{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"\u9322\u741b","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/chinshun","title":"\u300a\u8a08\u91cf\u5206\u6790\u300b\u4e00\u500b\u4f60\u4e0d\u80fd\u4e0d\u61c2\u7684\u7b56\u7565\u56e0\u5b50 - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/684087\">\u300a\u8a08\u91cf\u5206\u6790\u300b\u4e00\u500b\u4f60\u4e0d\u80fd\u4e0d\u61c2\u7684\u7b56\u7565\u56e0\u5b50<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),n=d.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),o=0;o<n.length;o++)n[o].style.display=\"none\";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute(\"style\"),\"height\"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if(\"link\"===t.message)if(a=d.createElement(\"a\"),i=d.createElement(\"a\"),a.href=r.getAttribute(\"src\"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener(\"message\",c.wp.receiveEmbedMessage,!1),d.addEventListener(\"DOMContentLoaded\",t,!1),c.addEventListener(\"load\",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf(\"MSIE 10\"),a=!!navigator.userAgent.match(\/Trident.*rv:11\\.\/),i=d.querySelectorAll(\"iframe.wp-embedded-content\"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute(\"data-secret\"))t=Math.random().toString(36).substr(2,10),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute(\"security\"),e.parentNode.replaceChild(t,e)}}}}(window,document);\n\/\/--><!]]>\n<\/script><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/684087\/embed\" width=\"600\" height=\"338\" title=\"&#8220;\u300a\u8a08\u91cf\u5206\u6790\u300b\u4e00\u500b\u4f60\u4e0d\u80fd\u4e0d\u61c2\u7684\u7b56\u7565\u56e0\u5b50&#8221; &#8212; Fortune Insight\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime-fortuneinsight-cloud.s3.ap-southeast-1.amazonaws.com\/web\/wp-content\/uploads\/2022\/07\/25163720\/ffr_graph.png","thumbnail_width":1067,"thumbnail_height":750,"description":"\u4e0a\u661f\u671f\u8207\u4e00\u5bb6top tier\u7f8e\u8cc7\u6295\u884c\u7684rates trader\u98df\u98ef\uff0c\u6df1\u5165\u8a0e\u8ad6\u4e86\u4e0d\u540c\u8cc7\u7522\u7684\u7b56\u7565\uff0c\u7576\u4e2d\u6700\u6709\u8da3\u7684\u662f\u4e00\u500b\u6703\u5f71\u97ff\u7d55\u5927\u90e8\u4efd\u8cc7\u7522\u7684\u7b56\u7565\u56e0\u5b50\uff0c\u9817\u6709insight\uff0c\u60f3\u518d\u6b64\u6b04\u8207\u5927\u5bb6\u5206\u4eab\u3002 \u9019\u500b\u7b56\u7565\u56e0\u5b50\u662f\u5ee3\u5927\u50b3\u5a92\u7d93\u5e38\u5831\u5c0e\u7684\u5229\u7387\u3002\u7559\u610f\uff0c\u7d93\u6fdf\u5b78\u4e0a\uff0c\u5229\u7387\u6709\u540d\u7fa9\uff08nominal\uff09\u8207\u5be6\u9ad4\uff08real\uff09\u4e4b\u5206\uff0c\u524d\u8005\u662f\u5404\u570b\u592e\u884c\u63a7\u5236\u7684\u653f\u7b56\u5229\u7387\uff0c\u5f8c\u8005\u662f\u57fa\u65bc\u5e02\u5834\u4f9b\u6c42\u800c\u751f\u3001\u4ee5\u8ca8\u7269\u53ca\u670d\u52d9\u4f86\u91cf\u5ea6\u7684\u5be6\u969b\u5229\u7387\u3002\u57fa\u672c\u4e0a\uff0c\u592e\u884c\u6703\u900f\u904e\u6c7a\u5b9a\u653f\u7b56\u5229\u7387\u4f86\u63a7\u5236\u5be6\u9ad4\u5229\u7387\uff0c\u7e7c\u800c\u5f71\u97ff\u5404\u500b\u7d93\u6fdf\u8b8a\u6578\uff08economic variables\uff09\uff0c\u4f8b\u5982GDP\u3001\u901a\u8139\u3001\u5931\u696d\u7387\u7b49\u7b49\u3002\u73fe\u6642\u4e3b\u5bb0\u5168\u7403\u547d\u904b\u7684\u653f\u7b56\u5229\u7387\u5c31\u662f\u7f8e\u570b\u806f\u90a6\u5132\u5099\u5c40\uff08Federal Reserve\uff09\u6c7a\u5b9a\u7684\u806f\u90a6\u5132\u5099\u57fa\u91d1\u5229\u7387\uff08Fed Funds Rate\uff0c\u4e0b\u7a31FFR\uff09\u3002 \u7c21\u55ae\u4ecb\u7d39\u4e00\u4e0bFFR\u3002\u6839\u64da\u7f8e\u570b\u653f\u5e9c\u898f\u5b9a\uff0c\u9280\u884c\u9700\u8981\u6709\u5145\u8db3\u7684\u5132\u5099\uff08reserve\uff09\u53bb\u61c9\u4ed8\u5b58\u6b3e\u8cac\u4efb\uff08deposit liabilities\uff09\u3002\u5404\u9280\u884c\u6bcf\u5929\u7684\u5132\u5099\u6c34\u5e73\u90fd\u6709\u6a5f\u6703\u4e0d\u540c\uff0c\u6709\u7684\u6703\u8d85\u904e\u5132\u5099\u8981\u6c42\uff0c\u6709\u7684\u5247\u53ef\u80fd\u9700\u8981\u5411\u5176\u4ed6\u9280\u884c\u540c\u696d\u501f\u8cb8\u53bb\u6eff\u8db3\u5132\u5099\u8981\u6c42\u3002\u6240\u4ee5\uff0c\u9280\u884c\u9593\u6bcf\u5929\u90fd\u6703\u6709\u5404\u7a2e\u501f\u8cb8\u4ea4\u6613\uff0c\u6eff\u8db3\u5132\u5099\u8981\u6c42\u3002\u4ee5\u4e0a\u9019\u4e00\u500b\u501f\u8cb8\u5e02\u5834\u6b63\u6b63\u662f\u806f\u90a6\u5132\u5099\u57fa\u91d1\u5e02\u5834\uff0c\u800cFFR\u5c31\u662f\u5176\u5e02\u5834\u5229\u7387\u3002 \u7531\u65bcFFR\u5e7e\u4e4e\u6703\u5f71\u97ff\u5168\u7403\u7d93\u6fdf\u8b8a\u6578\uff0c\u5728\u57fa\u672c\u9762\u89d2\u5ea6\u800c\u8a00\uff0c\u6240\u6709\u8cc7\u7522\u50f9\u683c\u90fd\u6703\u53d7\u5176\u5f71\u97ff\u3002\u91cd\u9ede\u662f\uff0c\u5f71\u97ff\u842c\u7269\u7684\u5229\u7387\u5176\u5be6\u662f\u77ed\u671f\u5229\u7387\/\u77ed\u606f\uff08short rate\uff09\uff0c\u800c\u975e\u9577\u671f\u5229\u7387\/\u9577\u606f\uff08long rate\uff09\uff0c\u56e0\u70ba\u9577\u606f\u7684\u5408\u7406\u503c\u90fd\u662f\u6e90\u65bc\u77ed\u606f\u3002\u6240\u4ee5\u5728\u5236\u5b9a\u7b56\u7565\u6642\uff0c\u53ef\u4ee5\u4f7f\u7528\u77ed\u606f\u4f5c\u70ba\u56e0\u5b50\u3002\u6839\u64da\u8a72rates trader\u6240\u8a00\uff0c\u5408\u9069\u7684\u5229\u7387\u671f\u9650\uff08tenor\uff09\u72322\u5e74\u3002\u5229\u7387\u671f\u9650\u592a\u77ed\uff0c\u6ce2\u52d5\u6027\u6703\u8f03\u5927\uff0c\u566a\u97f3\u8f03\u591a\uff1b\u4f46\u671f\u9650\u592a\u9577\u7684\u8a71\uff0c\u6240\u91cf\u5ea6\u7684\u6307\u6a19\u5c31\u6703\u8b8a\u6210\u9577\u606f\u3002 \u7b56\u7565\u65b9\u9762\uff0c\u53ef\u4ee5\u4f7f\u7528\u77ed\u606f\u4f5c\u56e0\u5b50\uff0c\u69cb\u5efa\u6bd4\u8f03\u4f4e\u983b\u7684\u4ea4\u6613\u7b56\u7565\u3002\u7531\u65bc\u50b3\u7d71\u8cc7\u7522\u5e02\u5834\u6548\u7387\u8f03\u9ad8\uff0c\u77ed\u606f\u9ad8\u983b\u7b56\u7565\u7684\u7372\u5229\u80fd\u529b\u6703\u8f03\u5dee\u3002\u76f8\u53cd\uff0c\u7531\u65bc\u4f7f\u7528\u77ed\u606f\u9032\u884c\u4f4e\u983b\u7b56\u7565\u90e8\u7f72\u6709\u5927\u91cf\u57fa\u672c\u9762\u652f\u6301\uff0c\u7b56\u7565\u6703\u6709\u4e00\u5b9a\u7684\u7372\u5229\u80fd\u529b\u3002\u518d\u8005\uff0c\u5728\u5e02\u5834\u6548\u7387\u8f03\u4f4e\u7684\u52a0\u5bc6\u8ca8\u5e63\u5e02\u5834\u4f7f\u7528\u77ed\u606f\u4f5c\u70ba\u56e0\u5b50\uff0c\u76f8\u5c0d\u9ad8\u983b\u7684\u5206\u9418\u7b56\u7565\u61c9\u8a72\u9084\u80fd\u6709\u5229\u53ef\u5716\u3002 \u53e6\u5916\uff0c\u56de\u61c9\u6587\u7ae0\u6a19\u984c\uff0c\u4e0d\u80fd\u4e0d\u61c2\u77ed\u606f\u662f\u56e0\u70ba\u5b83\u662f\u6700\u6839\u672c\u7684\u56e0\u5b50\u3002\u63db\u53e5\u8a71\u8aaa\uff0c\u6211\u5011\u5f88\u96e3\u53ef\u4ee5\u627e\u5230\u5176\u4ed6\u56e0\u5b50\u89e3\u91cb\u77ed\u606f\u7684\u8b8a\u5316\u3002\u4f60\u53ef\u80fd\u6703\u8cea\u7591\uff0c\u77ed\u606f\u7684\u6c7a\u5b9a\u65b9\u6cd5\u4e0d\u5c31\u662f\u4f86\u81ea\u5404\u7d93\u6fdf\u8b8a\u6578\u55ce\uff1f\u4e8b\u5be6\u4e0a\uff0c\u9019\u4e9b\u7d93\u6fdf\u8b8a\u6578\u4e5f\u53ef\u4ee5\u88ab\u4e0a\u4e00\u500b\u6642\u9593\u9ede\u7684\u77ed\u606f\u89e3\u91cb\u3002\u6240\u4ee5\u6211\u5011\u5f88\u96e3\u627e\u5230\u4e00\u4e9b\u91cf\u5316\u6307\u6a19\u53ef\u4ee5\u5f9e\u57fa\u672c\u9762\u89e3\u91cb\u77ed\u606f\u7684\u8b8a\u5316\u3002\u800c\u8cc7\u6df1rates trader\u7684\u64cd\u4f5c\uff0c\u5c31\u662f\u6839\u64da\u5927\u91cf\u516c\u958b\u5e02\u5834\u7d93\u6fdf\u6307\u6a19\uff0cdiscretionary\u5730\u9810\u6e2c\u4e26\u4ea4\u6613\u77ed\u606f\u3002\u6211\u8a8d\u70ba\uff0c\u552f\u4e00\u53ef\u4ee5\u5bb9\u7d0ddiscretionary trading\u7684\u8cc7\u7522\u5c31\u662f\u77ed\u671f\u5229\u7387\u3002 \u5be6\u969b\u64cd\u4f5c\u4e0a\uff0c\u77ed\u606f\u6709\u5e02\u5834\u6df1\u5ea6\u6975\u9ad8\u7684\u4ea4\u6613\u5de5\u5177Fed Funds Futures\uff0c\u53ef\u4ee5\u5e6b\u52a9\u5404\u4f4d\u5206\u6563\u7b56\u7565\u3002 \u61c2\u5f97\u5206\u6790\u5229\u7387\uff0c\u5176\u5be6\u5c0d\u6295\u8cc7\u4ee5\u53ca\u7d93\u6fdf\u9ad4\u7684\u5224\u65b7\u76f8\u7576\u6709\u7528\uff0c\u5f8c\u8005\u5728\u760b\u72c2\u7684\u4e16\u754c\u88cf\u5c24\u5176\u91cd\u8981\u3002\u5047\u5982\u9700\u8981\u9032\u884c\u5168\u7403\u8cc7\u7522\u914d\u7f6e\u6216\u79fb\u6c11\uff0c\u5c0d\u5404\u500b\u7d93\u6fdf\u9ad4\u7684\u91cf\u5316\u5224\u65b7\u5c31\u8b8a\u5f97\u4e0d\u53ef\u6216\u7f3a\u3002\u5e0c\u671b\u5404\u4f4d\u53ef\u4ee5\u591a\u5229\u7528\u516c\u958b\u5e02\u5834\u8cc7\u6599\u5206\u6790\u6b64\u6700\u6839\u672c\u7684\u56e0\u5b50\u3002"}