{"id":38175,"date":"2026-02-13T00:57:29","date_gmt":"2026-02-13T00:57:29","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%af%b8%ea%b5%ad%ec%9d%98-4%ec%a3%bc%eb%ac%bc-%ec%9e%ac%eb%ac%b4%eb%b6%80-%eb%8b%a8%ea%b8%b0%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0%ec%9d%b4-3-63%eb%a1%9c-%ec%9c%a0\/"},"modified":"2026-02-13T00:57:29","modified_gmt":"2026-02-13T00:57:29","slug":"%eb%af%b8%ea%b5%ad%ec%9d%98-4%ec%a3%bc%eb%ac%bc-%ec%9e%ac%eb%ac%b4%eb%b6%80-%eb%8b%a8%ea%b8%b0%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0%ec%9d%b4-3-63%eb%a1%9c-%ec%9c%a0","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%af%b8%ea%b5%ad%ec%9d%98-4%ec%a3%bc%eb%ac%bc-%ec%9e%ac%eb%ac%b4%eb%b6%80-%eb%8b%a8%ea%b8%b0%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0%ec%9d%b4-3-63%eb%a1%9c-%ec%9c%a0\/","title":{"rendered":"\ubbf8\uad6d\uc758 4\uc8fc\ubb3c \uc7ac\ubb34\ubd80 \ub2e8\uae30\uad6d\ucc44 \uc785\ucc30 \uc218\uc775\ub960\uc774 3.63%\ub85c \uc720\uc9c0\ub418\uba70, \ub2e8\uae30 \ucc28\uc785 \ube44\uc6a9\uc774 \ubcc0\ub3d9 \uc5c6\uc74c\uc744 \ubc18\uc601\ud558\ub2e4"},"content":{"rendered":"\ubbf8\uad6d\uc740 4\uc8fc\ubb3c(\ub9cc\uae30 4\uc8fc) \uad6d\uace0\ucc44 \ub2e8\uae30\ucc44\uad8c(Treasury bill, T-bill)\uc744 \uc785\ucc30(\uc815\ubd80\uac00 \ucc44\uad8c\uc744 \ud314\uc544 \uc790\uae08\uc744 \ube4c\ub9ac\ub294 \ubc29\uc2dd)\ub85c \ubc1c\ud589\ud588\uc73c\uba70, \ub099\ucc30\uc218\uc775\ub960(auction yield, \uc785\ucc30\ub85c \uc815\ud574\uc9c4 \ucd5c\uc885 \uc218\uc775\ub960)\uc740 3.63%\uc600\uc2b5\ub2c8\ub2e4. \uc218\uc775\ub960\uc740 \uc774\uc804 \uc785\ucc30\uacfc \uac19\uc558\uc2b5\ub2c8\ub2e4.\n\n\uc774\ubc88 \uacb0\uacfc\ub294 \ubbf8\uad6d \uc7ac\ubb34\ubd80(US Treasury, \ubbf8\uad6d \uc815\ubd80\uc758 \uc7ac\ubb34 \ub2f4\ub2f9 \uae30\uad00)\uac00 4\uc8fc \ub3d9\uc548 \ub3c8\uc744 \ube4c\ub9b4 \ub54c \ub4dc\ub294 \ub2e8\uae30 \uc870\ub2ec\ube44\uc6a9\uc774 \uc548\uc815\uc801\uc774\ub77c\ub294 \ub73b\uc785\ub2c8\ub2e4. \ubcf4\uace0\uc11c\uc5d0\ub294 \ucd94\uac00 \ub0b4\uc6a9\uc774 \uc5c6\uc5c8\uc2b5\ub2c8\ub2e4.\n\n<h3>\uc5f0\uc900 \uc815\ucc45\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uc608\uc0c1<\/h3>\n4\uc8fc\ubb3c T-bill \uc785\ucc30 \uc218\uc775\ub960\uc774 3.63%\ub85c \uadf8\ub300\ub85c\ub77c\ub294 \uac83\uc740 \uc2dc\uc7a5\uc774 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Federal Reserve, Fed: \ubbf8\uad6d\uc758 \uc911\uc559\uc740\ud589)\uac00 \uace7\ubc14\ub85c \uae08\ub9ac\ub97c \uc6c0\uc9c1\uc77c \uac83\uc73c\ub85c\ub294 \ubcf4\uc9c0 \uc54a\ub294\ub2e4\ub294 \uc2e0\ud638\uc785\ub2c8\ub2e4. \uc774\ub7f0 \uc548\uc815 \ud750\ub984\uc740 2025\ub144\uc5d0 \uc5f0\uc900\uc774 \uae30\uc900\uae08\ub9ac(policy rate, \uc911\uc559\uc740\ud589\uc774 \uc815\ud558\ub294 \ub300\ud45c \uae08\ub9ac)\ub97c \uc5ec\ub7ec \ucc28\ub840 \ub0b4\ub824(\uae08\ub9ac \uc778\ud558) \ub192\uc740 \uc218\uc900\uc5d0\uc11c \ub0ae\ucd98 \ub4a4\uc5d0 \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4. \ud604\uc7ac\ub85c\uc11c\ub294, \uc911\uc559\uc740\ud589\uc774 \ub354 \ud655\uc2e4\ud55c \uacbd\uc81c \uc9c0\ud45c\ub97c \uae30\ub2e4\ub9ac\uba70 \uc7a0\uc2dc \uba48\ucd9c \uac83(\ub3d9\uacb0\u00b7\uc77c\uc2dc \uc911\ub2e8)\uc774\ub780 \uc758\uacac\uc774 \uc6b0\uc138\ud569\ub2c8\ub2e4.\n\n\uc774\ub7f0 \uc2dc\uac01\uc740 2026\ub144 1\uc6d4 \ubb3c\uac00 \uc9c0\ud45c\uc5d0\uc11c\ub3c4 \ub4b7\ubc1b\uce68\ub429\ub2c8\ub2e4. \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(Consumer Price Index, CPI: \uc18c\ube44\uc790\uac00 \uc0ac\ub294 \ub300\ud45c \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \ud3c9\uade0 \ubcc0\ud654)\ub294 2.9%\ub85c \uc27d\uac8c \ub0b4\ub824\uc624\uc9c0 \uc54a\uc558\uace0, \uc774\ub294 \uc5f0\uc900 \ubaa9\ud45c(\ubcf4\ud1b5 2% \uc548\ud30e)\ubcf4\ub2e4 \ub192\uc2b5\ub2c8\ub2e4. \ub610 \uace0\uc6a9\uc2dc\uc7a5\ub3c4 \ud0c4\ud0c4\ud569\ub2c8\ub2e4. \ucd5c\uadfc \ubcf4\uace0\uc11c\uc5d0\uc11c \uc77c\uc790\ub9ac \uc99d\uac00(job growth, \uc0c8\ub85c \ub298\uc5b4\ub09c \uc77c\uc790\ub9ac \uc218)\ub294 19\ub9cc \uba85\uc774\uc5c8\uace0, \uc2e4\uc5c5\ub960(unemployment rate, \uc77c\ud560 \uc0ac\ub78c \uc911 \uc77c\uc790\ub9ac\uac00 \uc5c6\ub294 \uc0ac\ub78c\uc758 \ube44\uc728)\uc740 3.9%\ub85c \uac19\uc558\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \uc218\uce58\ub294 \uacbd\uae30 \ubd80\uc591\uc744 \uc704\ud574 \ucd94\uac00\ub85c \uae08\ub9ac\ub97c \ub354 \ub0b4\ub9ac\uac70\ub098, \ubb3c\uac00\ub97c \uc7a1\uae30 \uc704\ud574 \uae08\ub9ac\ub97c \uc62c\ub9b4(\uc778\uc0c1) \ud544\uc694\uc131\uc744 \ubaa8\ub450 \ud06c\uac8c \ub9cc\ub4e4\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.\n\n\ud30c\uc0dd\uc0c1\ud488(derivatives, \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac12\uc774 \uc6c0\uc9c1\uc774\ub294 \uacc4\uc57d) \uac70\ub798\uc790 \uad00\uc810\uc5d0\uc11c\ub294 \ub2e8\uae30 \uae08\ub9ac \uc2dc\uc7a5\uc758 \ub0b4\uc7ac \ubcc0\ub3d9\uc131(implied volatility, \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc55e\uc73c\ub85c \ud754\ub4e4\ub9b4 \uac83\uc73c\ub85c \ubcf4\ub294 \uc815\ub3c4\u2019)\uc774 \ub0ae\uc544\uc9c8 \uc218 \uc788\ub2e4\ub294 \ub73b\uc785\ub2c8\ub2e4. \uae08\ub9ac\uc120\ubb3c \uc635\uc158(\uae08\ub9ac\uc120\ubb3c\uc5d0 \ub300\ud55c \uc635\uc158) \uc911 3\uac1c\uc6d4 SOFR(3-Month SOFR: \ubbf8\uad6d\uc758 \ub300\ud45c \ub2e8\uae30 \uae08\ub9ac \uc9c0\ud45c\uc778 SOFR\ub97c \uae30\uc900\uc73c\ub85c \ud55c 3\uac1c\uc6d4 \uae08\ub9ac\uc120\ubb3c) \uac19\uc740 \uc0c1\ud488\uc774 \ud070 \uc815\ucc45 \ubcc0\ud654(\uae09\uaca9\ud55c \uae08\ub9ac \ubcc0\ud654)\ub97c \uc9c0\ub098\uce58\uac8c \ubc18\uc601\ud574 \ube44\uc2f8\uac8c \uac70\ub798\ub41c\ub2e4\uba74, \ub2e8\uae30 \uc635\uc158\uc758 \ubcc0\ub3d9\uc131\uc744 \ud30c\ub294 \uc804\ub7b5(\uc9e7\uc740 \ub9cc\uae30\uc758 \uc635\uc158 \ub9e4\ub3c4)\uc774 \ub2f9\ubd84\uac04 \uc720\ud6a8\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc \uc774\ub294 \uac00\uaca9\uc774 \ud06c\uac8c \uc6c0\uc9c1\uc774\uc9c0 \uc54a\uc744 \ub54c \uc720\ub9ac\ud558\uace0, \uc608\uc0c1 \ubc16\uc758 \ubc1c\ud45c\ub85c \uae09\ubcc0\ud558\uba74 \uc190\uc2e4\uc774 \ucee4\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n\ub2e8\uae30 \uad6c\uac04(front end, \ub9cc\uae30\uac00 \uc9e7\uc740 \ucc44\uad8c \uad6c\uac04)\uc758 \uc218\uc775\ub960 \uace1\uc120(yield curve, \ub9cc\uae30\ubcc4 \uae08\ub9ac \uc218\uc900\uc744 \uc774\uc740 \uace1\uc120)\uc774 \uace0\uc815\ub3fc \uc788\ub2e4\uba74, \ub354 \uc911\uc694\ud55c \uac83\uc740 \uc7a5\uae30 \ucabd \ubaa8\uc591 \ubcc0\ud654\uc785\ub2c8\ub2e4. \ucd5c\uadfc\uc758 \uacbd\uae30 \uac15\uc138\uac00 \uc57d\ud574\uc9c4\ub2e4\ub294 \uc2e0\ud638\uac00 \ub098\uc624\uba74, \uc2dc\uc7a5\uc740 \uc5f0\ub9d0 \uc774\ud6c4\uc758 \uae08\ub9ac \uc778\ud558\ub97c \ub354 \ubc18\uc601\ud558\uba74\uc11c \uc218\uc775\ub960 \uace1\uc120\uc774 \uac00\ud314\ub77c\uc9c8(steepen, \uc7a5\uae30\uae08\ub9ac\uac00 \ub2e8\uae30\uae08\ub9ac\ubcf4\ub2e4 \ub354 \uc624\ub974\uac70\ub098 \ub35c \ub0b4\ub824 \uaca9\ucc28\uac00 \ucee4\uc9d0) \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \ubcc0\ud654\uc5d0 \ub300\ube44\ud574 \uc120\ubb3c \uc2a4\ud504\ub808\ub4dc(futures spreads, \ub9cc\uae30\uac00 \ub2e4\ub978 \uc120\ubb3c \uac04\uc758 \ucc28\uc774\uc5d0 \ubca0\ud305\ud558\ub294 \uac70\ub798) \uac19\uc740 \ud30c\uc0dd\uc0c1\ud488\uc73c\ub85c 2\ub144\ubb3c\uacfc 10\ub144\ubb3c \uc218\uc775\ub960\uc758 \uad00\uacc4(\uc2a4\ud504\ub808\ub4dc) \ubcc0\ud654\ub97c \ub178\ub9b4 \uc218 \uc788\uc73c\uba70, \uc774\ub294 \uc131\uc7a5 \uc804\ub9dd \ubcc0\ud654\uc5d0 \ub354 \ubbfc\uac10\ud569\ub2c8\ub2e4.\n\n<h3>\uc218\uc775\ub960 \uace1\uc120 \ubcc0\ud654\uc5d0 \ub9de\ucd98 \ud3ec\uc9c0\uc158<\/h3>\n\n<!-- wp:paragraph-->\n<p><b>VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\ubbf8 \uad6d\ucc44 4\uc8fc\ubb3c \uc785\ucc30\uae08\ub9ac 3.63%\uac00 \uc804\ud68c\uc640 \ub3d9\uc77c\u2014\uc2dc\uc7a5\ub3c4 \u2018\uc5f0\uc900 \ub2f9\uc7a5 \ub3d9\uacb0\u2019\uc5d0 \ubca0\ud305\ud569\ub2c8\ub2e4. \uc778\ud50c\ub808 2.9%\u00b7\uace0\uc6a9 19\ub9cc\uba85\uc73c\ub85c \ubcc0\ub3d9\uc131 \ub0ae\uc544\uc9c0\uace0, \ub2e8\uae30 \uc635\uc158 \ub9e4\ub3c4\uc640 \uc7a5\ub2e8\uae30 \ucee4\ube0c \ubcc0\ud654 \ud3ec\uc9c0\uc154\ub2dd\uc774 \uc720\ud6a8. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-38175","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=38175"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38175\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}