{"id":39143,"date":"2026-02-26T02:32:52","date_gmt":"2026-02-26T02:32:52","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%af%b8%ea%b5%ad-5%eb%85%84%eb%ac%bc-%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0%ec%9d%b4-%ec%9d%b4%ec%a0%84-3-823%ec%97%90%ec%84%9c-3-615%eb%a1%9c-%ed%95%98%eb%9d%bd%ed%95%98\/"},"modified":"2026-02-26T02:32:52","modified_gmt":"2026-02-26T02:32:52","slug":"%eb%af%b8%ea%b5%ad-5%eb%85%84%eb%ac%bc-%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0%ec%9d%b4-%ec%9d%b4%ec%a0%84-3-823%ec%97%90%ec%84%9c-3-615%eb%a1%9c-%ed%95%98%eb%9d%bd%ed%95%98","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%af%b8%ea%b5%ad-5%eb%85%84%eb%ac%bc-%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0%ec%9d%b4-%ec%9d%b4%ec%a0%84-3-823%ec%97%90%ec%84%9c-3-615%eb%a1%9c-%ed%95%98%eb%9d%bd%ed%95%98\/","title":{"rendered":"\ubbf8\uad6d 5\ub144\ubb3c \uad6d\ucc44 \uc785\ucc30 \uc218\uc775\ub960\uc774 \uc774\uc804 3.823%\uc5d0\uc11c 3.615%\ub85c \ud558\ub77d\ud558\uba70 \ud558\ub77d\uc138\ub97c \uae30\ub85d\ud588\ub2e4."},"content":{"rendered":"\ubbf8\uad6d \uc7ac\ubb34\ubd80\uc758 5\ub144\ubb3c \uad6d\ucc44(5-year note) \uc785\ucc30(auction, \uc815\ubd80\uac00 \uad6d\ucc44\ub97c \ud314\uc544 \uc790\uae08\uc744 \ube4c\ub9ac\ub294 \uc808\ucc28)\uc740 3.615% \uc218\uc775\ub960(yield, \uad6d\ucc44\ub97c \uc0c0\uc744 \ub54c \ubc1b\ub294 \uc5f0\uac04 \uc218\uc775\ub960 \uae30\uc900)\uc5d0\uc11c \ub9c8\uac10(\ub099\ucc30, cleared)\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc774\uc804 \uc785\ucc30 \uc218\uc775\ub960 3.823%\ubcf4\ub2e4 \ub0ae\uc2b5\ub2c8\ub2e4.\n\n\ubcc0\ud654\ud3ed\uc740 \uc774\uc804 \uacb0\uacfc\ubcf4\ub2e4 0.208%\ud3ec\uc778\ud2b8(percentage points, \ub2e8\uc21c\ud55c \ud37c\uc13c\ud2b8 \ucc28\uc774) \ud558\ub77d\ud55c \uac83\uc785\ub2c8\ub2e4. \uc774\ub294 \uc9c0\ub09c \uc785\ucc30\ubcf4\ub2e4 \uac19\uc740 \ub9cc\uae30(maturity, \ub3c8\uc744 \uac1a\ub294 \uae30\uac04)\uac00 \ub354 \ub0ae\uc740 \ube44\uc6a9\uc73c\ub85c \uc790\uae08\uc744 \ube4c\ub9b4 \uc218 \uc788\uc74c\uc744 \ub73b\ud569\ub2c8\ub2e4.\n\n<h3>\ubbf8 \uad6d\ucc44\uc5d0 \ub300\ud55c \uac15\ud55c \uc218\uc694<\/h3>\n5\ub144\ubb3c \uad6d\ucc44 \uc785\ucc30 \uc218\uc775\ub960\uc774 \ud06c\uac8c \ub0b4\ub824\uac04 \uac83\uc740 \uc815\ubd80 \ubd80\ucc44(\uad6d\ucc44)\uc5d0 \ub300\ud55c \uc218\uc694(demand, \uc0ac\ub824\ub294 \uc0ac\ub78c\uc774 \ub9ce\uc74c)\uac00 \ub9e4\uc6b0 \uac15\ud558\ub2e4\ub294 \ub73b\uc785\ub2c8\ub2e4. \uc774\ub294 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Federal Reserve, \ubbf8\uad6d \uc911\uc559\uc740\ud589)\uac00 \uac00\uae4c\uc6b4 \uc2dc\uc77c \ub0b4\uc5d0 \uae30\uc900\uae08\ub9ac(interest rates, \uc911\uc559\uc740\ud589\uc774 \uc815\ud558\ub294 \uae08\ub9ac)\ub97c \uc778\ud558\ud574\uc57c \ud55c\ub2e4\ub294 \uc2dc\uc7a5\uc758 \uae30\ub300\uac00 \ucee4\uc84c\ub2e4\ub294 \uc758\ubbf8\ub85c \ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \ubd84\uc704\uae30\ub294 \uacbd\uc81c\uac00 \ub454\ud654(slowing economy, \uc131\uc7a5 \uc18d\ub3c4\uac00 \ub290\ub824\uc9d0)\ub420 \uac83\uc774\ub77c\ub294 \uc804\ub9dd\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \ubc18\uc751\uc785\ub2c8\ub2e4.\n\n\uc774\ub7ec\ud55c \uad00\uc810\uc740 \uc9c0\ub09c \ud55c \ub2ec\uc5d0 \ub098\uc628 \ucd5c\uc2e0 \uacbd\uc81c \uc9c0\ud45c(economic data, \uacbd\uc81c \uc0c1\ud669\uc744 \ubcf4\uc5ec\uc8fc\ub294 \ud1b5\uacc4)\ub85c\ub3c4 \ub4b7\ubc1b\uce68\ub429\ub2c8\ub2e4. 2026\ub144 1\uc6d4 \uc778\ud50c\ub808\uc774\uc158(inflation, \ubb3c\uac00\uac00 \uc804\ubc18\uc801\uc73c\ub85c \uc624\ub974\ub294 \ud604\uc0c1) \uc218\uce58\ub294 \uc5f0 2.5%\ub85c \uacc4\uc18d \ub454\ud654(cooldown, \uc0c1\uc2b9 \uc555\ub825\uc774 \uc57d\ud574\uc9d0)\ub418\ub294 \ubaa8\uc2b5\uc744 \ubcf4\uc600\uace0, 2025\ub144 4\ubd84\uae30 GDP(\uad6d\ub0b4\ucd1d\uc0dd\uc0b0, \ud55c \ub098\ub77c\uac00 \uc77c\uc815 \uae30\uac04 \uc0dd\uc0b0\ud55c \uc7ac\ud654\u00b7\uc11c\ube44\uc2a4\uc758 \ucd1d\ud569) \ud655\uc815\uce58(final revision, \ucd5c\uc885 \uc218\uc815 \ubc1c\ud45c)\ub3c4 \ucc98\uc74c \uc608\uc0c1\ubcf4\ub2e4 \uc18c\ud3ed \ub0ae\uc558\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \uc218\uce58\ub294 \uc5f0\uc900\uc774 \ud1b5\ud654\uc815\ucc45(monetary policy, \uae08\ub9ac\u00b7\uc720\ub3d9\uc131\uc73c\ub85c \uacbd\uae30\ub97c \uc870\uc808\ud558\ub294 \uc815\ucc45)\uc744 \uc644\ud654(easing, \uae08\ub9ac\ub97c \ub0b4\ub9ac\uac70\ub098 \ub3c8\uc774 \ub3cc\uae30 \uc27d\uac8c \ud568)\ud560 \uc774\uc720\ub97c \ub354 \ub298\ub824\uc90d\ub2c8\ub2e4.\n\n\ub530\ub77c\uc11c \ud30c\uc0dd\uc0c1\ud488(derivative, \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc744 \ubc14\ud0d5\uc73c\ub85c \uac00\uce58\uac00 \uc6c0\uc9c1\uc774\ub294 \uacc4\uc57d) \uc2dc\uc7a5\uc744 \ud1b5\ud574 \uae08\ub9ac \ud558\ub77d\uc5d0 \ub300\ube44\ud558\ub294 \ud3ec\uc9c0\uc158(positioning, \ud22c\uc790 \ubc29\ud5a5\uacfc \ubcf4\uc720 \uc0c1\ud0dc)\uc744 \uace0\ub824\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uae08\ub9ac \uc120\ubb3c(interest rate futures, \uae08\ub9ac\/\ucc44\uad8c \uac00\uaca9\uc5d0 \uc5f0\ub3d9\ub41c \uc120\ubb3c)\uc744 \ub9e4\uc218(going long, \uac00\uaca9 \uc0c1\uc2b9\uc5d0 \ubca0\ud305)\ud558\ub294 \uac83, \ud2b9\ud788 5\ub144\ubb3c(ZF)\uacfc 10\ub144\ubb3c(ZN) \ubbf8 \uad6d\ucc44 \uc120\ubb3c \uacc4\uc57d(contracts, \ud45c\uc900\ud654\ub41c \uac70\ub798 \uc57d\uc815)\uc740 \uc774\ud574\ud558\uae30 \uc26c\uc6b4 \uc804\ub7b5\uc785\ub2c8\ub2e4. \uc218\uc775\ub960(yield)\uc774 \ub5a8\uc5b4\uc9c0\uba74 \ucc44\uad8c \uac00\uaca9(bond prices, \ucc44\uad8c\uc758 \uac70\ub798 \uac00\uaca9)\uc774 \uc624\ub974\ub294 \uacbd\ud5a5\uc774 \uc788\uc5b4, \uc774\ub7f0 \ud3ec\uc9c0\uc158\uc758 \uac00\uce58\uac00 \uc62c\ub77c\uac08 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n\n\ucc44\uad8c\uc73c\ub85c\uc758 \uc548\uc804\uc790\uc0b0 \uc120\ud638(flight to safety, \uc704\ud5d8\uc790\uc0b0\uc744 \ud53c\ud558\uace0 \uc548\uc804\uc790\uc0b0\uc73c\ub85c \uc774\ub3d9)\ub294 \uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\uc11c \uacbd\uacc4\uc2ec\uc774 \ucee4\uc84c\ub2e4\ub294 \uc2e0\ud638\uc778 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c S&#038;P 500 \uac19\uc740 \uc8fc\uc694 \uc9c0\uc218(index, \uc5ec\ub7ec \uc885\ubaa9\uc744 \ubb36\uc5b4 \ub9cc\ub4e0 \uc2dc\uc7a5 \uc9c0\ud45c)\uc5d0 \ubcf4\ud638\uc6a9 \ud48b\uc635\uc158(protective put options, \uac00\uaca9 \ud558\ub77d \uc2dc \uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud574 \uc0ac\ub294 \u2018\ud558\ub77d \ub300\ube44\u2019 \uc635\uc158)\uc744 \ub9e4\uc218\ud558\ub294 \uac83\ub3c4 \uace0\ub824\ud560 \ub9cc\ud569\ub2c8\ub2e4. \uc774\ub294 \ud5a5\ud6c4 \uba87 \uc8fc \ub3d9\uc548 \uc8fc\uc2dd \ud558\ub77d(equity downturn, \uc8fc\uac00 \uc57d\uc138) \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud558\ub294 \ud5e4\uc9c0(hedge, \uc704\ud5d8\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4) \ubc29\ubc95\uc785\ub2c8\ub2e4.\n\n<h3>\ud658\uc728 \uc2dc\uc7a5\uc5d0 \ub300\ud55c \uc758\ubbf8<\/h3>\n2025\ub144 \uc2dc\uc7a5 \ud750\ub984\uc744 \ubcf4\uba74 \ube44\uc2b7\ud55c \ud328\ud134\uc774 \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \uadf8 \ud574 \ub300\ubd80\ubd84 \uae30\uac04 \ub098\ud0c0\ub0ac\ub358 \uc218\uc775\ub960\uace1\uc120 \uc5ed\uc804(inverted yield curve, \ub2e8\uae30 \uae08\ub9ac\uac00 \uc7a5\uae30 \uae08\ub9ac\ubcf4\ub2e4 \ub192\uc740 \uc0c1\ud0dc)\uc740 \uc774\ud6c4 \uc2e4\uc81c\ub85c \ucc3e\uc544\uc628 \uacbd\uae30 \ub454\ud654\uc758 \uc5ed\uc0ac\uc801 \uc2e0\ud638\ub85c \uc790\uc8fc \uc5b8\uae09\ub429\ub2c8\ub2e4. \ud604\uc7ac \ucc44\uad8c \uc785\ucc30\uc758 \uac15\uc138\ub294 \uadf8 \ud750\ub984\uc774 \ub354 \ube68\ub77c\uc9c0\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud569\ub2c8\ub2e4.\n\n\ubbf8\uad6d \uae08\ub9ac \ud558\ub77d\uc740 \ub2ec\ub7ec \uc57d\uc138(weaker US dollar, \ub2ec\ub7ec \uac00\uce58 \ud558\ub77d)\ub85c \uc774\uc5b4\uc9c8 \uac00\ub2a5\uc131\ub3c4 \ud07d\ub2c8\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc720\ub85c\ud654\ub098 \uc77c\ubcf8 \uc5d4\ud654\uc5d0 \ub300\ud55c \ucf5c\uc635\uc158 \ub9e4\uc218(long calls, \ud574\ub2f9 \ud1b5\ud654 \uac00\uce58 \uc0c1\uc2b9\uc5d0 \uc720\ub9ac\ud55c \uc635\uc158 \ub9e4\uc218) \uac19\uc740 \ud30c\uc0dd \ud3ec\uc9c0\uc158\uc744 \uc0b4\ud3b4\ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d \uc218\uc775\ub960\uc774 \ub35c \ub9e4\ub825\uc801\uc774 \ub418\uba74 \uad6d\uc81c \uc790\uae08(international capital, \ud574\uc678 \ud22c\uc790 \uc790\uae08)\uc774 \ub2e4\ub978 \ud1b5\ud654\ub85c \uc774\ub3d9\ud560 \uac00\ub2a5\uc131\uc774 \ucee4\uc9d1\ub2c8\ub2e4.\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 5\ub144\ubb3c \uc785\ucc30 \uae08\ub9ac\uac00 3.615%\ub85c 0.208%p \ud558\ub77d\ud558\uba70 \uc218\uc694 \uae09\uc99d. \uc778\ud50c\ub808\uc774\uc158 \ub454\ud654\u00b7GDP \ud558\ud5a5\uc73c\ub85c \uc5f0\uc900 \uae08\ub9ac\uc778\ud558 \uae30\ub300 \ud655\ub300. \ucc44\uad8c\uc120\ubb3c \ub9e4\uc218, \uc8fc\uc2dd \ud48b \ud5e4\uc9c0, \ub2ec\ub7ec \uc57d\uc138 \ub300\ube44 \uc720\ub85c\u00b7\uc5d4 \uc635\uc158 \uc804\ub7b5 \ubd80\uac01. &#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-39143","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\/39143","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=39143"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/39143\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=39143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=39143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=39143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}