{"id":41888,"date":"2026-03-19T23:43:26","date_gmt":"2026-03-19T23:43:26","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/bny%ec%9d%98-%ec%a0%9c%ed%94%84-%ec%9c%a0-gnu-%ea%b0%9c%ed%98%81-%ed%9a%a8%ea%b3%bc%ec%97%90-%eb%82%a8%ec%95%84%ea%b3%b5-%eb%9e%9c%eb%93%9c%ed%99%94-%ea%b8%8d%ec%a0%95%ec%a0%81\/"},"modified":"2026-03-19T23:43:26","modified_gmt":"2026-03-19T23:43:26","slug":"bny%ec%9d%98-%ec%a0%9c%ed%94%84-%ec%9c%a0-gnu-%ea%b0%9c%ed%98%81-%ed%9a%a8%ea%b3%bc%ec%97%90-%eb%82%a8%ec%95%84%ea%b3%b5-%eb%9e%9c%eb%93%9c%ed%99%94-%ea%b8%8d%ec%a0%95%ec%a0%81","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/bny%ec%9d%98-%ec%a0%9c%ed%94%84-%ec%9c%a0-gnu-%ea%b0%9c%ed%98%81-%ed%9a%a8%ea%b3%bc%ec%97%90-%eb%82%a8%ec%95%84%ea%b3%b5-%eb%9e%9c%eb%93%9c%ed%99%94-%ea%b8%8d%ec%a0%95%ec%a0%81\/","title":{"rendered":"BNY\uc758 \uc81c\ud504 \uc720 \u201cGNU \uac1c\ud601 \ud6a8\uacfc\uc5d0 \ub0a8\uc544\uacf5 \ub79c\ub4dc\ud654 \uae0d\uc815\uc801\u201d\u20262026\ub144 \uc6d0\uc790\uc7ac \ub7a0\ub9ac\ub85c \uc9c0\uc9c0 \uc804\ub9dd \uc18d \uce90\ub9ac \ub9ac\uc2a4\ud06c\ub294 \uc5ec\uc804"},"content":{"rendered":"BNY\uc758 \uc81c\ud504 \uc720(Geoff Yu)\ub294 \ub0a8\uc544\ud504\ub9ac\uce74\uacf5\ud654\uad6d(\ub0a8\uc544\uacf5) \uc0c1\ud669\uc774 \uac1c\uc120\ub418\uace0 \uc788\ub2e4\uace0 \ud3c9\uac00\ud588\ub2e4. \uadf8\ub294 \uc774\ub97c \uad6d\ubbfc\ud1b5\ud569\uc815\ubd80(Government of National Unity, \uc11c\ub85c \ub2e4\ub978 \uc815\ub2f9\uc774 \ud568\uaed8 \uafb8\ub9b0 \uc5f0\ub9bd\uc815\ubd80) \uc544\ub798\uc5d0\uc11c \uc9c4\ud589\ub41c \uad6c\uc870\uc801 \uac1c\uc120(\uacbd\uc81c \uccb4\uc9c8\uc744 \ubc14\uafb8\ub294 \uc81c\ub3c4\u00b7\uc815\ucc45 \ubcc0\ud654)\uacfc 2026\ub144 \ucd08 \uc6d0\uc790\uc7ac \ub7a0\ub9ac(\uc6d0\uc790\uc7ac \uac00\uaca9\uc774 \ub3d9\ubc18 \uc0c1\uc2b9\ud558\ub294 \ud750\ub984)\uc758 \uc9c0\uc6d0\uacfc \uc5f0\uacb0\ud588\ub2e4. \uadf8\ub294 \uc774\ub7f0 \uc694\uc778\uc774 \ub79c\ub4dc\ud654(Rand, \ub0a8\uc544\uacf5 \ud1b5\ud654\u00b7ZAR)\uc640 \uad50\uc5ed\uc870\uac74(terms of trade, \uc218\ucd9c\uac00\uaca9\uc774 \uc218\uc785\uac00\uaca9 \ub300\ube44 \uc5bc\ub9c8\ub098 \uc720\ub9ac\ud55c\uc9c0 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\uc5d0 \ub3c4\uc6c0\uc774 \ub410\ub2e4\uace0 \ub9d0\ud588\ub2e4.\n\n\ub2e4\ub9cc \uadf8\ub294 \uc5d0\ub108\uc9c0 \uc218\uae09 \ubd88\uc548(energy stress, \uc804\ub825 \ubd80\uc871\u00b7\uc5f0\ub8cc\uac00\uaca9 \uae09\ub4f1 \ub4f1\uc73c\ub85c \uc5d0\ub108\uc9c0 \ube44\uc6a9\uacfc \uacf5\uae09\uc774 \ud754\ub4e4\ub9ac\ub294 \uc0c1\ud669)\uc774 \uc7ac\ubc1c\ud558\uba74 \uc774\ub7f0 \uc9c0\uc6d0\uc774 \ub418\ub3cc\ub824\uc9c8 \uc218 \uc788\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4. \ub610 \uc7ac\uc815\uc900\uce59(fiscal rules, \uc815\ubd80\uac00 \uc7ac\uc815\uc801\uc790\u00b7\uad6d\uac00\ubd80\ucc44\ub97c \uc77c\uc815 \ubc94\uc704 \uc548\uc5d0\uc11c \uad00\ub9ac\ud558\ub3c4\ub85d \uc815\ud55c \uaddc\uce59) \uac19\uc740 \uc0c8 \uac1c\ud601\uc740 \ud6a8\uacfc\uac00 \ub098\ud0c0\ub098\uae30\uae4c\uc9c0 \uc2dc\uac04\uc774 \uac78\ub9ac\uba70, \uae00\ub85c\ubc8c \uae08\uc735\uc5ec\uac74\uc774 \uc644\ud654\uc801(\uc790\uae08\uc870\ub2ec\uc774 \uc26c\uc6b4 \ud658\uacbd, \uc608: \ub0ae\uc740 \uae08\ub9ac\u00b7\ud48d\ubd80\ud55c \uc720\ub3d9\uc131)\uc77c \ub54c \ub354 \uc791\ub3d9\ud558\uae30 \uc27d\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4.\n\n\uc720\ub294 \ucd5c\uadfc \uc784\uae08 \ud569\uc758 \uc218\uc900\ub3c4 \uc5ec\uc804\ud788 \ub192\ub2e4\uace0 \ud588\ub2e4. \uadf8\ub294 \uc2dc\uc7a5\uc774 \uc6d0\uc790\uc7ac \ud22c\uc785\ube44\uc6a9(raw inputs, \uc0dd\uc0b0\uc5d0 \ub4e4\uc5b4\uac00\ub294 \uc6d0\uc7ac\ub8cc \uac00\uaca9)\uacfc \ub178\ub3d9\uacf5\uae09(labour supply, \uc77c\ud560 \uc218 \uc788\ub294 \uc778\ub825\uc758 \uaddc\ubaa8\u00b7\uac00\uc6a9\uc131)\uacfc \uad00\ub828\ub41c \uc704\ud5d8\uc744 \ubc18\uc601\ud558\uae30 \uc704\ud574 \ub354 \ub192\uc740 \uba85\ubaa9\uae08\ub9ac(nominal rates, \ubb3c\uac00\ub97c \ube7c\uc9c0 \uc54a\uc740 \u2018\ud45c\uba74 \uae08\ub9ac\u2019)\ub97c \uc694\uad6c\ud560 \uc218 \uc788\ub2e4\uace0 \ub9d0\ud588\ub2e4.\n\n\uadf8\ub294 \uc2e0\ud765\uad6d \ucc44\uad8c(EM fixed income, \uc2e0\ud765\uad6d \uad6d\ucc44\u00b7\ud68c\uc0ac\ucc44 \ub4f1 \uae08\ub9ac\ud615 \uc790\uc0b0) \uc804\ubc18\uc5d0\ub294 \uc5ec\uc804\ud788 \uae0d\uc815\uc801\uc774\ub2e4. \uadf8\ub7ec\ub098 \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00\uc0c1\uc2b9) \uc704\ud5d8\uc774 \ucee4\uc9c0\uace0 \uc911\uc559\uc740\ud589\uc774 \ub300\uc751\uc774 \ub2a6\ub2e4\uace0 \ud310\ub2e8\ub420 \uacbd\uc6b0, \ub0a8\uc544\uacf5 \ub79c\ub4dc\ud654\ub97c \ud3ec\ud568\ud55c \uc2e0\ud765\uad6d \ud1b5\ud654 \ub178\ucd9c(EM currency exposure, \ud658\uc728 \ubcc0\ub3d9\uc5d0 \ub530\ub978 \uc190\uc775 \uc704\ud5d8)\uc5d0 \ub300\ud574\uc11c\ub294 \ub354 \uc5c4\uaca9\ud55c \uc704\ud5d8\uad00\ub9ac(risk management, \uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \uad00\ub9ac)\uac00 \ud544\uc694\ud558\ub2e4\uace0 \ud588\ub2e4.\n\n\uc774 \uae30\uc0ac\ub294 AI \ub3c4\uad6c\ub85c \uc791\uc131\ub410\uace0 \ud3b8\uc9d1\uc790 \uac80\ud1a0\ub97c \uac70\ucce4\ub2e4. FXStreet \uc778\uc0ac\uc774\ud2b8 \ud300\uc774 \ubc1c\ud589\ud588\ub2e4.\n\n\uc9c0\ub09c 18\uac1c\uc6d4 \ub3d9\uc548 \uc6b0\ub9ac\ub294 \ub0a8\uc544\uacf5\uc5d0 \ub300\ud574 \ub300\uccb4\ub85c \uae0d\uc815\uc801 \uc2dc\uac01\uc744 \uc720\uc9c0\ud574 \uc654\ub2e4. \uc774\ub294 \uc8fc\ub85c \uad6d\ubbfc\ud1b5\ud569\uc815\ubd80 \uc544\ub798\uc5d0\uc11c \uc774\ub8ec \uad6c\uc870\uc801 \uc9c4\uc804\uc5d0 \uae30\ubc18\ud55c\ub2e4. \ub3cc\uc544\ubcf4\uba74 2025\ub144 \ub0b4\ub0b4 \ud615\uc131\ub41c \uc815\ucc45\uc758 \uc608\uce21 \uac00\ub2a5\uc131(\uc815\ucc45 \ubd88\ud655\uc2e4\uc131\uc774 \uc904\uc5b4\ub4e0 \uc0c1\ud0dc)\uc774 \ud22c\uc790\uc5d0 \uc548\uc815\uc801 \ud1a0\ub300\ub97c \uc81c\uacf5\ud588\ub2e4. \uc774\ub7f0 \uc815\uce58\uc801 \ud658\uacbd\uc740 \ub0a8\uc544\uacf5 \uc790\uc0b0(\uc8fc\uc2dd\u00b7\ucc44\uad8c\u00b7\ud1b5\ud654 \ub4f1)\uc5d0 \ub300\ud55c \uc6b0\ub9ac\uc758 \uac74\uc124\uc801(\uae0d\uc815\uc801) \uad00\uc810\uc744 \uacc4\uc18d \uc9c0\uc9c0\ud558\uace0 \uc788\ub2e4.\n\n\uc62c\ud574 \uccab \ub450 \ub2ec\uc758 \uc6d0\uc790\uc7ac \uac00\uaca9 \uc0c1\uc2b9\uc740 \ud070 \ud638\uc7ac\uc600\ub2e4. \ud575\uc2ec \uc218\ucd9c\ud488\uc778 \ubc31\uae08(platinum) \uac00\uaca9\uc774 12% \uc774\uc0c1 \uc624\ub974\uba70 \ubb34\uc5ed\uc218\uc9c0(trade balance, \uc218\ucd9c\u2013\uc218\uc785 \ucc28\uc774)\uac00 \uc77c\uc2dc\uc801 \ud751\uc790(surplus)\ub85c \uc804\ud658\ub410\ub2e4. \uc774\ub294 \ub79c\ub4dc\ud654\uc5d0 \uac15\ud55c \uc9c0\uc9c0 \uc694\uc778\uc774\uc5c8\uc9c0\ub9cc, \uc6b0\ub9ac\ub294 \uc774\ub97c \ucde8\uc57d\ud558\ub2e4\uace0 \ubcf8\ub2e4. \uae00\ub85c\ubc8c \uc5d0\ub108\uc9c0 \uc2dc\uc7a5\uc5d0 \uac11\uc791\uc2a4\ub7ec\uc6b4 \ucda9\uaca9(\uc608: \uc720\uac00 \uae09\ub4f1, \uacf5\uae09 \ucc28\uc9c8)\uc774 \ubc1c\uc0dd\ud558\uba74 \ud5a5\ud6c4 \uba87 \uc8fc \ub0b4 \uc774\ub7f0 \uc131\uacfc\uac00 \uc27d\uac8c \ub418\ub3cc\ub824\uc9c8 \uc218 \uc788\ub2e4.\n\n\ubb3c\uac00\uc0c1\uc2b9 \uc555\ub825\uc740 \ub354 \uc989\uac01\uc801\uc778 \uc6b0\ub824\ub85c \ub5a0\uc624\ub974\uace0 \uc788\uc73c\uba70, \ud1b5\ud654\uc5d0 \ub300\ud55c \uc6b0\ub9ac\uc758 \ub099\uad00\uc744 \uc57d\ud654\uc2dc\ud0a4\uace0 \uc788\ub2e4. \uc9c0\ub09c\uc8fc \ubc1c\ud45c\ub41c \uc9c0\ud45c\uc5d0\uc11c \uc18c\ube44\uc790\ubb3c\uac00\uc0c1\uc2b9\ub960(CPI, \uc18c\ube44\uc790\uac00 \uad6c\uc785\ud558\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \ud3c9\uade0 \ubcc0\ub3d9)\uc774 5.9%\ub85c \ub192\uc544\uc84c\ub294\ub370, \uc774\ub294 \ucd5c\uadfc \uacf5\uacf5\ubd80\ubb38 \uc784\uae08 \ud569\uc758\uac00 \ud3c9\uade0 7%\ub97c \uc6c3\ub3c8 \uc601\ud5a5\uc774 \ucef8\ub2e4. \uc2dc\uc7a5\uc740 \uc774\ub7f0 \uc704\ud5d8 \ud655\ub300\ub97c \ubcf4\uc0c1\ubc1b\uae30 \uc704\ud574 \ub354 \ub192\uc740 \uae08\ub9ac(interest rates, \uc911\uc559\uc740\ud589 \uae30\uc900\uae08\ub9ac \ubc0f \uc2dc\uc7a5\uae08\ub9ac)\ub97c \uc694\uad6c\ud558\uae30 \uc2dc\uc791\ud560 \uc218 \uc788\ub2e4.\n\n\ub530\ub77c\uc11c \ud30c\uc0dd\uc0c1\ud488(derivatives, \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ubcc0\ud558\ub294 \uacc4\uc57d) \uac70\ub798\uc790\ub294 \ub0a8\uc544\uacf5 \uc790\uc0b0\uc5d0 \ub300\ud55c \ud22c\uc790 \ud310\ub2e8\uacfc \ud1b5\ud654 \ub178\ucd9c\uc744 \ubd84\ub9ac\ud574 \uc811\uadfc\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uc6b0\ub9ac\ub294 \uc635\uc158(options, \uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0ac\uace0\ud314 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc73c\ub85c \ub79c\ub4dc\ud654 \uc57d\uc138\uc5d0 \ub300\ube44\ud558\ub294 \ud5e4\uc9c0(hedge, \uc704\ud5d8\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4 \uac70\ub798)\ub97c \uad8c\ud55c\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ub2ec\ub7ec\/\ub79c\ub4dc(USD\/ZAR) \ucf5c\uc635\uc158(call option, \ud2b9\uc815 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud574 ZAR \ud45c\uc2dc \uc790\uc0b0\uc758 \ud658\uc728 \uc190\uc2e4 \ud558\ubc29\uc744 \uc81c\ud55c\ud560 \uc218 \uc788\ub2e4. \uc774 \uc804\ub7b5\uc740 \ub0a8\uc544\uacf5\uc758 \uac1c\ud601 \uae30\ub300\uc5d0 \uacc4\uc18d \ucc38\uc5ec\ud558\uba74\uc11c\ub3c4 \uc678\ud658 \ubcc0\ub3d9\uc131(FX volatility, \ud658\uc728\uc774 \ud06c\uac8c \ud754\ub4e4\ub9ac\ub294 \ud604\uc0c1)\uc73c\ub85c\ubd80\ud130 \ud3ec\ud2b8\ud3f4\ub9ac\uc624(portfolio, \ubcf4\uc720\uc790\uc0b0 \ubb36\uc74c)\ub97c \ubcf4\ud638\ud55c\ub2e4.\n

\n\n

\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 – VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 \uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694 <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

BNY \u201c\ub0a8\uc544\uacf5 \uac1c\uc120\uc138\u201d\uc5d0\ub3c4 \ubcc0\uc218 \uc794\uc874\u2026\uad6c\uc870\uac1c\ud601\u00b7\uc6d0\uc790\uc7ac \ub7a0\ub9ac\ub85c \ub79c\ub4dc\u00b7\uad50\uc5ed\uc870\uac74 \uac1c\uc120. \ub2e4\ub9cc \uc5d0\ub108\uc9c0 \uc1fc\ud06c\u00b7\uc784\uae08\ubc1c \uc778\ud50c\ub808\ub85c \uae08\ub9ac\uc0c1\uc2b9 \uc555\ub825. \ucc44\uad8c \uae0d\uc815, \ud1b5\ud654\ub178\ucd9c\uc740 \uc635\uc158\ud5e4\uc9c0 \uad8c\uace0.<\/p>\n","protected":false},"author":87,"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-41888","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\/41888","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\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=41888"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/41888\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=41888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=41888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=41888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}