{"id":41877,"date":"2026-03-19T21:44:26","date_gmt":"2026-03-19T21:44:26","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%85%b8%eb%a5%b4%eb%8d%b0%ec%95%84%ec%9d%98-%ec%96%80-%ed%8f%b0-%ea%b2%8c%eb%a6%ac%ed%9e%88%eb%8a%94-ecb%ea%b0%80-%ea%b8%88%eb%a6%ac%eb%a5%bc-%eb%8f%99%ea%b2%b0%ed%96%88%ec%a7%80%eb%a7%8c-%ec%97%90\/"},"modified":"2026-03-19T21:44:26","modified_gmt":"2026-03-19T21:44:26","slug":"%eb%85%b8%eb%a5%b4%eb%8d%b0%ec%95%84%ec%9d%98-%ec%96%80-%ed%8f%b0-%ea%b2%8c%eb%a6%ac%ed%9e%88%eb%8a%94-ecb%ea%b0%80-%ea%b8%88%eb%a6%ac%eb%a5%bc-%eb%8f%99%ea%b2%b0%ed%96%88%ec%a7%80%eb%a7%8c-%ec%97%90","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%85%b8%eb%a5%b4%eb%8d%b0%ec%95%84%ec%9d%98-%ec%96%80-%ed%8f%b0-%ea%b2%8c%eb%a6%ac%ed%9e%88%eb%8a%94-ecb%ea%b0%80-%ea%b8%88%eb%a6%ac%eb%a5%bc-%eb%8f%99%ea%b2%b0%ed%96%88%ec%a7%80%eb%a7%8c-%ec%97%90\/","title":{"rendered":"\ub178\ub974\ub370\uc544\uc758 \uc580 \ud3f0 \uac8c\ub9ac\ud788\ub294 ECB\uac00 \uae08\ub9ac\ub97c \ub3d9\uacb0\ud588\uc9c0\ub9cc, \uc5d0\ub108\uc9c0\ubc1c(\u767c) \uc778\ud50c\ub808\uc774\uc158\uc774 \ud655\uc0b0\ub418\uba74 \uae34\ucd95\uc5d0 \ub098\uc124 \uc218 \uc788\ub2e4\uace0 \ub9d0\ud588\ub2e4"},"content":{"rendered":"ECB(\uc720\ub7fd\uc911\uc559\uc740\ud589)\uc740 **\uae30\uc900\uae08\ub9ac\ub97c \uadf8\ub300\ub85c \uc720\uc9c0**\ud588\uc73c\uba70, \ubc1c\ud45c \ub0b4\uc6a9(\ucee4\ubba4\ub2c8\ucf00\uc774\uc158)\uc740 **\uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc804\ubc18\uc801\uc778 \ubb3c\uac00(\uc778\ud50c\ub808\uc774\uc158)\ub85c \ubc88\uc9c8 \uacbd\uc6b0 \ud1b5\ud654\uc815\ucc45\uc744 \ub354 \uac15\ud558\uac8c \uae34\ucd95(\uae08\ub9ac\ub97c \uc62c\ub9ac\ub294 \ubc29\ud5a5\uc73c\ub85c \uc870\uc815)\ud560 \uc758\uc9c0\uac00 \ucee4\uc84c\ub2e4**\ub294 \uc2e0\ud638\ub97c \uc8fc\uc5c8\ub2e4. ECB\ub294 **\uc911\ub3d9 \ubd84\uc7c1**\uc744 \uc9c0\ucf1c\ubcf4\uba74\uc11c, **\uc5d0\ub108\uc9c0 \ube44\uc6a9\uc774 \uc18c\ube44\uc790\ubb3c\uac00\uc640 \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300(\uc0ac\ub78c\ub4e4\uacfc \uc2dc\uc7a5\uc774 \uc55e\uc73c\ub85c \ubb3c\uac00\uac00 \uc624\ub97c \uac83\uc774\ub77c \uc608\uc0c1\ud558\ub294 \uc815\ub3c4)**\uc5d0 \uc601\ud5a5\uc744 \uc8fc\ub294\uc9c0 \ud655\uc778\ud558\uace0 \uc788\ub2e4.\n\n\ub178\ub974\ub370\uc544(Nordea)\uc758 \uae30\ubcf8 \uc804\ub9dd\uc740 ECB\uac00 **\ub0b4\ub144\uae4c\uc9c0 \uae08\ub9ac\ub97c \uc62c\ub9ac\uc9c0 \uc54a\uc744 \uac83**\uc774\ub77c\ub294 \uac83\uc774\uc5c8\ub2e4. \ud558\uc9c0\ub9cc \uae30\uc0ac\uc5d0 \ub530\ub974\uba74 \uc804\uc7c1\uc774 \uba87 \uc8fc \ub354 \uc774\uc5b4\uc9c0\uace0 \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \ub2e4\uc2dc \ub0b4\ub824\uc624\uc9c0 \uc54a\uc73c\uba74 \uc774 \uc804\ub9dd\uc774 \ubc14\ub014 \uc218 \uc788\uc73c\uba70, **6\uc6d4 \ud68c\uc758\uac00 \uc911\uc694\ud55c \uc2dc\uc810**\uc73c\ub85c \uc5b8\uae09\ub410\ub2e4.\n\n\ub2f9\uc77c \uc2dc\uc7a5\uc740 \ubcc0\ub3d9\uc774 \ucef8\uace0, ECB \uae30\uc790\ud68c\uacac \ub3d9\uc548 **\uae08\ub9ac(\uc2dc\uc7a5\uae08\ub9ac)\uac00 \ub2e4\uc2dc \ub0b4\ub824\uac14\ub2e4**. \uc2dc\uc7a5\uc5d0\uc11c \ubc18\uc601\ub41c \uac00\uaca9(\uc2dc\uc7a5 \ucc38\uac00\uc790\ub4e4\uc758 \uc608\uc0c1)\uc740 **6\uc6d4 \ud68c\uc758\uae4c\uc9c0 25bp \uc778\uc0c1**\uacfc \uc5f0\ub9d0\uae4c\uc9c0 **\ucd1d 60bp \uae34\ucd95**\uc744 \uc758\ubbf8\ud588\ub2e4.  \n&#8211; **bp(\ubca0\uc774\uc2dc\uc2a4 \ud3ec\uc778\ud2b8)**: \uae08\ub9ac\uc758 \uc544\uc8fc \uc791\uc740 \ub2e8\uc704. **100bp = 1.00%\ud3ec\uc778\ud2b8**, **25bp = 0.25%\ud3ec\uc778\ud2b8**.\n\n\uc774 \uc0c1\ud669\uc740 \uc624\ub298\ub3c4 \ube44\uc2b7\ud558\uac8c \ub290\uaef4\uc9c4\ub2e4. \ube0c\ub80c\ud2b8\uc720(Brent crude oil, \uad6d\uc81c \uc6d0\uc720 \uac00\uaca9 \uae30\uc900 \uc911 \ud558\ub098)\ub294 \uc9c0\ub09c \ud55c \ub2ec \ub3d9\uc548 15% \uc774\uc0c1 \uc62c\ub77c \ubc30\ub7f4\ub2f9 95\ub2ec\ub7ec\ub97c \ub118\uc5c8\ub2e4. \ucd5c\uadfc Eurostat(\uc720\ub85c\uc2a4\ud0c0\ud2b8, EU \ud1b5\uacc4\uae30\uad00) \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 2\uc6d4 \uc720\ub85c\uc874 **\ud5e4\ub4dc\ub77c\uc778 \uc778\ud50c\ub808\uc774\uc158(\uc804\uccb4 \ud488\ubaa9\uc744 \ud569\uce5c \ub300\ud45c \ubb3c\uac00\uc0c1\uc2b9\ub960)**\uc740 2.8%\ub85c, \uc2dc\uc7a5 \uc608\uc0c1\uce58(\ucee8\uc13c\uc11c\uc2a4) 2.5%\ubcf4\ub2e4 \ub192\uc558\uace0 \uc8fc\ub85c \uc5d0\ub108\uc9c0 \uc601\ud5a5\uc774 \ucef8\ub2e4.  \n\n\uc774\ub7f0 \ubc30\uacbd\uc5d0\uc11c \ud2b8\ub808\uc774\ub354(\ub2e8\uae30 \ub9e4\ub9e4\ub97c \ud558\ub294 \uc2dc\uc7a5 \ucc38\uac00\uc790)\ub294 **\uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \uc0c1\uc2b9\uc5d0 \ub300\ube44\ud55c \ubcf4\ud638 \uc218\ub2e8**\uc744 \uace0\ub824\ud560 \ud544\uc694\uac00 \uc788\ub2e4. VSTOXX \uc9c0\uc218(\uc720\ub85c\uc874 \uc8fc\uc2dd\uc2dc\uc7a5\uc758 **\ubcc0\ub3d9\uc131 \uc9c0\ud45c**, \uc989 \uac00\uaca9 \ud754\ub4e4\ub9bc \uc815\ub3c4\ub97c \uc218\uce58\ub85c \ub098\ud0c0\ub0b8 \uac83)\ub294 2025\ub144 \uc5d0\ub108\uc9c0 \ubd88\uc548 \ub54c\uc758 \ucd5c\uace0\uce58\ubcf4\ub2e4 \uc544\uc9c1 \ub0ae\uc740 \uc218\uc900\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\ub2e4. \uc774 \uc9c0\uc218\uc758 **\ucf5c\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc73c\ub85c \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)**\uc744 \ub9e4\uc218\ud558\uba74, \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc774 \ub354 \ucee4\uc9c8 \ub54c \ube44\uad50\uc801 \ud6a8\uc728\uc801\uc778 \ubc29\uc5b4(\ud5e4\uc9c0) \uc218\ub2e8\uc774 \ub420 \uc218 \uc788\ub2e4.  \n&#8211; **\ud5e4\uc9c0(hedge)**: \uc190\uc2e4 \uc704\ud5d8\uc744 \uc904\uc774\uae30 \uc704\ud55c **\ubcf4\ud5d8\uc131 \uac70\ub798\/\ubc29\uc5b4 \uc804\ub7b5**.  \n&#8211; **\uc635\uc158(option)**: \ubbf8\ub798\uc5d0 \ubbf8\ub9ac \uc815\ud55c \uac00\uaca9\uc73c\ub85c **\uc0ac\uac70\ub098(\ucf5c)** **\ud314 \uc218 \uc788\ub294(\ud48b)** \uad8c\ub9ac(\uc758\ubb34\ub294 \uc544\ub2d8).\n\n\uc2dc\uc7a5\uc740 \ub2e4\uc2dc ECB 6\uc6d4 \ud68c\uc758\uc5d0\uc11c **25bp \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131**\uc744 \ud06c\uac8c \ubc18\uc601\ud558\uace0 \uc788\ub2e4. \ub530\ub77c\uc11c \ub354 \ub9e4\ud30c\uc801\uc778(\uc778\ud50c\ub808\uc774\uc158\uc744 \uc7a1\uae30 \uc704\ud574 \uae08\ub9ac\ub97c \uc62c\ub9ac\ub824\ub294) \uc911\uc559\uc740\ud589\uc5d0 \ub300\ube44\ud574 **\uc720\ub9ac\ubcf4(Euribor) \uc120\ubb3c \uacc4\uc57d(\ubbf8\ub798 \uae08\ub9ac\ub97c \ubc18\uc601\ud558\ub294 \uac70\ub798)**\uc744 \uc0b4\ud3b4\ubcfc \uc218 \uc788\ub2e4.  \n&#8211; **\uc720\ub9ac\ubcf4(Euribor)**: \uc720\ub85c\uc874\uc5d0\uc11c \uc740\ud589\ub07c\ub9ac \ub3c8\uc744 \ube4c\ub824\uc904 \ub54c\uc758 \ub300\ud45c \uae08\ub9ac.  \n&#8211; **\uc120\ubb3c(futures) \uacc4\uc57d**: \ubbf8\ub798\uc758 \uac00\uaca9(\uc5ec\uae30\uc11c\ub294 \uae08\ub9ac \uc218\uc900)\uc5d0 \ub300\ud574 \uc9c0\uae08 \uc815\ud574 \uac70\ub798\ud558\ub294 \uacc4\uc57d.\n\n\ub610\ud55c \ub192\uc740 \uc5d0\ub108\uc9c0 \ube44\uc6a9\uc774 \uc624\ub798\uac00\uace0 \uae08\ub9ac \uc778\uc0c1\uae4c\uc9c0 \uacb9\uce58\uba74 \uae30\uc5c5 \uc790\uae08 \uc0ac\uc815\uc774 \ub098\ube60\uc9c8 \uc218 \uc788\ub2e4. \uadf8\ub798\uc11c \uc720\ub7fd \uae30\uc5c5 \ucc44\uad8c(\uae30\uc5c5\uc774 \ube5a\uc73c\ub85c \ubc1c\ud589\ud55c \ucc44\uad8c)\uc744 \ucd94\uc801\ud558\ub294 \uc9c0\uc218\uc5d0 \ub300\ud55c **\uc2e0\uc6a9\ubd80\ub3c4\uc2a4\uc651(CDS)**\ub3c4 \uac80\ud1a0\ud558\ub294 \uac83\uc774 \ud569\ub9ac\uc801\uc774\ub2e4.  \n&#8211; **CDS(\uc2e0\uc6a9\ubd80\ub3c4\uc2a4\uc651)**: \ud68c\uc0ac\ub098 \ucc44\uad8c\uc774 **\ubd80\ub3c4(\ucc44\ubb34\ubd88\uc774\ud589)** \ub0a0 \ub54c \uc190\uc2e4\uc744 \ubcf4\uc804\ubc1b\ub294 **\ubcf4\ud5d8\uc5d0 \uac00\uae4c\uc6b4 \uacc4\uc57d**.  \n\ud2b9\ud788 \uc81c\uc870\uc5c5\uacfc \uc6b4\uc1a1\ucc98\ub7fc \uc5d0\ub108\uc9c0\ub97c \ub9ce\uc774 \uc4f0\ub294 \uc5c5\uc885\uc774 \ub354 \ucde8\uc57d\ud560 \uc218 \uc788\ub2e4. \uc774\ub7f0 \u201c\ubcf4\ud5d8\ub8cc\u201d(CDS \ube44\uc6a9)\ub294 \uc624\ub974\uace0 \uc788\uc9c0\ub9cc, \uacfc\uac70\uc758 \uc2ec\uac01\ud55c \ubd88\uc548 \uc2dc\uae30 \uc218\uc900\uae4c\uc9c0\ub294 \uc544\uc9c1 \ub3c4\ub2ec\ud558\uc9c0 \uc54a\uc558\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>ECB\uac00 \uae08\ub9ac\ub97c \ub3d9\uacb0\ud588\uc9c0\ub9cc \u201c\uc804\uc7c1\u00b7\uc720\uac00\u201d\uac00 \ub2e4\uc74c \uc778\uc0c1\uc744 \ubd80\ub97c \uc218 \uc788\ub2e4. \uc911\ub3d9 \uac08\ub4f1\uc73c\ub85c \uc5d0\ub108\uc9c0\ubc1c \uc778\ud50c\ub808\uac00 \uc7ac\uc810\ud654\ub418\uba70 6\uc6d4 \uc778\uc0c1 \uac00\ub2a5\uc131 \ud655\ub300, \ubcc0\ub3d9\uc131\u00b7\uae08\ub9ac\u00b7\uc2e0\uc6a9 \ud5e4\uc9c0 \uc218\uc694\uac00 \ucee4\uc9c4\ub2e4. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":103,"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-41877","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\/41877","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\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=41877"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41877\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=41877"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=41877"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=41877"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}