{"id":38588,"date":"2026-02-18T18:31:48","date_gmt":"2026-02-18T18:31:48","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%9d%bc%eb%b3%b4%eb%b1%85%ed%81%ac%eb%8a%94-eu%ec%9d%98-%ec%9e%90%eb%b3%b8%ec%8b%9c%ec%9e%a5-%ea%b3%84%ed%9a%8d%ea%b3%bc-%ec%8a%a4%ec%9b%a8%eb%8d%b4%ec%9d%98-emu-%ec%9e%ac%ea%b2%80%ed%86%a0%ea%b0%80\/"},"modified":"2026-02-18T18:31:48","modified_gmt":"2026-02-18T18:31:48","slug":"%eb%9d%bc%eb%b3%b4%eb%b1%85%ed%81%ac%eb%8a%94-eu%ec%9d%98-%ec%9e%90%eb%b3%b8%ec%8b%9c%ec%9e%a5-%ea%b3%84%ed%9a%8d%ea%b3%bc-%ec%8a%a4%ec%9b%a8%eb%8d%b4%ec%9d%98-emu-%ec%9e%ac%ea%b2%80%ed%86%a0%ea%b0%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%9d%bc%eb%b3%b4%eb%b1%85%ed%81%ac%eb%8a%94-eu%ec%9d%98-%ec%9e%90%eb%b3%b8%ec%8b%9c%ec%9e%a5-%ea%b3%84%ed%9a%8d%ea%b3%bc-%ec%8a%a4%ec%9b%a8%eb%8d%b4%ec%9d%98-emu-%ec%9e%ac%ea%b2%80%ed%86%a0%ea%b0%80\/","title":{"rendered":"\ub77c\ubcf4\ubc45\ud06c\ub294 EU\uc758 \uc790\ubcf8\uc2dc\uc7a5 \uacc4\ud68d\uacfc \uc2a4\uc6e8\ub374\uc758 EMU \uc7ac\uac80\ud1a0\uac00 \uc720\ub85c\ud654\uc758 \uad6c\uc870\uc801 \uac15\uc138\ub97c \ub4b7\ubc1b\uce68\ud560 \uc218 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4."},"content":{"rendered":"Rabobank\ub294 \uc720\ub7fd\uc704\uc6d0\ud68c(European Commission)\uac00 3\uc6d4\uc5d0 **\uc790\ubcf8\uc2dc\uc7a5\uc5f0\ud569(Capital Markets Union, CMU: \uc720\ub7fd \uc804\uc5ed\uc5d0\uc11c \uc790\ubcf8(\ud22c\uc790\uae08)\uc774 \ub354 \uc27d\uac8c \uc774\ub3d9\ud558\ub3c4\ub85d \uaddc\uce59\uacfc \uc2dc\uc7a5\uc744 \ud1b5\ud569\ud558\ub294 \uc815\ucc45)** \ucd94\uc9c4\uc548\uc744, **\uc800\ucd95 \ubc0f \ud22c\uc790 \uc5f0\ud569(Savings and Investment Union: \uac00\uacc4\uc758 \uc800\ucd95\uc744 \ud22c\uc790\ub85c \uc5f0\uacb0\ud574 \uacbd\uc81c\uc5d0 \ub354 \ub3c4\uc6c0\uc774 \ub418\uac8c \ub9cc\ub4dc\ub294 \uc815\ucc45 \ubb36\uc74c)** \uad00\ub828 \uc791\uc5c5\uacfc \ud568\uaed8 \uc81c\uc2dc\ud560 \uacc4\ud68d\uc774\ub77c\uace0 \ub9d0\ud55c\ub2e4. \ub610\ud55c \uc704\uc6d0\ud68c\uac00 6\uc6d4\uae4c\uc9c0 \uc800\ucd95 \ubc0f \ud22c\uc790 \uc5f0\ud569 **1\ub2e8\uacc4(phase one: \uccab \ub2e8\uacc4)** \uacc4\ud68d\uc744 \uc6d0\ud55c\ub2e4\uace0 \ub367\ubd99\uc778\ub2e4.\n\n\uc704\uc6d0\ud68c\ub294 \uc774 \uacc4\ud68d\uc774 \uc57d **10\uc870 \uc720\ub85c(EUR10 trn: 10,000,000,000,000\uc720\ub85c)** \uaddc\ubaa8\uc758 **\ud604\uae08\uc131 \uc800\ucd95(cash savings: \ud604\uae08 \ubc0f \uc27d\uac8c \ud604\uae08\ud654\ud560 \uc218 \uc788\ub294 \uc608\uae08 \ub4f1)** \uc744 \ub354 **\uc0dd\uc0b0\uc801\uc778 \uc6a9\ub3c4(productive uses: \uae30\uc5c5 \ud22c\uc790, \uc778\ud504\ub77c \ud22c\uc790 \ub4f1 \uacbd\uc81c \ud65c\ub3d9\uc5d0 \uc9c1\uc811 \ub3c4\uc6c0\uc774 \ub418\ub294 \uc0ac\uc6a9\ucc98)** \ub85c \ub3cc\ub9ac\ub294 \uac83\uc744 \ubaa9\ud45c\ub85c \ud55c\ub2e4\uace0 \ub9d0\ud55c\ub2e4. \ub610\ud55c \uc774 \uacc4\ud68d\uc740 **\uc2dc\uc7a5 \ud1b5\ud569(market integration: \uad6d\uac00\ubcc4\ub85c \ub098\ub25c \uae08\uc735\uc2dc\uc7a5\uc744 \ud558\ub098\ucc98\ub7fc \uc5f0\uacb0)**, **\uac10\ub3c5(supervision: \uae08\uc735\ud68c\uc0ac\ub97c \uac10\uc2dc\u00b7\uc810\uac80\ud558\ub294 \uaddc\uc81c\uae30\uad00\uc758 \uad00\ub9ac)**, **\uc99d\uad8c\ud654(securitisation: \ub300\ucd9c \uac19\uc740 \uc790\uc0b0\uc744 \ubb36\uc5b4 \u2018\ucc44\uad8c \uac19\uc740 \uc0c1\ud488\u2019\uc73c\ub85c \ub9cc\ub4e4\uc5b4 \ud22c\uc790\uc790\uc5d0\uac8c \ud30c\ub294 \uad6c\uc870)** \ub97c \ud3ec\ud568\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.\n\n

Savings And Investment Union Roadmap<\/h3>\n6\uc6d4\uae4c\uc9c0 \uc9c4\uc804\uc774 \ucda9\ubd84\ud558\uc9c0 \uc54a\ub2e4\uba74, \uc704\uc6d0\ud68c\ub294 **\ub2e8\uacc4\uc801\uc73c\ub85c(tiered way: \ucc38\uc5ec\uad6d\uc744 \ub098\ub220 \uc21c\ucc28\uc801\uc73c\ub85c \uc9c4\ud589\ud558\ub294 \ubc29\uc2dd)** \ucd94\uc9c4\ud560 \uc218 \uc788\ub2e4. \uc774\ub294 \ucd5c\uc18c 9\uac1c \ud68c\uc6d0\uad6d\uc5d0\uc11c \uc2dc\uc791\ud560 \uc218 \uc788\ub2e4.\n\nRabobank\ub294 \ub610\ud55c \uc2a4\uc6e8\ub374\uc774 **EMU(Economic and Monetary Union: \uc720\ub85c\ud654\ub97c \uc4f0\ub294 \uacbd\uc81c\u00b7\ud1b5\ud654 \ub3d9\ub9f9)** \uac00\uc785\uc744 \uc7ac\uac80\ud1a0\ud560 \uc218 \uc788\ub2e4\uace0 \uc9c0\uc801\ud558\uba70, \uacf5\uc2dd \ud3c9\uac00\ub294 \uc2a4\uc6e8\ub374\uc758 9\uc6d4 \uc120\uac70 \uc774\ud6c4\uc5d0\uc57c \uc2dc\uc791\ub41c\ub2e4\uace0 \ub367\ubd99\uc778\ub2e4. Rabobank\ub294 \uc774 \ub17c\uc758\ub97c \uc2a4\uc6e8\ub374\uc758 **NATO(\ubd81\ub300\uc11c\uc591\uc870\uc57d\uae30\uad6c: \uc720\ub7fd\u00b7\ubd81\ubbf8 \uad6d\uac00\ub4e4\uc758 \uad70\uc0ac \ub3d9\ub9f9)** \uac00\uc785\uacfc **\uc9c0\uc815\ud559\uc801 \uc704\ud5d8(geopolitical risks: \uc804\uc7c1\u00b7\ub3d9\ub9f9\u00b7\uad6d\uc81c \uac08\ub4f1 \uac19\uc740 \uc815\uce58 \uc694\uc778\uc774 \uacbd\uc81c\uc5d0 \uc8fc\ub294 \uc704\ud5d8)** \ubcc0\ud654\uc640 \uc5f0\uacb0\ud55c\ub2e4.\n\n

Implications For Eur Sek Options Traders<\/h3>\n**\ud30c\uc0dd\uc0c1\ud488(derivatives: \uc8fc\uc2dd\u00b7\ud658\uc728 \uac19\uc740 \u2018\uae30\ucd08\uc790\uc0b0\u2019 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ubcc0\ud558\ub294 \uacc4\uc57d)** \uac70\ub798\uc790\uc5d0\uac8c \uc774\ub294 \uc720\ub85c\uc758 \uc7a5\uae30\uc801\uc778 \uad6c\uc870\uc801 \uc9c0\uc9c0 \uc694\uc778\uc774 \ubd84\uba85\ud558\uc9c0\ub9cc \ube60\ub974\uac8c \ub098\ud0c0\ub098\uc9c0\ub294 \uc54a\ub294\ub2e4\ub294 \ub73b\uc774\ub2e4. **EUR\/SEK \uc635\uc158(options: \uc815\ud574\uc9c4 \uae30\uac04 \uc548\uc5d0 \ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc73c\ub85c \uc0ac\uace0\ud314 \uc218 \uc788\ub294 \uad8c\ub9ac)** \uc758 **\ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility: \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc55e\uc73c\ub85c \uc5bc\ub9c8\ub098 \ud06c\uac8c \uc6c0\uc9c1\uc77c\uc9c0\u2019\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uc608\uc0c1)** \uc740 \uac11\uc791\uc2a4\ub7ec\uc6b4 \uc815\uce58 \ubc1c\ud45c \uc704\ud5d8\uc744 \ucda9\ubd84\ud788 \ubc18\uc601\ud558\uc9c0 \ubabb\ud558\uace0 \uc788\uc744 \uc218 \uc788\uc5b4, **\uc2a4\ud2b8\ub798\ub4e4(straddle: \uac19\uc740 \ub9cc\uae30\u00b7\uac19\uc740 \ud589\uc0ac\uac00\uaca9\uc758 \ucf5c\uacfc \ud48b\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218\ud574 \ud070 \ubcc0\ub3d9\uc5d0 \ubca0\ud305)** \ub610\ub294 **\uc2a4\ud2b8\ub7ad\uae00(strangle: \uc11c\ub85c \ub2e4\ub978 \ud589\uc0ac\uac00\uaca9\uc758 \ucf5c\uacfc \ud48b\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218\ud574 \ud070 \ubcc0\ub3d9\uc5d0 \ubca0\ud305)** \uc744 \uc0ac\ub294 \uc0ac\ub78c\uc5d0\uac8c \uae30\ud68c\uac00 \ub420 \uc218 \uc788\ub2e4. \ub290\ub9ac\uac8c \uc9c4\ud589\ub418\ub294 \ud1b5\ud569 \uc758\uc81c\ub294 \uc720\ub85c \uac15\uc138\uc5d0 \ubc29\ud5a5\uc131\uc73c\ub85c \ubca0\ud305\ud558\ub824\uba74, \ucd09\ub9e4\uac00 \ub098\uc624\uae30\uae4c\uc9c0 \uae30\ub2e4\ub9ac\ub294 \ub3d9\uc548 **\uc138\ud0c0 \uac10\uc1e0(theta decay: \uc2dc\uac04\uc774 \uc9c0\ub098\uba74 \uc635\uc158 \uac00\uce58\uac00 \uc904\uc5b4\ub4dc\ub294 \ud604\uc0c1)** \ub97c \uc904\uc774\uae30 \uc704\ud574 **\uc7a5\uae30 \ub9cc\uae30 \uc635\uc158(long-dated options: \ub9cc\uae30\uac00 \uae34 \uc635\uc158)** \uc744 \uc0ac\uc6a9\ud558\ub294 \uac83\uc774 \ub0ab\ub2e4\ub294 \uc810\uc744 \uc2dc\uc0ac\ud55c\ub2e4.\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":"

EU\uac00 10\uc870 \uc720\ub85c \u2018\uc7a0\uc790\ub294 \ub3c8\u2019\uc744 \uae68\uc6b4\ub2e4: 3\uc6d4 \uc790\ubcf8\uc2dc\uc7a5\u00b7\uc800\ucd95\ud22c\uc790\uc5f0\ud569 \ucd94\uc9c4, 6\uc6d4 1\ub2e8\uacc4 \uacc4\ud68d. \uc131\uacfc \ubbf8\ud761 \uc2dc 9\uac1c\uad6d\ubd80\ud130 \ub2e8\uacc4\uc801 \uc2dc\ud589. \uc2a4\uc6e8\ub374 EMU \uc7ac\ub17c\uc758\ub85c EUR\/SEK \ubcc0\ub3d9\uc131\u00b7\uc635\uc158 \uae30\ud68c. – 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-38588","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\/38588","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=38588"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/38588\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=38588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=38588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=38588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}