{"id":44156,"date":"2026-04-07T22:36:17","date_gmt":"2026-04-07T22:36:17","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/mufg%ec%9d%98-%eb%8d%b0%eb%a6%ad-%ed%95%a0%ed%8e%98%eb%8b%88-%ec%a4%91%eb%8f%99-%ea%b8%b4%ec%9e%a5-%ea%b3%a0%ec%a1%b0%eb%a1%9c-%eb%af%b8%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98\/"},"modified":"2026-04-07T22:36:17","modified_gmt":"2026-04-07T22:36:17","slug":"mufg%ec%9d%98-%eb%8d%b0%eb%a6%ad-%ed%95%a0%ed%8e%98%eb%8b%88-%ec%a4%91%eb%8f%99-%ea%b8%b4%ec%9e%a5-%ea%b3%a0%ec%a1%b0%eb%a1%9c-%eb%af%b8%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/mufg%ec%9d%98-%eb%8d%b0%eb%a6%ad-%ed%95%a0%ed%8e%98%eb%8b%88-%ec%a4%91%eb%8f%99-%ea%b8%b4%ec%9e%a5-%ea%b3%a0%ec%a1%b0%eb%a1%9c-%eb%af%b8%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98\/","title":{"rendered":"MUFG\uc758 \ub370\ub9ad \ud560\ud398\ub2c8 \u201c\uc911\ub3d9 \uae34\uc7a5 \uace0\uc870\ub85c \ubbf8\uad6d \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc774 \ucee4\uc9c0\uba70 3\uc6d4 CPI\ub97c \ub04c\uc5b4\uc62c\ub9ac\uace0 \uace0\uc6a9 \uc9c0\ud45c\ub294 \uc57d\ud654\u201d"},"content":{"rendered":"

\uc911\ub3d9 \ubd84\uc7c1\uacfc \uc5f0\uacc4\ub41c \uc720\uac00\u00b7\ud718\ubc1c\uc720 \uac00\uaca9 \uc0c1\uc2b9\uc774 \ubbf8\uad6d \ubb3c\uac00(\uc778\ud50c\ub808\uc774\uc158)\ub97c \uc790\uadf9\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. 3\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI) \ubc1c\ud45c\ub294 \uae08\uc694\uc77c\ub85c \uc608\uc815\ub3fc \uc788\ub2e4. \ud638\ub974\ubb34\uc988 \ud574\ud611(\uc911\ub3d9\uc758 \ud575\uc2ec \uc6d0\uc720 \uc218\uc1a1\ub85c) \ud1b5\uacfc \ubb3c\ub3d9\ub7c9\uc774 \ub298\uace0 \uc788\ub2e4\ub294 \ubcf4\ub3c4\ub3c4 \ub098\uc624\uba74\uc11c, \ub2e8\uae30\uc801\uc73c\ub85c\ub294 \uc6d0\uc720 \uac00\uaca9 \uc0c1\ub2e8\uc744 \uc81c\ud55c\ud560 \uc218 \uc788\ub2e4\ub294 \uad00\uce21\uc774 \uc81c\uae30\ub41c\ub2e4. \uc774\ub294 \uc120\ubb3c\uc2dc\uc7a5\uc5d0\uc11c \u2018\ubc31\uc6cc\ub370\uc774\uc158(\ub2e8\uae30\ubb3c \uac00\uaca9\uc774 \uc7a5\uae30\ubb3c\ubcf4\ub2e4 \ub192\uc740 \uad6c\uc870\ub85c, \ub2f9\uc7a5 \ubb3c\uac74\uc774 \ubd80\uc871\ud558\uac70\ub098 \uc218\uc694\uac00 \uac15\ud560 \ub54c \ub098\ud0c0\ub0a8)\u2019\uacfc\ub3c4 \uc5f0\uacb0\ub41c\ub2e4.<\/p>\n

\uc804\uc6d4 \ub300\ube44 CPI(\ud5e4\ub4dc\ub77c\uc778, \uc804\uccb4 \ubb3c\uac00)\ub294 2\uc6d4 0.3%\uc5d0\uc11c 3\uc6d4 1.0%\ub85c \uc0c1\uc2b9\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. \uc774\ub294 2022\ub144 6\uc6d4(\ub7ec\uc2dc\uc544\uc758 \uc6b0\ud06c\ub77c\uc774\ub098 \uce68\uacf5 \uc9c1\ud6c4) \uc774\ud6c4 \ucd5c\ub300 \uc6d4\uac04 \uc0c1\uc2b9\ud3ed\uc774 \ub41c\ub2e4.<\/p>\n

\uc11c\ube44\uc2a4\u00b7\uc5f0\ub8cc\uc5d0\uc11c \uc77d\ud788\ub294 \ubb3c\uac00 \uc2e0\ud638<\/h3>\n

ISM \uc11c\ube44\uc2a4\uc5c5 \uac00\uaca9\uc9c0\uc218(Prices Paid, \uc11c\ube44\uc2a4 \uae30\uc5c5\ub4e4\uc774 \uc9c0\ubd88\ud558\ub294 \ube44\uc6a9\uc758 \uccb4\uac10 \uc218\uc900\uc744 \ub098\ud0c0\ub0b4\ub294 \uc9c0\ud45c)\ub294 2\uc6d4 63.0\uc5d0\uc11c 3\uc6d4 70.7\ub85c \uc0c1\uc2b9\ud574 2022\ub144 10\uc6d4 \uc774\ud6c4 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub2e4. \ud55c \ub2ec \uc0c1\uc2b9\ud3ed\ub3c4 2012\ub144 \uc774\ud6c4 \ucd5c\ub300\ub2e4.<\/p>\n

AAA(\ubbf8\uad6d \uc790\ub3d9\ucc28\ud611\ud68c) \uae30\uc900 \uac24\ub7f0\ub2f9 \ud718\ubc1c\uc720 \uac00\uaca9\uc740 3\uc6d4\uc5d0 36.2% \uc0c1\uc2b9\ud588\uace0, 4\uc6d4 \ub4e4\uc5b4\uc11c\ub3c4 \ub9e4\uc77c \uc624\ub974\uace0 \uc788\ub2e4. ISM \uc11c\ube44\uc2a4\uc5c5 \uace0\uc6a9\uc9c0\ud45c\ub294 \uace0\uc6a9 \uc5ec\uac74 \uc57d\ud654\ub97c \uac00\ub2a0\ud558\ub294 \uc2e0\ud638\ub85c \uc5b8\uae09\ub41c\ub2e4.<\/p>\n

\uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c(FOMC, \ubbf8\uad6d \uc911\uc559\uc740\ud589\uc778 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4\uc758 \uae08\ub9ac \uacb0\uc815 \ud68c\uc758) 3\uc6d4 \ud68c\uc758\ub85d\uc740 \uc218\uc694\uc77c \uacf5\uac1c\ub420 \uc608\uc815\uc774\uba70, \ud5a5\ud6c4 \uc815\ucc45 \uacbd\ub85c\ub97c \ub450\uace0 \uc704\uc6d0\ub4e4 \uac04 \uc2dc\uac01\ucc28\uac00 \ub4dc\ub7ec\ub0a0 \uc218 \uc788\ub2e4. 2026\ub144 3\uc6d4\uc758 \uc810\ub3c4\ud45c(dot plot, FOMC \uc704\uc6d0\ub4e4\uc774 \uc608\uc0c1\ud558\ub294 \ud5a5\ud6c4 \uc815\ucc45\uae08\ub9ac \uc218\uc900\uc744 \uc810\uc73c\ub85c \ud45c\uc2dc\ud55c \uc790\ub8cc) \uc911\uac04\uac12\uc740 3.375%\ub85c, \uc62c\ud574 1\ud68c \uae08\ub9ac \uc778\ud558\ub97c \uc2dc\uc0ac\ud55c\ub2e4. \uc774\ub294 \ub178\ub3d9\uc2dc\uc7a5(\uace0\uc6a9\uc2dc\uc7a5) \uc57d\ud654\ub97c \uc804\uc81c\ub85c \ud55c \ud574\uc11d\uc774\ub2e4.<\/p>\n

\ud638\ub974\ubb34\uc988 \ud574\ud611\uc758 \uae34\uc7a5 \uc7ac\ud655\ub300\ub85c \uc11c\ubd80\ud14d\uc0ac\uc2a4\uc0b0\uc6d0\uc720(WTI) \uc120\ubb3c \uac00\uaca9\uc774 \ubc30\ub7f4\ub2f9 95\ub2ec\ub7ec\ub97c \uc6c3\ub3cc\uba70, \uc791\ub144 \ub9d0 \uc774\ud6c4 \uc720\uc9c0\ub418\uc9c0 \ubabb\ud588\ub358 \uc218\uc900\uc744 \ub2e4\uc2dc \ub118\uc5b4\uc130\ub2e4. \uc774\ub294 2025\ub144 \ubd04\uc758 \u2018\uc624\uc77c \uc1fc\ud06c(\uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1 \ucda9\uaca9)\u2019\uc640 \uc720\uc0ac\ud55c \uc591\uc0c1\uc73c\ub85c, \ub2f9\uc2dc \uc5f0\uc900\uc758 \uc815\ucc45 \uc6b4\uc6a9\uc744 \uc5b4\ub835\uac8c \ub9cc\ub4e4\uc5c8\ub2e4. \ub2e4\ub9cc \uc774\ubc88\uc5d0\ub294 \uc2dc\uc7a5\uc774 \u201c\uc5f0\uc900\uc774 \uc5d0\ub108\uc9c0\ubc1c \ubb3c\uac00 \uae09\ub4f1\uc744 \uc77c\uc2dc\uc801\uc774\ub77c\uace0 \ubcf4\uace0 \ub118\uc5b4\uac08 \uac83\u201d\uc774\ub77c\ub294 \ud655\uc2e0\uc774 \uc608\uc804\ubcf4\ub2e4 \uc57d\ud558\ub2e4\ub294 \uc810\uc774 \ucc28\uc774\ub85c \uaf3d\ud78c\ub2e4.<\/p>\n

\uc2dc\uc7a5 \ud3ec\uc9c0\uc154\ub2dd\uacfc \uc815\ucc45 \ub9ac\uc2a4\ud06c<\/h3>\n

2025\ub144\uc5d0\ub3c4 \ube44\uc2b7\ud55c \uc5d0\ub108\uc9c0 \uac00\uaca9 \uae09\ub4f1\uc73c\ub85c 3\uc6d4 CPI \uc804\uc6d4 \ub300\ube44 \uc218\uce58\uac00 \ud06c\uac8c \ub6f0\uc5c8\ub2e4. \ub530\ub77c\uc11c \ucd5c\uc2e0 EIA(\ubbf8 \uc5d0\ub108\uc9c0\uc815\ubcf4\uccad) \ub370\uc774\ud130 \uae30\uc900\uc73c\ub85c \ucd5c\uadfc \ud55c \ub2ec\uac04 \uc804\uad6d \ud718\ubc1c\uc720 \uac00\uaca9\uc774 \uc57d 15% \uc62c\ub77c \ud3c9\uade0 3.95\ub2ec\ub7ec\/\uac24\ub7f0\uc744 \uae30\ub85d\ud55c \ub9cc\ud07c, \uc774\ubc88 \uc8fc \ubc1c\ud45c\ub420 2026\ub144 3\uc6d4 CPI\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub192\uc740 \uc218\uce58(\u2018\ud56b \ud504\ub9b0\ud2b8\u2019, \uc2dc\uc7a5 \uc608\uc0c1\uce58\ub97c \uc6c3\ub3c4\ub294 \uac15\ud55c \uacb0\uacfc)\ub85c \ub098\uc62c \uac00\ub2a5\uc131\uc744 \uc5fc\ub450\uc5d0 \ub458 \ud544\uc694\uac00 \uc788\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc778\ud50c\ub808\uc774\uc158 \uc2a4\uc651(\ubbf8\ub798 \ubb3c\uac00\uc0c1\uc2b9\ub960\uc744 \uace0\uc815\uac12\uacfc \uad50\ud658\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488)\uc774\ub098 TIPS ETF \uc635\uc158(\ubb3c\uac00\uc5f0\ub3d9\uad6d\ucc44: TIPS\uc5d0 \ud22c\uc790\ud558\ub294 \uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc\uc758 \uc635\uc158)\uc73c\ub85c \uc0c1\ubc29 \uc11c\ud504\ub77c\uc774\uc988\uc5d0 \ub300\ube44\ud558\ub294 \uc804\ub7b5\uc774 \uac70\ub860\ub41c\ub2e4.<\/p>\n

\uc774\ub294 2025\ub144 \ub0b4\ub0b4 \uc5f0\uc900\uc774 \uacaa\uc5c8\ub358 \uac83\ucc98\ub7fc, \ubb3c\uac00\uc640 \ub454\ud654\ub418\ub294 \ub178\ub3d9\uc2dc\uc7a5 \uc2e0\ud638 \uc0ac\uc774\uc5d0\uc11c \uade0\ud615\uc744 \uc7a1\uae30 \uc5b4\ub835\uac8c \ub9cc\ub4e0\ub2e4. \uc5f0\uc900\uc758 \ub2e4\uc74c \uacb0\uc815\uc744 \uc55e\ub450\uace0 \ub0b4\uc7ac \ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \ud5a5\ud6c4 \ubcc0\ub3d9\uc131 \uae30\ub300)\uc774 \uc0c1\uc2b9\ud558\uace0 \uc788\uc73c\uba70, \ubcc0\ub3d9\uc131 \uc9c0\uc218(VIX, S&P500\uc758 \ubcc0\ub3d9\uc131 \uae30\ub300\ub97c \ub098\ud0c0\ub0b4\ub294 \uc9c0\ud45c)\ub294 \ucd5c\uadfc \uc62c\ud574 \ucc98\uc74c\uc73c\ub85c 18\uc744 \uc0c1\ud68c\ud588\ub2e4. \ud2b8\ub808\uc774\ub354\ub294 SPX(\ubbf8\uad6d S&P500 \uc9c0\uc218) \uc635\uc158\uc774\ub098 VIX \uc120\ubb3c \uc635\uc158\uc744 \ud65c\uc6a9\ud574 \ud558\ub77d \ubc29\uc5b4(\ubcf4\ud5d8) \ubaa9\uc801\uc758 \ud3ec\uc9c0\uc158\uc744 \uad6c\ucd95\ud558\uac70\ub098, \ubcc0\ub3d9\uc131 \ud655\ub300\uc5d0 \ubca0\ud305\ud558\ub294 \ubc29\uc548\uc744 \uac80\ud1a0\ud560 \uc218 \uc788\ub2e4.<\/p>\n

\uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9\uacfc \uacbd\uae30 \ub454\ud654\uac00 \ub3d9\uc2dc\uc5d0 \ub098\ud0c0\ub098\ub294 \uc0c1\ud669) \uc704\ud5d8\uc740 1\ub144\uc5ec \ub9cc\uc5d0 \ub354 \ub69c\ub837\ud574\uc84c\ub2e4. \ucd5c\uadfc ISM \uc11c\ube44\uc2a4\uc5c5 \uace0\uc6a9\uc9c0\uc218\ub294 \ub2e4\uc2dc \u2018\uc218\ucd95(\uacbd\uae30 \uc704\ucd95) \uad6c\uac04\u2019\uc73c\ub85c \ub0b4\ub824\uc654\ub294\ub370, \uc774\ub294 2025\ub144 \ubd04\uc5d0 \uad00\uce21\ub410\ub358 \ub454\ud654 \uc2e0\ud638\ub97c \ub5a0\uc62c\ub9ac\uac8c \ud55c\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc9c0\uc218 \ud48b\uc635\uc158(\uc9c0\uc218 \ud558\ub77d \uc2dc \uc774\uc775\uc774 \ub098\ub294 \uc635\uc158)\uc73c\ub85c \ud558\ubc29 \uc704\ud5d8\uc744 \uc77c\ubd80 \ud5e4\uc9c0(\uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4 \uc804\ub7b5)\ud558\ub294 \ud55c\ud3b8, \uc6d0\uc720 \uac00\uaca9 \uc0c1\uc2b9\uc758 \uc9c1\uc811 \uc218\ud61c\ub97c \ub178\ub824 \uc5d0\ub108\uc9c0 \uc139\ud130 ETF \ucf5c\uc635\uc158(\uc0c1\uc2b9 \uc2dc \uc774\uc775\uc774 \ub098\ub294 \uc635\uc158)\uc744 \ud568\uaed8 \uac80\ud1a0\ud558\ub294 \uc811\uadfc\uc774 \uc81c\uc2dc\ub41c\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\uc911\ub3d9 \ubd84\uc7c1\ubc1c \uc720\uac00\u00b7\ud718\ubc1c\uc720 \uae09\ub4f1\uc5d0 3\uc6d4 \ubbf8\uad6d CPI\uac00 \uc804\uc6d4 1.0% \u2018\ud56b \ud504\ub9b0\ud2b8\u2019 \uc6b0\ub824. \uc5f0\uc900\uc740 \uace0\uc6a9 \ub454\ud654\uc640 \ubb3c\uac00 \uc0ac\uc774 \ub51c\ub808\ub9c8, \ubcc0\ub3d9\uc131 \ud655\ub300\uc5d0 \ud5e4\uc9c0 \uc218\uc694 \uae09\uc99d.<\/p>\n","protected":false},"author":0,"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-44156","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\/44156","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"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=44156"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44156\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}