
10CPI 7.40 7.07.1372022 20111290 Z0017101 1...................................................................................1 1.1.....................................................11.2..........................................4 2..........................................................................................8 1.1.1:202311....................11.1.2:2023111421:30......................11.1.3:2023111716:00......................21.1.4:20231120...........21.1.5:20231121.................31.1.6:202311....................31.2.1:12FOMC5.25%5.5%............................................................................41.2.2:2024.........................51.2.3:.....................................................61.2.4:............................61.2.5:..................................................71.2.6:.....................................................71.2.7:USDCNY25Delta:%...............................72.2.1:........................92.2.1:20237.......................................................92.2.2:10........................132.2.3:20222023........................................142.2.4:2015USDCNH%...................152.2.5:2015USDCNY%...................15 1. 1.1 1. 2023117.307.10202311 14 21:30 11 1716:0011 201121 2. 202311 21 16:307.14117.1338112.51%10411347.2 1.2 1. 10CPICPI12FOMC5112211FOMC12FOMC5.25%5.5%10CPI 2. .1113-11 17 2. 2.1 ++ 7.40 1. 82.2.17.3020011211122 2. 10 2.22022 7.07.1372022 1. 105103100100 2. 1089111520231-101-109.599.3%9.724.9%9102022 3. 20151 / 136310008400 8888 910www.nanhua.net603093