{"id":44310,"date":"2026-04-10T07:31:44","date_gmt":"2026-04-10T07:31:44","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%af%b8%ea%b5%ad-4%ec%a3%bc%eb%ac%bc-%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0-3-56%eb%a1%9c-%ed%95%98%eb%9d%bd%ec%a7%81%ec%a0%84-3-62%ec%97%90%ec%84%9c-%eb%82%b4\/"},"modified":"2026-04-10T07:31:44","modified_gmt":"2026-04-10T07:31:44","slug":"%eb%af%b8%ea%b5%ad-4%ec%a3%bc%eb%ac%bc-%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0-3-56%eb%a1%9c-%ed%95%98%eb%9d%bd%ec%a7%81%ec%a0%84-3-62%ec%97%90%ec%84%9c-%eb%82%b4","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%af%b8%ea%b5%ad-4%ec%a3%bc%eb%ac%bc-%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0-3-56%eb%a1%9c-%ed%95%98%eb%9d%bd%ec%a7%81%ec%a0%84-3-62%ec%97%90%ec%84%9c-%eb%82%b4\/","title":{"rendered":"\ubbf8\uad6d 4\uc8fc\ubb3c \uad6d\ucc44 \uc785\ucc30 \uc218\uc775\ub960 3.56%\ub85c \ud558\ub77d\u2026\uc9c1\uc804 3.62%\uc5d0\uc11c \ub0b4\ub824"},"content":{"rendered":"

\ubbf8\uad6d\uc774 4\uc8fc\ubb3c(\uc57d 1\uac1c\uc6d4 \ub9cc\uae30) \uad6d\ucc44(Treasury bill\u00b7\ub2e8\uae30 \uad6d\ucc44) \uc785\ucc30\uc744 \uc2e4\uc2dc\ud588\ub2e4. \uc774\ubc88 \uc785\ucc30 \uae08\ub9ac\ub294 3.56%\ub85c, \uc9c1\uc804 \uc785\ucc30\uc758 3.62%\uc5d0\uc11c 0.06%\ud3ec\uc778\ud2b8 \ud558\ub77d\ud588\ub2e4.<\/p>\n

4\uc8fc\ubb3c \uad6d\ucc44\ub294 \ubbf8\uad6d \uc815\ubd80\uac00 \ubc1c\ud589\ud558\ub294 \ub9cc\uae30 1\uac1c\uc6d4 \uc548\ud30e\uc758 \ub2e8\uae30 \ucc44\uad8c\uc774\ub2e4. \uc785\ucc30 \uae08\ub9ac \ud558\ub77d\uc740 \ud22c\uc790\uc790\ub4e4\uc774 \ub354 \ub0ae\uc740 \uc774\uc790(\uc218\uc775\ub960)\ub97c \uac10\uc218\ud558\uace0\ub3c4 \uc548\uc804\ud55c \ubbf8\uad6d \uad6d\ucc44\ub97c \uc0ac\ub824\ub294 \uc218\uc694\uac00 \ub298\uc5c8\ub2e4\ub294 \ub73b\uc774\ub2e4.<\/p>\n

Signals Of A Flight To Safety<\/h3>\n

\ucd5c\uadfc 4\uc8fc\ubb3c \uc785\ucc30 \uae08\ub9ac \ud558\ub77d\uc740 \ud22c\uc790\uc790\ub4e4\uc758 \u2018\uc548\uc804\uc790\uc0b0 \uc120\ud638(Flight to Safety\u00b7\ubd88\uc548\ud560 \ub54c \uc704\ud5d8\uc790\uc0b0\uc744 \ud314\uace0 \uad6d\ucc44 \uac19\uc740 \uc548\uc804\uc790\uc0b0\uc73c\ub85c \uc774\ub3d9\ud558\ub294 \ud604\uc0c1)\u2019\uac00 \ub69c\ub837\ud574\uc84c\ub2e4\ub294 \uc2e0\ud638\ub85c \uc77d\ud78c\ub2e4. \uacbd\uae30 \uc804\ub9dd\uc5d0 \ub300\ud55c \ubd88\uc548\uc774 \ucee4\uc9c0\uba74\uc11c, \ud070\uc190 \ud22c\uc790\uc790\ub4e4\uc774 \uc218\uc775\ub960\uc744 \uc77c\ubd80 \ud3ec\uae30\ud558\uace0\ub3c4 \uc815\ubd80 \ubd80\ucc44(\uad6d\ucc44)\uc758 \uc548\uc804\uc131\uc744 \ud0dd\ud558\uace0 \uc788\ub2e4\ub294 \uc758\ubbf8\ub2e4. \uc9c0\ub09c\uc8fc \ubbf8\uad6d \ube44\ub18d\uc5c5 \uace0\uc6a9(Non-Farm Payrolls\u00b7\ub18d\uc5c5\uc744 \uc81c\uc678\ud55c \uace0\uc6a9\uc790 \uc99d\uac00 \uc218) \ubcf4\uace0\uc11c\uc5d0\uc11c \uc2e0\uaddc \uace0\uc6a9\uc774 9\ub9cc5000\uba85\uc73c\ub85c \uc2dc\uc7a5 \uc608\uc0c1(18\ub9cc\uba85)\uc744 \ud06c\uac8c \ubc11\ub3c8 \uc810\ub3c4 \uc774\ub7f0 \ubc29\uc5b4\uc801 \uc6c0\uc9c1\uc784\uc744 \ud0a4\uc6e0\uc744 \uac00\ub2a5\uc131\uc774 \uc788\ub2e4.<\/p>\n

\uc774\ub294 \uc2dc\uc7a5\uc774 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Federal Reserve\u00b7\ubbf8\uad6d \uc911\uc559\uc740\ud589)\uc758 \uae30\uc900\uae08\ub9ac \uc778\ud558\ub97c \uc774\uc804\ubcf4\ub2e4 \ub354 \uc774\ub978 \uc2dc\uc810\uc5d0 \ubc18\uc601\ud558\uae30 \uc2dc\uc791\ud588\ub2e4\ub294 \ud574\uc11d\uc73c\ub85c \uc774\uc5b4\uc9c4\ub2e4. 2025\ub144 \uc911\ubc18\uc5d0\ub294 \uc11c\ube44\uc2a4 \ubb3c\uac00 \uc0c1\uc2b9(services inflation\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc774 \uacc4\uc18d \uc624\ub974\ub294 \ud604\uc0c1) \ub54c\ubb38\uc5d0 \u2018\uace0\uae08\ub9ac\uac00 \uc624\ub798 \uac08 \uac83\u2019\uc5d0 \ucd08\uc810\uc774 \uc788\uc5c8\uc9c0\ub9cc, \ucd5c\uadfc \uadfc\uc6d0 CPI(core CPI\u00b7\ubcc0\ub3d9\uc774 \ud070 \uc2dd\ub8cc\ud488\u00b7\uc5d0\ub108\uc9c0\ub97c \uc81c\uc678\ud55c \ubb3c\uac00 \uc9c0\ud45c)\uac00 2.8%\ub85c \ub0b4\ub824\uc624\uba74\uc11c \ud1b5\ud654\uc815\ucc45 \uc644\ud654(\uc815\ucc45 \uae08\ub9ac \uc778\ud558 \ub4f1)\uc758 \uadfc\uac70\uac00 \ucee4\uc9c0\uace0 \uc788\ub2e4.<\/p>\n

\uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 \ubcc0\ub3d9\uc131(\uac00\uaca9\uc774 \ud06c\uac8c \ud754\ub4e4\ub9ac\ub294 \uc815\ub3c4) \ud655\ub300\uc5d0 \ub300\ube44\ud558\ub294 \uc804\ub7b5\uc774 \uac70\ub860\ub41c\ub2e4. VIX(VIX \uc9c0\uc218\u00b7S&P500 \uc635\uc158 \uac00\uaca9\uc73c\ub85c \uacc4\uc0b0\ud558\ub294 \ub300\ud45c\uc801\uc778 \uc2dc\uc7a5 \ubd88\uc548 \uc9c0\uc218)\uac00 \uc5ec\ub7ec \ud574(\ub2e4\ub144) \ub0ae\uc740 \uc218\uc900 \uadfc\ucc98\uc5d0 \uba38\ubb3c\uace0 \uc788\uc9c0\ub9cc, \ucc44\uad8c\uc2dc\uc7a5\uc758 \ubd88\ud655\uc2e4\uc131\uc740 \uc885\uc885 \uc8fc\uc2dd\uc2dc\uc7a5\uc758 \ubcc0\ub3d9\uc131 \uae09\ub4f1\uc5d0 \uc55e\uc11c \ub098\ud0c0\ub09c\ub2e4. \uc774\uc5d0 \ub530\ub77c VIX \ucf5c\uc635\uc158(\ud2b9\uc815 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc774\ub098 VIX \uc5f0\ub3d9 ETF(\uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc\u00b7\uc9c0\uc218\ub97c \ub530\ub77c \uc6c0\uc9c1\uc774\ub294 \ud380\ub4dc)\uc758 \ucf5c\uc635\uc158\uc744 \ud65c\uc6a9\ud574 \ud5a5\ud6c4 \uc8fc\uac00 \uc57d\uc138\uc5d0 \ub300\ube44\ud558\ub294 \ubc29\uc548\uc774 \uc5b8\uae09\ub41c\ub2e4.<\/p>\n

\ub2e8\uae30 \uae08\ub9ac \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \uc2dc\uac01\ub3c4 \uac15\ud574\uc9c4 \uc2e0\ud638\ub85c \ubcfc \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 SOFR \uc120\ubb3c(SOFR futures\u00b7\ubbf8\uad6d\uc758 \ub300\ud45c\uc801 \ub2f4\ubcf4\ubd80 \uc775\uc77c \uae08\ub9ac\uc778 SOFR\uc744 \uae30\uc900\uc73c\ub85c \ud55c \uae08\ub9ac \uc120\ubb3c)\uc740 \uc5f0\uc900\uc774 \uc5ec\ub984 \ubb34\ub835 \uae30\uc900\uae08\ub9ac\ub97c \ub0b4\ub9ac\uba74 \uac00\uaca9\uc5d0 \uc774\uc775\uc774 \ub0a0 \uc218 \uc788\ub294 \uc0c1\ud488\uc73c\ub85c \uac70\ub860\ub41c\ub2e4. \uc774\ub294 2025\ub144\uc5d0 \ucd94\uac00 \uae08\ub9ac \uc778\uc0c1 \uc704\ud5d8\uc744 \ub9c9\ub294 \ud5e4\uc9c0(hedge\u00b7\uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4 \uac70\ub798)\uc5d0 \ub354 \ubb34\uac8c\ub97c \ub450\ub358 \ubd84\uc704\uae30\uc640\ub294 \ub2e4\ub974\ub2e4.<\/p>\n

What Similar Episodes Have Signaled<\/h3>\n

\uacfc\uac70\uc5d0\ub3c4 \ub2e8\uae30 \uad6c\uac04(\uc218\uc775\ub960 \uace1\uc120\uc758 \u2018\uc9e7\uc740 \ub9cc\uae30\u2019 \uad6c\uac04)\uc774 \uc5f0\uc900\uc758 \uc815\ucc45 \ubcc0\ud654\ub97c \uba3c\uc800 \ubc18\uc601\ud55c \uc0ac\ub840\uac00 \uc788\uc5c8\ub2e4. \uc608\ucee8\ub300 2019\ub144 \uc5ec\ub984, \uc5f0\uc900\uc774 \uae08\ub9ac \uc778\ud558 \uc0ac\uc774\ud074(\uc5f0\uc18d\uc801\uc778 \uae08\ub9ac \uc778\ud558 \uad6d\uba74)\uc744 \uc2dc\uc791\ud558\uae30 \uc804\uc5d0 \ub2e8\uae30 \uae08\ub9ac\uac00 \uba3c\uc800 \ubc29\ud5a5\uc744 \ud2c0\uc5c8\ub2e4. \ucc44\uad8c\uc2dc\uc7a5\uc740 \uc815\ucc45\ubcf4\ub2e4 \uc55e\uc11c \uc6c0\uc9c1\uc774\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc544, \uc774\ub7f0 \ucd08\uae30 \uc2e0\ud638\ub97c \ubb34\uc2dc\ud558\uba74 \ube44\uc6a9\uc774 \ucee4\uc9c8 \uc218 \uc788\ub2e4. \uc2dc\uc7a5\uc758 \ud575\uc2ec \uc790\uae08(\uc2a4\ub9c8\ud2b8 \uba38\ub2c8\u00b7\uc815\ubcf4\uc640 \uc790\uae08\ub825\uc774 \ud070 \ud22c\uc790\uc790)\uc774 \uc774\ubbf8 \ud3ec\uc9c0\uc158\uc744 \ubc14\uafb8\uace0 \uc788\uc744 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.<\/p>\n

\uc8fc\uc2dd \uc635\uc158 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \ubcf4\ub2e4 \ubc29\uc5b4\uc801\uc778 \ub300\uc751\uc774 \uac70\ub860\ub41c\ub2e4. \uacbd\uae30 \ubbfc\uac10 \uc5c5\uc885 \ube44\uc911\uc774 \ud070 \uc9c0\uc218\uc5d0 \ud48b\uc635\uc158(\ud2b9\uc815 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud574 \uacbd\uae30 \ub454\ud654\uc5d0 \ub300\ube44\ud558\ub294 \ubc29\uc2dd\uc774\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ub098\uc2a4\ub2e5100(Nasdaq 100\u00b7\uae30\uc220\u00b7\uc131\uc7a5\uc8fc \ube44\uc911\uc774 \ud070 \uc9c0\uc218) \uac19\uc740 \uc131\uc7a5\uc8fc \uc911\uc2ec \uc9c0\uc218\ub294 \ub454\ud654 \uad6d\uba74\uc5d0\uc11c \ud0c0\uaca9\uc774 \ucee4\uc9c8 \uc218 \uc788\uc5b4 \ud5e4\uc9c0 \ub300\uc0c1\uc73c\ub85c \uac70\ub860\ub41c\ub2e4. \ub3d9\uc2dc\uc5d0 \uc804\ud1b5\uc801\uc73c\ub85c \ubc29\uc5b4\uc801\uc778 \uc139\ud130\ub85c \ud3c9\uac00\ubc1b\ub294 \uc720\ud2f8\ub9ac\ud2f0(utilities\u00b7\uc804\uae30\u00b7\uac00\uc2a4 \ub4f1 \uacf5\uacf5\uc694\uae08 \uae30\ubc18 \uc5c5\uc885)\uc640 \ud544\uc218\uc18c\ube44\uc7ac(consumer staples\u00b7\uacbd\uae30\uc640 \ubb34\uad00\ud558\uac8c \uc218\uc694\uac00 \ube44\uad50\uc801 \uc720\uc9c0\ub418\ub294 \uc0dd\ud65c\ud544\uc218\ud488 \uc5c5\uc885)\uc5d0\ub294 \ucf5c\uc635\uc158 \uc804\ub7b5\uc744 \uac80\ud1a0\ud560 \uc218 \uc788\ub2e4\ub294 \uc758\uacac\ub3c4 \ub098\uc628\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\ubbf8 4\uc8fc\ubb3c \uad6d\ucc44 \uc785\ucc30\uae08\ub9ac 3.56%\ub85c 0.06%p \ud558\ub77d, \uc548\uc804\uc790\uc0b0 \uc3e0\ub9bc \uac15\ud654. \uace0\uc6a9 \ubd80\uc9c4\u00b7\uadfc\uc6d0\ubb3c\uac00 \ub454\ud654\ub85c \uc870\uae30 \uae08\ub9ac\uc778\ud558 \uae30\ub300 \ud655\uc0b0, VIX\u00b7\uc635\uc158\u00b7SOFR \uc120\ubb3c \ud5e4\uc9c0 \ubd80\uac01.<\/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-44310","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\/44310","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=44310"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44310\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}