{"id":44605,"date":"2026-04-14T12:23:28","date_gmt":"2026-04-14T12:23:28","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%8a%a4%ed%8e%98%ec%9d%b8-3%ea%b0%9c%ec%9b%94%eb%ac%bc-%eb%a0%88%ed%8a%b8%eb%9d%bc%ec%8a%a4-%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0-2-111%eb%a1%9c-%ec%83%81%ec%8a%b9\/"},"modified":"2026-04-14T12:23:28","modified_gmt":"2026-04-14T12:23:28","slug":"%ec%8a%a4%ed%8e%98%ec%9d%b8-3%ea%b0%9c%ec%9b%94%eb%ac%bc-%eb%a0%88%ed%8a%b8%eb%9d%bc%ec%8a%a4-%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0-2-111%eb%a1%9c-%ec%83%81%ec%8a%b9","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%8a%a4%ed%8e%98%ec%9d%b8-3%ea%b0%9c%ec%9b%94%eb%ac%bc-%eb%a0%88%ed%8a%b8%eb%9d%bc%ec%8a%a4-%ea%b5%ad%ec%b1%84-%ec%9e%85%ec%b0%b0-%ec%88%98%ec%9d%b5%eb%a5%a0-2-111%eb%a1%9c-%ec%83%81%ec%8a%b9\/","title":{"rendered":"\uc2a4\ud398\uc778 3\uac1c\uc6d4\ubb3c \ub808\ud2b8\ub77c\uc2a4 \uad6d\ucc44 \uc785\ucc30 \uc218\uc775\ub960 2.111%\ub85c \uc0c1\uc2b9\u2026 \uc9c1\uc804 \ubc1c\ud589 1.964% \ub300\ube44\u2191"},"content":{"rendered":"<p>\uc2a4\ud398\uc778\uc758 3\uac1c\uc6d4\ubb3c \ub808\ud2b8\ub77c\uc2a4(Letras\u00b7\uad6d\uace0 \ub2e8\uae30\uc99d\uad8c) \uc785\ucc30 \uc218\uc775\ub960\uc774 2.111%\ub85c \uc62c\ub77c, \uc9c1\uc804 \uc785\ucc30\uc758 1.964%\uc5d0\uc11c \uc0c1\uc2b9\ud588\ub2e4.<\/p>\n<p>\uc774\ub294 \uba38\ub2c8\ub9c8\ucf13(\ub2e8\uae30 \uc790\uae08\uc2dc\uc7a5)\uc5d0\uc11c \uc2a4\ud398\uc778\uc758 \ub2e8\uae30 \uc790\uae08\uc870\ub2ec \ube44\uc6a9\uc774 \ub192\uc544\uc84c\ub2e4\ub294 \ub73b\uc774\ub2e4.<\/p>\n<h3>\uc2dc\uc7a5 \uac00\uaca9(\ud504\ub77c\uc774\uc2f1) \ubcc0\ud654<\/h3>\n<p>\uc2a4\ud398\uc778\uc758 \ub2e8\uae30 \uc870\ub2ec\uae08\ub9ac \uc0c1\uc2b9\uc740 \uc720\ub85c\uc874 \uc804\ubc18\uc5d0\uc11c \uae08\ub9ac\uac00 \ub354 \uc624\ub97c \uc218 \uc788\ub2e4\ub294 \uc6b0\ub824\uac00 \uc2dc\uc7a5\uc5d0 \ubc18\uc601\ub418\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \uc774\ub294 \uc720\ub85c\uc874\uc758 2026\ub144 3\uc6d4 \ubb3c\uac00\uc0c1\uc2b9\ub960(\uc778\ud50c\ub808\uc774\uc158) \uc218\uce58\uac00 \uc608\uc0c1\ubcf4\ub2e4 \uc62c\ub77c 2.8%\ub97c \uae30\ub85d\ud588\uace0, \uadfc\uc6d0\ubb3c\uac00(core inflation\u00b7\uc5d0\ub108\uc9c0\u00b7\uc2dd\ud488 \ub4f1 \ubcc0\ub3d9\uc131\uc774 \ud070 \ud488\ubaa9\uc744 \ube80 \ubb3c\uac00)\ub3c4 \uc27d\uac8c \uaebe\uc774\uc9c0 \uc54a\ub294 \u2018\ub048\uc801\ud55c\u2019 \ud750\ub984\uc744 \ubcf4\uc778 \ub370 \ub530\ub978 \ubc18\uc751\uc73c\ub85c \ud574\uc11d\ub41c\ub2e4. \uadf8 \uacb0\uacfc 2025\ub144 \ub9d0\uc5d0 \uae30\ub300\ud588\ub358 \uae08\ub9ac \uc778\ud558 \uc804\ub9dd\uc774 \uc57d\ud574\uc84c\ub2e4.<\/p>\n<p>\uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc740 2026\ub144 1\uc6d4 \uae08\ub9ac \uc778\uc0c1 \uc774\ud6c4 \uc608\uae08\uae08\ub9ac(Deposit facility rate\u00b7\uc740\ud589\uc774 ECB\uc5d0 \ud558\ub8e8\uc9dc\ub9ac(\ucd08\ub2e8\uae30)\ub85c \ub3c8\uc744 \ub9e1\uae38 \ub54c \ubc1b\ub294 \uae30\uc900\uae08\ub9ac)\ub97c 3.0%\ub85c \uc720\uc9c0\ud574 \uc654\uc9c0\ub9cc, \ubb3c\uac00 \uc7ac\uc0c1\uc2b9 \uc555\ub825\uc73c\ub85c \uc815\ucc45 \ubd80\ub2f4\uc774 \ucee4\uc84c\ub2e4. \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc62c\uc5ec\ub984 \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc744 \ube60\ub974\uac8c \ub0ae\ucd94\uace0 \uc788\ub2e4. \uc624\ubc84\ub098\uc774\ud2b8 \uc778\ub371\uc2a4 \uc2a4\uc651(OIS\u00b7\ud558\ub8e8\uc9dc\ub9ac \uae30\uc900\uae08\ub9ac\uc5d0 \uc5f0\ub3d9\ub41c \uc774\uc790\uc728 \uc2a4\uc651, \uc2dc\uc7a5\uc758 \uc815\ucc45\uae08\ub9ac \uae30\ub300\ub97c \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\uc740 9\uc6d4 \ud68c\uc758\uc5d0\uc11c \ucd94\uac00 \uae08\ub9ac \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 \uc57d 40%\ub85c \ubc18\uc601\ud558\uace0 \uc788\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud5a5\ud6c4 \uba87 \uc8fc \ub3d9\uc548 ECB \uc778\uc0ac\ub4e4\uc758 \ubc1c\uc5b8\uc774 \ub354 \ub9e4\ud30c\uc801(\uae34\ucd95 \uc120\ud638)\uc73c\ub85c \ub098\uc62c \uc218 \uc788\ub2e4.<\/p>\n<p>\uae08\ub9ac \ud30c\uc0dd\uc0c1\ud488(derivatives\u00b7\uae08\ub9ac \ubcc0\ub3d9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ub2ec\ub77c\uc9c0\ub294 \uacc4\uc57d)\uc744 \uac70\ub798\ud558\ub294 \ud22c\uc790\uc790\ub77c\uba74, \uc218\uc775\ub960\uace1\uc120(yield curve\u00b7\ub9cc\uae30\ubcc4 \uae08\ub9ac \uc218\uc900) \uc911 \ub2e8\uae30 \uad6c\uac04(front-end\u00b7\ub2e8\uae30\ubb3c \uad6c\uac04)\uc774 \ub354 \uac00\ud314\ub77c\uc9c0\ub294(\ub2e8\uae30 \uae08\ub9ac\uac00 \ub354 \ube60\ub974\uac8c \uc624\ub974\ub294) \ubc29\ud5a5\uc5d0 \ub300\ube44\ud558\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc720\ub9ac\ubcf4(Euribor\u00b7\uc720\ub85c\uc874 \uc740\ud589 \uac04 \ub300\ud45c \ub2e8\uae30\uae08\ub9ac) \uc120\ubb3c \uc911 2026\ub144 12\uc6d4\ubb3c\uc740 ECB\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub354 \uac15\ud558\uac8c \uae34\ucd95\ud558\uba74 \uac00\uaca9\uc774 \ub0b4\ub824\uac08 \uc218 \uc788\uc5b4, \ub9e4\ub3c4(\uc20f) \uc804\ub7b5\uc774 \uac00\ub2a5\ud558\ub2e4\ub294 \ud310\ub2e8\uc774\ub2e4. \ud604\uc7ac \ud750\ub984\uc744 \uac10\uc548\ud558\uba74 96.80 \uc774\uc0c1\uc5d0\uc11c \ub9e4\ub3c4\ud558\ub294 \uc811\uadfc\uc774 \uc720\ub9ac\ud574 \ubcf4\uc778\ub2e4.<\/p>\n<h3>\uc8fc\ubcc0\uad6d \uc2a4\ud504\ub808\ub4dc \uae30\ud68c<\/h3>\n<p>\uc774\ubc88 \ud750\ub984\uc740 \uad6d\ucc44 \uc2a4\ud504\ub808\ub4dc(sovereign spread\u00b7\uad6d\uac00 \uac04 \uad6d\ucc44 \uae08\ub9ac \ucc28\uc774)\ub3c4 \ub2e4\uc2dc \uc8fc\ubaa9\ud558\uac8c \ub9cc\ub4e0\ub2e4. \uc2a4\ud398\uc778\uacfc \ub3c5\uc77c\uc758 \ub2e8\uae30 \uad6d\ucc44 \uae08\ub9ac \uaca9\ucc28\uac00 \ubc8c\uc5b4\uc9c0\ub294 \ubaa8\uc2b5\uc740 \uad6d\ucc44 \uc120\ubb3c\uc744 \ud65c\uc6a9\ud55c \uac70\ub798 \uae30\ud68c\uac00 \ub420 \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ud398\uc5b4 \ud2b8\ub808\uc774\ub4dc(pair trade\u00b7\ub450 \uc0c1\ud488\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218\u00b7\ub9e4\ub3c4\ud574 \ucc28\uc774 \ubcc0\ud654\ub85c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5)\ub85c \ub3c5\uc77c \uc0e4\uce20(Schatz\u00b7\ub3c5\uc77c 2\ub144 \ub9cc\uae30 \uad6d\ucc44) \uc120\ubb3c\uc744 \ub9e4\uc218(\ub871)\ud558\uace0, \ub3d9\uc2dc\uc5d0 \uc2a4\ud398\uc778 \ubcf4\ub178(Bono\u00b7\uc2a4\ud398\uc778 \uad6d\ucc44) \uc120\ubb3c\uc744 \ub9e4\ub3c4(\uc20f)\ud558\uba74 \uc8fc\ubcc0\uad6d(\uc7ac\uc815 \ucde8\uc57d\uad6d) \ucc44\uad8c\uc2dc\uc7a5 \ubd88\uc548\uc774 \ucee4\uc9c8 \ub54c \uc218\uc775\uc744 \uae30\ub300\ud560 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc2a4\ud398\uc778 3\uac1c\uc6d4\ubb3c \ub808\ud2b8\ub77c\uc2a4 \uc218\uc775\ub960\uc774 2.111%\ub85c \uae09\ub4f1, \ub2e8\uae30 \uc870\ub2ec\ube44\uc6a9 \uc0c1\uc2b9 \uc2e0\ud638. \uc720\ub85c\uc874 \uc778\ud50c\ub808 \uc7ac\ubd80\uac01\uc5d0 \uc778\ud558 \uae30\ub300 \ud6c4\ud1f4, ECB 9\uc6d4 \ucd94\uac00 \uc778\uc0c1 \ud655\ub960 40% \ubc18\uc601. \ub2e8\uae30\ubb3c \uc20f\u00b7\uc2a4\ud504\ub808\ub4dc \uac70\ub798 \uc8fc\ubaa9.<\/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-44605","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\/44605","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=44605"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44605\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}