a\u5347\uff0c\u53ef\u4ee5\u9810\u6e2c\u672a\u4f86\u7684\u80a1\u5e02\u4e0d\u78ba\u5b9a\u6027\u6216\u8a31\u6703\u8b8a\u9ad8\u3002<\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-27204\" src=/index.html"https:\/\/\/wp-content\/uploads\/20211023114420_83.jpg\" alt=\"\u89c0\u5bdf\u516c\u50b5\u6b96\u5229\u7387\u9810\u6e2c\u672a\u4f86\u80a1\u5e02\u52d5\u5411\" width=\"700\" height=\"467\" srcset=\"https:\/\/\/wp-content\/uploads\/20211023114420_83.jpg 1652w, https:\/\/\/wp-content\/uploads\/20211023114420_83-1536x1026.jpg 1536w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<blockquote><p><strong>\u5e02\u5834\u5148\u751f\u63d0\u793a\uff1a\u666f\u6c23\u5faa\u74b0\u7e3d\u6709\u9032\u5165\u4e0b\u4e00\u968e\u6bb5\u7684\u6642\u5019\uff0c\u4f46\u6211\u5011\u5176\u5be6\u5f88\u96e3\u7cbe\u6e96\u9810\u6e2c\u6642\u9593\u9ede\u3002<\/strong><\/p>\n<p>\u4f8b\u5982\uff1a<\/p>\n<p>\u4f8b\u5982\u4e0d\u770b\u597d\u7db2\u8def\u80a1\u7684\u8001\u864e\u57fa\u91d1\u7684\u77e5\u540d\u57fa\u91d1\u7d93\u7406\u4ebaJulian Robertson\uff0c1998\u5e74\u4ee5\u524d\u4e00\u5ea6\u7e3e\u6548\u8f1d\u714c\uff0c<br \/>\n\u4f46\u56e0\u70ba\u4e0d\u770b\u597d\u7db2\u8def\u80a1\uff0c\u5728\u7576\u6642\u5927\u5e45\u843d\u5f8c\u5927\u76e4\uff0c\u7b49\u7db2\u8def\u6ce1\u6cab\u771f\u6b63\u7834\u88c2\u6642\uff0c\u4ed6\u7684\u57fa\u91d1\u537b\u5df2\u7d93\u89e3\u6563\u3002<\/p>\n<p>\u9810\u6e2c2008\u5e74\u91d1\u878d\u6d77\u562f\u7684Michael Burry\uff0c\u4ed6\u7684\u78ba\u9810\u6e2c\u6b63\u78ba\uff0c\u4f46\u554f\u984c\u662f\u592a\u65e9\u4e86\uff0c\u56e0\u6b64\u4ed6\u6301\u6709\u7684\u505a\u7a7a\u90e8\u4f4d\u88ab\u8ecb\u7a7a\u5169\u4e09\u5e74\uff0c\u671f\u9593\u5927\u5e45\u843d\u5f8c\u6307\u6578\uff0c\u5f8c\u4f86\u5d29\u76e4\u5f8c\u624d\u5be6\u73fe\u5831\u916c\u3002<\/p>\n<p>\u6211\u5011\u77e5\u9053\uff0c\u672a\u4f86\u4e00\u5b9a\u4ecd\u6709\u591a\u982d\u3001\u4e00\u5b9a\u4e5f\u6703\u51fa\u73fe\u7a7a\u982d\u5e02\u5834\uff0c\u4f46\u7cbe\u6e96\u7684\u6642\u9593\uff0c\u5be6\u969b\u4e0a\u5f88\u96e3\u5206\u6790\u3002<br \/>\n\u80fd\u770b\u5230\u6ce1\u6cab\uff0c\u4e0d\u4ee3\u8868\u80fd\u7cbe\u6e96\u9810\u6e2c\u54ea\u6642\u5019\u6ce1\u6cab\u7834\u88c2\u3002\u6307\u6a19\u7d66\u6211\u5011\u7684\u5e6b\u52a9\u4e26\u4e0d\u662f\u9810\u6e2c\u6642\u6a5f\u9ede\uff0c\u800c\u662f\u63d0\u65e9\u63d0\u9192\u5224\u65b7\u5404\u7a2e\u53ef\u80fd\u6027\uff0c\u63d0\u65e9\u6709\u5fc3\u7406\u548c\u884c\u52d5\u7684\u6e96\u5099\uff0c\u800c\u4e0d\u662f\u7b49\u4e8b\u60c5\u767c\u751f\u624d\u8ddf\u8457\u6050\u614c\u96a8\u6ce2\u9010\u6d41\u3002<\/p>\n<p>\u6307\u6a19\u4e5f\u8a31\u6703\u53cd\u61c9\u4e00\u4e9b\u8cc7\u8a0a\uff0c\u4f46\u770b\u8d77\u4f86\u9ad8\u7684\u6578\u5b57\u5f8c\u9762\u53ef\u80fd\u66f4\u9ad8\u3001\u4f4e\u7684\u6578\u5b57\u5f88\u53ef\u80fd\u66f4\u4f4e\uff0c\u4e26\u4e0d\u662f\u770b\u5230\u6578\u5b57\u9ad8\u6216\u4f4e\u5c31\u89ba\u5f97\u99ac\u4e0a\u6703\u53cd\u8f49\uff0c\u9019\u662f\u975e\u5e38\u932f\u8aa4\u7684\u89c0\u5ff5\u3002<\/p>\n<p>\u7406\u89e3\u81ea\u5df1\u96e3\u4ee5\u7cbe\u6e96\u638c\u63e1\u6642\u9593\u9ede\u3001\u638c\u63e1\u8f49\u6298\uff0c\u6211\u8a8d\u70ba\u662f\u5f88\u91cd\u8981\u7684\u89c0\u5ff5\u3002<\/p>\n<p>\u8a66\u5716\u628a\u63e1\u8f49\u6298\u505a\u5927\u5e45\u8abf\u6574\uff0c\u662f\u5f88\u5371\u96aa\u7684\u64cd\u4f5c\u3002\u6839\u64da\u6307\u6a19\u505a\u6f38\u9032\u5f0f\u5fae\u5e45\u7684\u8cc7\u7522\u6bd4\u91cd\u8abf\u6574\uff0c\u53ef\u80fd\u6703\u662f\u66f4\u597d\u7684\u61c9\u5c0d\u65b9\u5f0f\u3002<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"%E5%BF%AB%E9%80%9F%E9%87%8D%E9%BB%9E%E6%95%B4%E7%90%86%EF%BC%9A10%E5%B9%B4%E6%9C%9F%E5%85%AC%E5%82%B5%E6%AE%96%E5%88%A9%E7%8E%87%E5%85%B7%E6%9C%89%E5%93%AA%E4%BA%9B%E6%8C%87%E6%A8%99%E6%84%8F%E7%BE%A9%EF%BC%9F\"><\/span>\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1a10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u5177\u6709\u54ea\u4e9b\u6307\u6a19\u610f\u7fa9\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><span style=\"font-size: 16px;\">\u7f8e\u570b\u516c\u50b5\u6709\u77ed\u4e2d\u9577\u671f\u5225\uff0c10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387(10-Year U.S. Treasury Yield)\u5c6c\u65bc\u4e2d\u671f\u50b5\uff0c\u5c0d\u5229\u7387\u6709\u4e00\u9ede\u98a8\u96aa\u4f46\u53c8\u4e0d\u6703\u904e\u65bc\u654f\u611f\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u50b5\u5238\u50f9\u683c\u8207\u50b5\u5238\u6b96\u5229\u7387\u5169\u8005\u662f\u53cd\u5411\u95dc\u4fc2\uff0c\u50b5\u5238\u50f9\u683c\u4e0b\u8dcc\uff0c\u6b96\u5229\u7387\u5c31\u6703\u4e0a\u5347\uff1b\u50b5\u5238\u50f9\u683c\u4e0a\u5347\uff0c\u6b96\u5229\u7387\u5c31\u6703\u4e0b\u8dcc\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">10\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u4e0a\u5347\uff0c\u5f80\u5f80\u8c61\u5fb5\u666f\u6c23\u5fa9\u7526\uff1b\u757610\u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u4e0b\u964d\uff0c\u5f80\u5f80\u4f34\u96a8\u8457\u666f\u6c23\u8870\u9000\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u50b5\u5238\u6b96\u5229\u7387\u53ef\u4ee5\u770b\u5230\u9031\u671f\u6027\uff0c\u50b5\u5238\u6b96\u5229\u7387\u9010\u6b65\u4e0a\u5347\uff0c\u672a\u4f86\u7684\u80a1\u5e02\u4e0d\u78ba\u5b9a\u6027\u6216\u8a31\u6703\u8b8a\u9ad8\u3002\u9010\u6b65\u4e0b\u964d\u6642\uff0c\u672a\u4f86\u80a1\u5e02\u4e5f\u53ef\u80fd\u53cd\u5f48\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u89c0\u5bdf\u5230\u9031\u671f\u6027\uff0c\u4e0d\u4ee3\u8868\u80fd\u7cbe\u6e96\u9810\u6e2c\u6642\u6a5f\u9ede\u3002<\/span><\/li>\n<\/ol>\n\n<p>\u50b5\u5238\u5176\u5be6\u662f\u500b\u5f88\u597d\u7528\u7684\u6295\u8cc7\u5de5\u5177\uff0c\u4f46\u4e5f\u5fc5\u9808\u6b63\u78ba\u4f7f\u7528\u624d\u884c\uff0c<br \/>\n\u66f4\u591a\u50b5\u5238\u6587\u7ae0\u53ef\u95b1\u8b80\uff1a<\/p>\n<p><span style=\"font-size: 16px;\">1.\u00a0<a href=/index.html"https:\/\/\/what-is-bonds\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u4ec0\u9ebc\u662f\u50b5\u5238\uff0c\u6709\u54ea\u4e9b\u6295\u8cc7\u65b9\u5f0f\uff1f<\/a><\/span><\/p>\n<p><span style=\"font-size: 16px;\">2.\u00a0<a href=/index.html"https:\/\/\/bond-etf-treasuries-5\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u8a8d\u8b585\u6a94\u7f8e\u570b\u516c\u50b5ETF<\/a><\/span><\/p>\n<p><span style=\"font-size: 16px;\">3. <a href=/index.html"https:\/\/\/what-municipal-bonds\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7f8e\u570b\u5e02\u653f\u50b5\u662f\u4ec0\u9ebc\uff1f\u5982\u4f55\u6295\u8cc7\uff1f<\/a><\/span><\/p>\n<p><span style=\"font-size: 16px;\">4. <a href=/index.html"https:\/\/\/high-yield-bond-wrong-1\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u70ba\u4ec0\u9ebc\u9ad8\u6536\u76ca\u50b5\u6c92\u6709\u907f\u96aa\u529f\u80fd\uff1f<\/a><\/span><\/p>\n<p>5. <a href=/index.html"https:\/\/\/us-stocks-broker-choose\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7f8e\u80a1\u5e38\u7528\u5238\u5546\u958b\u6236\u63a8\u85a6\u6bd4\u8f03<\/a><\/p>\n\u7de8\u8f2f\uff1aSandy \u4e3b\u7de8\uff1a\u5e02\u5834\u5148\u751f\n<p><strong><span style=\"font-size: 20px;\">\u52a0\u5165\u5e02\u5834\u5148\u751fFB\u793e\u5718\uff0c\u5145\u5be6\u66f4\u591a\u7406\u8ca1\u597d\u77e5\u8b58<\/span><\/strong><\/p>\r\n<p>50\u6b72\u4e4b\u524d\u60f3\u9000\u4f11\u4e00\u5b9a\u8981\u61c2\u7406\u8ca1\uff0c<br \/>\u89e3\u6c7a\u6295\u8cc7\u7684\u7169\u60f1\uff01<\/p>\r\n<p><a href=/index.html"https:\/\/bit.ly\/2NTBOAv\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\"><img decoding=\"async\" class=\"alignnone size-full wp-image-7106\" src=/index.html"https:\/\/\/wp-content\/uploads\/20190824195036_69.gif\" alt=\"\" width=\"687\" height=\"243\" \/><\/a><\/p>\r\n<p>\u6700\u8fd1\u5e02\u5834\u5148\u751f\u958b\u4e86\u4e00\u5802\u7684\u300c<strong>\u7528\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41<\/strong>\u300d\u6559\u5b78\u8ab2\u7a0b\uff0c<br \/>\u9019\u5802\u8ab2\u7a0b\u6703\u5f9e\u57fa\u790e\u5165\u9580\u3001\u8cc7\u6599\u67e5\u8a62\u5230\u5be6\u969b\u64cd\u4f5c\uff0c<br \/>\u6559\u4f60\u5b78\u6703\u5efa\u7acb\u4e00\u500b\u7a69\u5b9a\u7684\u5168\u7403ETF\u6295\u8cc7\u7d44\u5408\uff0c\u76ee\u524d\u7d2f\u7a4d\u5df2\u7d93\u6709\u5c07\u8fd11100\u4f4d\u540c\u5b78\u4e0a\u8ab2\u3002<\/p>\r\n<p>\u7dda\u4e0a\u8ab2\u7a0b\u300b<a href=/index.html"http:\/\/bit.ly\/2FV3hPc\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\">\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41\u7dda\u4e0a\u8ab2\u7a0b\u9023\u7d50<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387(U.S. Treasury Yield)\u662f\u6295\u8cc7\u4eba\u81ea\u8cb7\u5165\u7f8e\u570b\u516c\u50b5\u8d77\u81f3\u5230\u671f\u70ba\u6b62\u7684\u5be6\u8cea\u6295\u8cc7\u5831\u916c\u7387\uff0c\u800c [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":43730,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[298],"tags":[537,1704,1705],"table_tags":[],"modified_by":"eden","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/\/wp-content\/uploads\/20221102102207_78.jpg","jetpack-related-posts":[{"id":5939,"url":"https:\/\/\/bond-etf-treasuries-5\/","url_meta":{"origin":27199,"position":0},"title":"\u7f8e\u570b\u516c\u50b5\u600e\u9ebc\u6295\u8cc7\uff1f\u6bd4\u8f03\u63a8\u85a65\u6a94\u7f8e\u570b\u516c\u50b5ETF(TLT\u3001IEF\u3001IEI\u3001SHY\u3001GOVT)","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2019-04-11","format":false,"excerpt":"\u50b5\u5238ETF(bond 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https:\/\/i0.wp.com\/\/wp-content\/uploads\/20221102140812_15.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":69094,"url":"https:\/\/\/learn-to-trade-10y-futures\/","url_meta":{"origin":27199,"position":1},"title":"10\u5e74\u6b96\u5229\u7387\u671f\u8ca8(10Y)\u7684\u640d\u76ca\u600e\u9ebc\u8a08\u7b97\uff1f\u548c10\u5e74\u7f8e\u570b\u516c\u50b5\u671f\u8ca8 \u6709\u4ec0\u9ebc\u5dee\u7570\uff1f","author":"Sandy","date":"2024-03-12","format":false,"excerpt":"\u672c\u7bc7\u6587\u7ae0\u5e02\u5834\u5148\u751f\u4ecb\u7d3910\u5e74\u6b96\u5229\u7387\u671f\u8ca8(10Y)\u548c10\u5e74\u7f8e\u570b\u516c\u50b5\u671f\u8ca8(ZN)\u7684\u5dee\u7570\u6bd4\u8f03\uff0c\u4e26\u7528\u7d93\u6fdf\u4e8b\u4ef6\u8209\u2026","rel":"","context":"\u5728\u300c\u671f\u8ca8\u6295\u8cc7\u300d\u4e2d","block_context":{"text":"\u671f\u8ca8\u6295\u8cc7","link":"https:\/\/\/category\/learn-invest\/futures-invest\/"},"img":{"alt_text":"10\u5e74\u6b96\u5229\u7387\u671f\u8ca8(10Y)\u640d\u76ca\u600e\u9ebc\u7b97? 10y vs 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4x"},"classes":[]},{"id":54164,"url":"https:\/\/\/3-month-treasury-bill-rate\/","url_meta":{"origin":27199,"position":2},"title":"\u7f8e\u570b\u4e09\u500b\u6708\u671f\u570b\u5eab\u5238\u5229\u7387\u662f\u4ec0\u9ebc\uff1f\u6295\u8cc7\u6642\u8981\u6ce8\u610f\u4ec0\u9ebc\uff1f","author":"Vivianwu","date":"2023-06-17","format":false,"excerpt":"\u7f8e\u570b\u4e09\u500b\u6708\u671f\u570b\u5eab\u5238\u56e0\u70ba\u6709\u7f8e\u570b\u653f\u5e9c\u64d4\u4fdd\uff0c\u671f\u9650\u53c8\u5f88\u77ed\uff0c\u88ab\u6295\u8cc7\u4eba\u8996\u70ba\u662f\u6700\u5b89\u5168\u7684\u6295\u8cc7\u6a19\u7684\u4e4b\u4e00\u3002 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4x"},"classes":[]},{"id":30148,"url":"https:\/\/\/what-is-yield-curve-inversion-0\/","url_meta":{"origin":27199,"position":3},"title":"\u6b96\u5229\u7387\u66f2\u7dda\u5012\u639b\u610f\u601d\u662f\u4ec0\u9ebc\uff1f\u70ba\u4ec0\u9ebc\u548c\u666f\u6c23\u8870\u9000\u8b66\u8a0a\u6709\u95dc\uff1f","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2023-08-02","format":false,"excerpt":"\u5728\u7f8e\u570b\u516c\u50b5\u7684\u50b5\u5238\u5e02\u5834\u4e0a\uff0c\u53ea\u8981\u51fa\u73fe\u300c\u6b96\u5229\u7387\u66f2\u7dda\u5012\u639b\u300d\uff0c\u4fbf\u6703\u5f15\u8d77\u5e02\u5834\u7684\u9ad8\u5ea6\u95dc\u6ce8\uff0c\u56e0\u70ba\u5b83\u5728\u904e\u53bb\u4e00\u76f4\u88ab\u8996\u70ba\u662f\u2026","rel":"","context":"\u5728\u300c\u50b5\u5238\u6295\u8cc7\u300d\u4e2d","block_context":{"text":"\u50b5\u5238\u6295\u8cc7","link":"https:\/\/\/category\/learn-invest\/bond-fixed-income-invest\/"},"img":{"alt_text":"\u6b96\u5229\u7387\u5012\u639b\u610f\u601d","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230719111600_97.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230719111600_97.jpg?resize=350%2C200&ssl=1 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