{"id":824832,"date":"2026-08-07T21:15:10","date_gmt":"2026-08-07T13:15:10","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=824832"},"modified":"2026-08-07T21:15:10","modified_gmt":"2026-08-07T13:15:10","slug":"%e4%b8%8b%e5%91%a8%e7%83%ad%e7%82%b9%e5%89%8d%e7%9e%bb%ef%bc%9acpi%e4%b8%8e%e6%81%90%e6%80%96%e6%95%b0%e6%8d%ae%e4%b8%ad%e5%af%bb%e6%89%be%e9%a2%84%e6%9c%9f%e5%b7%ae","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=824832","title":{"rendered":"\u4e0b\u5468\u70ed\u70b9\u524d\u77bb\uff1aCPI\u4e0e\u6050\u6016\u6570\u636e\u4e2d\u5bfb\u627e\u9884\u671f\u5dee"},"content":{"rendered":"<p><b>\u6c47\u901a\u8d22\u7ecfAPP\u8baf\u2014\u2014<\/b>\u5bfc\u8bed\uff1a8\u670810\u65e5-14\u65e5\uff0c\u5e02\u573a\u5c06\u8fce\u6765\u6781\u5176\u5bc6\u96c6\u7684\u6570\u636e\u6821\u9a8c\u7a97\u53e3\u3002\u9664\u4e86\u4e2d\u7f8e\u8d27\u5e01\u4e0e\u6d88\u8d39\u901a\u80c0\u6307\u6807\u5916\uff0c\u7f8e\u503a\u62cd\u5356\u3001\u6b27\u4f69\u514b\u6708\u62a5\u53ca<a 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href='http:\/\/news.fx678.com\/keyword\/100930' target='_blank' rel=\"noopener\">\u7f8e\u56fd<\/a>\uff1a\u5468\u5ea6ADP\u5c31\u4e1a\u6570\u636e\u30017\u6708\u6210\u5c4b\u9500\u552e\u3002<\/p>\n<p>\u6838\u5fc3\u770b\u70b9\uff1a\u5173\u6ce8\u6fb3\u6d32\u8054\u50a8\u662f\u5426\u4fdd\u7559\u201c\u8fdb\u4e00\u6b65\u52a0\u606f\u7684\u53ef\u80fd\u6027\u201d\uff1b<a href='http:\/\/news.fx678.com\/column\/stock' target='_blank' rel=\"noopener\">\u7f8e\u80a1<\/a>\/\u7f8e\u503a\u5c06\u63d0\u524d\u4ea4\u6613ADP\u5c31\u4e1a\u5f02\u52a8\u5bf9\u5468\u56db\/\u5468\u4e94\u6570\u636e\u7684\u9884\u70ed\u6548\u679c\u3002<\/p>\n<h2>\u5468\u4e09\uff088\u670812\u65e5\uff09\uff1a\u5168\u7403\u901a\u80c0\u65e5\uff08\u91cd\u78c5\uff09\u4e0e<a href='https:\/\/quote.fx678.com\/symbol\/CONC' target='_blank' rel=\"noopener\">\u539f\u6cb9<\/a>\u4e09\u5f39\u9f50\u53d1<\/h2>\n<p>\u5b8f\u89c2\uff1a\u7f8e\u56fd7\u6708<a href=\"https:\/\/www.alphaseek.cn\/?tag=cpi\" title=\"View all posts in CPI\" target=\"_blank\" class=\"tag_link\">CPI<\/a>\u3001\u5fb7\u56fd7\u6708CPI\u3002<\/p>\n<p>\u80fd\u6e90\uff1a\u6b27\u4f69\u514b\uff08<a href='http:\/\/news.fx678.com\/keyword\/100412' target='_blank' rel=\"noopener\">OPEC<\/a>\uff09\u6708\u5ea6\u539f\u6cb9\u62a5\u544a\u3001\u7f8e\u56fdAPI\/<a href='http:\/\/news.fx678.com\/keyword\/100414' target='_blank' rel=\"noopener\">EIA<\/a>\u5e93\u5b58\u3002<\/p>\n<p>\u6838\u5fc3\u770b\u70b9\uff1a\u7f8e\u56fd7\u6708CPI\u4e3a\u5168\u5468\u6700\u9ad8\u98ce\u9669\u70b9\uff0c\u76f4\u63a5\u51b3\u5b9a9\u6708\u7f8e\u8054\u50a8\u964d\u606f\/\u4e0d\u964d\u606f\/\u964d\u606f\u5e45\u5ea6\u7684\u4ea4\u6613\u5b9a\u4ef7\uff1b\u539f\u6cb9\u9700\u5173\u6ce8\u6b27\u4f69\u514b\u5bf9\u4e0b\u534a\u5e74\u9700\u6c42\u9884\u6d4b\u7684\u589e\u51cf\u4fee\u5b9a\u3002<\/p>\n<h2>\u5468\u56db\uff088\u670813\u65e5\uff09\uff1aPPI\u63a5\u529b\u3001\u7f8e\u503a10\u5e74\u671f\u62cd\u5356\u4e0e\u7f8e\u8054\u50a8\u5b98\u5458\u53d1\u58f0<\/h2>\n<p>\u6570\u636e\uff1a\u7f8e\u56fd7\u6708PPI\u3001\u5f53\u5468\u521d\u8bf7\u5931\u4e1a\u91d1\u4eba\u6570\u3001\u82f1\u56fdGDP\u3002<\/p>\n<p>\u4e8b\u4ef6\uff1a\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u62cd\u5356\uff1b2026\u7968\u59d4\u54c8\u739b\u514b\u3001\u5df4\u5c14\u91d1\u8bb2\u8bdd\u3002<\/p>\n<p>\u6838\u5fc3\u770b\u70b9\uff1aPPI\u4e2d\u7684\u533b\u7597\u3001\u673a\u7968\u7b49\u5206\u9879\u5c06\u76f4\u63a5\u4f20\u5bfc\u81f3PCE\u9884\u671f\uff1b10\u5e74\u671f\u7f8e\u503a\u62cd\u5356\u9700\u89c2\u5bdf\u6d77\u5916\u4e70\u5bb6\u6295\u6807\u500d\u6570\u4e0e\u5c3e\u90e8\u6ea2\u4ef7\uff08Tail\uff09\uff0c\u8b66\u60d5\u7f8e\u503a\u6536\u76ca\u7387\u4e8c\u6b21\u53cd\u5f39\u3002<\/p>\n<h2>\u5468\u4e94\uff088\u670814\u65e5\uff09\uff1a\u201c\u6050\u6016\u6570\u636e\u201d\u6536\u5b98\u4e0e\u901a\u80c0\u9884\u671f\u5b9a\u8c03<\/h2>\n<p>\u7f8e\u56fd\uff1a7\u6708\u96f6\u552e\u9500\u552e\uff08\u6050\u6016\u6570\u636e\uff09\u30018\u6708\u5bc6\u6b47\u6839\u5927\u5b66\u6d88\u8d39\u8005\u4fe1\u5fc3\u6307\u6570\u53ca1\u5e74\/5\u5e74\u671f\u901a\u80c0\u9884\u671f\u3002<\/p>\n<p>\u6838\u5fc3\u770b\u70b9\uff1a\u96f6\u552e\u9500\u552e\u6821\u9a8c\u7f8e\u56fd\u201c\u8f6f\u7740\u9646\u201d\u8fd8\u662f\u201c\u8870\u9000\u201d\uff1b\u5bc6\u6b47\u6839\u901a\u80c0\u9884\u671f\u7684\u77ed\u7ebf\u5f71\u54cd\u7ecf\u5e38\u88ab\u4f4e\u4f30\uff0c\u7279\u522b\u662f\u957f\u7aef\uff085\u5e74\uff09\u901a\u80c0\u9884\u671f\u7684\u62ac\u5347\u5f80\u5f80\u5f15\u53d1\u5e02\u573a\u5bf9\u5f3a\u9e70\u6d3e\u7684\u62c5\u5fe7\u3002<\/p>\n<h2>\u72ec\u5bb6\u4ea4\u6613\u89c2\u5bdf\u70b9\u4e0e\u6613\u88ab\u9057\u6f0f\u7684\u201c\u9884\u671f\u5dee\u201d\uff08\u4ea4\u6613\u8005\u89c6\u89d2\uff09<\/h2>\n<p>\u7f8e\u56fd7\u6708CPI\uff1a\u522b\u53ea\u770b\u6570\u636e\uff0c\u5173\u6ce8\u8fd9\u4e24\u4e2a\u201c\u7ec6\u5206\u6bd2\u4e38\u201d<\/p>\n<p>\u4e8c\u624b\u8f66\u4e0e\u673a\u7968\u4ef7\u683c\u53cd\u5f39\uff1a\u5f88\u591a\u6295\u8d44\u8005\u53ea\u770bCPI\u540c\u6bd4\/\u73af\u6bd4\u662f\u5426\u8d85\u9884\u671f\uff0c\u4f46\u7b97\u6cd5\u4e2d\u4e8c\u624b\u8f66\u4e0e\u673a\u7968\u4ef7\u683c\u7684\u77ed\u671f\u6ce2\u52a8\u5e38\u5e38\u9020\u6210\u5bf9\u6574\u4f53\u8d8b\u52bf\u5224\u65ad\u7684\u6270\u52a8\u3002<\/p>\n<p>\u8d85\u7ea7\u6838\u5fc3\u901a\u80c0\uff08Supercore\uff09\uff1a\u5373\u5254\u9664\u4f4f\u623f\u540e\u7684\u6838\u5fc3\u670d\u52a1\u901a\u80c0\u3002\u5982\u679c\u4f4f\u623f\u901a\u80c0\uff08Shelter\/OER\uff09\u653e\u7f13\u7b26\u5408\u9884\u671f\uff0c\u4f46Supercore\u56e0\u52b3\u52a8\u529b\u6210\u672c\u5c45\u9ad8\u4e0d\u4e0b\u800c\u7c98\u6027\u6781\u5f3a\uff0c\u7f8e\u8054\u50a8\u4f9d\u7136\u96be\u4ee5\u653e\u9e70\u3002<\/p>\n<p>\u5e02\u573a\u5b9a\u4ef7\u57fa\u51c6\uff1a\u9700\u63d0\u524d\u5173\u6ce8\u5229\u7387\u6389\u671f\uff08OIS\uff09\u5e02\u573a\u5728\u6570\u636e\u516c\u5e03\u524d\u5df2\u7ecf\u5b9a\u4ef7\u4e86\u591a\u5c11BP\u7684\u964d\u606f\u3002\u5982\u679c\u5e02\u573a\u5df2\u7ecf\u6309\u201c\u964d\u606f50BP\u201d\u8fc7\u5ea6\u5b9a\u4ef7\uff0c\u5373\u4fbfCPI\u6570\u636e\u7b26\u5408\u9884\u671f\uff0c\u4e5f\u53ef\u80fd\u5f15\u53d1\u201c\u5229\u597d\u5151\u73b0\u201d\u7684<a href='https:\/\/quote.fx678.com\/symbol\/USD' target='_blank' rel=\"noopener\">\u7f8e\u5143<\/a>\u53cd\u5f39\u4e0e\u7f8e\u80a1\u56de\u8c03\u3002<\/p>\n<p>\u5468\u56db\u7f8e\u56fd10\u5e74\u671f\u56fd\u503a\u62cd\u5356\uff1a\u5bb9\u6613\u88ab\u5ffd\u89c6\u7684\u201c\u6d41\u52a8\u6027\u6740\u624b\u201d<\/p>\n<p>\u4e00\u822c\u5b8f\u89c2\u5206\u6790\u53ea\u5173\u6ce8\u7ecf\u6d4e\u6570\u636e\uff0c\u4f46\u56fd\u503a\u62cd\u5356\u7684\u4f9b\u9700\u7ed3\u679c\u5f80\u5f80\u662f\u7f8e\u503a\u6536\u76ca\u7387\u77ac\u95f4\u5267\u70c8\u6ce2\u52a8\u7684\u8bf1\u56e0\u3002<\/p>\n<h2>\u89c2\u5bdf\u6307\u6807\uff1a<\/h2>\n<p>Tail\uff08\u5c3e\u90e8\u5229\u5dee\uff09\uff1a\u4e2d\u6807\u5229\u7387\u82e5\u663e\u8457\u9ad8\u4e8e\u53d1\u884c\u524d\u4ea4\u6613\u5229\u7387\uff0c\u8bf4\u660e\u4e00\u7ea7\u4ea4\u6613\u5546\u88ab\u8feb\u63a5\u76d8\uff0c\u4f9b\u7ed9\u5438\u6536\u4e0d\u826f\uff0c\u7f8e\u503a\u6536\u76ca\u7387\u98d9\u5347\uff0c\u6253\u538b\u7f8e\u80a1\u4e0e\u9ec4\u91d1\u3002<\/p>\n<p>Indirect Bidders\uff08\u95f4\u63a5\u6807\u8005\uff0c\u4ee3\u8868\u6d77\u5916\u592e\u884c\u4e0e\u673a\u6784\uff09\u7684\u83b7\u914d\u6bd4\u4f8b\uff1a\u82e5\u6bd4\u4f8b\u4f4e\uff0c\u610f\u5473\u7740\u6d77\u5916\u8d44\u91d1\u79bb\u573a\uff0c\u5bf9\u7f8e\u5143\u5229\u7a7a\u3001\u7f8e\u503a\u6536\u76ca\u7387\u5229\u591a\u3002<\/p>\n<p>\u5468\u4e94\u5bc6\u6b47\u6839\u5927\u5b66\u201c\u901a\u80c0\u9884\u671f\u201d\uff1a\u5c3e\u76d8\u7684\u201c\u51b7\u67aa\u201d<\/p>\n<p>\u5468\u4e94\u665a\u95f4\u5e02\u573a\u5f80\u5f80\u4ee5\u4e3a\u201c\u6050\u6016\u6570\u636e\uff08\u96f6\u552e\uff09\u201d\u51fa\u5b8c\u5c31\u7ed3\u675f\u4e86\uff0c\u4f46\u5bc6\u6b47\u6839\u5927\u5b66\u76845\u5e74\u671f\u957f\u671f\u901a\u80c0\u9884\u671f\u7ecf\u5e38\u5728\u7f8e\u80a1\u76d8\u4e2d\u5f15\u53d1\u60c5\u7eea\u7a81\u53d8\u3002<\/p>\n<p>\u7f8e\u8054\u50a8\u6781\u5ea6\u5173\u6ce8\u201c\u901a\u80c0\u9884\u671f\u5931\u951a\u201d\u3002\u4e00\u65e6\u957f\u671f\u901a\u80c0\u9884\u671f\u8d85\u51fa\u9884\u671f\u76842.9%-3.0%\u533a\u95f4\u5347\u81f33.2%\u4ee5\u4e0a\uff0c\u5e02\u573a\u4f1a\u77ac\u95f4\u62b9\u6740\u672a\u6765\u7684\u964d\u606f\u7a7a\u95f4\u3002<\/p>\n<p>\u4ea4\u53c9\u8d44\u4ea7\u8054\u52a8\uff08Cross-Asset Correlation\uff09\u7684\u80cc\u79bb\u4fe1\u53f7<\/p>\n<p>\u9ec4\u91d1vs\u7f8e\u5143\/\u7f8e\u503a\uff1a\u6ce8\u610f\u5728CPI\u53d1\u5e03\u540e\uff0c\u9ec4\u91d1\u662f\u5426\u51fa\u73b0\u201c\u7f8e\u5143\u6da8\u3001\u9ec4\u91d1\u4e0d\u8dcc\u201d\u6216\u201c\u7f8e\u503a\u6536\u76ca\u7387\u6da8\u3001\u9ec4\u91d1\u8ddf\u6da8\u201d\u7684\u73b0\u8c61\u3002\u8fd9\u79cd\u80cc\u79bb\u5f80\u5f80\u610f\u5473\u7740\u5e02\u573a\u5728\u4ea4\u6613\u201c\u518d\u901a\u80c0\u201d\u6216\u201c\u5730\u7f18\u98ce\u9669\/\u907f\u9669\u5c5e\u6027\u201d\uff0c\u800c\u975e\u5355\u5355\u4ea4\u6613\u7f8e\u8054\u50a8\u5229\u7387\u653f\u7b56\u3002<\/p>\n<p><a href='https:\/\/quote.fx678.com\/symbol\/USDJPY' target='_blank' rel=\"noopener\">\u65e5\u5143<\/a>\uff08JPY\uff09\u4e0e\u5168\u7403\u5957\u5229\u4ea4\u6613\uff08Carry Trade\uff09\u89e3\u5305\uff1a\u5468\u4e00<a href='http:\/\/news.fx678.com\/column\/boj' target='_blank' rel=\"noopener\">\u65e5\u672c\u592e\u884c<\/a>\u7684\u610f\u89c1\u6458\u8981\u975e\u5e38\u5173\u952e\uff0c\u5982\u679c\u610f\u89c1\u6458\u8981\u900f\u9732\u51fa\u5bf9\u8fdb\u4e00\u6b65\u52a0\u606f\u7684\u5f3a\u70c8\u610f\u613f\uff0c\u53ef\u80fd\u518d\u6b21\u89e6\u53d1\u5168\u7403\u5957\u5229\u4ea4\u6613\u5e73\u4ed3\uff0c\u5bfc\u81f4\u5168\u7403\u98ce\u9669\u8d44\u4ea7\uff08\u5c24\u5176\u662f\u9ad8\u4f30\u503c\u79d1\u6280\u80a1\uff09\u627f\u538b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6c47\u901a\u8d22\u7ecfAPP\u8baf\u2014\u2014\u5bfc\u8bed\uff1a8\u670810\u65e5-14\u65e5\uff0c\u5e02\u573a\u5c06\u8fce\u6765\u6781\u5176\u5bc6\u96c6\u7684\u6570\u636e\u6821\u9a8c\u7a97\u53e3\u3002\u9664\u4e86\u4e2d\u7f8e\u8d27\u5e01\u4e0e\u6d88\u8d39\u901a\u80c0\u6307\u6807\u5916\uff0c [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[9],"tags":[382,77],"views":15,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/824832"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=824832"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/824832\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=824832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=824832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=824832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}