{"id":43734,"date":"2026-03-31T12:37:06","date_gmt":"2026-03-31T12:37:06","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%9d%b4%ed%83%88%eb%a6%ac%ec%95%84-3%ec%9b%94-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98%ec%86%8c%eb%b9%84%ec%9e%90%eb%ac%bc%ea%b0%80-%ec%a0%84%eb%85%84-%eb%8c%80%eb%b9%84-1-7%eb%a1%9c\/"},"modified":"2026-03-31T12:37:06","modified_gmt":"2026-03-31T12:37:06","slug":"%ec%9d%b4%ed%83%88%eb%a6%ac%ec%95%84-3%ec%9b%94-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98%ec%86%8c%eb%b9%84%ec%9e%90%eb%ac%bc%ea%b0%80-%ec%a0%84%eb%85%84-%eb%8c%80%eb%b9%84-1-7%eb%a1%9c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%9d%b4%ed%83%88%eb%a6%ac%ec%95%84-3%ec%9b%94-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98%ec%86%8c%eb%b9%84%ec%9e%90%eb%ac%bc%ea%b0%80-%ec%a0%84%eb%85%84-%eb%8c%80%eb%b9%84-1-7%eb%a1%9c\/","title":{"rendered":"\uc774\ud0c8\ub9ac\uc544 3\uc6d4 \uc778\ud50c\ub808\uc774\uc158(\uc18c\ube44\uc790\ubb3c\uac00) \uc804\ub144 \ub300\ube44 1.7%\ub85c \uc0c1\uc2b9\u2026\uc9c1\uc804 1.5% \uc0c1\ud68c"},"content":{"rendered":"\uc774\ud0c8\ub9ac\uc544\uc758 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI\u00b7\uac00\uacc4\uac00 \uad6c\ub9e4\ud558\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9 \ubcc0\ud654\ub97c \ubcf4\uc5ec\uc8fc\ub294 \ub300\ud45c \ubb3c\uac00 \uc9c0\ud45c)\uac00 3\uc6d4\uc5d0 \uc804\ub144 \ub3d9\uc6d4 \ub300\ube44 1.7% \uc0c1\uc2b9\ud588\ub2e4. \uc9c1\uc804 \ubc1c\ud45c\uce58\ub294 1.5%\uc600\ub2e4.\n\n\uc774\ub294 \uc5f0\uac04 \uc18c\ube44\uc790\ubb3c\uac00 \uc0c1\uc2b9\ub960\uc774 \uc774\uc804 \uc218\uce58\ubcf4\ub2e4 0.2%\ud3ec\uc778\ud2b8 \ub192\uc544\uc84c\ub2e4\ub294 \ub73b\uc774\ub2e4.\n\n<h3>\uae08\ub9ac\uc640 \ucc44\uad8c\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5<\/h3>\n\uc774\ud0c8\ub9ac\uc544 \ubb3c\uac00\uac00 1.7%\ub85c \uc624\ub978 \uac83\uc740 \uc8fc\ubaa9\ud560 \ub9cc\ud55c \ubcc0\ud654\ub2e4. \uc774\ubc88 \uc9c0\ud45c\ub294 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB\u00b7\uc720\ub85c\uc874 \ud1b5\ud654\ub97c \ub2f4\ub2f9\ud558\ub294 \uc911\uc559\uc740\ud589)\uc774 \ud5a5\ud6c4 \uae30\uc900\uae08\ub9ac \uc778\ud558\uc5d0 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub97c \uc720\uc9c0\ud574\uc57c \ud55c\ub2e4\ub294 \uc555\ub825\uc744 \ud0a4\uc6b4\ub2e4. \ubc1c\ud45c \uc774\ud6c4 \uc774\ud0c8\ub9ac\uc544 10\ub144\ubb3c BTP(\uc774\ud0c8\ub9ac\uc544 \uad6d\ucc44) \uae08\ub9ac\ub294 3.90% \ubd80\uadfc\uc73c\ub85c \uc0c1\uc2b9\ud588\ub294\ub370, \uc774\ub294 \ucc28\uc785 \ube44\uc6a9(\ub300\ucd9c\u00b7\uad6d\ucc44 \ubc1c\ud589 \ube44\uc6a9)\uc758 \ucd94\uac00 \uc624\ub984\uc138\ub97c \uc2dc\uc0ac\ud560 \uc218 \uc788\ub2e4.\n\n\uc774\ubc88 \uc218\uce58\ub294 \ub2e8\ubc1c\uc131\uc774 \uc544\ub2c8\ub2e4. \uc720\ub85c\uc874 \uadfc\uc6d0\ubb3c\uac00(core inflation\u00b7\uc5d0\ub108\uc9c0\u00b7\uc2dd\ud488\ucc98\ub7fc \uac00\uaca9 \ubcc0\ub3d9\uc774 \ud070 \ud488\ubaa9\uc744 \uc81c\uc678\ud55c \ubb3c\uac00)\ub3c4 \ucd5c\uadfc 2.4%\ub85c, ECB \ubaa9\ud45c\uce58 2%\ub97c \uc5ec\uc804\ud788 \uc6c3\ub3c8\ub2e4. \uc774\ud0c8\ub9ac\uc544 \uc218\uce58\ub294 \ubb3c\uac00 \ub454\ud654(\ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158\u00b7\ubb3c\uac00 \uc0c1\uc2b9\ub960\uc774 \ub0ae\uc544\uc9c0\ub294 \uacfc\uc815)\uc758 \ub9c9\ubc14\uc9c0\uac00 \uc27d\uc9c0 \uc54a\ub2e4\ub294 \uc810\uc744 \uac15\ud654\ud55c\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc2dc\uc7a5\uc774 2\ubd84\uae30 \uae30\uc900\uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc744 \ubc18\uc601\ud574 \uc628 \ud750\ub984\ub3c4 \ud655\uc2e0\uc774 \uc57d\ud574\uc9c8 \uc218 \uc788\ub2e4.\n\n2025\ub144 \ubb3c\uac00 \uc9c0\ud45c \u2018\uc11c\ud504\ub77c\uc774\uc988\u2019(\uc2dc\uc7a5 \uc608\uc0c1\uacfc \ub2e4\ub978 \uacb0\uacfc) \ub54c\uc758 \ubc18\uc751\uc744 \uac10\uc548\ud558\uba74, \ucc44\uad8c(\uace0\uc815\uae08\ub9ac) \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc774 \ucee4\uc9c8 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4. \uc218\uc775\ub960 \uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub824\uba74 \ub3c5\uc77c \uad6d\ucc44(\ubd84\ud2b8\u00b7Bund) \ub610\ub294 \uc774\ud0c8\ub9ac\uc544 BTP \uc120\ubb3c(futures\u00b7\ubbf8\ub798\uc758 \ud2b9\uc815 \uc2dc\uc810\uc5d0 \uc815\ud574\uc9c4 \uac00\uaca9\uc73c\ub85c \uc0ac\uace0\ud30c\ub294 \uacc4\uc57d)\uc744 \ub9e4\ub3c4(\uc1fc\ud2b8\u00b7\uac00\uaca9 \ud558\ub77d\uc5d0 \ubca0\ud305)\ud558\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc774\ud0c8\ub9ac\uc544\uc640 \ub3c5\uc77c \uad6d\ucc44\uc758 \uc2a4\ud504\ub808\ub4dc(spread\u00b7\ub450 \uae08\ub9ac\uc758 \ucc28\uc774\ub85c, \uc704\ud5d8\uc744 \uac00\ub2a0\ud558\ub294 \uc9c0\ud45c)\ub294 \uc774\ub0a0 5bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8) \ud655\ub300\ub410\uace0 \ucd94\uac00 \ud655\ub300 \uac00\ub2a5\uc131\ub3c4 \uc788\ub2e4.\n\n\uc8fc\uc2dd\uc2dc\uc7a5\uc5d0\uc11c\ub294 \ubb3c\uac00\uac00 \uc27d\uac8c \uaebe\uc774\uc9c0 \uc54a\ub294 \ud750\ub984\uc774 \uc774\ud0c8\ub9ac\uc544 FTSE MIB \uc9c0\uc218\uc5d0 \ubd80\ub2f4\uc73c\ub85c \uc791\uc6a9\ud560 \uc218 \uc788\ub2e4. \uc774 \uc9c0\uc218\ub294 \uae08\ub9ac \ubcc0\ud654\uc5d0 \ubbfc\uac10\ud55c \uae08\uc735\u00b7\uc720\ud2f8\ub9ac\ud2f0(\uc804\uae30\u00b7\uac00\uc2a4 \ub4f1 \uacf5\uacf5\uc11c\ube44\uc2a4) \ube44\uc911\uc774 \ud070 \ud3b8\uc774\ub2e4. \uc9c0\uc218 \ud48b\uc635\uc158(put option\u00b7\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac\ub85c, \ud558\ub77d \uc704\ud5d8\uc744 \ubc29\uc5b4\ud558\ub294 \uc218\ub2e8) \ub9e4\uc218\ub294 \ud558\ub77d\uc5d0 \ub300\ube44\ud55c \ud5e4\uc9c0(hedge\u00b7\uc704\ud5d8\uc744 \uc904\uc774\uae30 \uc704\ud55c \uac70\ub798)\uac00 \ub420 \uc218 \uc788\ub2e4. \ud574\ub2f9 \uc635\uc158\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility\u00b7\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \ud5a5\ud6c4 \ubcc0\ub3d9\uc131 \uae30\ub300\uce58)\ub3c4 \uc774\ub0a0 \uc624\uc804 15%\uc5d0\uc11c 17%\ub85c \ub6f0\uc5b4, \uc2dc\uc7a5\uc774 \uc704\ud5d8\uc744 \ub354 \ubc18\uc601\ud558\uae30 \uc2dc\uc791\ud588\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4.\n\n<h3>\uc720\ub85c\ud654 \ubc18\uc751\uacfc \uc8fc\ubaa9 \uad6c\uac04<\/h3>\n\ud658\uc728 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ub2e4\ub978 \uc911\uc559\uc740\ud589\uc5d0 \ube44\ud574 ECB\uac00 \ub9e4\ud30c\uc801(hawkish\u00b7\ubb3c\uac00 \uc5b5\uc81c\ub97c \uc704\ud574 \uae08\ub9ac\ub97c \ub192\uac8c \uc720\uc9c0\ud558\ub824\ub294 \uc131\ud5a5)\uc77c\uc218\ub85d \uc720\ub85c\ud654\uc5d0 \uc6b0\ud638\uc801\uc774\ub2e4. EUR\/USD\ub294 \ubc1c\ud45c \uc774\ud6c4 \uba87 \uc2dc\uac04 \ub3d9\uc548 1.0850\uc5d0\uc11c 1.0910\uc73c\ub85c \uc0c1\uc2b9\ud588\ub2e4. \uc774\ud6c4 \uc720\ub85c\uc874 \uc9c0\ud45c\uac00 \ubb3c\uac00\uc758 \u2018\ub048\uc801\ud568\u2019(sticky inflation\u00b7\ubb3c\uac00\uac00 \uc798 \ub0b4\ub824\uc624\uc9c0 \uc54a\ub294 \ud604\uc0c1)\uc744 \ud655\uc778\ud574 \uc900\ub2e4\uba74, \ud5a5\ud6c4 \uba87 \uc8fc \ub0b4 1.10 \uc800\ud56d\uc120(resistance level\u00b7\uc0c1\uc2b9\uc774 \ub9c9\ud788\uae30 \uc26c\uc6b4 \uac00\uaca9\ub300) \uc2dc\ud5d8 \uac00\ub2a5\uc131\ub3c4 \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>\uc774\ud0c8\ub9ac\uc544 3\uc6d4 CPI 1.7%\ub85c \ubc18\ub4f1(\uc804\uc6d4 1.5%). \u2018\ub048\uc801\ud55c \ubb3c\uac00\u2019\uc5d0 ECB \uc778\ud558 \uc2e0\uc911\ub860 \uac15\ud654, BTP 10\ub144 \uae08\ub9ac 3.90%\u2191\u00b7\uc2a4\ud504\ub808\ub4dc \ud655\ub300, \uc720\ub85c\ub3c4 1.10 \uc2dc\ud5d8.<\/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-43734","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\/43734","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=43734"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/43734\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=43734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=43734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=43734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}