{"id":4764,"date":"2025-10-07T18:55:16","date_gmt":"2025-10-07T10:55:16","guid":{"rendered":"https:\/\/www.dm-yq.com\/?p=4764"},"modified":"2025-10-07T18:55:16","modified_gmt":"2025-10-07T10:55:16","slug":"%e6%af%94%e7%89%b9%e5%b8%81q1-%e7%8b%82%e9%a3%9972%ef%bc%8c%e4%b8%a4%e5%b9%b4%e6%9d%a5%e6%9c%80%e5%bc%ba%ef%bc%8c%e8%bf%85%e9%80%9f%e7%aa%81%e7%a0%b4%e5%b8%81%e5%9c%88%e5%af%92%e5%86%ac","status":"publish","type":"post","link":"https:\/\/www.dm-yq.com\/?p=4764","title":{"rendered":"\u6bd4\u7279\u5e01Q1 \u72c2\u98d972%\uff0c\u4e24\u5e74\u6765\u6700\u5f3a\uff0c\u8fc5\u901f\u7a81\u7834\u5e01\u5708\u5bd2\u51ac"},"content":{"rendered":"

\n\t\"\"
\n\t\u6bd4\u7279\u5e01\u7684\u8868\u73b0\u8ba9\u4eba\u4eec\u5927\u611f\u60ca\u8bb6\uff0c\u5b83\u4ee5\u6781\u5feb\u7684\u901f\u5ea6\u8131\u79bb\u4e86\u300c\u5e01\u5708\u5bd2\u51ac\u300d\uff0c\u5e76\u5728\u7b2c\u4e00\u5b63\u4e0a\u6da8\u4e8672%\uff0c\u521b\u4e0b\u4e24\u5e74\u6765\u6700\u4f73\u7eaa\u5f55\uff0c\u540c\u65f6\u4e5f\u663e\u793a\u4e86\u5176\u5728\u5176\u4ed6\u8d44\u4ea7\u7c7b\u522b\u4e2d\u7684\u5353\u8d8a\u5730\u4f4d\u3002\u8fd9\u6b21\u4e0a\u6da8\u4e5f\u8ba9MicroStrategy\u516c\u53f8\u731b\u70c8\u53cd\u5f39\uff0c\u517640\u4ebf\u7f8e\u5143\u7684\u6295\u8d44\u4ef7\u503c\u63a5\u8fd1\u7531\u4e8f\u8f6c\u76c8\u7684\u6c34\u51c6\u3002<\/p>\n

\n\t\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u6bd4\u7279\u5e01\u4eca\u5e74\u7684\u6295\u62a5\u7387\u8fdc\u9ad8\u4e8e\u4e0a\u6da87%\u7684\u6807\u51c6\u666e\u5c14500\u6307\u6570\u3001\u4e0a\u6da820.5%\u7684\u90a3\u65af\u8fbe\u514b100\u6307\u6570\uff0c\u4ee5\u53ca\u4e0a\u6da86.8%\u7684iShares 20\u5e74\u671f\u4ee5\u4e0a\u7f8e\u56fd\u516c\u503aETF (TLT-US)\u3002\u8fd9\u8868\u660e\u6bd4\u7279\u5e01\u57282023\u5e74\u521d\u7684\u8868\u73b0\u975e\u5e38\u5f3a\u52b2\uff0c\u4e5f\u8bc1\u660e\u4e86\u5176\u4f5c\u4e3a\u4e00\u79cd\u6295\u8d44\u5de5\u5177\u7684\u6f5c\u529b\u4e0e\u4ef7\u503c\u3002<\/p>\n

\n\t\u4ec0\u4e48\u662f\u6bd4\u7279\u5e01<\/h2>\n

\n\t\u6bd4\u7279\u5e01\u662f\u4e00\u79cd\u9769\u547d\u6027\u7684\u865a\u62df\u8d27\u5e01\uff0c\u5176\u53bb\u4e2d\u5fc3\u5316\u7684\u7279\u70b9\u8ba9\u5176\u72ec\u7acb\u4e8e\u4efb\u4f55\u56fd\u5bb6\u6216\u516c\u53f8\u7684\u63a7\u5236\u4e4b\u5916\u3002\u5b83\u662f\u901a\u8fc7\u4e00\u79cd\u79f0\u4e3a\u533a\u5757\u94fe\u7684\u6280\u672f\u6765\u8fdb\u884c\u8d44\u91d1\u4ea4\u6613\uff0c\u8fd9\u79cd\u6280\u672f\u786e\u4fdd\u4e86\u4ea4\u6613\u7684\u5b89\u5168\u6027\u548c\u533f\u540d\u6027\u3002\u6bd4\u7279\u5e01\u7684\u5e02\u503c\u5df2\u7ecf\u8d85\u8fc7\u8bb8\u591a\u56fd\u5bb6\u7684\u6cd5\u5b9a\u8d27\u5e01\uff0c\u8fd9\u8868\u660e\u4e86\u4eba\u4eec\u5bf9\u5176\u4fe1\u4efb\u548c\u9700\u6c42\u7684\u7a0b\u5ea6\u3002<\/p>\n

\n\t\u8981\u7406\u89e3\u6bd4\u7279\u5e01\uff0c\u6211\u4eec\u9700\u8981\u5148\u4e86\u89e3\u5b83\u7684\u57fa\u7840\u6280\u672f——\u533a\u5757\u94fe\u3002\u533a\u5757\u94fe\u662f\u4e00\u79cd\u5206\u6563\u5f0f\u6570\u636e\u5e93\uff0c\u5b83\u4ee5\u533a\u5757\u7684\u5f62\u5f0f\u50a8\u5b58\u4ea4\u6613\u8bb0\u5f55\u3002\u8fd9\u4e9b\u533a\u5757\u7684\u5185\u5bb9\u662f\u52a0\u5bc6\u7684\uff0c\u5e76\u4e14\u5728\u6574\u4e2a\u7f51\u7edc\u4e2d\u90fd\u6709\u4e00\u4e2a\u526f\u672c\u3002\u56e0\u6b64\uff0c\u533a\u5757\u94fe\u786e\u4fdd\u4e86\u4ea4\u6613\u8bb0\u5f55\u7684\u900f\u660e\u6027\u548c\u4e0d\u53ef\u9006\u6027\u3002\u8fd9\u79cd\u6280\u672f\u7684\u5b89\u5168\u6027\u548c\u900f\u660e\u6027\u4e5f\u662f\u6bd4\u7279\u5e01\u53d7\u5230\u6b22\u8fce\u7684\u539f\u56e0\u4e4b\u4e00\u3002<\/p>\n

\n\t\u6bd4\u7279\u5e01\u7684\u53e6\u4e00\u4e2a\u7279\u70b9\u662f\u53bb\u4e2d\u5fc3\u5316\u3002\u8fd9\u610f\u5473\u7740\u6bd4\u7279\u5e01\u4e0d\u53d7\u4efb\u4f55\u4e2d\u592e\u673a\u6784\u7684\u63a7\u5236\uff0c\u4f8b\u5982\u94f6\u884c\u6216\u653f\u5e9c\u3002\u56e0\u6b64\uff0c\u6bd4\u7279\u5e01\u7684\u4ef7\u503c\u53ea\u7531\u4f9b\u9700\u5173\u7cfb\u51b3\u5b9a\uff0c\u800c\u4e0d\u53d7\u5176\u4ed6\u56e0\u7d20\u7684\u5e72\u6270\u3002\u6b64\u5916\uff0c\u6bd4\u7279\u5e01\u7684\u6301\u6709\u8005\u53ef\u4ee5\u900f\u8fc7\u79c1\u94a5\u63a7\u5236\u5176\u8d44\u4ea7\uff0c\u4fdd\u969c\u4e86\u9690\u79c1\u548c\u5b89\u5168\u6027\u3002<\/p>\n

\n\t\u6bd4\u7279\u5e01\u5177\u6709\u591a\u79cd\u7528\u9014\uff0c\u5305\u62ec\u8d2d\u4e70\u5546\u54c1\u548c\u670d\u52a1\u3001\u8f6c\u79fb\u8d44\u91d1\uff0c\u751a\u81f3\u6295\u8d44\u548c\u8d4c\u535a\u3002\u968f\u7740\u6bd4\u7279\u5e01\u7684\u666e\u53ca\uff0c\u8d8a\u6765\u8d8a\u591a\u7684\u4ea7\u54c1\u548c\u670d\u52a1\u4e5f\u5f00\u59cb\u63a5\u53d7\u6bd4\u7279\u5e01\u4ed8\u6b3e\u3002<\/p>\n

\n\t\u622a\u81f34\u67084\u65e5\uff0c\u591a\u9879\u8d44\u4ea7\u4eca\u5e74\u5ea6\u8868\u73b0\u63ed\u6653<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\u8d44\u4ea7\u9879\u76ee<\/th>\n\n\t\t\t\t\u6da8\u8dcc\u5e45<\/th>\n<\/tr>\n
\n\t\t\t\tNvidia<\/td>\n\n\t\t\t\t+90%<\/td>\n<\/tr>\n
\n\t\t\t\t\u6bd4\u7279\u5e01<\/td>\n\n\t\t\t\t+72%<\/td>\n<\/tr>\n
\n\t\t\t\t\u7c97\u7cd6\u671f\u8d27<\/td>\n\n\t\t\t\t+23%<\/td>\n<\/tr>\n
\n\t\t\t\t\u90a3\u65af\u8fbe\u514b100 \u6307\u6570<\/td>\n\n\t\t\t\t+20.5%<\/td>\n<\/tr>\n
\n\t\t\t\tSTOXX Europe 600 Price Index EUR<\/td>\n\n\t\t\t\t+9%<\/td>\n<\/tr>\n
\n\t\t\t\t\u9ec4\u91d1\u671f\u8d27<\/td>\n\n\t\t\t\t+8.1%<\/td>\n<\/tr>\n
\n\t\t\t\tiShares 20+ Year Treasury Bond ETF<\/td>\n\n\t\t\t\t+6.8%<\/td>\n<\/tr>\n
\n\t\t\t\tiShares Core US Aggregate Bond ETF<\/td>\n\n\t\t\t\t+2.2%<\/td>\n<\/tr>\n
\n\t\t\t\t\u897f\u5fb7\u5dde\u539f\u6cb9\u671f\u8d27<\/td>\n\n\t\t\t\t-5.9%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\t\u6bd4\u7279\u5e01\uff0c\u8fd9\u4e2a\u88ab\u8a89\u4e3a“\u6570\u5b57\u9ec4\u91d1”\u7684\u52a0\u5bc6\u8d27\u5e01\uff0c\u4e00\u76f4\u5728\u5438\u5f15\u773c\u7403\u3002\u4f5c\u4e3a\u4e00\u9879\u76f8\u5bf9\u65b0\u578b\u7684\u6295\u8d44\u8d44\u4ea7\uff0c\u5b83\u5145\u6ee1\u7740\u4f17\u591a\u7684\u4e0d\u786e\u5b9a\u6027\uff0c\u6ce2\u52a8\u6027\u4e5f\u4e00\u76f4\u662f\u5176\u6700\u5927\u7684\u6311\u6218\u3002\u957f\u671f\u6295\u8d44\u4eba\u5bf9\u6b64\u53d1\u51fa\u4e86\u8b66\u544a\uff0c\u4ed6\u4eec\u6307\u51fa\uff0c\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u5c06\u4f1a\u7ee7\u7eed\u5267\u70c8\u6ce2\u52a8\uff0c\u8fd9\u4e5f\u6b63\u662f\u5b83\u7684\u6700\u5927\u9b45\u529b\u6240\u5728\u3002<\/p>\n

\n\t\u6bd4\u7279\u5e01\u7684\u5386\u7a0b\u662f\u4e00\u6bb5\u5145\u6ee1\u8d77\u4f0f\u7684\u5386\u53f2\u3002\u5728\u5176\u5174\u8d77\u521d\u671f\uff0c\u6bd4\u7279\u5e01\u5bf9\u8bb8\u591a\u4eba\u6765\u8bf4\u90fd\u8fd8\u662f\u4e00\u79cd\u795e\u79d8\u7684\u6295\u8d44\u65b9\u5f0f\u3002\u4f46\u968f\u7740\u5176\u5e02\u573a\u89c4\u6a21\u7684\u6269\u5927\uff0c\u76f8\u5e94\u7684\u4ef7\u683c\u4e5f\u5f00\u59cb\u9010\u6b65\u7a33\u5b9a\u3002\u7136\u800c\uff0c\u8fd9\u53ea\u662f\u6682\u65f6\u7684\uff0c\u56e0\u4e3a\u968f\u4e4b\u800c\u6765\u7684\uff0c\u662f\u4e00\u4e2a\u6ce2\u52a8\u7684\u65f6\u4ee3\u3002\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u5e76\u6ca1\u6709\u5448\u73b0\u51fa\u4e00\u4e2a\u7ebf\u6027\u589e\u957f\u7684\u8d8b\u52bf\uff0c\u76f8\u53cd\uff0c\u5b83\u6ce2\u52a8\u5e45\u5ea6\u5927\u3001\u5468\u671f\u77ed\uff0c\u5fc5\u987b\u65f6\u523b\u4fdd\u6301\u8b66\u60d5\u3002<\/p>\n

\n\t\u957f\u671f\u6295\u8d44\u4eba\u4eec\u5bf9\u6b64\u770b\u5230\u5f97\u975e\u5e38\u6e05\u695a\u3002\u4ed6\u4eec\u61c2\u5f97\uff0c\u6bd4\u7279\u5e01\u867d\u7136\u5145\u6ee1\u4e86\u8bf1\u60d1\uff0c\u4f46\u540c\u6837\u4e5f\u5145\u6ee1\u4e86\u6311\u6218\u3002\u6bd4\u7279\u5e01\u5e02\u573a\u7684\u53d1\u5c55\u5386\u7a0b\u4e2d\uff0c\u6709\u592a\u591a\u56e0\u7d20\u80fd\u591f\u4fc3\u4f7f\u4ef7\u683c\u53d8\u52a8\u3002\u4f8b\u5982\uff0c\u653f\u7b56\u7ba1\u63a7\u548c\u65b0\u6cd5\u89c4\u7684\u5b9e\u65bd\u3001\u4e3b\u6d41\u5a92\u4f53\u62a5\u5bfc\u7684\u5f71\u54cd\u3001\u5e02\u573a\u4ea4\u6613\u5546\u7684\u60c5\u7eea\u3001\u6280\u672f\u521b\u65b0\u7b49\u7b49\uff0c\u90fd\u4f1a\u5728\u77ed\u65f6\u95f4\u5185\u5bf9\u6bd4\u7279\u5e01\u7684\u4ef7\u683c\u4ea7\u751f\u91cd\u5927\u7684\u5f71\u54cd\u3002<\/p>\n

\n\t\u5728\u8fd9\u6837\u7684\u80cc\u666f\u4e0b\uff0c\u6bd4\u7279\u5e01\u7684\u6295\u8d44\u98ce\u9669\u4e0d\u53ef\u907f\u514d\u3002\u4f46\u6b63\u662f\u8fd9\u4e2a\u6311\u6218\uff0c\u4e5f\u8ba9\u8bb8\u591a\u6295\u8d44\u8005\u611f\u5230\u5174\u594b\u3002<\/p>\n

\n\tMicroStrategy\u6bd4\u7279\u5e01\u6295\u8d44\u6210\u529f\u83b7\u5229<\/h2>\n

\n\t\u4f01\u4e1a\u8f6f\u4f53\u516c\u53f8MicroStrategy\uff08MSTR\uff09\u7684\u5171\u540c\u521b\u529e\u4ebaMichael Saylor \u66f4\u662f\u6210\u4e3a\u4e86\u77e5\u540d\u7684\u6bd4\u7279\u5e01\u6295\u8d44\u4eba\u3002\u4ece2020\u5e748\u6708\u5f00\u59cb\uff0cSaylor\u5f00\u59cb\u516c\u5f00\u6301\u6709\u6bd4\u7279\u5e01\uff0c\u8ba4\u4e3a\u6bd4\u7279\u5e01\u6bd4\u77ed\u671f\u7f8e\u503a\u7b49\u4f20\u7edf\u5de5\u5177\u66f4\u9002\u5408\u5b58\u653e\u73b0\u91d1\u3002<\/p>\n

\n\t\u867d\u7136\u6bd4\u7279\u5e01\u7684\u4ef7\u503c\u5e38\u5e38\u51fa\u73b0\u5927\u8d77\u5927\u843d\uff0c\u4ee4MicroStrategy\u7684\u5e10\u9762\u6295\u8d44\u4ef7\u503c\u65f6\u6709\u8d77\u4f0f\uff0c\u4f46\u662f\u5728\u6700\u597d\u7684\u65f6\u5019\uff0cMicroStrategy\u66fe\u7ecf\u83b7\u522931\u4ebf\u7f8e\u5143\uff0c\u4e5f\u66fe\u7ecf\u987b\u8ba4\u5217\u8d85\u8fc721\u4ebf\u7f8e\u5143\u7684\u4e8f\u635f\u3002\u5176\u6bd4\u7279\u5e01\u6295\u8d44\u90e8\u4f4d\uff0c\u5728\u8fc7\u53bb\u4e09\u4e2a\u5b63\u5ea6\u4e2d\u66f4\u662f\u8fde\u7ef5\u4e0d\u65ad\u5730\u906d\u53d7\u4e8f\u635f\u7684\u95ee\u9898\u3002\u7136\u800c\uff0c\u4eca\u5e74\u7b2c\u4e00\u5b63\u7ed3\u7b97\u53ef\u80fd\u65e0\u987b\u51cf\u8bb0\u6216\u8ba4\u5217\uff0c\u662f10\u5b63\u4ee5\u6765\u9996\u6b21\u7a33\u5b9a\u3002\u7531\u6b64\u53ef\u89c1\uff0c\u957f\u671f\u6301\u6709\u6bd4\u7279\u5e01\u6240\u5e26\u6765\u7684\u98ce\u9669\u548c\u673a\u4f1a\u5171\u5b58\uff0c\u9700\u8981\u6295\u8d44\u4eba\u5ba1\u614e\u8bc4\u4f30\u3002<\/p>\n

\n\t\u6700\u8fd1\uff0cMicroStrategy\u53c8\u57282021\u5e744\u67085\u65e5\u5ba3\u5e03\u4e70\u8fdb\u8d85\u8fc71.5\u4ebf\u7f8e\u5143\u7684\u6bd4\u7279\u5e01\u3002\u8be5\u516c\u53f8\u5c06\u900f\u8fc7\u51fa\u552e\u80a1\u7968\uff0c\u652f\u4ed8\u4e3a\u4e86\u652f\u5e94\u6bd4\u7279\u5e01\u8d37\u6b3e2.05\u4ebf\u7f8e\u5143\u7684\u5176\u4f59\u6b3e\u9879\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u57282021\u5e742\u670816\u65e5\u52303\u670823\u65e5\u7684\u65f6\u95f4\u5185\uff0cMicroStrategy\u5171\u4e70\u8fdb6455 \u679a\u6bd4\u7279\u5e01\uff0c\u662f\u81ea\u53bb\u5e744\u6708\u4ee5\u6765\u6700\u5927\u89c4\u6a21\u7684\u4e70\u5165\u3002\u8fd9\u4e00\u4e3e\u63aa\u5f15\u8d77\u4e86\u5168\u7403\u5e02\u573a\u7684\u5173\u6ce8\uff0c\u4e5f\u88ab\u89c6\u4e3a\u4e00\u79cd\u9ad8\u5ea6\u98ce\u9669\u7684\u6295\u8d44\u884c\u4e3a\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u6bd4\u7279\u5e01\u7684\u8868\u73b0\u8ba9\u4eba\u4eec\u5927\u611f\u60ca\u8bb6\uff0c\u5b83\u4ee5\u6781\u5feb\u7684\u901f\u5ea6\u8131\u79bb\u4e86\u300c\u5e01\u5708\u5bd2\u51ac\u300d\uff0c\u5e76\u5728\u7b2c\u4e00\u5b63\u4e0a\u6da8\u4e8672%\uff0c\u521b\u4e0b\u4e24\u5e74\u6765\u6700\u4f73\u7eaa\u5f55\uff0c\u540c\u65f6…<\/p>\n","protected":false},"author":1,"featured_media":5985,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-4764","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/4764","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4764"}],"version-history":[{"count":1,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/4764\/revisions"}],"predecessor-version":[{"id":8368,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/posts\/4764\/revisions\/8368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=\/wp\/v2\/media\/5985"}],"wp:attachment":[{"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4764"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4764"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dm-yq.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4764"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}