{"id":38483,"date":"2026-02-17T16:32:01","date_gmt":"2026-02-17T16:32:01","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/savage%eb%8a%94-jgb%ec%9d%bc%eb%b3%b8-%ea%b5%ad%ec%b1%84-%ec%88%98%ec%9d%b5%eb%a5%a0-%ed%95%98%eb%9d%bd%ea%b3%bc-5%eb%85%84%eb%ac%bc%ec%97%90-%eb%8c%80%ed%95%9c-%ea%b0%95%ed%95%9c-%ec%88%98\/"},"modified":"2026-02-17T16:32:01","modified_gmt":"2026-02-17T16:32:01","slug":"savage%eb%8a%94-jgb%ec%9d%bc%eb%b3%b8-%ea%b5%ad%ec%b1%84-%ec%88%98%ec%9d%b5%eb%a5%a0-%ed%95%98%eb%9d%bd%ea%b3%bc-5%eb%85%84%eb%ac%bc%ec%97%90-%eb%8c%80%ed%95%9c-%ea%b0%95%ed%95%9c-%ec%88%98","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/savage%eb%8a%94-jgb%ec%9d%bc%eb%b3%b8-%ea%b5%ad%ec%b1%84-%ec%88%98%ec%9d%b5%eb%a5%a0-%ed%95%98%eb%9d%bd%ea%b3%bc-5%eb%85%84%eb%ac%bc%ec%97%90-%eb%8c%80%ed%95%9c-%ea%b0%95%ed%95%9c-%ec%88%98\/","title":{"rendered":"\u201cSavage\ub294 JGB(\uc77c\ubcf8 \uad6d\ucc44) \uc218\uc775\ub960 \ud558\ub77d\uacfc 5\ub144\ubb3c\uc5d0 \ub300\ud55c \uac15\ud55c \uc218\uc694\uac00 \uc7ac\uc815 \uc6b0\ub824\ub97c \uc644\ud654\ud574 2\uc6d4 \uc120\uac70 \uc774\ud6c4 \uc5d4\ud654\uac00 \uac15\uc138\ub97c \ubcf4\uc774\uace0 \uc788\ub2e4\uace0 \ub9d0\ud588\ub2e4.\u201d"},"content":{"rendered":"2026\ub144 \uae00\ub85c\ubc8c \uac70\ub798\ub294 \uae08\ub9ac\uac00 \uafb8\uc900\ud55c \uc8fc\uc2dd \ub9e4\uc218\uc5d0 \uc81c\ub3d9\uc744 \uac70\ub294 \uc5ed\ud560\uc744 \ud558\uba74\uc11c \uc804\uac1c\ub3fc \uc654\ub2e4. \ucc44\uad8c \uac00\uaca9 \uc0c1\uc2b9(\ucc44\uad8c \ub7a0\ub9ac)\uc740 \uc8fc\uc2dd \ud558\ub77d\uc744 \uc0c1\uc1c4\ud558\ub294 \ud798\uc774 \uc57d\ud574\uc84c\uc9c0\ub9cc, \ucd5c\uadfc \uc77c\ubcf8\uad6d\ucc44(JGB) \uc218\uc775\ub960 \uc6c0\uc9c1\uc784\uc740 \ubcc0\ud654 \uc870\uc9d0\uc744 \ubcf4\uc5ec\uc900\ub2e4. \n– \uae08\ub9ac(interest rates): \ub3c8\uc744 \ube4c\ub9b4 \ub54c \ub0b4\ub294 \uc774\uc790 \uc218\uc900 \n– \uc218\uc775\ub960(yield): \ucc44\uad8c\uc744 \uc0c0\uc744 \ub54c \uae30\ub300\ud558\ub294 \uc774\uc790 \uc218\uc775\ub960(\ub300\uccb4\ub85c \uc218\uc775\ub960\uc774 \uc624\ub974\uba74 \ucc44\uad8c \uac00\uaca9\uc740 \ub0b4\ub9bc) \n– \uc77c\ubcf8\uad6d\ucc44(JGB, Japanese Government Bond): \uc77c\ubcf8 \uc815\ubd80\uac00 \ubc1c\ud589\ud55c \ucc44\uad8c\n\n\uc77c\ubcf8\uc758 \ucd5c\uc2e0 5\ub144\ubb3c \uc77c\ubcf8\uad6d\ucc44 \uc785\ucc30(auction)\uc5d0\uc11c \uc218\uc694\uac00 bid-to-cover ratio 3.10\uc73c\ub85c \ub298\uc5c8\ub2e4. \uc774\ub294 9\uc6d4 \uc774\ud6c4 \ucc98\uc74c\uc73c\ub85c \uc218\uc694\uac00 \uc99d\uac00\ud55c \uac83\uc774\ub2e4. \n– \uc785\ucc30(auction): \uc815\ubd80\uac00 \ucc44\uad8c\uc744 \ud314 \ub54c \ud22c\uc790\uc790\ub4e4\uc774 \uc5bc\ub9c8\uc5d0 \uc0b4\uc9c0 \uc2e0\uccad\ud558\ub294 \uacfc\uc815 \n– bid-to-cover ratio(\uc751\ucc30\ubc30\uc728): \u201c\uc2e0\uccad(\uc751\ucc30) \uae08\uc561 \u00f7 \uc2e4\uc81c \ubc1c\ud589(\ub099\ucc30) \uae08\uc561\u201d. \uc22b\uc790\uac00 \ud074\uc218\ub85d \uc218\uc694\uac00 \uac15\ud568\n\n

\uc120\uac70\ub85c \uc778\ud55c \uc2dc\uc7a5 \uc7ac\ud3c9\uac00<\/h3>\n2\uc6d4 8\uc77c \uc120\uac70 \uc774\ud6c4, \uc7ac\uc815 \uc6b0\uc704(fiscal dominance)\uc640 \uc678\ud658 \uc704\ud5d8(foreign exchange risk)\uc744 \ub458\ub7ec\uc2fc \uc2dc\uc7a5 \uac00\uaca9\uc774 \ub2ec\ub77c\uc84c\ub2e4. \ud22c\ud45c \uc774\ud6c4 \uc77c\ubcf8\uc758 \uc218\uc775\ub960\uace1\uc120(yield curve)\uc740 \ud3c9\ud3c9\ud574\uc84c\uace0, \uc5d4\ud654\ub294 \uac15\uc138\ub97c \ubcf4\uc600\ub2e4. \n– \uc7ac\uc815 \uc6b0\uc704(fiscal dominance): \uc815\ubd80\uc758 \uc7ac\uc815 \uc9c0\ucd9c\u00b7\ubd80\ucc44\uac00 \ucee4\uc838 \uc911\uc559\uc740\ud589\uc774 \ubb3c\uac00\ubcf4\ub2e4 \u201c\uad6d\ucc44 \uae08\ub9ac \uc548\uc815\/\uc815\ubd80 \uc790\uae08\uc870\ub2ec\u201d\uc744 \uc6b0\uc120\ud558\uac8c \ub420 \uc218 \uc788\ub2e4\ub294 \uc6b0\ub824 \n– \uc678\ud658(foreign exchange, FX): \uc11c\ub85c \ub2e4\ub978 \ub098\ub77c \ub3c8\uc744 \ubc14\uafb8\ub294 \uc2dc\uc7a5 \n– \uc218\uc775\ub960\uace1\uc120(yield curve): \ub9cc\uae30(\uc608: 2\ub144, 5\ub144, 10\ub144)\uc5d0 \ub530\ub77c \ucc44\uad8c \uc218\uc775\ub960\uc774 \uc5b4\ub5bb\uac8c \ub2e4\ub978\uc9c0 \ubcf4\uc5ec\uc8fc\ub294 \uc120 \n– \uace1\uc120\uc774 \ud3c9\ud3c9\ud574\uc9d0(flattening): \uc7a5\uae30 \uae08\ub9ac\uac00 \ub0b4\ub824\uac00\uac70\ub098(\ub610\ub294 \ub2e8\uae30 \uae08\ub9ac\uac00 \uc62c\ub77c\uac00) \uc7a5\ub2e8\uae30 \uae08\ub9ac \ucc28\uc774\uac00 \uc904\uc5b4\ub4dc\ub294 \ud604\uc0c1\n\n\uc5d4\ud654 \uac15\uc138\ub294 \ucc28\uc775 \uc2e4\ud604(\uc774\uc775\uc744 \ud655\uc815\ud558\uae30 \uc704\ud574 \ud30c\ub294 \uac83)\uacfc \uc5f0\uacb0\ub41c \uc8fc\uc2dd \ub9e4\ub3c4\uc640 \ud568\uaed8 \ub098\ud0c0\ub0ac\ub2e4. \ub610\ud55c \uad6d\ub0b4\uc758 \ucc44\uad8c \uc218\uc694\uac00 \uc790\uae08\uc774 \uc77c\ubcf8 \ubc16\uc73c\ub85c \ub098\uac00\ub294 \uac83\uc744 \uc904\uc600\ub2e4. \n– \ucc28\uc775 \uc2e4\ud604(profit-taking): \uc774\ubbf8 \uc624\ub978 \uc790\uc0b0\uc744 \ud314\uc544 \uc774\uc775\uc744 \ud655\uc815\ud558\ub294 \ud589\ub3d9\n\n\ubbf8\uad6d \ub2ec\ub7ec \ub300\ube44 \uc5d4\ud654 \ud658\uc728\uc778 USD\/JPY 150\uc740 \ub2ec\ub7ec\uc758 \ub2e4\uc74c \uc9c0\uc9c0\uc120(support level)\uc73c\ub85c \uc8fc\ubaa9\ubc1b\uace0 \uc788\ub2e4. \ub610\ud55c \uc774 \uc218\uc900\uc740 \uc8fc\uc2dd\uacfc \ucc44\uad8c \uac00\uaca9 \uc6c0\uc9c1\uc784\uc758 \ubcc0\ub3d9\uc131\uc774 \uc904\uc5b4\ub4e4 \uc218 \uc788\ub294 \uc9c0\uc810\uc73c\ub85c\ub3c4 \ubcf4\uc778\ub2e4. \n– USD\/JPY: \u201c1\ub2ec\ub7ec\ub97c \uc0ac\ub294 \ub370 \ud544\uc694\ud55c \uc5d4\ud654\u201d (\uc22b\uc790\uac00 \ub0b4\ub824\uac00\uba74 \uc5d4\ud654 \uac15\uc138) \n– \uc9c0\uc9c0\uc120(support level): \uac00\uaca9\uc774 \uadf8 \uc544\ub798\ub85c \uc798 \ub0b4\ub824\uac00\uc9c0 \uc54a\ub294\ub2e4\uace0 \uc2dc\uc7a5\uc774 \ubcf4\ub294 \uad6c\uac04 \n– \ubcc0\ub3d9\uc131(volatility): \uac00\uaca9\uc774 \ud754\ub4e4\ub9ac\ub294 \uc815\ub3c4\n\n\uc774 \uae00\uc740 AI \ub3c4\uad6c\ub85c \uc791\uc131\ub410\uace0 \ud3b8\uc9d1\uc790\uac00 \uac80\ud1a0\ud588\ub2e4. FXStreet\uc758 Insights Team\uc740 \uc2dc\uc7a5 \uad00\ucc30 \ub0b4\uc6a9\uc744 \uace0\ub974\uace0, \ub0b4\ubd80\u00b7\uc678\ubd80 \ubd84\uc11d\uac00\uc758 \uba54\ubaa8\ub97c \ub367\ubd99\uc778\ub2e4. \n– \ubd84\uc11d\uac00(analyst): \uc2dc\uc7a5\u00b7\uae30\uc5c5\u00b7\uacbd\uc81c\ub97c \ubd84\uc11d\ud574 \uc758\uacac\uc744 \ub0b4\ub294 \uc0ac\ub78c\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

2026\ub144 \uae00\ub85c\ubc8c \uc2dc\uc7a5, \uae08\ub9ac\uac00 \uc8fc\uc2dd\uc744 \uc81c\uc5b4\ud55c\ub2e4\u2014\uc774\uc81c \ubcc0\ud654\uc758 \uc911\uc2ec\uc740 \uc77c\ubcf8? 2\u00b78 \uc120\uac70 \ud6c4 JGB \uc218\uc694 \uae09\uc99d\u00b7\uc218\uc775\ub960\uace1\uc120 \ud3c9\ud0c4\ud654, \uc5d4\ud654 2%\u2191. USD\/JPY 150 \uc8fc\ubaa9, \uc8fc\uc2dd\uc740 \ub2c8\ucf00\uc774 4%\u2193\ub85c \ub9ac\uc2a4\ud06c\uc624\ud504. – 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-38483","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\/38483","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=38483"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38483\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}