{"id":10978,"date":"2025-12-15T10:51:49","date_gmt":"2025-12-15T02:51:49","guid":{"rendered":"https:\/\/www.invbus.com\/blog\/?p=10978"},"modified":"2025-12-15T10:51:49","modified_gmt":"2025-12-15T02:51:49","slug":"%e5%a4%96%e6%b1%87%e5%a5%97%e6%81%af%e4%ba%a4%e6%98%93%ef%bc%88carry-trade%ef%bc%89","status":"publish","type":"post","link":"https:\/\/www.invbus.com\/blog\/?p=10978","title":{"rendered":"\u5916\u6c47\u201c\u5957\u606f\u4ea4\u6613\u201d\uff08carry trade\uff09"},"content":{"rendered":"\n<p>\u5916\u6c47\u201c\u5957\u606f\u4ea4\u6613\u201d\uff08carry trade\uff09\uff1a\u501f\u5165\u4f4e\u606f\u8d27\u5e01\uff08\u6bd4\u5982\u65e5\u5143\uff09\u3001\u6362\u6210\u9ad8\u606f\u8d27\u5e01\uff08\u6bd4\u5982\u7f8e\u5143\u3001\u6fb3\u5143\u3001\u7ebd\u5143\u7b49\uff09\u53bb\u8d5a\u53d6\u4e24\u8005\u7684\u5229\u5dee\u3002\u4ee5\u65e5\u5143\u4e3a\u4f8b\uff0c\u4e00\u65e6\u65e5\u5143\u4e0d\u518d\u8d85\u4f4e\u606f\u6216\u8005\u7f8e\u5143\uff08\u6216\u5176\u4ed6\u76ee\u6807\u8d27\u5e01\uff09\u5229\u7387\u8d70\u5f31\uff0c\u8fd9\u79cd\u4ea4\u6613\u5c31\u4f1a\u88ab\u6324\u538b\u3001\u5f3a\u5236\u5e73\u4ed3\uff0c\u5bfc\u81f4\u65e5\u5143\u8fc5\u901f\u5347\u503c\u3001\u9ad8\u606f\u8d27\u5e01\u51fa\u73b0\u8d2c\u503c\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u501f\u52a9AI\uff0c\u7b80\u5355\u68b3\u7406\u6574\u4e2a\u903b\u8f91\uff1a<\/p>\n\n\n\n<p><strong>1. \u65e5\u5143\u662f\u201c\u4f4e\u606f\u8d27\u5e01\u201d<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u65e5\u672c\u957f\u671f\u5b9e\u884c\u8d85\u5bbd\u677e\u8d27\u5e01\u653f\u7b56\uff0c\u77ed\u7aef\u5229\u7387\u751a\u81f3\u8d1f\u503c\uff0c\u5341\u51e0\u5e74\u95f4\u540d\u4e49\u5229\u7387\u53ea\u67090\u20130.1%\u9644\u8fd1\u3002<\/li>\n\n\n\n<li>\u501f\u65e5\u5143\u51e0\u4e4e\u4e0d\u4ed8\u5229\u606f\uff0c\u4e14\u65e5\u5143\u672c\u8eab\u6d41\u52a8\u6027\u597d\u3001\u8d44\u91d1\u9762\u5bbd\u88d5\uff0c\u975e\u5e38\u9002\u5408\u7528\u6765\u201c\u505a\u8d44\u91d1\u65b9\u201d\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>2. \u5957\u606f\u4ea4\u6613\u7684\u57fa\u672c\u601d\u8def<\/strong><\/h3>\n\n\n\n<p><strong>1\uff09\u878d\u8d44\uff08borrow\uff09<\/strong>\uff1a\u5728\u5916\u6c47\u5e02\u573a\u4e0a\u501f\u5165\/\u5356\u7a7a\u65e5\u5143\uff08\u501f\u94b1\u76f8\u5f53\u4e8e\u201c\u5356\u65e5\u5143\u201d\uff09\uff0c\u56e0\u4e3a\u65e5\u5143\u5229\u7387\u6781\u4f4e\u3002<\/p>\n\n\n\n<p>2\uff09\u4e70\u5165\uff08buy\uff09\uff1a\u5c06\u65e5\u5143\u5151\u6362\u6210\u9ad8\u606f\u8d27\u5e01\uff08\u6bd4\u5982\u7f8e\u5143\u3001\u6fb3\u5143\u3001\u7ebd\u5143\u3001\u5357\u975e\u5170\u7279\u7b49\uff09\uff0c\u7136\u540e\u4e70\u5165\u5bf9\u5e94\u7684\u77ed\u671f\u503a\u5238\u6216\u5b58\u94f6\u884c\u8d5a\u53d6\u8f83\u9ad8\u7684\u5229\u5dee\u3002<\/p>\n\n\n\n<p>3\uff09\u62ff\u5229\u5dee\uff08carry\uff09\uff1a\u8d5a\u53d6\u201c\u957f\u7aef\u5229\u606f\uff08\u9ad8\u606f\u8d27\u5e01\u5229\u7387\uff09\u2013 \u77ed\u7aef\u5229\u606f\uff08\u65e5\u5143\u5229\u7387\uff09\u201d\u4e4b\u95f4\u7684\u5dee\u4ef7\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>3. \u4f55\u65f6\u4f1a\u201c\u89e3\u5957\u201d\uff08unwind\uff09<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5229\u5dee\u7f29\u5c0f<\/strong>\uff1a\u5982\u679c\u7f8e\u56fd\/\u65b0\u5174\u5e02\u573a\u5229\u7387\u4e0b\u884c\uff0c\u800c\u65e5\u672c\u5f00\u59cb\u91ca\u653e\u201c\u52a0\u606f\u4fe1\u53f7\u201d\uff08\u6bd4\u5982\u592e\u884c\u5b98\u5458\u629b\u51fa\u201c\u8981\u8003\u8651\u7f29\u8868\/\u52a0\u606f\u201d\u7684\u8a00\u8bba\uff09\uff0c\u90a3\u4e48\u5229\u5dee\u5c31\u4f1a\u53d8\u7a84\u3002\u5957\u5229\u6536\u76ca\u4e0b\u964d\uff0c\u5957\u606f\u4ea4\u6613\u7684\u5438\u5f15\u529b\u5c31\u6ca1\u4e86\u3002<\/li>\n\n\n\n<li><strong>\u98ce\u9669\u60c5\u7eea\u8f6c\u53d8<\/strong>\uff1a\u5f53\u5168\u7403\u98ce\u9669\u504f\u597d\u4e0b\u964d\uff08\u6bd4\u5982\u7a81\u7136\u7206\u53d1\u5730\u7f18\u4e8b\u4ef6\u3001\u80a1\u5e02\u5927\u8dcc\u3001\u4fe1\u8d37\u7d27\u5f20\uff09\uff0c\u8d44\u91d1\u4f1a\u4ece\u98ce\u9669\u8f83\u9ad8\u7684\u9ad8\u606f\u8d27\u5e01\u64a4\u56de\uff0c\u56de\u6d41\u201c\u907f\u9669\u201d\u65e5\u5143\uff0c\u65e5\u5143\u56e0\u4e70\u76d8\u9aa4\u589e\u800c\u5feb\u901f\u5347\u503c\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>4. \u5957\u606f\u4ea4\u6613\u6324\u538b\u7684\u4f20\u5bfc<\/strong><\/h3>\n\n\n\n<p><strong>1\uff09\u5f3a\u5236\u5e73\u4ed3<\/strong>\uff1a\u5957\u5229\u8005\u5982\u679c\u662f\u7528\u6760\u6746\u505a\u4ea4\u6613\uff0c\u4e00\u65e6\u65e5\u5143\u5151\u7f8e\u5143\u5927\u5e45\u5347\u503c\uff0c\u5c31\u4f1a\u51fa\u73b0\u4fdd\u8bc1\u91d1\u4e0d\u8db3\uff0c\u88ab\u8feb\u5e73\u6389\u65e5\u5143\u7a7a\u5934\u5934\u5bf8\uff08\u4e70\u56de\u65e5\u5143\uff09\uff0c\u8fdb\u4e00\u6b65\u63a8\u52a8\u65e5\u5143\u8d70\u5f3a\u3001\u7f8e\u5143\u8d70\u5f31\u3002<\/p>\n\n\n\n<p>2\uff09\u81ea\u6211\u5b9e\u73b0\uff1a\u53ea\u8981\u5927\u89c4\u6a21\u5957\u5229\u8d44\u91d1\u5f00\u59cb\u56de\u6d41\uff08\u65e5\u5143\u4e70\u76d8\uff09\uff0c\u5e02\u573a\u4e0a\u5bf9\u65e5\u5143\u7684\u9700\u6c42\u731b\u589e\uff0c\u65e5\u5143\u5c31\u4f1a\u6025\u901f\u5347\u503c\uff0c\u5957\u5229\u8005\u4e3a\u4e86\u6b62\u635f\uff0c\u53c8\u52a0\u901f\u5e73\u4ed3\uff0c\u5f62\u6210\u201c\u77ed\u671f\u6324\u538b\u201d\uff08\u77ed\u65f6\u5185\u6ce2\u52a8\u66f4\u5267\u70c8\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/mmbiz.qpic.cn\/mmbiz_png\/FRic8yr5WAS07QugrcH0zWibibgqoDw72Qc2faTpB7nvJ7Y9x2fCBdL0gvfWa6RdUK7bicrAUWjmk7qX6fqtubUL2A\/640?wx_fmt=png&amp;from=appmsg&amp;watermark=1&amp;tp=webp&amp;wxfrom=5&amp;wx_lazy=1#imgIndex=0'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/FRic8yr5WAS07QugrcH0zWibibgqoDw72Qc2faTpB7nvJ7Y9x2fCBdL0gvfWa6RdUK7bicrAUWjmk7qX6fqtubUL2A\/640?wx_fmt=png&amp;from=appmsg&amp;watermark=1&amp;tp=webp&amp;wxfrom=5&amp;wx_lazy=1#imgIndex=0\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\u56fe\u7247\"\/><\/div><\/figure>\n\n\n\n<p>2024\u5e74\u4e09\u5b63\u5ea6\uff0c2025\u5e74\u4e00\u5b63\u5ea6\u7f8e\u5143\u5151\u65e5\u5143\u8d2c\u503c<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/mmbiz.qpic.cn\/mmbiz_png\/FRic8yr5WAS07QugrcH0zWibibgqoDw72Qc5ydurpp2mgy2zqB6TA4Yia03eRibWuBYC3U7T7ajniaw8m4ribNfyK98vw\/640?wx_fmt=png&amp;from=appmsg&amp;watermark=1&amp;tp=webp&amp;wxfrom=5&amp;wx_lazy=1#imgIndex=1'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/FRic8yr5WAS07QugrcH0zWibibgqoDw72Qc5ydurpp2mgy2zqB6TA4Yia03eRibWuBYC3U7T7ajniaw8m4ribNfyK98vw\/640?wx_fmt=png&amp;from=appmsg&amp;watermark=1&amp;tp=webp&amp;wxfrom=5&amp;wx_lazy=1#imgIndex=1\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\u56fe\u7247\"\/><\/div><\/figure>\n\n\n\n<p>\u6765\u6e90\uff1a\u540c\u82b1\u987a<\/p>\n\n\n\n<p><strong>\u5c0f\u7ed3<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u5957\u606f\u4ea4\u6613<\/strong>\u672c\u8d28\uff1a\u501f\u5165\u4f4e\u606f\u8d27\u5e01\u2192\u4e70\u5165\u9ad8\u606f\u8d27\u5e01\u2192\u8d5a\u53d6\u5229\u5dee\u3002<\/li>\n\n\n\n<li><strong>\u89e3\u5957\/\u6324\u538b<\/strong>\u00a0\u89e6\u53d1\uff1a\u5229\u5dee\u7f29\u7a84 + \u98ce\u9669\u538c\u6076 + \u6760\u6746\u4fdd\u8bc1\u91d1\u538b\u529b\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u7406\u89e3\u4e86\u8fd9\u4e00\u903b\u8f91\uff0c\u4e5f\u5c31\u77e5\u9053\u4e3a\u4f55\u5728\u5916\u6c47\u5e02\u573a\u4e0a\uff0c\u201c\u4f4e\u606f\u8d27\u5e01\u201d\u4e00\u65e6\u51fa\u73b0\u5347\u606f\u9884\u671f\u6216\u98ce\u9669\u8f6c\u5411\u4f1a\u5f15\u53d1\u8fde\u9501\u53cd\u5e94\uff0c\u4e0d\u4ec5\u81ea\u8eab\u6c47\u7387\u6ce2\u52a8\u5267\u70c8\uff0c\u8fd8\u4f1a\u8ba9\u76f8\u53cd\u65b9\u5411\u7684\u5927\u91cf\u9ad8\u606f\u5957\u5229\u5934\u5bf8\u614c\u5fd9\u79bb\u573a\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/mmbiz.qpic.cn\/mmbiz_png\/FRic8yr5WAS07QugrcH0zWibibgqoDw72QclMtIO8KOHRRqtKbbTfKibhxCibBt8X1CbcEuf18RH1jDHhz5rd7VgBCQ\/640?wx_fmt=png&amp;from=appmsg&amp;watermark=1&amp;tp=webp&amp;wxfrom=5&amp;wx_lazy=1#imgIndex=2'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/mmbiz.qpic.cn\/mmbiz_png\/FRic8yr5WAS07QugrcH0zWibibgqoDw72QclMtIO8KOHRRqtKbbTfKibhxCibBt8X1CbcEuf18RH1jDHhz5rd7VgBCQ\/640?wx_fmt=png&amp;from=appmsg&amp;watermark=1&amp;tp=webp&amp;wxfrom=5&amp;wx_lazy=1#imgIndex=2\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\u56fe\u7247\"\/><\/div><\/figure>\n\n\n\n<p>\u6765\u6e90\uff1a\u57fa\u4e8e\u674e\u7ee7\u521a\u7684\u201c\u62bd\u8c61\u4e4b\u68af\u201d\u63d0\u793a\u8bcd<\/p>\n\n\n\n<p><a href=\"javascript:void(0);\">\u98ce\u9669\u7ba1\u7406\u5b66\u4e60\u7b14\u8bb0<\/a><em>2025\u5e745\u670824\u65e5 17:25\u5e7f\u4e1c<\/em><br><a href=\"https:\/\/mp.weixin.qq.com\/s\/3_XI5mAxUNUw-gm3uKS3sQ\">https:\/\/mp.weixin.qq.com\/s\/3_XI5mAxUNUw-gm3uKS3sQ<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5916\u6c47\u201c\u5957\u606f\u4ea4\u6613\u201d\uff08carry trade\uff09\uff1a\u501f\u5165\u4f4e\u606f\u8d27\u5e01\uff08\u6bd4\u5982\u65e5\u5143\uff09\u3001\u6362\u6210\u9ad8\u606f\u8d27\u5e01\uff08\u6bd4\u5982\u7f8e\u5143\u3001\u6fb3\u5143\u3001\u7ebd\u5143\u7b49\uff09\u53bb [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10978","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/10978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10978"}],"version-history":[{"count":0,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/10978\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}