{"id":42331,"date":"2026-03-25T16:38:35","date_gmt":"2026-03-25T16:38:35","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/3%ec%9b%94-%eb%af%b8%ea%b5%ad-mba-%ec%a3%bc%ed%83%9d%eb%8b%b4%eb%b3%b4%eb%8c%80%ec%b6%9c-%ec%8b%a0%ec%b2%ad-10-9%e2%86%92-10-5%eb%a1%9c-%ec%86%8c%ed%8f%ad-%ea%b0%9c%ec%84%a0\/"},"modified":"2026-03-25T16:38:35","modified_gmt":"2026-03-25T16:38:35","slug":"3%ec%9b%94-%eb%af%b8%ea%b5%ad-mba-%ec%a3%bc%ed%83%9d%eb%8b%b4%eb%b3%b4%eb%8c%80%ec%b6%9c-%ec%8b%a0%ec%b2%ad-10-9%e2%86%92-10-5%eb%a1%9c-%ec%86%8c%ed%8f%ad-%ea%b0%9c%ec%84%a0","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/3%ec%9b%94-%eb%af%b8%ea%b5%ad-mba-%ec%a3%bc%ed%83%9d%eb%8b%b4%eb%b3%b4%eb%8c%80%ec%b6%9c-%ec%8b%a0%ec%b2%ad-10-9%e2%86%92-10-5%eb%a1%9c-%ec%86%8c%ed%8f%ad-%ea%b0%9c%ec%84%a0\/","title":{"rendered":"3\uc6d4 \ubbf8\uad6d MBA \uc8fc\ud0dd\ub2f4\ubcf4\ub300\ucd9c \uc2e0\uccad, -10.9%\u2192-10.5%\ub85c \uc18c\ud3ed \uac1c\uc120"},"content":{"rendered":"\ubbf8\uad6d MBA(\ubaa8\uae30\uc9c0\uc740\ud589\ud611\ud68c) \uc8fc\ud0dd\ub2f4\ubcf4\ub300\ucd9c(\ubaa8\uae30\uc9c0) \uc2e0\uccad \uac74\uc218\ub294 3\uc6d4 20\uc77c \uae30\uc900 -10.9%\uc5d0\uc11c -10.5%\ub85c \uc18c\ud3ed \uac1c\uc120\ub410\ub2e4. \ub2e4\ub9cc \uc804\uccb4\uc801\uc73c\ub85c \uc2e0\uccad\uc774 \uac10\uc18c\uc138\ub77c\ub294 \ud750\ub984\uc740 \uc720\uc9c0\ub410\ub2e4.\n\n\ubaa8\uae30\uc9c0 \uc2e0\uccad \uac10\uc18c\ud3ed\uc774 -10.9%\uc5d0\uc11c -10.5%\ub85c \uc904\uc5c8\ub2e4\uace0 \ud574\uc11c \uc8fc\ud0dd\uc2dc\uc7a5\uc774 \ud68c\ubcf5 \uad6d\uba74\uc5d0 \ub4e4\uc5b4\uc130\ub2e4\ub294 \uc2e0\ud638\ub85c \ubcf4\uae30\ub294 \uc5b4\ub835\ub2e4. \uae09\ub77d\uc774 \ub2e4\uc18c \uc644\ud654\ub41c \uc218\uc900\uc774\uba70, \uad6c\uc870\uc801\uc778(\uadfc\ubcf8\uc801\uc778) \uc57d\uc138\uac00 \uc9c0\uc18d\ub418\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud5a5\ud6c4 \uba87 \uc8fc \ub3d9\uc548 \uc8fc\ud0dd \uad00\ub828 \uc8fc\uc2dd\uc774 \ubc18\ub4f1\ud558\ub354\ub77c\ub3c4 \ub9e4\ub3c4 \uc555\ub825\uc5d0 \ubd80\ub52a\ud790 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4.\n\n<h3>\uae08\ub9ac, \uc8fc\uac70 \ubd80\ub2f4\uc758 \ud575\uc2ec \ubcc0\uc218\ub85c \uc9c0\uc18d<\/h3>\n\uc774\ubc88 \uc9c0\ud45c\ub9cc\uc73c\ub85c\ub294 \uc5f0\uc900(Fed\u00b7\ubbf8\uad6d \uc911\uc559\uc740\ud589)\uc758 \uc815\ucc45 \uacbd\ub85c\uac00 \ub2ec\ub77c\uc9c8 \uac00\ub2a5\uc131\uc740 \uc81c\ud55c\uc801\uc774\uba70, \uc8fc\ud0dd \uad6c\ub9e4 \ubd80\ub2f4(\uc8fc\uac70\ube44 \ubd80\ub2f4)\uc758 \ucd5c\ub300 \uc7a5\uc560\ubb3c\uc740 \uc5ec\uc804\ud788 \uae08\ub9ac\ub2e4. Fed funds futures(\uc5f0\ubc29\uae30\uae08\uae08\ub9ac \uc120\ubb3c\u00b7\uc815\ucc45\uae08\ub9ac \uc608\uc0c1\uce58\ub97c \ubc18\uc601\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488)\ub294 5\uc6d4 25bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8) \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc744 \uc57d 60%\ub85c \ubc18\uc601\ud558\uace0 \uc788\ub2e4. \uc774\ubc88 \ubcf4\uace0\uc11c\ub294 \uadf8 \uc804\ub9dd\uc744 \ubc14\uafc0 \ub9cc\ud07c \uac15\ud558\uc9c0 \uc54a\ub2e4. \ub530\ub77c\uc11c \ub192\uc740 \ucc28\uc785 \ube44\uc6a9(\ub300\ucd9c \uc774\uc790 \ubd80\ub2f4)\uc774 \uc8fc\ud0dd \uacbd\uae30\ub97c \uacc4\uc18d \ub204\ub97c \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4.\n\n\uac70\uc2dc \uc9c0\ud45c\ub3c4 \uc57d\uc138 \uc804\ub9dd\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4. \uc804\uad6d \uc8fc\ud0dd \uc7ac\uace0(\ub9e4\ubb3c)\ub294 \uc804\ub144 \ub300\ube44 18% \uc99d\uac00\ud55c \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4. \uacf5\uae09 \uc99d\uac00\uc5d0 \ub354\ud574, S&#038;P Case-Shiller(\uc8fc\ud0dd\uac00\uaca9\uc9c0\uc218\u00b7\ubbf8\uad6d \uc8fc\uc694 \uc9c0\uc5ed \uc8fc\ud0dd\uac00\uaca9 \ubcc0\ud654\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c) \ucd5c\uc2e0 \uc790\ub8cc\uc5d0\uc11c \uc8fc\ud0dd\uac00\uaca9\uc774 \uc804\ub144 \ub300\ube44 0.7% \ud558\ub77d\ud55c \uc810\uc740 \uc57d\uc138 \ub17c\ub9ac\ub97c \uac15\ud654\ud55c\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 \uc8fc\ud0dd \uac74\uc124\uc5c5\uccb4\uc640 \uad00\ub828 \uc0b0\uc5c5\uc774 \ub69c\ub837\ud55c \ubc18\ub4f1 \ub3d9\ub825\uc744 \ud655\ubcf4\ud558\uae30 \uc5b4\ub835\ub2e4.\n\n\ube44\uc2b7\ud55c \ubaa8\uc2b5\uc740 \uacfc\uac70\uc5d0\ub3c4 \uc788\uc5c8\ub2e4. \ud2b9\ud788 2025\ub144 \uac00\uc744\uc5d0\ub3c4 \uc2e0\uccad \uc9c0\ud45c\uac00 \uc18c\ud3ed \uac1c\uc120\ub410\ub2e4\uac00, \uace7 \uc8fc\ud0dd\uac74\uc124\uc8fc\uac00 \ub2e4\uc2dc \ud558\ub77d\ud55c \uc0ac\ub840\uac00 \uc788\ub2e4. \uc774\ub7f0 \ub9e5\ub77d\uc744 \uac10\uc548\ud558\uba74 \uc774\ubc88 \uc218\uce58\ub294 \uc2e0\uc911\ud558\uac8c \ud574\uc11d\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \ucd94\uc138 \uc804\ud658\uc758 \uc2dc\uc791\uc774\ub77c\uae30\ubcf4\ub2e4, \ud070 \ud558\ub77d \ucd94\uc138 \uc18d\uc758 \uc77c\uc2dc\uc801 \uc548\uc815\uc5d0 \uac00\uae4c\uc6b8 \uac00\ub2a5\uc131\uc774 \ub192\ub2e4.\n\n\ub610\ud55c XHB \uac19\uc740 \uc8fc\ud0dd\uac74\uc124 ETF(\uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc\u00b7\uc9c0\uc218\ub97c \ub530\ub77c\uac00\ub3c4\ub85d \uac70\ub798\uc18c\uc5d0 \uc0c1\uc7a5\ub41c \ud380\ub4dc)\uc758 implied volatility(\ub0b4\uc7ac\ubcc0\ub3d9\uc131\u00b7\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \ud5a5\ud6c4 \ubcc0\ub3d9\uc131 \uae30\ub300)\uac00 \ub192\uc740 \uc0c1\ud669\uc774\ub77c put(\ud48b\uc635\uc158\u00b7\uac00\uaca9 \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\ub294 \uc804\ub7b5\uc740 \ube44\uc6a9\uc774 \ud06c\ub2e4. \ub300\uc548\uc73c\ub85c\ub294 out-of-the-money(\uc678\uac00\uaca9\u00b7\ud604\uc7ac \uac00\uaca9\ubcf4\ub2e4 \ubd88\ub9ac\ud55c \ud589\uc0ac \uac00\uaca9)\uc758 call credit spreads(\ucf5c \ud06c\ub808\ub527 \uc2a4\ud504\ub808\ub4dc\u00b7\ucf5c\uc635\uc158\uc744 \ub9e4\ub3c4\ud558\uace0 \ub354 \ub192\uc740 \ud589\uc0ac\uac00\uc758 \ucf5c\uc635\uc158\uc744 \ub9e4\uc218\ud574 \ud504\ub9ac\ubbf8\uc5c4\uc744 \ubc1b\ub294 \uc804\ub7b5)\ub97c \ub9e4\ub3c4\ud558\ub294 \ubc29\uc2dd\uc774 \ub354 \ud6a8\uc728\uc801\uc77c \uc218 \uc788\ub2e4. \uae30\ucd08\uc790\uc0b0 ETF\uac00 \ud6a1\ubcf4\ud558\uac70\ub098 \ud558\ub77d\ud558\uba74 \uc218\uc775\uc774 \ub098\ub294 \uad6c\uc870\ub85c, \uc774\ubc88 \uc9c0\ud45c\uac00 \ub4b7\ubc1b\uce68\ud558\uc9c0 \uc54a\ub294 \ud070 \ud3ed\uc758 \uc0c1\uc2b9\uc744 \uc81c\ud55c\uc801\uc73c\ub85c \ubcf4\uba74\uc11c premium(\ud504\ub9ac\ubbf8\uc5c4\u00b7\uc635\uc158 \ub9e4\ub9e4 \ub300\uac00)\uc744 \ud655\ubcf4\ud560 \uc218 \uc788\ub2e4.\n\n<h3>\uc9c0\uc5ed\uc740\ud589, \ubaa8\uae30\uc9c0 \ub454\ud654\uc758 \uc5ed\ud48d<\/h3>\n\uae08\uc735\uc8fc\ub97c \ubcf4\ub294 \ud2b8\ub808\uc774\ub354\ub77c\uba74 KRE ETF(\ubbf8\uad6d \uc9c0\uc5ed\uc740\ud589 ETF)\ub85c \ub300\ud45c\ub418\ub294 \uc9c0\uc5ed\uc740\ud589\uc5d0 \ub300\ud55c \ud574\uc11d\ub3c4 \ubd80\uc815\uc801\uc774\ub2e4. \ubaa8\uae30\uc9c0 origination(\ub300\ucd9c \ucde8\uae09\u00b7\uc0c8\ub85c \ub300\ucd9c\uc744 \ub9cc\ub4e4\uc5b4 \ud310\ub9e4\/\uc2e4\ud589\ud558\ub294 \uacfc\uc815) \uc57d\uc138\uac00 \uc774\uc5b4\uc9c0\uba74 \uc774\uc775\uc5d0 \ubd80\ub2f4\uc774 \ub41c\ub2e4. KRE\uc5d0 \ub300\ud574 put debit spreads(\ud48b \ub370\ube57 \uc2a4\ud504\ub808\ub4dc\u00b7\ud48b\uc635\uc158\uc744 \ub9e4\uc218\ud558\uace0 \ub354 \ub0ae\uc740 \ud589\uc0ac\uac00\uc758 \ud48b\uc635\uc158\uc744 \ub9e4\ub3c4\ud574 \ube44\uc6a9\uc744 \uc9c0\ubd88\ud558\ub418 \uc190\uc2e4\uc744 \uc81c\ud55c\ud558\ub294 \uc804\ub7b5)\ub97c \ud65c\uc6a9\ud558\uba74, \uc190\uc2e4\uc744 \uc81c\ud55c(\uc815\ud574\uc9c4 \uc704\ud5d8)\ud558\uba74\uc11c \ucd94\uac00 \ud558\ub77d\uc5d0 \ub300\ube44\ud558\ub294 \ud3ec\uc9c0\uc158\uc774 \ub420 \uc218 \uc788\ub2e4.\n<p>\n\n<p><strong>\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 &#8211; VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 <a href=\"https:\/\/www.vtmarkets.com\/kr\/trade-now\/\">\uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694 <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>\u201c\ubaa8\uae30\uc9c0 \ubc14\ub2e5?\u201d \ucc29\uc2dc \uacbd\uacc4\u2026MBA \uc2e0\uccad \uac10\uc18c\ud3ed -10.9%\u2192-10.5%\uc9c0\ub9cc \uae08\ub9ac \ubd80\ub2f4 \uc9c0\uc18d. \uc7ac\uace0 18%\u2191\u00b7\uc9d1\uac12 -0.7%\ub85c \uc57d\uc138 \uac15\ud654, \uc8fc\ud0dd\uc8fc\u00b7\uc9c0\uc5ed\uc740\ud589 \ubc18\ub4f1\uc5d4 \ub9e4\ub3c4\uc555\ub825. \uc635\uc158\uc740 \ucf5c\ud06c\ub808\ub527\u00b7\ud48b\uc2a4\ud504\ub808\ub4dc.<\/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-42331","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\/42331","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=42331"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/42331\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=42331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=42331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=42331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}