{"id":16726,"date":"2026-10-16T11:16:08","date_gmt":"2026-10-16T03:16:08","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=16726"},"modified":"2026-10-16T11:19:43","modified_gmt":"2026-10-16T03:19:43","slug":"us-treasury-yield-24-year-high","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=16726","title":{"rendered":"\u5347\u606f\u5f8c\u7f8e\u50b5\u6b96\u5229\u7387\u885d\u4e0a5.31%\uff0c\u50b5\u5238\u548c\u80a1\u7968\u6703\u600e\u6a23\uff1f"},"content":{"rendered":"<p class=\"wp-block-paragraph\">2026 \u5e74 10 \u6708 5 \u65e5\uff0c\u7f8e\u570b 10 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u6536\u5728 5.31%\uff0c\u662f 2002 \u5e74 5 \u6708\u4ee5\u4f86\u6700\u9ad8\uff1b\u5c0d\u50b5\u5238\u4f86\u8aaa\uff0c\u9019\u4ee3\u8868\u50f9\u683c\u5148\u8dcc\u4e86\uff0c\u4f46\u4e4b\u5f8c\u6bcf\u5e74\u62ff\u5230\u7684\u7968\u606f\u8b8a\u539a\u4e86\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">1970 \u5e74\u4ee5\u4f86 14 \u6b21\u985e\u4f3c\u7684\u6b96\u5229\u7387\u6025\u5347\uff0c\u7f8e\u570b\u7d9c\u5408\u50b5\u5238\u6307\u6578\u5728\u4e4b\u5f8c\u4e00\u5e74\u6709 12 \u6b21\u662f\u6b63\u5831\u916c\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5230\u4e86 10 \u6708 14 \u65e5\uff0c\u6b96\u5229\u7387\u56de\u5230 5.19%\uff0c\u5f9e\u9ad8\u9ede\u56de\u843d 12bp\uff085.31\uff0d5.19\uff1d0.12\uff09\uff0c\u4e5f\u6bd4 2007 \u5e74\u7684\u9ad8\u9ede 5.26% \u4f4e\u4e00\u9ede\uff0c\u4f46\u4ecd\u7136\u5728 24 \u5e74\u4f86\u7684\u9ad8\u6a94\u5340\uff08U.S. Department of the Treasury, 2026a\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u9019\u7bc7\u6587\u7ae0\u6574\u7406\u4e86\u9019\u6b21\u6b96\u5229\u7387\u70ba\u4ec0\u9ebc\u5f80\u4e0a\u885d\u3001\u806f\u6e96\u6703\u5347\u606f\u5c0d\u50b5\u5238\u548c\u80a1\u7968\u6709\u4ec0\u9ebc\u5f71\u97ff\u3001\u6b77\u53f2\u4e0a\u6025\u5347\u4e4b\u5f8c\u767c\u751f\u4e86\u4ec0\u9ebc\u3001\u6b96\u5229\u7387\u8981\u518d\u5347\u591a\u5c11\u6301\u6709\u4e00\u5e74\u624d\u6703\u8667\uff0c\u4ee5\u53ca\u6211\u7684\u60f3\u6cd5\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u95dc\u9375\u5728\u8d77\u59cb\u6b96\u5229\u7387\uff1a\u8d8a\u9ad8\uff0c\u7968\u606f\u8d8a\u80fd\u5438\u6536\u4e4b\u5f8c\u7684\u50f9\u683c\u6ce2\u52d5\u3002<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading\">\u4e5d\u6708\u6b96\u5229\u7387\u4e0a\u5347 49bp\uff0c\u63a8\u5347\u7684\u662f\u5be6\u8cea\u5229\u7387\u9084\u662f\u901a\u81a8\uff1f<\/h2>\n\n<p class=\"wp-block-paragraph\">\u4e3b\u8981\u662f\u5be6\u8cea\u5229\u7387\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">2026 \u5e74 9 \u6708\uff0c\u7f8e\u570b 10 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u4e0a\u5347 49bp\uff08\u57fa\u9ede\uff0cbasis point\uff1b5.24%\uff0d4.75%\uff1d0.49 \u500b\u767e\u5206\u9ede\uff09\uff0c\u5176\u4e2d\u5be6\u8cea\u6b96\u5229\u7387\uff08real yield\uff0c\u4e5f\u5c31\u662f\u6297\u901a\u81a8\u516c\u50b5 TIPS \u7684\u6b96\u5229\u7387\uff09\u4e0a\u5347 46bp\uff0c10 \u5e74\u671f\u640d\u76ca\u5169\u5e73\u901a\u81a8\u7387\uff08breakeven inflation rate\uff09\u53ea\u4e0a\u5347 3bp\uff0c\u505c\u5728 2.34%\uff08U.S. Department of the Treasury, 2026a, 2026b\uff1bFederal Reserve Bank of St. Louis, 2026\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u7c21\u55ae\u8b1b\uff0c\u5e02\u5834\u8981\u6c42\u7684\u300c\u771f\u5be6\u5831\u916c\u300d\u8b8a\u9ad8\u4e86\uff0c\u5c0d\u9577\u671f\u901a\u81a8\u7684\u64d4\u5fc3\u5012\u6c92\u6709\u591a\u51fa\u591a\u5c11\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">2 \u5e74\u671f\u6b96\u5229\u7387\u4e0a\u5347 58bp\uff0c\u5e45\u5ea6\u6700\u5927\uff0c\u4ee3\u8868\u5e02\u5834\u5728\u91cd\u65b0\u5b9a\u50f9\u806f\u6e96\u6703\u7684\u5229\u7387\u8def\u5f91\uff1b\u806f\u6e96\u6703 9 \u6708 16 \u65e5\u628a\u806f\u90a6\u8cc7\u91d1\u5229\u7387\uff08federal funds rate\uff09\u76ee\u6a19\u5340\u9593\u5347\u606f\u4e00\u78bc\u5230 3.75%\uff5e4.00%\uff0c\u662f\u4e09\u5e74\u4f86\u7b2c\u4e00\u6b21\u5347\u606f\uff08Board of Governors of the Federal Reserve System, 2026a\uff09\u3002<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th style=\"text-align: center;\">\u6307\u6a19<\/th>\n<th style=\"text-align: center;\">2026\/08\/31<\/th>\n<th style=\"text-align: center;\">2026\/09\/28<\/th>\n<th style=\"text-align: center;\">2026\/10\/05\uff08\u9ad8\u9ede\uff09<\/th>\n<th style=\"text-align: center;\">2026\/10\/14\uff08\u6700\u65b0\uff09<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"text-align: center;\">10 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387<\/td>\n<td style=\"text-align: center;\">4.75%<\/td>\n<td style=\"text-align: center;\">5.24%<\/td>\n<td style=\"text-align: center;\">5.31%<\/td>\n<td style=\"text-align: center;\">5.19%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">10 \u5e74\u671f\u5be6\u8cea\u6b96\u5229\u7387\uff08TIPS\uff09<\/td>\n<td style=\"text-align: center;\">2.44%<\/td>\n<td style=\"text-align: center;\">2.90%<\/td>\n<td style=\"text-align: center;\">2.95%<\/td>\n<td style=\"text-align: center;\">2.84%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">10 \u5e74\u671f\u640d\u76ca\u5169\u5e73\u901a\u81a8\u7387<\/td>\n<td style=\"text-align: center;\">2.31%<\/td>\n<td style=\"text-align: center;\">2.34%<\/td>\n<td style=\"text-align: center;\">2.36%<\/td>\n<td style=\"text-align: center;\">2.35%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">2 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387<\/td>\n<td style=\"text-align: center;\">4.34%<\/td>\n<td style=\"text-align: center;\">4.92%<\/td>\n<td style=\"text-align: center;\">4.84%<\/td>\n<td style=\"text-align: center;\">4.82%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\u806f\u90a6\u8cc7\u91d1\u5229\u7387\u76ee\u6a19\u5340\u9593<\/td>\n<td style=\"text-align: center;\">3.50%\uff5e3.75%<\/td>\n<td style=\"text-align: center;\">3.75%\uff5e4.00%<\/td>\n<td style=\"text-align: center;\">3.75%\uff5e4.00%<\/td>\n<td style=\"text-align: center;\">3.75%\uff5e4.00%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\"><em>\u8868 1\u3000\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387\u8207\u653f\u7b56\u5229\u7387\uff082026\/08\/31\uff5e2026\/10\/14\uff09\u3002\u8cc7\u6599\u4f86\u6e90\uff1aU.S. Department of the Treasury\uff082026a, 2026b\uff09\uff1bFederal Reserve Bank of St. Louis\uff082026\uff09\uff0cT10YIE\uff1bBoard of Governors of the Federal Reserve System\uff082026a\uff09\u3002<\/em><\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/ust10y-nominal-real.png\" alt=\"\u7f8e\u570b 10 \u5e74\u671f\u516c\u50b5\u540d\u76ee\u8207\u5be6\u8cea\u6b96\u5229\u7387\u8d70\u52e2\uff0c2026 \u5e74 9 \u6708\u96d9\u96d9\u5347\u5230\u591a\u5e74\u9ad8\u9ede\"\/><\/figure>\n\n<p class=\"wp-block-paragraph\"><em>\u5716 1\u3000\u7f8e\u570b 10 \u5e74\u671f\u516c\u50b5\u540d\u76ee\u8207\u5be6\u8cea\u6b96\u5229\u7387\uff082003\/01\uff5e2026\/09\uff09\u3002\u8cc7\u6599\u4f86\u6e90\uff1aU.S. Department of the Treasury\uff1b\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u6574\u7406\u3002<\/em><\/p>\n\n<p class=\"wp-block-paragraph\">\u5716 1 \u53ef\u4ee5\u770b\u5230\uff0c\u540d\u76ee\u8207\u5be6\u8cea\u6b96\u5229\u7387\u662f\u4e00\u8d77\u5f80\u4e0a\u8d70\u7684\uff0c\u4e2d\u9593\u90a3\u689d\u901a\u81a8\u9810\u671f\u7684\u5dee\u8ddd\u6c92\u6709\u660e\u986f\u62c9\u958b\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u63a8\u5347\u5229\u7387\u8def\u5f91\u7684\u6709\u4e09\u80a1\u529b\u91cf\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u80fd\u6e90\uff1a\u5e03\u862d\u7279\u539f\u6cb9\uff08Brent\uff09\u671f\u8ca8 10 \u6708 14 \u65e5\u6536\u5728\u6bcf\u6876 106.06 \u7f8e\u5143\uff08Nation Thailand, 2026\uff09\uff1b\u5be6\u8ca8\u66f4\u7dca\uff0c\u7f8e\u570b\u80fd\u6e90\u8cc7\u8a0a\u7f72\u516c\u5e03\u7684\u5e03\u862d\u7279\u73fe\u8ca8\u50f9\uff0c\u6700\u65b0\u4e00\u7b46\u662f 10 \u6708 6 \u65e5\u7684 125.44 \u7f8e\u5143\uff0c9 \u6708 1 \u65e5\u9084\u662f 96.02 \u7f8e\u5143\uff08U.S. Energy Information Administration, 2026\uff09\u3002\u53cd\u6620\u5230\u7269\u50f9\uff0c9 \u6708\u7f8e\u570b\u6d88\u8cbb\u8005\u7269\u50f9\u7684\u80fd\u6e90\u5206\u9805\u5e74\u589e 20.4%\uff08U.S. Bureau of Labor Statistics, 2026b\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u666f\u6c23\uff1a\u7f8e\u570b\u4f9b\u61c9\u7ba1\u7406\u5354\u6703\uff08ISM\uff099 \u6708\u88fd\u9020\u696d\u63a1\u8cfc\u7d93\u7406\u4eba\u6307\u6578\uff08PMI\uff0954.5\uff0810 \u6708 1 \u65e5\u516c\u5e03\uff09\u3001\u670d\u52d9\u696d 54.9\uff0810 \u6708 5 \u65e5\u516c\u5e03\uff09\uff0c\u90fd\u5728\u4ee3\u8868\u64f4\u5f35\u7684 50 \u4e4b\u4e0a\uff0c\u88fd\u9020\u696d\u7684\u7269\u50f9\u5206\u9805\u66f4\u8df3\u5230 77.9\uff08Institute for Supply Management, 2026a, 2026b\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4f9b\u9700\uff1a\u7f8e\u570b\u516c\u50b5\u6a19\u552e\u9700\u6c42\u504f\u5f31\uff0c\u65e5\u672c\u592e\u884c 9 \u6708 18 \u65e5\u5347\u606f\u5230 1.25%\uff08Bank of Japan, 2026\uff09\uff0c\u65e5\u672c\u8cc7\u91d1\u56de\u6d41\u672c\u570b\u7684\u8a98\u56e0\u589e\u52a0\uff08\u65e5\u672c\u662f\u7f8e\u570b\u516c\u50b5\u6700\u5927\u7684\u6d77\u5916\u6301\u6709\u570b\u4e4b\u4e00\uff09\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u5341\u6708\u5c31\u696d\u8f49\u5f31\uff0c\u70ba\u4ec0\u9ebc\u9577\u5929\u671f\u6b96\u5229\u7387\u6c92\u6709\u56de\u843d\uff1f<\/h2>\n\n<p class=\"wp-block-paragraph\">10 \u6708 2 \u65e5\u516c\u5e03\u7684 9 \u6708\u975e\u8fb2\u5c31\u696d\uff08nonfarm payrolls\uff09\u53ea\u589e\u52a0 2.9 \u842c\u4eba\uff0c\u5931\u696d\u7387\u5347\u5230 4.2%\uff08U.S. Bureau of Labor Statistics, 2026a\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u7167\u7406\u8aaa\uff0c\u5c31\u696d\u8f49\u5f31\uff0c\u6b96\u5229\u7387\u61c9\u8a72\u5f80\u4e0b\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e 10 \u5e74\u671f\u6b96\u5229\u7387\u6c92\u6709\u8ddf\u8457\u56de\u843d\uff0c\u53cd\u800c\u5728 10 \u6708 5 \u65e5\u885d\u5230 5.31%\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u63a5\u8457 10 \u6708 14 \u65e5\u516c\u5e03\u7684 9 \u6708\u6d88\u8cbb\u8005\u7269\u50f9\u5e74\u589e 3.7%\uff0c\u6bd4 8 \u6708\u7684 3.4% \u518d\u9ad8\u4e00\u9ede\uff0c\u6263\u9664\u98df\u54c1\u8207\u80fd\u6e90\u7684\u6838\u5fc3\u7269\u50f9\u5e74\u589e 2.6%\uff0c\u4e5f\u6bd4 8 \u6708\u7684 2.4% \u9ad8\uff08U.S. Bureau of Labor Statistics, 2026b\uff09\uff1b\u7576\u5929 10 \u5e74\u671f\u6b96\u5229\u7387\u6536\u5728 5.19%\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5229\u7387\u671f\u8ca8\u7684\u53cd\u61c9\u5f88\u5feb\uff1a\u4f9d CME FedWatch\uff0c10 \u6708\u5e95\u6703\u8b70\u5347\u606f\u7684\u6a5f\u7387\u5728\u7269\u50f9\u516c\u5e03\u5f8c\u5f9e\u524d\u4e00\u5929\u7684 22% \u5347\u5230 35%\uff08Yahoo Finance, 2026\uff1b2026-10-15 \u64f7\u53d6\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6240\u4ee5\u73fe\u5728\u5e02\u5834\u540c\u6642\u6709\u5169\u500b\u65b9\u5411\u7684\u62c9\u626f\uff1a\u5c31\u696d\u8f49\u5f31\u5f80\u4e0b\u62c9\uff0c\u7269\u50f9\u5f80\u4e0a\u63a8\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u597d\u6d88\u606f\u662f\uff0c10 \u5e74\u671f\u640d\u76ca\u5169\u5e73\u901a\u81a8\u7387\u5728 10 \u6708 14 \u65e5\u662f 2.35%\uff0c\u5f9e 8 \u6708\u5e95\u5230\u73fe\u5728\u53ea\u5728 2.31%\uff5e2.36% \u4e4b\u9593\u79fb\u52d5\uff0c\u9577\u671f\u901a\u81a8\u9810\u671f\u4ecd\u7b97\u7a69\u5b9a\uff08Federal Reserve Bank of St. Louis, 2026\uff09\u3002<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<p class=\"wp-block-paragraph\">\u8aaa\u5b8c\u4e86\u58de\u6d88\u606f\uff0c\u4f86\u8aaa\u8aaa\u597d\u6d88\u606f\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6b96\u5229\u7387\u6025\u5347\uff0c\u5c0d\u624b\u4e0a\u5df2\u7d93\u6709\u50b5\u5238\u7684\u4eba\u662f\u5e33\u9762\u7684\u75db\uff1b\u4f46\u5c0d\u63a5\u4e0b\u4f86\u9084\u8981\u6301\u6709\u3001\u9084\u8981\u8cb7\u9032\u7684\u4eba\uff0c\u662f\u6536\u76ca\u689d\u4ef6\u8b8a\u597d\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6b77\u53f2\u600e\u9ebc\u8aaa\uff1f<\/p>\n\n<h2 class=\"wp-block-heading\">1970 \u5e74\u4ee5\u4f86 14 \u6b21\u6b96\u5229\u7387\u6025\u5347\u4e4b\u5f8c\uff0c\u50b5\u5238\u767c\u751f\u4e86\u4ec0\u9ebc\uff1f<\/h2>\n\n<p class=\"wp-block-paragraph\">\u56de\u982d\u6aa2\u8996\u7528\u7684\u662f\u4e00\u500b\u5728\u7576\u4e0b\u5c31\u80fd\u5224\u65b7\u7684\u689d\u4ef6\uff1a10 \u5e74\u671f\u516c\u50b5\u6708\u5747\u6b96\u5229\u7387\u5728\u516d\u500b\u6708\u5167\u4e0a\u5347 75bp \u4ee5\u4e0a\uff0c\u800c\u4e14\u5275 12 \u500b\u6708\u65b0\u9ad8\uff1b\u540c\u4e00\u6ce2\u53ea\u53d6\u7b2c\u4e00\u6b21\u51fa\u73fe\u8a0a\u865f\u7684\u6708\u4efd\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">1970 \u5e74\u4ee5\u4f86\u7b26\u5408\u689d\u4ef6\u7684\u5171 14 \u6b21\uff0c\u5305\u62ec 1994 \u5e74\u30012013 \u5e74\u7e2e\u6e1b\u8cfc\u50b5\u6050\u614c\uff08taper tantrum\uff09\u30012021 \u5e74\u7b2c\u4e00\u5b63\u8207 2022 \u5e74 9 \u6708\u3002<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th style=\"text-align: center;\">\u8cc7\u7522\uff08\u7f8e\u5143\u3001\u542b\u606f\uff09<\/th>\n<th style=\"text-align: center;\">12 \u500b\u6708\u4e2d\u4f4d\u6578<\/th>\n<th style=\"text-align: center;\">12 \u500b\u6708\u6b63\u5831\u916c\u6b21\u6578<\/th>\n<th style=\"text-align: center;\">36 \u500b\u6708\u4e2d\u4f4d\u6578<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"text-align: center;\">\u7f8e\u570b\u7d9c\u5408\u50b5<\/td>\n<td style=\"text-align: center;\">+4.7%<\/td>\n<td style=\"text-align: center;\">12\uff0f14<\/td>\n<td style=\"text-align: center;\">+23.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\u77ed\u671f\u516c\u50b5<\/td>\n<td style=\"text-align: center;\">+6.3%<\/td>\n<td style=\"text-align: center;\">13\uff0f14<\/td>\n<td style=\"text-align: center;\">+21.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\u9577\u671f\u516c\u50b5<\/td>\n<td style=\"text-align: center;\">+5.5%<\/td>\n<td style=\"text-align: center;\">10\uff0f14<\/td>\n<td style=\"text-align: center;\">+27.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\u7f8e\u80a1<\/td>\n<td style=\"text-align: center;\">+16.0%<\/td>\n<td style=\"text-align: center;\">11\uff0f14<\/td>\n<td style=\"text-align: center;\">+49.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\u80a1\u516d\u50b5\u56db\uff08\u6a21\u64ec\uff09<\/td>\n<td style=\"text-align: center;\">+11.2%<\/td>\n<td style=\"text-align: center;\">11\uff0f14<\/td>\n<td style=\"text-align: center;\">+37.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\"><em>\u8868 2\u3000\u6b96\u5229\u7387\u6025\u5347\u8a0a\u865f\u5f8c\u5404\u8cc7\u7522\u5831\u916c\u4e2d\u4f4d\u6578\uff081970\uff5e2026\uff09\u3002\u6a23\u672c\u6708\u4efd\uff1a1973-08\u30011975-08\u30011978-05\u30011979-11\u30011981-05\u30011984-04\u30011987-05\u30011994-03\u30011996-05\u30011999-06\u30012013-08\u30012016-12\u30012021-03\u30012022-09\uff1b\u81ea\u8a0a\u865f\u6708\u7684\u4e0b\u4e00\u500b\u6708\u8d77\u7b97\u3002\u7f8e\u80a1 2008 \u5e74\u524d\u4ee5 Fama-French \u7f8e\u570b\u5e02\u5834\u5831\u916c\u4ee3\u7406\uff1b\u7d9c\u5408\u50b5 1987 \u5e74\u524d\u4ee5 10 \u5e74\u671f\u516c\u50b5\u5408\u6210\u30011987\u20132008 \u5e74\u4ee5 Vanguard \u7e3d\u50b5\u5238\u5e02\u5834\u6307\u6578\u57fa\u91d1\u4ee3\u7406\u3002\u80a1\u516d\u50b5\u56db\u70ba\u6bcf\u6708\u518d\u5e73\u8861\u7684\u6a21\u64ec\u7d44\u5408\u3002\u4ee5\u4e0a\u70ba\u6b77\u53f2\u8cc7\u6599\u6a21\u64ec\uff0c\u672a\u6263\u9664\u8cbb\u7528\u8207\u7a05\u8ca0\uff0c\u4e0d\u4ee3\u8868\u4efb\u4f55\u5be6\u969b\u5e33\u6236\u7e3e\u6548\uff0c\u4e5f\u4e0d\u4ee3\u8868\u672a\u4f86\u8868\u73fe\u3002\u8cc7\u6599\u4f86\u6e90\uff1a\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97\u3002<\/em><\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/after-yield-surge-returns.png\" alt=\"\u6b96\u5229\u7387\u6025\u5347\u8a0a\u865f\u51fa\u73fe\u5f8c\uff0c\u5404\u985e\u8cc7\u7522\u7d2f\u7a4d\u5831\u916c\u4e2d\u4f4d\u6578\u8d70\u52e2\"\/><\/figure>\n\n<p class=\"wp-block-paragraph\"><em>\u5716 2\u3000\u6b96\u5229\u7387\u6025\u5347\u8a0a\u865f\u5f8c\u5404\u8cc7\u7522\u7d2f\u7a4d\u5831\u916c\u4e2d\u4f4d\u6578\u3002\u8cc7\u6599\u4f86\u6e90\uff1a\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97\u3002<\/em><\/p>\n\n<p class=\"wp-block-paragraph\">\u5716 2 \u662f\u540c\u4e00\u7d44\u6a23\u672c\u62c9\u9577\u5230 36 \u500b\u6708\uff0c\u4e94\u689d\u7dda\u7684\u4e2d\u4f4d\u6578\u90fd\u5f80\u4e0a\uff0c\u5dee\u5225\u53ea\u5728\u8d70\u5f97\u591a\u5feb\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">14 \u6b21\u4e4b\u4e2d\u6709 8 \u6b21\uff0c\u4e00\u5e74\u5f8c\u7684 10 \u5e74\u671f\u6b96\u5229\u7387\u6bd4\u8a0a\u865f\u7576\u6642\u66f4\u9ad8\uff0c\u4e5f\u5c31\u662f\u300c\u8cb7\u65e9\u4e86\u300d\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5373\u4fbf\u5982\u6b64\uff0c\u9019 8 \u6b21\u88e1\u9762\u6709 6 \u6b21\uff0c\u7d9c\u5408\u50b5\u7684\u4e00\u5e74\u5831\u916c\u4ecd\u7136\u662f\u6b63\u7684\uff0c\u9760\u7684\u662f\u7968\u606f\uff08coupon\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u771f\u6b63\u8667\u640d\u7684\u5169\u6b21\uff0c\u4e00\u6b21\u662f 1979 \u5e74 11 \u6708\uff0c\u4e4b\u5f8c\u4e00\u5e74\u6b96\u5229\u7387\u518d\u5347 2 \u500b\u767e\u5206\u9ede\uff0c\u901a\u81a8\u9810\u671f\u5168\u9762\u5931\u63a7\uff1b\u53e6\u4e00\u6b21\u662f 2021 \u5e74 3 \u6708\uff0c\u8d77\u59cb\u6b96\u5229\u7387\u53ea\u6709 1.6%\uff08\u7968\u606f\u592a\u8584\uff0c\u4ec0\u9ebc\u90fd\u64cb\u4e0d\u4f4f\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4eca\u5929\u7684\u8d77\u59cb\u6b96\u5229\u7387\u5728 5% \u4ee5\u4e0a\uff0c\u901a\u81a8\u9810\u671f 2.35% \u4ecd\u7136\u7a69\u5b9a\uff0c\u548c\u90a3\u5169\u6b21\u7684\u689d\u4ef6\u4e0d\u540c\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e\uff0c\u901a\u81a8\u9810\u671f\u6703\u4e0d\u6703\u9b06\u52d5\uff0c\u4ecd\u7136\u662f\u6700\u9700\u8981\u8ffd\u8e64\u7684\u8b8a\u6578\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u6b96\u5229\u7387\u8981\u518d\u5347\u591a\u5c11\uff0c\u6301\u6709\u4e00\u5e74\u624d\u6703\u8667\uff1f<\/h2>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u4e00\u5e74\u7684\u5831\u916c\uff0c\u7531\u5169\u584a\u7d44\u6210\uff1a\u7968\u606f\uff0c\u52a0\u4e0a\u50f9\u683c\u8b8a\u52d5\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4ee5\u642d\u4e58\u98db\u6a5f\u4f86\u8209\u4f8b\uff0c\u8d77\u59cb\u6b96\u5229\u7387\u5c31\u50cf\u5de1\u822a\u9ad8\u5ea6\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u9047\u5230\u4e82\u6d41\uff0c\u98db\u6a5f\u6703\u6389\u4e00\u6bb5\u9ad8\u5ea6\uff1b\u98db\u5f97\u8d8a\u9ad8\uff0c\u6389\u4e0b\u53bb\u4e4b\u5f8c\u96e2\u5730\u9762\u9084\u8d8a\u9060\uff0c\u9084\u6709\u7a7a\u9593\u6539\u51fa\uff08\u98db\u884c\u54e1\u5e38\u8aaa\uff0c\u9ad8\u5ea6\u662f\u4f60\u7684\u670b\u53cb\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u4e5f\u4e00\u6a23\uff1a\u8d77\u59cb\u6b96\u5229\u7387\u8d8a\u9ad8\uff0c\u7968\u606f\u9019\u6bb5\u300c\u9ad8\u5ea6\u300d\u80fd\u5438\u6536\u7684\u50f9\u683c\u4e0b\u8dcc\u5c31\u8d8a\u591a\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4ee5 10 \u6708 14 \u65e5\u7684\u6b96\u5229\u7387\u8a66\u7b97\uff0c\u6301\u6709\u4e00\u5e74\u7684\u60c5\u6cc1\u5982\u4e0b\uff1a<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th style=\"text-align: center;\">\u5929\u671f<\/th>\n<th style=\"text-align: center;\">10\/14 \u6b96\u5229\u7387<\/th>\n<th style=\"text-align: center;\">\u4e00\u5e74\u7e3d\u5831\u916c\u8f49\u8ca0\u6240\u9700\u7684\u6b96\u5229\u7387\u5347\u5e45<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"text-align: center;\">2 \u5e74\u671f<\/td>\n<td style=\"text-align: center;\">4.82%<\/td>\n<td style=\"text-align: center;\">\u7d04 5.31 \u500b\u767e\u5206\u9ede<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">5 \u5e74\u671f<\/td>\n<td style=\"text-align: center;\">5.00%<\/td>\n<td style=\"text-align: center;\">\u7d04 1.46 \u500b\u767e\u5206\u9ede<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">10 \u5e74\u671f<\/td>\n<td style=\"text-align: center;\">5.19%<\/td>\n<td style=\"text-align: center;\">\u7d04 0.76 \u500b\u767e\u5206\u9ede<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">20 \u5e74\u671f<\/td>\n<td style=\"text-align: center;\">5.57%<\/td>\n<td style=\"text-align: center;\">\u7d04 0.50 \u500b\u767e\u5206\u9ede<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\"><em>\u8868 3\u3000\u7968\u606f\u7de9\u885d\u8a66\u7b97\uff08\u4ee5 2026\/10\/14 \u6b96\u5229\u7387\u8a08\uff09\u3002\u5047\u8a2d\u6301\u6709\u4e00\u5e74\u3001\u6b96\u5229\u7387\u4e00\u6b21\u8b8a\u52d5\u3001\u5e74\u4ed8\u606f\u5e73\u50f9\u50b5\u8fd1\u4f3c\uff0c\u672a\u8a08\u5165\u6b96\u5229\u7387\u66f2\u7dda\u6efe\u964d\u3001\u4ea4\u6613\u6210\u672c\u8207\u7a05\u8ca0\uff1b\u8a66\u7b97\uff0c\u975e\u9810\u6e2c\u3002\u8cc7\u6599\u4f86\u6e90\uff1aU.S. Department of the Treasury\uff082026a\uff09\uff1b\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97\u3002<\/em><\/p>\n\n<p class=\"wp-block-paragraph\">\u4ee5 10 \u5e74\u671f\u70ba\u4f8b\uff0c\u7b97\u6cd5\u662f\u9019\u6a23\uff1a\u8cb7\u9032\u6642\u7968\u606f 5.19%\uff0c\u4e00\u5e74\u5f8c\u5269 9 \u5e74\u5230\u671f\uff1b\u6b96\u5229\u7387\u8981\u5f9e 5.19% \u5347\u5230\u7d04 5.95%\uff085.19\uff0b0.76\uff09\uff0c9 \u5e74\u671f\u50b5\u5238\u7684\u50f9\u683c\u8dcc\u5e45\u624d\u6703\u525b\u597d\u5403\u6389\u90a3 5.19% \u7684\u7968\u606f\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u7c97\u7565\u7684\u9a57\u7b97\u53ef\u4ee5\u7528\u5b58\u7e8c\u671f\u9593\uff08duration\uff09\uff1a\u5269 9 \u5e74\u7684\u50b5\u5238\u5b58\u7e8c\u671f\u9593\u7d04 7 \u5e74\uff0c7\u00d70.76\u22485.3%\uff0c\u548c\u7968\u606f 5.19% \u5dee\u4e0d\u591a\u62b5\u92b7\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u518d\u5c0d\u7167 2021 \u5e74\u521d\uff0c10 \u5e74\u671f\u6b96\u5229\u7387\u53ea\u6709 1% \u51fa\u982d\uff0c\u540c\u6a23\u7684\u7de9\u885d\u4e0d\u5230 0.15 \u500b\u767e\u5206\u9ede\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e00\u6a23\u9047\u5230\u4e82\u6d41\uff0c2021 \u5e74\u662f\u5728\u4f4e\u7a7a\u98db\uff0c2026 \u5e74\u662f\u5728\u9ad8\u7a7a\u98db\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u9019\u662f\u4eca\u5929\u7684\u50b5\u5238\u548c 2021 \u5e74\u6700\u5927\u7684\u5dee\u5225\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4ee5 1976 \u5e74\u4ee5\u4f86\u7684\u6708\u8cc7\u6599\u8a08\u7b97\uff0c10 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u53ef\u4ee5\u89e3\u91cb\u7f8e\u570b\u7d9c\u5408\u50b5\u5176\u5f8c 5 \u5e74\u5e74\u5316\u5831\u916c\u8b8a\u52d5\u7684 85%\uff08\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97\uff09\uff1b\u8d77\u59cb\u6b96\u5229\u7387\uff0c\u662f\u89c0\u5bdf\u50b5\u5238\u9577\u671f\u5831\u916c\u6700\u76f4\u63a5\u7684\u6307\u6a19\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u806f\u6e96\u6703\u6703\u5347\u606f\u9084\u662f\u964d\u606f\uff1f\u5c0d\u50b5\u5238\u548c\u80a1\u7968\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f<\/h2>\n\n<p class=\"wp-block-paragraph\">\u806f\u6e96\u6703\u6700\u8fd1\u4e00\u6b21\u6c7a\u8b70\u662f 9 \u6708 16 \u65e5\u5347\u606f\u4e00\u78bc\u5230 3.75%\uff5e4.00%\uff0c\u4e0b\u4e00\u6b21\u6703\u8b70\u662f 10 \u6708 27\uff5e28 \u65e5\uff08Board of Governors of the Federal Reserve System, 2026a, 2026b\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6703\u5347\u3001\u6703\u505c\uff0c\u9084\u662f\u6703\u964d\uff1f<\/p>\n\n<p class=\"wp-block-paragraph\">\u6211\u4e0d\u77e5\u9053\uff0c\u6c92\u6709\u4eba\u77e5\u9053\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e\u5347\u606f\u5c0d\u50b5\u5238\u548c\u80a1\u7968\u7684\u5f71\u97ff\uff0c\u6a5f\u5236\u662f\u53ef\u4ee5\u5148\u8b1b\u6e05\u695a\u7684\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5c0d\u50b5\u5238\uff1a\u77ed\u5929\u671f\u6b96\u5229\u7387\u8ddf\u8457\u653f\u7b56\u5229\u7387\u8d70\uff0c2 \u5e74\u671f\u5728 9 \u6708\u5347\u4e86 58bp \u5c31\u662f\u9019\u500b\u539f\u56e0\uff1b\u9577\u5929\u671f\u6b96\u5229\u7387\u770b\u7684\u662f\u5be6\u8cea\u5229\u7387\u8207\u901a\u81a8\u9810\u671f\uff0c\u6240\u4ee5\u9019\u6b21\u5c31\u696d\u8f49\u5f31\uff0c10 \u5e74\u671f\u4e5f\u6c92\u6709\u8ddf\u8457\u6389\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u50f9\u683c\u7684\u8dcc\u5e45\uff0c\u5927\u7d04\u662f\u6b96\u5229\u7387\u5347\u5e45\u4e58\u4ee5\u5b58\u7e8c\u671f\u9593\uff08duration\uff09\uff0c\u4f8b\u5982\u5b58\u7e8c\u671f\u9593 6 \u5e74\u3001\u6b96\u5229\u7387\u5347 1 \u500b\u767e\u5206\u9ede\uff0c\u50f9\u683c\u7d04\u8dcc 6%\uff086\u00d71%\uff1d6%\uff09\uff1b\u5929\u671f\u8d8a\u9577\uff0c\u8dcc\u5f97\u8d8a\u591a\uff0c30 \u5e74\u671f\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387 10 \u6708 14 \u65e5\u662f 5.52%\uff08U.S. Department of the Treasury, 2026a\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5c0d\u80a1\u7968\uff1a\u5347\u606f\u63d0\u9ad8\u4f01\u696d\u501f\u9322\u7684\u6210\u672c\uff0c\u4e5f\u62c9\u9ad8\u4e86\u4f30\u503c\u7528\u7684\u6298\u73fe\u7387\uff0c\u77ed\u671f\u901a\u5e38\u662f\u58d3\u529b\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e\u770b\u8868 2\uff0c1970 \u5e74\u4ee5\u4f86 14 \u6b21\u6b96\u5229\u7387\u6025\u5347\u4e4b\u5f8c\uff0c\u7f8e\u80a1\u4e00\u5e74\u5f8c\u6709 11 \u6b21\u662f\u6b63\u5831\u916c\uff0c\u4e2d\u4f4d\u6578 +16.0%\uff1b\u6b96\u5229\u7387\u4e0a\u5347\u5e38\u5e38\u767c\u751f\u5728\u666f\u6c23\u9084\u4e0d\u932f\u7684\u6642\u5019\uff0c\u7372\u5229\u6210\u9577\u62b5\u92b7\u4e86\u4e00\u90e8\u5206\u6298\u73fe\u7387\u7684\u58d3\u529b\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5347\u606f\u7684\u5b9a\u7fa9\u3001\u4e00\u78bc\u662f\u591a\u5c11\u3001\u6b77\u5e74\u5347\u606f\u6642\u9593\u8868\uff0c\u6574\u7406\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=6903\">\u592e\u884c\u5347\u606f\u662f\u4ec0\u9ebc\uff1f\u806f\u6e96\u6703\u5347\u606f\u6709\u4ec0\u9ebc\u5f71\u97ff<\/a>\uff1b30 \u5e74\u671f\u7f8e\u50b5\u6b96\u5229\u7387\u70ba\u4ec0\u9ebc\u7279\u5225\u654f\u611f\uff0c\u53ef\u4ee5\u770b<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=15213\">30 \u5e74\u671f\u7f8e\u50b5\u6b96\u5229\u7387\u7a81\u7834 5%\uff0c\u4ee3\u8868\u4ec0\u9ebc\uff1f<\/a>\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u63a5\u4e0b\u4f86\u8981\u770b\u54ea\u4e9b\u65e5\u671f\uff1f<\/h2>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th style=\"text-align: center;\">\u65e5\u671f\uff08\u53f0\u5317\u6642\u9593\uff09<\/th>\n<th style=\"text-align: center;\">\u4e8b\u4ef6<\/th>\n<th style=\"text-align: center;\">\u4f86\u6e90<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"text-align: center;\">10\/29\uff08\u56db\uff0902:00<\/td>\n<td style=\"text-align: center;\">\u806f\u6e96\u6703\u5229\u7387\u6c7a\u8b70\uff0810\/27\uff5e28 \u6703\u8b70\uff09<\/td>\n<td style=\"text-align: center;\">\u806f\u6e96\u6703<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">10\/29\uff08\u56db\uff0920:30<\/td>\n<td style=\"text-align: center;\">\u7f8e\u570b\u7b2c\u4e09\u5b63 GDP \u521d\u4f30\u30019 \u6708\u500b\u4eba\u6d88\u8cbb\u652f\u51fa\u7269\u50f9<\/td>\n<td style=\"text-align: center;\">BEA<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">11\/4\uff08\u4e09\uff09<\/td>\n<td style=\"text-align: center;\">\u7f8e\u570b\u8ca1\u653f\u90e8\u5b63\u5ea6\u518d\u878d\u8cc7<\/td>\n<td style=\"text-align: center;\">\u7f8e\u570b\u8ca1\u653f\u90e8<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">11\/6\uff08\u4e94\uff0921:30<\/td>\n<td style=\"text-align: center;\">\u7f8e\u570b 10 \u6708\u5c31\u696d\u5831\u544a<\/td>\n<td style=\"text-align: center;\">BLS<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">12\/10\uff08\u56db\uff0903:00<\/td>\n<td style=\"text-align: center;\">\u806f\u6e96\u6703\u5229\u7387\u6c7a\u8b70\uff0812\/8\uff5e9 \u6703\u8b70\uff0c\u542b\u7d93\u6fdf\u9810\u6e2c\u6458\u8981\uff09<\/td>\n<td style=\"text-align: center;\">\u806f\u6e96\u6703<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\"><em>\u8868 4\u3000\u63a5\u4e0b\u4f86\u7684\u91cd\u8981\u65e5\u671f\u3002\u8cc7\u6599\u4f86\u6e90\uff1aBoard of Governors of the Federal Reserve System\uff082026b\uff09\uff1bU.S. Bureau of Economic Analysis\uff082026\uff09\uff1bU.S. Bureau of Labor Statistics \u767c\u5e03\u884c\u4e8b\u66c6\uff1b\u7f8e\u570b\u8ca1\u653f\u90e8\u5b63\u5ea6\u518d\u878d\u8cc7\u6642\u7a0b\u3002<\/em><\/p>\n\n<h2 class=\"wp-block-heading\">\u6211\u7684\u60f3\u6cd5<\/h2>\n\n<p class=\"wp-block-paragraph\">\u6211\u89ba\u5f97\u7f8e\u570b 10 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u4f86\u5230 24 \u5e74\u9ad8\u9ede\uff0c\u5c0d\u9577\u671f\u6301\u6709\u50b5\u5238\u7684\u4eba\u4f86\u8aaa\uff0c\u6bd4\u8f03\u50cf\u662f\u6536\u76ca\u689d\u4ef6\u8b8a\u597d\uff0c\u800c\u4e0d\u662f\u8a72\u628a\u50b5\u5238\u6e1b\u6389\u7684\u8a0a\u865f\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u50f9\u683c\u8dcc\u4e86\u662f\u771f\u7684\uff0c\u5e33\u9762\u4e0d\u8212\u670d\u4e5f\u662f\u771f\u7684\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e\u8d77\u59cb\u6b96\u5229\u7387 5% \u4ee5\u4e0a\uff0c\u4ee3\u8868\u63a5\u4e0b\u4f86\u6bcf\u4e00\u5e74\u7684\u7968\u606f\u90fd\u6bd4\u904e\u53bb\u5341\u591a\u5e74\u539a\uff0c\u6b77\u53f2\u4e0a 14 \u6b21\u6025\u5347\u4e4b\u5f8c\uff0c\u7d9c\u5408\u50b5\u4e00\u5e74\u5f8c\u6709 12 \u6b21\u662f\u6b63\u5831\u916c\uff0c\u9760\u7684\u5c31\u662f\u9019\u584a\u7968\u606f\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6211\u4e0d\u6703\u53bb\u731c\u5229\u7387\u4e0b\u4e00\u6b65\u5f80\u54ea\u8d70\uff0c\u56e0\u70ba\u90a3\u4e0d\u662f\u6211\u80fd\u638c\u63e1\u7684\u8b8a\u6578\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6211\u80fd\u638c\u63e1\u7684\uff0c\u662f\u50b5\u5238\u5728\u914d\u7f6e\u88e1\u626e\u6f14\u7684\u89d2\u8272\uff1a\u5b83\u7684\u5de5\u4f5c\u662f\u5728\u80a1\u7968\u5927\u8dcc\u7684\u6642\u5019\u8b93\u6574\u500b\u7d44\u5408\u6490\u5f97\u4f4f\uff0c\u4e5f\u8b93\u9700\u8981\u7528\u9322\u7684\u4eba\u4e0d\u5fc5\u5728\u4f4e\u9ede\u8ce3\u80a1\u7968\uff1b\u8cfa\u6700\u591a\uff0c\u672c\u4f86\u5c31\u4e0d\u662f\u5b83\u7684\u4efb\u52d9\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6b96\u5229\u7387\u5347\u9ad8\uff0c\u9019\u500b\u89d2\u8272\u6c92\u6709\u8b8a\uff0c\u53cd\u800c\u56e0\u70ba\u7968\u606f\u8b8a\u539a\uff0c\u505a\u5f97\u66f4\u597d\u4e86\uff08\u7576\u7136\uff0c\u524d\u63d0\u662f\u901a\u81a8\u9810\u671f\u4e0d\u8981\u50cf 1979 \u5e74\u90a3\u6a23\u5931\u63a7\uff0c\u9019\u662f\u6211\u6703\u4e00\u76f4\u76ef\u8457\u7684\u5730\u65b9\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6240\u4ee5\u6211\u89ba\u5f97\u9019\u6bb5\u6642\u9593\u6bd4\u8d77\u8abf\u6574\u80a1\u50b5\u6bd4\u4f8b\uff0c\u66f4\u91cd\u8981\u7684\u662f\u7d00\u5f8b\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u80a1\u5e02\u63a5\u8fd1\u9ad8\u9ede\u3001\u50b5\u5238\u4e0b\u8dcc\uff0c\u80a1\u7968\u7684\u6b0a\u91cd\u5f88\u5bb9\u6613\u4e0d\u77e5\u4e0d\u89ba\u8d85\u51fa\u539f\u672c\u7684\u76ee\u6a19\uff1b\u6309\u7167\u7d00\u5f8b\u518d\u5e73\u8861\uff08rebalancing\uff09\uff0c\u5c31\u662f\u628a\u504f\u96e2\u822a\u7dda\u7684\u7d44\u5408\u62c9\u56de\u539f\u672c\u7684\u822a\u7dda\uff0c\u7b49\u65bc\u5236\u5ea6\u5316\u5730\u9ad8\u8ce3\u4f4e\u8cb7\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u81f3\u65bc\u7528\u9ad8\u6536\u76ca\u50b5\u53d6\u4ee3\u516c\u50b5\u4f86\u591a\u62ff\u4e00\u9ede\u6536\u76ca\uff0c\u6211\u89ba\u5f97\u73fe\u5728\u4e0d\u5212\u7b97\uff1a\u9ad8\u6536\u76ca\u50b5\u548c\u516c\u50b5\u7684\u5229\u5dee\u53ea\u6709 3.16 \u500b\u767e\u5206\u9ede\uff082026\/10\/13\uff1bFederal Reserve Bank of St. Louis, 2026\uff09\uff0c\u591a\u62ff\u7684\u90a3\u4e00\u9ede\uff0c\u63db\u4f86\u7684\u662f\u80a1\u7968\u5927\u8dcc\u6642\u4e00\u8d77\u8dcc\u7684\u98a8\u96aa\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6309\u65e2\u5b9a\u822a\u7dda\u98db\u884c\uff0c\u7b49\u5f85\u4e82\u6d41\u904e\u53bb\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u5e38\u898b\u554f\u984c<\/h2>\n\n<h3 class=\"wp-block-heading\">\u7f8e\u50b5\u6b96\u5229\u7387\u5275\u65b0\u9ad8\uff0c\u73fe\u5728\u9084\u80fd\u8cb7\u50b5\u5238\u55ce\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u8d77\u59cb\u6b96\u5229\u7387\u8d8a\u9ad8\uff0c\u7968\u606f\u8d8a\u80fd\u5438\u6536\u4e4b\u5f8c\u7684\u50f9\u683c\u4e0b\u8dcc\u3002\u4ee5 2026 \u5e74 10 \u6708 14 \u65e5\u7684\u6b96\u5229\u7387\u8a66\u7b97\uff0c10 \u5e74\u671f\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387\u8981\u5728\u4e00\u5e74\u5167\u518d\u4e0a\u5347\u7d04 0.76 \u500b\u767e\u5206\u9ede\uff0c\u6301\u6709\u4e00\u5e74\u7684\u7e3d\u5831\u916c\u624d\u6703\u8f49\u8ca0\uff1b1970 \u5e74\u4ee5\u4f86 14 \u6b21\u6025\u5347\u5f8c\uff0c\u7d9c\u5408\u50b5\u4e00\u5e74\u6709 12 \u6b21\u6b63\u5831\u916c\u3002\u9019\u662f\u8a66\u7b97\u8207\u6b77\u53f2\u7d71\u8a08\uff0c\u4e0d\u662f\u4fdd\u8b49\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5347\u606f\u5c0d\u50b5\u5238\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u65e2\u6709\u50b5\u5238\u7684\u7968\u606f\u56fa\u5b9a\uff0c\u6b96\u5229\u7387\u4e0a\u5347\u6642\uff0c\u65b0\u50b5\u7968\u606f\u66f4\u9ad8\uff0c\u820a\u50b5\u8981\u964d\u50f9\u624d\u6709\u4eba\u8cb7\u3002\u50f9\u683c\u8dcc\u5e45\u7d04\u7b49\u65bc\u6b96\u5229\u7387\u5347\u5e45\u4e58\u4ee5\u5b58\u7e8c\u671f\u9593\uff0c\u4f8b\u5982\u5b58\u7e8c\u671f\u9593 6 \u5e74\u3001\u6b96\u5229\u7387\u5347 1 \u500b\u767e\u5206\u9ede\uff0c\u50f9\u683c\u7d04\u8dcc 6%\uff1b\u8dcc\u5b8c\u4e4b\u5f8c\uff0c\u65b0\u8cb7\u9032\u7684\u50b5\u5238\u62ff\u5230\u7684\u7968\u606f\u4e5f\u6bd4\u8f03\u9ad8\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5347\u606f\u5c0d\u80a1\u5e02\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u5347\u606f\u63d0\u9ad8\u501f\u8cb8\u6210\u672c\u8207\u6298\u73fe\u7387\uff0c\u77ed\u671f\u901a\u5e38\u662f\u58d3\u529b\u3002\u4e0d\u904e 1970 \u5e74\u4ee5\u4f86 14 \u6b21 10 \u5e74\u671f\u6b96\u5229\u7387\u6025\u5347\u4e4b\u5f8c\uff0c\u7f8e\u80a1\u4e00\u5e74\u5f8c\u6709 11 \u6b21\u6b63\u5831\u916c\u3001\u4e2d\u4f4d\u6578 +16.0%\uff08\u6b77\u53f2\u6a21\u64ec\uff0c\u672a\u6263\u8cbb\u7528\uff09\uff0c\u56e0\u70ba\u6b96\u5229\u7387\u4e0a\u5347\u5e38\u4f34\u96a8\u666f\u6c23\u9084\u4e0d\u932f\u3001\u7372\u5229\u6210\u9577\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u7f8e\u50b5 30 \u5e74\u6b96\u5229\u7387\u73fe\u5728\u591a\u5c11\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u4f9d\u7f8e\u570b\u8ca1\u653f\u90e8\u6bcf\u65e5\u6b96\u5229\u7387\u66f2\u7dda\uff0c30 \u5e74\u671f\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387 2026 \u5e74 10 \u6708 14 \u65e5\u662f 5.52%\uff0c20 \u5e74\u671f 5.57%\uff0c10 \u5e74\u671f 5.19%\u3002\u9577\u5929\u671f\u50b5\u5238\u7684\u5b58\u7e8c\u671f\u9593\u8f03\u9577\uff0c\u6b96\u5229\u7387\u8b8a\u52d5\u5c0d\u50f9\u683c\u7684\u5f71\u97ff\u4e5f\u6bd4\u8f03\u5927\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u9019\u6b21\u7f8e\u50b5\u6b96\u5229\u7387\u4e0a\u5347\u548c 2022 \u5e74\u6709\u4ec0\u9ebc\u4e0d\u540c\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">2022 \u5e74 5 \u6708\u6642\uff0c10 \u5e74\u671f\u6b96\u5229\u7387\u7d04 3%\uff0c\u901a\u81a8\u9810\u671f\u6b63\u5728\u4e0a\u79fb\uff0c\u806f\u6e96\u6703\u7576\u5e74\u5171\u5347\u606f 4.25 \u500b\u767e\u5206\u9ede\u30022026 \u5e74 10 \u6708\u7684 10 \u5e74\u671f\u6b96\u5229\u7387\u5728 5% \u4ee5\u4e0a\uff0c\u640d\u76ca\u5169\u5e73\u901a\u81a8\u7387\u7dad\u6301\u5728 2.35% \u5de6\u53f3\u3002\u8d77\u59cb\u689d\u4ef6\u4e0d\u540c\uff0c\u4f46\u901a\u81a8\u9810\u671f\u82e5\u958b\u59cb\u9b06\u52d5\uff0c\u60c5\u6cc1\u5c31\u53ef\u80fd\u6539\u8b8a\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u76f8\u95dc\u6587\u7ae0<\/h2>\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=6933\">\u50b5\u5238\u662f\u4ec0\u9ebc\uff1f\u50b5\u5238\u8a72\u600e\u9ebc\u8cb7\uff1f\u6295\u8cc7\u50b5\u5238\u7684 6 \u5927\u98a8\u96aa\u4e00\u6b21\u770b<\/a><\/li>\n<li><a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=15213\">30 \u5e74\u671f\u7f8e\u50b5\u6b96\u5229\u7387\u7a81\u7834 5%\uff0c\u4ee3\u8868\u4ec0\u9ebc\uff1f<\/a><\/li>\n<li><a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=15225\">30 \u5e74\u671f\u7f8e\u50b5\u6b96\u5229\u7387\u4ec0\u9ebc\u60c5\u5883\u4e0b\u6703\u518d\u4e0a\u5347\uff1f\u8a72\u5982\u4f55\u61c9\u5c0d\uff1f<\/a><\/li>\n<li><a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=6903\">\u592e\u884c\u5347\u606f\u662f\u4ec0\u9ebc\uff1f\u806f\u6e96\u6703\u5347\u606f\u6709\u4ec0\u9ebc\u5f71\u97ff<\/a><\/li>\n<\/ul>\n\n<script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@type\": \"FAQPage\", \"mainEntity\": [{\"@type\": \"Question\", \"name\": \"\u7f8e\u50b5\u6b96\u5229\u7387\u5275\u65b0\u9ad8\uff0c\u73fe\u5728\u9084\u80fd\u8cb7\u50b5\u5238\u55ce\uff1f\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"\u8d77\u59cb\u6b96\u5229\u7387\u8d8a\u9ad8\uff0c\u7968\u606f\u8d8a\u80fd\u5438\u6536\u4e4b\u5f8c\u7684\u50f9\u683c\u4e0b\u8dcc\u3002\u4ee5 2026 \u5e74 10 \u6708 14 \u65e5\u7684\u6b96\u5229\u7387\u8a66\u7b97\uff0c10 \u5e74\u671f\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387\u8981\u5728\u4e00\u5e74\u5167\u518d\u4e0a\u5347\u7d04 0.76 \u500b\u767e\u5206\u9ede\uff0c\u6301\u6709\u4e00\u5e74\u7684\u7e3d\u5831\u916c\u624d\u6703\u8f49\u8ca0\uff1b1970 \u5e74\u4ee5\u4f86 14 \u6b21\u6025\u5347\u5f8c\uff0c\u7d9c\u5408\u50b5\u4e00\u5e74\u6709 12 \u6b21\u6b63\u5831\u916c\u3002\u9019\u662f\u8a66\u7b97\u8207\u6b77\u53f2\u7d71\u8a08\uff0c\u4e0d\u662f\u4fdd\u8b49\u3002\"}}, {\"@type\": \"Question\", \"name\": \"\u5347\u606f\u5c0d\u50b5\u5238\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"\u65e2\u6709\u50b5\u5238\u7684\u7968\u606f\u56fa\u5b9a\uff0c\u6b96\u5229\u7387\u4e0a\u5347\u6642\uff0c\u65b0\u50b5\u7968\u606f\u66f4\u9ad8\uff0c\u820a\u50b5\u8981\u964d\u50f9\u624d\u6709\u4eba\u8cb7\u3002\u50f9\u683c\u8dcc\u5e45\u7d04\u7b49\u65bc\u6b96\u5229\u7387\u5347\u5e45\u4e58\u4ee5\u5b58\u7e8c\u671f\u9593\uff0c\u4f8b\u5982\u5b58\u7e8c\u671f\u9593 6 \u5e74\u3001\u6b96\u5229\u7387\u5347 1 \u500b\u767e\u5206\u9ede\uff0c\u50f9\u683c\u7d04\u8dcc 6%\uff1b\u8dcc\u5b8c\u4e4b\u5f8c\uff0c\u65b0\u8cb7\u9032\u7684\u50b5\u5238\u62ff\u5230\u7684\u7968\u606f\u4e5f\u6bd4\u8f03\u9ad8\u3002\"}}, {\"@type\": \"Question\", \"name\": \"\u5347\u606f\u5c0d\u80a1\u5e02\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"\u5347\u606f\u63d0\u9ad8\u501f\u8cb8\u6210\u672c\u8207\u6298\u73fe\u7387\uff0c\u77ed\u671f\u901a\u5e38\u662f\u58d3\u529b\u3002\u4e0d\u904e 1970 \u5e74\u4ee5\u4f86 14 \u6b21 10 \u5e74\u671f\u6b96\u5229\u7387\u6025\u5347\u4e4b\u5f8c\uff0c\u7f8e\u80a1\u4e00\u5e74\u5f8c\u6709 11 \u6b21\u6b63\u5831\u916c\u3001\u4e2d\u4f4d\u6578 +16.0%\uff08\u6b77\u53f2\u6a21\u64ec\uff0c\u672a\u6263\u8cbb\u7528\uff09\uff0c\u56e0\u70ba\u6b96\u5229\u7387\u4e0a\u5347\u5e38\u4f34\u96a8\u666f\u6c23\u9084\u4e0d\u932f\u3001\u7372\u5229\u6210\u9577\u3002\"}}, {\"@type\": \"Question\", \"name\": \"\u7f8e\u50b5 30 \u5e74\u6b96\u5229\u7387\u73fe\u5728\u591a\u5c11\uff1f\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"\u4f9d\u7f8e\u570b\u8ca1\u653f\u90e8\u6bcf\u65e5\u6b96\u5229\u7387\u66f2\u7dda\uff0c30 \u5e74\u671f\u7f8e\u570b\u516c\u50b5\u6b96\u5229\u7387 2026 \u5e74 10 \u6708 14 \u65e5\u662f 5.52%\uff0c20 \u5e74\u671f 5.57%\uff0c10 \u5e74\u671f 5.19%\u3002\u9577\u5929\u671f\u50b5\u5238\u7684\u5b58\u7e8c\u671f\u9593\u8f03\u9577\uff0c\u6b96\u5229\u7387\u8b8a\u52d5\u5c0d\u50f9\u683c\u7684\u5f71\u97ff\u4e5f\u6bd4\u8f03\u5927\u3002\"}}, {\"@type\": \"Question\", \"name\": \"\u9019\u6b21\u7f8e\u50b5\u6b96\u5229\u7387\u4e0a\u5347\u548c 2022 \u5e74\u6709\u4ec0\u9ebc\u4e0d\u540c\uff1f\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"2022 \u5e74 5 \u6708\u6642\uff0c10 \u5e74\u671f\u6b96\u5229\u7387\u7d04 3%\uff0c\u901a\u81a8\u9810\u671f\u6b63\u5728\u4e0a\u79fb\uff0c\u806f\u6e96\u6703\u7576\u5e74\u5171\u5347\u606f 4.25 \u500b\u767e\u5206\u9ede\u30022026 \u5e74 10 \u6708\u7684 10 \u5e74\u671f\u6b96\u5229\u7387\u5728 5% \u4ee5\u4e0a\uff0c\u640d\u76ca\u5169\u5e73\u901a\u81a8\u7387\u7dad\u6301\u5728 2.35% \u5de6\u53f3\u3002\u8d77\u59cb\u689d\u4ef6\u4e0d\u540c\uff0c\u4f46\u901a\u81a8\u9810\u671f\u82e5\u958b\u59cb\u9b06\u52d5\uff0c\u60c5\u6cc1\u5c31\u53ef\u80fd\u6539\u8b8a\u3002\"}}]}<\/script>\n\n<style>\n\/* --- \u9810\u8a2d\uff1a\u624b\u6a5f\u7248\u5c3a\u5bf8 (\u5c0f\u87a2\u5e55) --- *\/<br \/>\n.rwd-heading {<br \/>\n    font-size: 32px !important;<br \/>\n    margin-bottom: 24px !important;<br \/>\n}<br \/>\n.rwd-btn-wrapper {<br \/>\n    \/* \u624b\u6a5f\u7248\u6a19\u984c\uff1a32px * 10\u5b57 = 320px *\/<br \/>\n    width: 320px !important;<br \/>\n    max-width: 100% !important;<br \/>\n}<br \/>\n.rwd-btn-link {<br \/>\n    font-size: 16px !important;<br \/>\n    padding: 12px 16px !important;<br \/>\n}<\/p>\n<p>\/* --- \u5e73\u677f\u7248\u5c3a\u5bf8 (\u87a2\u5e55\u5bec\u5ea6\u5927\u65bc 768px) --- *\/<br \/>\n@media (min-width: 768px) {<br \/>\n    .rwd-heading {<br \/>\n        font-size: 48px !important;<br \/>\n        margin-bottom: 32px !important;<br \/>\n    }<br \/>\n    .rwd-btn-wrapper {<br \/>\n        \/* \u5e73\u677f\u7248\u6a19\u984c\uff1a48px * 10\u5b57 = 480px *\/<br \/>\n        width: 480px !important;<br \/>\n    }<br \/>\n    .rwd-btn-link {<br \/>\n        font-size: 18px !important;<br \/>\n        padding: 14px 20px !important;<br \/>\n    }<br \/>\n}<\/p>\n<p>\/* --- \u96fb\u8166\u7248\u5c3a\u5bf8 (\u87a2\u5e55\u5bec\u5ea6\u5927\u65bc 1024px) --- *\/<br \/>\n@media (min-width: 1024px) {<br \/>\n    .rwd-heading {<br \/>\n        font-size: 48px !important;<br \/>\n        margin-bottom: 40px !important;<br \/>\n    }<br \/>\n    .rwd-btn-wrapper {<br \/>\n        \/* \u96fb\u8166\u7248\u6a19\u984c\uff1a48px * 10\u5b57 = 480px *\/<br \/>\n        width: 480px !important;<br \/>\n    }<br \/>\n    .rwd-btn-link {<br \/>\n        font-size: 20px !important;<br \/>\n        padding: 15px 20px !important;<br \/>\n    }<br \/>\n}<br \/>\n<\/style>\n<div class=\"wp-block-group alignfull has-text-color has-background\" style=\"color: #000000; background-color: #ffffff; text-align: center; padding: 40px 20px;\">\n<h2 id=\"schedule-a-visit\" class=\"wp-block-heading has-text-align-center rwd-heading\" style=\"line-height: 1.15; font-weight: bold;\">\u555f\u52d5\u6cd5\u4eba\u8cc7\u7522\u7ba1\u7406\u670d\u52d9<\/h2>\n<div class=\"wp-block-buttons\" style=\"display: flex; flex-direction: column; align-items: center; gap: 20px;\">\n<div class=\"wp-block-button rwd-btn-wrapper\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button rwd-btn-link\" style=\"border-radius: 0px; color: #ffffff; background-color: #01235d; text-align: center; display: block; box-sizing: border-box; font-weight: bold;\" href=\"https:\/\/urli.ai\/line\/xJCzccNO\">\u7acb\u5373\u524d\u5f80\uff0c\u770b\u6210\u529f\u4f01\u696d\u90fd\u600e\u9ebc\u505a<\/a><\/div>\n<div class=\"wp-block-button rwd-btn-wrapper\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button rwd-btn-link\" style=\"border-radius: 0px; color: #ffffff; background-color: #c9a961; text-align: center; display: block; box-sizing: border-box; font-weight: bold;\" href=\"https:\/\/urli.ai\/4aab5rKl\">\u7d22\u53d6\u4f01\u696d\u7559\u624d\u767d\u76ae\u66f8<\/a><\/div>\n<\/div>\n<\/div>\n\n<h2 class=\"wp-block-heading\">\u53c3\u8003\u6587\u737b<\/h2>\n\n<ul class=\"wp-block-list\">\n<li>\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\uff082026\uff09\u3002\u6b96\u5229\u7387\u6025\u5347\u8a0a\u865f\u5f8c\u5404\u8cc7\u7522\u5831\u916c\u3001\u7968\u606f\u7de9\u885d\u8a66\u7b97\u8207\u8d77\u59cb\u6b96\u5229\u7387\u89e3\u91cb\u529b\u3014\u672a\u51fa\u7248\u4e4b\u8a08\u7b97\u3015\u3002\u963f\u723e\u767c\u8b49\u5238\u6295\u8cc7\u9867\u554f\u80a1\u4efd\u6709\u9650\u516c\u53f8\u3002<\/li>\n<li>Bank of Japan. (2026, September 18). <em>Statement on monetary policy<\/em>. https:\/\/www.boj.or.jp\/en\/mopo\/mpmdeci\/index.htm<\/li>\n<li>Board of Governors of the Federal Reserve System. (2026a, September 16). <em>Federal Reserve issues FOMC statement<\/em> [Press release]. https:\/\/www.federalreserve.gov\/newsevents\/pressreleases.htm<\/li>\n<li>Board of Governors of the Federal Reserve System. (2026b, October 7). <em>Meeting calendars and information<\/em>. https:\/\/www.federalreserve.gov\/monetarypolicy\/fomccalendars.htm<\/li>\n<li>Federal Reserve Bank of St. Louis. (2026). <em>10-year breakeven inflation rate (T10YIE); ICE BofA US high yield index option-adjusted spread (BAMLH0A0HYM2)<\/em> [Data set]. FRED. Retrieved October 15, 2026, from https:\/\/fred.stlouisfed.org\/series\/T10YIE<\/li>\n<li>Institute for Supply Management. (2026a, October 1). <em>Manufacturing PMI at 54.5%; September 2026 ISM Manufacturing PMI report<\/em>. https:\/\/www.ismworld.org\/supply-management-news-and-reports\/reports\/ism-pmi-reports\/pmi\/september\/<\/li>\n<li>Institute for Supply Management. (2026b, October 5). <em>Services PMI at 54.9%; September 2026 ISM Services PMI report<\/em> [Press release]. PR Newswire. https:\/\/www.prnewswire.com\/news-releases\/services-pmi-at-54-9-september-2026-ism-services-pmi-report-302898421.html<\/li>\n<li>Nation Thailand. (2026, October 14). <em>Brent rises 0.35% on October 14 after Saudi Aramco attack<\/em>. https:\/\/nationthailand.com\/news\/world\/40072291<\/li>\n<li>U.S. Bureau of Economic Analysis. (2026). <em>Release schedule<\/em>. Retrieved October 15, 2026, from https:\/\/www.bea.gov\/news\/schedule<\/li>\n<li>U.S. Bureau of Labor Statistics. (2026a, October 2). <em>The employment situation: September 2026<\/em>. https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm<\/li>\n<li>U.S. Bureau of Labor Statistics. (2026b, October 14). <em>Consumer price index: September 2026<\/em> (USDL-26-1574). https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm<\/li>\n<li>U.S. Department of the Treasury. (2026a). <em>Daily Treasury par yield curve rates<\/em> [Data set]. Retrieved October 15, 2026, from https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_yield_curve<\/li>\n<li>U.S. Department of the Treasury. (2026b). <em>Daily Treasury par real yield curve rates<\/em> [Data set]. Retrieved October 15, 2026, from https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_real_yield_curve<\/li>\n<li>U.S. Energy Information Administration. (2026). <em>Europe Brent spot price FOB (RBRTE), daily<\/em> [Data set]. Retrieved October 15, 2026, from https:\/\/www.eia.gov\/dnav\/pet\/hist\/LeafHandler.ashx?n=PET&amp;s=RBRTE&amp;f=D<\/li>\n<li>Yahoo Finance. (2026, October 14). <em>Fed interest rate hike seems more likely this month after alarming inflation data<\/em>. Retrieved October 15, 2026, from https:\/\/finance.yahoo.com\/economy\/policy\/articles\/fed-interest-rate-hike-seems-195052044.html<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\">\u91cd\u8981\u8072\u660e<\/h2>\n\n<p class=\"wp-block-paragraph\">\u672c\u6587\u7531\u963f\u723e\u767c\u8b49\u5238\u6295\u8cc7\u9867\u554f\u80a1\u4efd\u6709\u9650\u516c\u53f8\u7de8\u88fd\uff0c\u50c5\u4f9b\u53c3\u8003\uff0c\u4e0d\u69cb\u6210\u4efb\u4f55\u91d1\u878d\u5546\u54c1\u4e4b\u8981\u7d04\u3001\u62db\u652c\u6216\u63a8\u4ecb\uff0c\u4ea6\u975e\u91dd\u5c0d\u7279\u5b9a\u6295\u8cc7\u4eba\u4e4b\u500b\u5225\u6295\u8cc7\u5efa\u8b70\uff1b\u6295\u8cc7\u4eba\u61c9\u4f9d\u81ea\u8eab\u8ca1\u52d9\u72c0\u6cc1\u3001\u6295\u8cc7\u76ee\u6a19\u8207\u98a8\u96aa\u627f\u53d7\u5ea6\u5be9\u614e\u8a55\u4f30\uff0c\u4e26\u81ea\u884c\u627f\u64d4\u6295\u8cc7\u98a8\u96aa\u3002\u6587\u4e2d\u6b77\u53f2\u7d71\u8a08\u8207\u6a21\u64ec\u7d44\u5408\u5831\u916c\u4fc2\u4ee5\u6b77\u53f2\u6307\u6578\u8207\u6b96\u5229\u7387\u5408\u6210\u5e8f\u5217\u8a08\u7b97\uff0c\u672a\u6263\u9664\u8cbb\u7528\u8207\u7a05\u8ca0\uff0c\u4e0d\u4ee3\u8868\u4efb\u4f55\u5be6\u969b\u5e33\u6236\u7e3e\u6548\uff1b\u60c5\u5883\u8a66\u7b97\u70ba\u5047\u8a2d\u689d\u4ef6\u4e0b\u4e4b\u7d50\u679c\uff0c\u975e\u5c0d\u672a\u4f86\u4e4b\u9810\u6e2c\u6216\u4fdd\u8b49\u3002\u904e\u53bb\u7e3e\u6548\u4e0d\u4ee3\u8868\u672a\u4f86\u8868\u73fe\u3002\u50b5\u5238\u6295\u8cc7\u6d89\u53ca\u5229\u7387\u3001\u4fe1\u7528\u3001\u6d41\u52d5\u6027\u8207\u532f\u7387\u98a8\u96aa\u3002\u963f\u723e\u767c\u8b49\u5238\u6295\u8cc7\u9867\u554f\u80a1\u4efd\u6709\u9650\u516c\u53f8\u3000115\u91d1\u7ba1\u6295\u9867\u65b0\u5b57\u7b2c019\u865f<\/p>","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u50b5\u6b96\u5229\u7387\u5275 24 \u5e74\u65b0\u9ad8\uff0c\u5c0d\u50b5\u5238\u4ee3\u8868\u50f9\u683c\u5148\u8dcc\u3001\u4e4b\u5f8c\u7684\u7968\u606f\u8b8a\u539a\uff1a10 \u5e74\u671f 2026\/10\/14 \u70ba 5.19%\uff0c\u8981\u518d\u5347\u7d04 0.76 \u500b\u767e\u5206\u9ede\uff0c\u6301\u6709\u4e00\u5e74\u624d\u6703\u8667\u30021970 \u5e74\u4ee5\u4f86 14 \u6b21\u6025\u5347\u5f8c\uff0c\u7d9c\u5408\u50b5\u4e00\u5e74\u6709 12 \u6b21\u6b63\u5831\u916c\u3002<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"\u7f8e\u50b510\u5e74\u671f\u6b96\u5229\u7387\u5347\u52305.19%\u30021970\u5e74\u4ee5\u4f8614\u6b21\u6025\u5347\u5f8c\uff0c\u7d9c\u5408\u50b5\u4e00\u5e74\u670912\u6b21\u6b63\u5831\u916c\u3002","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6],"tags":[625,103,134,627,628,569,626],"class_list":["post-16726","post","type-post","status-publish","format-standard","hentry","category-market-update","tag-625","tag-103","tag-134","tag-627","tag-628","tag-569","tag-626"],"blocksy_meta":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/16726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16726"}],"version-history":[{"count":9,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/16726\/revisions"}],"predecessor-version":[{"id":16906,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/16726\/revisions\/16906"}],"wp:attachment":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}