{"id":44374,"date":"2026-04-10T13:23:37","date_gmt":"2026-04-10T13:23:37","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/ubs-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-%ed%8f%b4-%eb%8f%84%eb%84%88%eb%b2%88-3%ec%9b%94-%eb%af%b8%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%a0%84\/"},"modified":"2026-04-10T13:23:37","modified_gmt":"2026-04-10T13:23:37","slug":"ubs-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-%ed%8f%b4-%eb%8f%84%eb%84%88%eb%b2%88-3%ec%9b%94-%eb%af%b8%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%a0%84","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/ubs-%ec%9d%b4%ec%bd%94%eb%85%b8%eb%af%b8%ec%8a%a4%ed%8a%b8-%ed%8f%b4-%eb%8f%84%eb%84%88%eb%b2%88-3%ec%9b%94-%eb%af%b8%ea%b5%ad-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%a0%84\/","title":{"rendered":"UBS \uc774\ucf54\ub178\ubbf8\uc2a4\ud2b8 \ud3f4 \ub3c4\ub108\ubc88 \u201c3\uc6d4 \ubbf8\uad6d \uc778\ud50c\ub808\uc774\uc158, \uc804\uc7c1 \ube44\uc6a9\uc774 \uc18c\ube44\uc790 \ubd80\ub2f4 \uac00\uc911\u2026\uad6c\ub9e4\ub825 \uc545\ud654\u201d"},"content":{"rendered":"

\ubbf8\uad6d 3\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00(CPI, Consumer Price Index\u00b7\uc18c\ube44\uc790\uac00 \uc790\uc8fc \uc0ac\ub294 \uc0c1\ud488\uacfc \uc11c\ube44\uc2a4 \uac00\uaca9 \ubcc0\ud654\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\ub294 \uc804\uc7c1\uc5d0 \ub530\ub978 \ube44\uc6a9 \ubd80\ub2f4\uacfc \uc0dd\ud65c\ube44 \uc555\ubc15\uc744 \uac00\ub2a0\ud558\ub294 \ub370 \ud65c\uc6a9\ub41c\ub2e4. \ub2e4\ub9cc \uc77c\ubd80 \ub370\uc774\ud130\ub294 \ubd80\uc815\ud655\ud560 \uc218 \uc788\ub2e4\ub294 \uc810\uc5d0 \uc720\uc758\ud574\uc57c \ud55c\ub2e4. \uc0dd\ud65c\ube44 \ubd80\ub2f4(affordability\u00b7\uac00\uacc4\uac00 \uccb4\uac10\ud558\ub294 \u2018\ubc84\ud2f8 \uc218 \uc788\ub294\u2019 \ubb3c\uac00 \uc218\uc900)\uc740 \uc0ac\ub78c\ub4e4\uc774 \ubb3c\uac00\ub97c \uc5b4\ub5bb\uac8c \ub290\ub07c\ub294\uc9c0\uc640 \ub9de\ubb3c\ub9b0\ub2e4.<\/p>\n

\ubb3c\uac00 \uccb4\uac10\uc740 \uc2dd\ub8cc\ud488\u00b7\uc5f0\ub8cc\ucc98\ub7fc \uc790\uc8fc \uc0ac\ub294 \ud488\ubaa9\uc758 \uc601\ud5a5\uc744 \uac00\uc7a5 \ud06c\uac8c \ubc1b\ub294\ub2e4. \uc0dd\ud65c\ube44 \ubd80\ub2f4\uc740 \uc815\uce58\uc5d0\ub3c4 \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\uc73c\uba70, \ubb38\uc81c\uac00 \uc2ec\uac01\ud574\uc9c8\uc218\ub85d \uc815\ubd80\uac00 \ub300\uc751\uc5d0 \ub098\uc124 \uac00\ub2a5\uc131\uc774 \ucee4\uc9c4\ub2e4.<\/p>\n

\ubb3c\uac00 \uccb4\uac10\uacfc \uc0dd\ud65c\ube44 \ubd80\ub2f4\uc758 \uc5f0\uacb0\uace0\ub9ac<\/h3>\n

\uac00\uacc4\uc758 \uc18c\ube44 \uc5ec\ub825(\uc18c\ube44\uc5d0 \uc4f8 \uc218 \uc788\ub294 \ub3c8\uc758 \uaddc\ubaa8)\ub3c4 \ud575\uc2ec\uc774\ub2e4. \uac00\uacc4\uac00 \uac00\uaca9 \uc0c1\uc2b9\uc5d0 \ub9de\ucd94\uae30 \uc704\ud574 \uc800\ucd95 \uc2b5\uad00\uc744 \ubc14\uafb8\ub294\uc9c0 \uc5ec\ubd80, \uc989 \ud604\uae08 \ud750\ub984(\uc218\uc785\uacfc \uc9c0\ucd9c\uc758 \ud750\ub984) \uad00\ub9ac \ubc29\uc2dd\uc774 \ub2ec\ub77c\uc9c8 \uc218 \uc788\ub2e4\ub294 \uc810\uc774 \ub17c\uc758\ub41c\ub2e4.<\/p>\n

2\uc6d4 \uac1c\uc778\uc18c\ube44\uc9c0\ucd9c \ubb3c\uac00\uc9c0\uc218(PCE \ub514\ud50c\ub808\uc774\ud130, Personal Consumption Expenditures Price Index Deflator\u00b7\ubbf8\uad6d \uc5f0\uc900\uc774 \ubb3c\uac00 \ud310\ub2e8\uc5d0 \uc911\uc2dc\ud558\ub294 \uc9c0\ud45c) \ubcf4\uace0\uc11c\ub294 \ubb3c\uac00 \uc555\ub825\uc774 \ud2b9\uc815 \ubd84\uc57c\uc5d0 \uc9d1\uc911\ub3fc \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900 \uc0ac\ub840\ub85c \uc5b8\uae09\ub41c\ub2e4. \uc774\ub294 \uc18c\ube44 \uc5ec\ub825 \uc804\ubc18\uc5d0 \ub300\ud55c \uc555\ubc15\uc744 \ub35c \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uac00\uad6c \uac00\uaca9\uc774 \ube60\ub974\uac8c \uc624\ub974\ub354\ub77c\ub3c4, \uc9c0\uae08 \uac00\uad6c\ub97c \uc0ac\ub294 \uc0ac\ub78c\uc5d0\uac8c \uc8fc\ub85c \uc601\ud5a5\uc744 \uc8fc\ub294 \uc2dd\uc774\ub2e4.<\/p>\n

3\uc6d4 CPI\ub294 \ud604\uc7ac \uc2dc\uc7a5\uc774 \uac00\uc7a5 \uc6b0\ub824\ud558\ub294 \uc9c0\uc810\uc774 \u2018\ubbf8\uad6d \uc18c\ube44\uc790\uc758 \uc0dd\ud65c\ube44 \ubd80\ub2f4\u2019\uc784\uc744 \ub2e4\uc2dc \ud655\uc778\uc2dc\ucf30\ub2e4. \uccb4\uac10 \ubb3c\uac00\ub294 \uc790\uc8fc \uc0ac\ub294 \ud488\ubaa9\uc774 \uc88c\uc6b0\ud558\ub294\ub370, \ubbf8\uad6d \ud718\ubc1c\uc720 \uc804\uad6d \ud3c9\uade0 \uac00\uaca9\uc774 \uac24\ub7f0\ub2f9 3.75\ub2ec\ub7ec\ub85c \uc9c0\ub09c\ub2ec \ub300\ube44 \uc57d 5% \uc62c\ub790\ub2e4. \uc774\ub85c \uc778\ud55c \uac00\uacc4 \uc608\uc0b0 \uc555\ubc15\uc744 \uac10\uc548\ud558\uba74, \uad11\ubc94\uc704\ud55c \uc18c\ube44 \uad00\ub828 \uc9c0\uc218\uc5d0 \ub300\ud55c \uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0ac\uace0\ud314 \uc218 \uc788\ub294 \uad8c\ub9ac) \uac70\ub798\ub294 \uc2e0\uc911\ud560 \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n

\uc815\uce58 \ub9ac\uc2a4\ud06c\uc640 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131<\/h3>\n

\uc0dd\ud65c\ube44 \ubb38\uc81c\ub294 \uc815\uce58\uc801\uc73c\ub85c \ub9e4\uc6b0 \ubbfc\uac10\ud558\ub2e4. \ud589\uc815\ubd80\uac00 \ub300\uc751\uc5d0 \ub098\uc124 \uac00\ub2a5\uc131\uc774 \ud06c\uace0, \uadf8 \uacfc\uc815\uc5d0\uc11c \uc2dc\uc7a5 \ubcc0\ub3d9\uc131(\uac00\uaca9\uc774 \ud06c\uac8c \ud754\ub4e4\ub9ac\ub294 \uc815\ub3c4)\uc774 \ucee4\uc9c8 \uc218 \uc788\ub2e4. \uc2dc\uce74\uace0\uc635\uc158\uac70\ub798\uc18c \ubcc0\ub3d9\uc131\uc9c0\uc218(VIX, CBOE Volatility Index\u00b7S&P500 \uc635\uc158 \uac00\uaca9\uc744 \ubc14\ud0d5\uc73c\ub85c \ud55c \u2018\uacf5\ud3ec\uc9c0\uc218\u2019)\uac00 \uc774\ubbf8 17\uae4c\uc9c0 \uc0c1\uc2b9\ud55c \uc0c1\ud669\uc5d0\uc11c, \ud2b8\ub808\uc774\ub354\ub294 \uc18c\ube44 \uad00\ub828 ETF(\uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc\u00b7\uc9c0\uc218\uc5d0 \uc5f0\ub3d9\ub3fc \uac70\ub798\ub418\ub294 \ud380\ub4dc)\uc5d0 \ub300\ud574 \uc2a4\ud2b8\ub798\ub4e4(straddle\u00b7\uac19\uc740 \ud589\uc0ac\uac00\u00b7\ub9cc\uae30\uc758 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218\ud574 \ud070 \ubc29\ud5a5\uc131 \uc6c0\uc9c1\uc784\uc5d0 \ubca0\ud305) \uac19\uc740 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc774\ub294 \uc815\ucc45 \ub274\uc2a4\ub85c \uc778\ud55c \uae09\uaca9\ud55c \ubcc0\ub3d9\uc5d0 \ub300\ube44\ud558\ub294 \ubaa9\uc801\uc774\ub2e4.<\/p>\n

\uc18c\ube44\uac00 \uacc4\uc18d \uc720\uc9c0\ub420 \uc218 \uc788\uc744\uc9c0\ub294 \ubd88\ud655\uc2e4\ud558\ub2e4. \ucd5c\uadfc \uac1c\uc778\uc800\ucd95\ub960(\uac00\uacc4 \uc18c\ub4dd \uc911 \uc800\ucd95 \ube44\uc911)\uc774 3.8%\ub85c \ub0b4\ub824\uac14\uae30 \ub54c\ubb38\uc774\ub2e4. \uc774\ub294 \uac00\uacc4\uac00 \ud544\uc218 \uc9c0\ucd9c\uc744 \uac10\ub2f9\ud558\ub824\uace0 \ud604\uae08 \uc5ec\ub825(\ube44\uc0c1\uc790\uae08)\uc744 \uc18c\uc9c4\ud558\uace0, \uc120\ud0dd\uc18c\ube44(\uc5c6\uc5b4\ub3c4 \ub418\ub294 \uc18c\ube44)\uc5d0 \uc4f8 \ub3c8\uc774 \uc904\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc774\uc5d0 \ub530\ub77c \ube44\ud544\uc218 \uc18c\ube44 \uc758\uc874\ub3c4\uac00 \ud070 \uc18c\ub9e4\uc5c5\uccb4\uc5d0 \ub300\ud55c \ud48b\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac) \uc804\ub7b5\uc744 \uac80\ud1a0\ud560 \uc2e0\ud638\ub85c \ubcf8\ub2e4.<\/p>\n

\ubb3c\uac00 \uc9c0\ud45c\ub97c \ub72f\uc5b4\ubcf4\uba74, \uac00\uaca9 \uc555\ub825\uc740 \uc11c\ube44\uc2a4\uc640 \uc8fc\uac70\uc5d0 \uc9d1\uc911\ub3fc \uc788\uace0 \ub0b4\uad6c\uc7ac(\uc624\ub798 \uc4f0\ub294 \uc7ac\ud654) \uac00\uaca9\uc740 \uc815\uccb4\ub3fc \uc788\ub2e4. 2025\ub144 \ucd08 \uac00\uad6c \uac00\uaca9\uc5d0\uc11c \ub098\ud0c0\ub0ac\ub358 \uac83\ucc98\ub7fc, \ubd88\uade0\ud615\ud55c \ubb3c\uac00 \ud750\ub984\uc740 \u2018\uc804\uccb4 \uc18c\ube44 \uc5c5\uc885\uc744 \ud1b5\uc9f8\ub85c\u2019 \ubcf4\uae30\ubcf4\ub2e4 \ubd84\uc57c\ubcc4\ub85c \uac70\ub798\ub97c \uc124\uacc4\ud558\uac8c \ub9cc\ub4e0\ub2e4. \uc989 \uc18c\ube44 \uc139\ud130 \uc804\uccb4\ub97c \uacf5\ub9e4\ub3c4(\uac00\uaca9 \ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \ub9e4\ub3c4)\ud558\uae30\ubcf4\ub2e4 \uc8fc\ud0dd \uac74\uc124\uc0ac(\ud648\ube4c\ub354)\ub098 \ub9ac\uce20(REITs, Real Estate Investment Trusts\u00b7\ubd80\ub3d9\uc0b0\uc5d0 \ud22c\uc790\ud574 \uc784\ub300\uc218\uc775 \ub4f1\uc744 \ubc30\ub2f9\ud558\ub294 \uc0c1\uc7a5\ud68c\uc0ac) \ucabd \uc57d\uc138 \ud3ec\uc9c0\uc158\uc774 \ub354 \ud6a8\uacfc\uc801\uc77c \uc218 \uc788\ub2e4\ub294 \ub73b\uc774\ub2e4.<\/p>\n

\uc774\ub7f0 \ud328\ud134\uc740 \uacfc\uac70\uc5d0\ub3c4 \ubc18\ubcf5\ub410\ub2e4. 2025\ub144 \ub0b4\ub0b4 \uc2dc\uc7a5 \ubc18\uc751\uc744 \ubcf4\uba74, \uc608\uc0c1 \ubc16\uc73c\ub85c \ub192\uc740 \ubb3c\uac00 \ubcf4\uace0\uc11c\uac00 \ub098\uc62c \ub54c\ub9c8\ub2e4 \uba3c\uc800 \uc18c\ube44\uc7ac \uc911 \uc120\ud0dd\uc18c\ube44 \uad00\ub828 \uc885\ubaa9\uc5d0\uc11c \uc870\uc815\uc774 \ub098\ud0c0\ub0ac\ub2e4. \uc608\ucee8\ub300 2025\ub144 4\uc6d4 \uace0\uc6a9\u00b7\ubb3c\uac00 \uc9c0\ud45c \ubc1c\ud45c \uc774\ud6c4 \uc774\ud2c0\uac04 \uc5c5\uc885 \uc804\ubc18\uc758 \uae09\ub77d\uc774 \uc788\uc5c8\ub2e4. \uc55e\uc73c\ub85c\ub3c4 \ubb3c\uac00\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub192\uac8c \ub098\uc624\ub294 \uacbd\uc6b0(\u2018\ub728\uac70\uc6b4\u2019 \ubb3c\uac00 \uc9c0\ud45c) \ube44\uc2b7\ud55c \uae09\ubc18\uc751\uc774 \ub098\uc62c \uc218 \uc788\uc73c\uba70, \uc635\uc158 \uac70\ub798\ub85c \uc774\ub7f0 \ub2e8\uae30 \uc6c0\uc9c1\uc784\uc744 \ud3ec\ucc29\ud560 \uc218 \uc788\ub2e4\ub294 \uad00\uce21\uc774\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c3\uc6d4 CPI, \uc9c4\uc9dc \ubcc0\uc218\ub294 \u2018\uccb4\uac10 \ubb3c\uac00\u2019\uc600\ub2e4.\u201d \ud718\ubc1c\uc720\u00b7\uc2dd\ub8cc\ud488\uc774 \uc0dd\ud65c\ube44 \ubd80\ub2f4 \ud0a4\uc6b0\uba70 \uc815\uce58\u00b7\uc815\ucc45 \ub9ac\uc2a4\ud06c \ucd09\ubc1c. VIX \uc0c1\uc2b9 \uc18d \uc18c\ube44 ETF \uc2a4\ud2b8\ub798\ub4e4, \uc120\ud0dd\uc18c\ube44\u00b7\uc8fc\uac70 \uc57d\uc138 \uc635\uc158 \uc804\ub7b5 \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-44374","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\/44374","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=44374"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44374\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}