{"id":44846,"date":"2026-04-16T20:53:06","date_gmt":"2026-04-16T20:53:06","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/dbs-%eb%9d%bc%eb%94%94%ec%b9%b4-%eb%9d%bc%ec%98%a4-%ec%9d%b8%eb%8f%84-%eb%b6%84%ec%9f%81-%ec%9d%b4%ed%9b%84-%ec%a7%80%ed%91%9c%ec%84%9c-%eb%8f%84%eb%a7%a4%eb%ac%bc%ea%b0%80-%ec%83%81%ec%8a%b9\/"},"modified":"2026-04-16T20:53:06","modified_gmt":"2026-04-16T20:53:06","slug":"dbs-%eb%9d%bc%eb%94%94%ec%b9%b4-%eb%9d%bc%ec%98%a4-%ec%9d%b8%eb%8f%84-%eb%b6%84%ec%9f%81-%ec%9d%b4%ed%9b%84-%ec%a7%80%ed%91%9c%ec%84%9c-%eb%8f%84%eb%a7%a4%eb%ac%bc%ea%b0%80-%ec%83%81%ec%8a%b9","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/dbs-%eb%9d%bc%eb%94%94%ec%b9%b4-%eb%9d%bc%ec%98%a4-%ec%9d%b8%eb%8f%84-%eb%b6%84%ec%9f%81-%ec%9d%b4%ed%9b%84-%ec%a7%80%ed%91%9c%ec%84%9c-%eb%8f%84%eb%a7%a4%eb%ac%bc%ea%b0%80-%ec%83%81%ec%8a%b9\/","title":{"rendered":"DBS \ub77c\ub514\uce74 \ub77c\uc624 \u201c\uc778\ub3c4 \ubd84\uc7c1 \uc774\ud6c4 \uc9c0\ud45c\uc11c \ub3c4\ub9e4\ubb3c\uac00 \uc0c1\uc2b9, \uc18c\ube44\uc790\ubb3c\uac00\ub3c4 \uc18c\ud3ed \ubc18\ub4f1\u2026WPI \ucd94\uac00 \uc0c1\uc2b9\uc138\u201d"},"content":{"rendered":"<p>\ubd84\uc7c1 \uc774\ud6c4 \uc778\ub3c4\uc5d0\uc11c \ub098\uc628 \ucd08\uae30 \uc9c0\ud45c\ub294 **\ub3c4\ub9e4\ubb3c\uac00 \uc0c1\uc2b9\ub960\uc774 \ub354 \uac15\ud574\uc9c0\uace0**, **\uc18c\ube44\uc790\ubb3c\uac00(CPI) \uc0c1\uc2b9\ub960\uc740 \uc18c\ud3ed \uc624\ub974\ub294** \ud750\ub984\uc744 \uac00\ub9ac\ud0a8\ub2e4. **\ub3c4\ub9e4\ubb3c\uac00\uc9c0\uc218(WPI\u00b7Wholesale Price Index)** \ub294 **\uc6d0\uc790\uc7ac \uac00\uaca9**\uacfc **\uc218\uc785 \ube44\uc6a9** \ubcc0\ud654\uc5d0 \ub354 \ubbfc\uac10\ud55c \uc9c0\ud45c\ub85c, **\uae30\uc800\ud6a8\uacfc(\uc804\ub144\ub3c4\uc758 \ub0ae\uac70\ub098 \ub192\uc740 \ubb3c\uac00 \uc218\uc900 \ub54c\ubb38\uc5d0 \uc62c\ud574 \uc0c1\uc2b9\ub960\uc774 \uc65c\uace1\ub418\ub294 \ud604\uc0c1)** \uc640 **\ub300\uc678 \uac00\uaca9 \uc555\ub825**\uc73c\ub85c \uc0c1\uc2b9\ud3ed\uc774 \ucee4\uc9c8 \uc804\ub9dd\uc774\ub2e4.<\/p>\n<p>\ub2e8\uae30\uc801\uc73c\ub85c\ub294 **\uac00\uaca9(\ubb3c\uac00) \uc601\ud5a5\uc774 \uc131\uc7a5(\uacbd\uae30) \uc601\ud5a5\ubcf4\ub2e4 \ub354 \ud074** \uac83\uc73c\ub85c \ubcf4\uc774\uba70, \uc774\ub294 \uc9c0\uc815\ud559\uc801 \uae34\uc7a5\uc774 \uc5bc\ub9c8\ub098 \uc624\ub798 \uc9c0\uc18d\ub418\ub294\uc9c0\uc5d0 \ub2ec\ub824 \uc788\ub2e4. 2026\ud68c\uacc4\uc5f0\ub3c4(FY26)\uc5d0\ub294 **\ubb34\uc5ed\uc218\uc9c0 \uc801\uc790 \ud655\ub300**\uac00 \uc788\uc5c8\uc9c0\ub9cc **\uc11c\ube44\uc2a4 \uc218\ucd9c(\uc608: IT\u00b7\ube44\uc988\ub2c8\uc2a4 \uc11c\ube44\uc2a4) \uacac\uc870**\uac00 \uc774\ub97c \uc77c\ubd80 \uc0c1\uc1c4\ud574, \uc5f0\uac04 **\uacbd\uc0c1\uc218\uc9c0 \uc801\uc790(\uc0c1\ud488\u00b7\uc11c\ube44\uc2a4\u00b7\uc18c\ub4dd\uc758 \ub300\uc678 \uac70\ub798\ub97c \ud569\uce5c \uc218\uc9c0)** \ub294 GDP \ub300\ube44 **-0.6~ -0.7%** \uc218\uc900\uc5d0 \uba38\ubb3c\ub800\ub2e4.<\/p>\n<h3>Bond Yields Outlook<\/h3>\n<p>\uc778\ub3c4 \uad6d\ucc44\uae08\ub9ac\ub294 \uc0c1\ubc18\ub41c \uc694\uc778\uc774 \ub9de\ubb3c\ub9ac\uba70 **\ubc15\uc2a4\uad8c** \ud750\ub984\uc774 \uc608\uc0c1\ub41c\ub2e4. \uc911\ub3d9 \uae34\uc7a5\uc774 \ucd94\uac00\ub85c \uc545\ud654\ub418\uc9c0 \uc54a\ub294\ub2e4\uba74 \uae08\ub9ac\ub294 **6.8~7.0%** \ubc94\uc704\uc5d0 \uba38\ubb3c \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4.<\/p>\n<p>\uc740\ud589\uad8c **\uc720\ub3d9\uc131(\uc2dc\uc7a5\uc5d0 \ud480\ub9b0 \uc790\uae08 \uc5ec\ub825)** \uc740 \ucda9\ubd84\ud55c \uac83\uc73c\ub85c \ud3c9\uac00\ub41c\ub2e4. \uc778\ub3c4\uc911\uc559\uc740\ud589(RBI)\uc740 **\ud589\uc815\uc801 \uc870\uce58(\uaddc\uc81c\u00b7\uc9c0\uce68 \ub4f1 \ube44\uc815\ud615 \uc218\ub2e8)** \ub97c \ud1b5\ud574 **\ub8e8\ud53c\ud654\uc758 \uc77c\ubc29\uc801 \uc57d\uc138(\ud658\uc728 \uae09\ub4f1)** \ub97c \uc5b5\uc81c\ud574 \uc654\uace0, USD\/INR\uc740 3\uc6d4\uc5d0 95.0 \ubd80\uadfc(\uc0ac\uc0c1 \ucd5c\uace0 \uc218\uc900 \uadfc\ucc98)\uae4c\uc9c0 \uac14\ub2e4\uac00 \uc774\ubc88 \uc8fc \uc911\ubc18 **93.00 \uc704**\uc5d0\uc11c \uc720\uc9c0\ub410\ub2e4. \uc774 \uacfc\uc815\uc5d0\uc11c **\ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc790\uae08 \ud750\ub984(\uc8fc\uc2dd\u00b7\ucc44\uad8c \ud22c\uc790\uc790\uae08 \uc720\uc785\u00b7\uc720\ucd9c)** \uc5d0\ub3c4 \uc601\ud5a5\uc774 \uc788\uc5c8\ub2e4\ub294 \ud3c9\uac00\uac00 \ub098\uc628\ub2e4.<\/p>\n<p>\ub2f9\uc7a5\uc758 \ud575\uc2ec \uc704\ud5d8\uc740 **\ub3c4\ub9e4\ubb3c\uac00\uac00 \uc18c\ube44\uc790\ubb3c\uac00\ubcf4\ub2e4 \ub354 \ube60\ub974\uac8c \uc624\ub974\ub294** \uc810\uc774\ub2e4. 2026\ub144 3\uc6d4 \ucd5c\uc2e0 \uc218\uce58\uc5d0\uc11c WPI\uac00 **5.8%**\ub85c \ub098\ud0c0\ub098 \uc774\ub7f0 \ud750\ub984\uc774 \ud655\uc778\ub410\ub2e4. 2025\ub144 \ucd08 \uc6d0\uc790\uc7ac \ucda9\uaca9 \ub54c\ub3c4 \ube44\uc2b7\ud55c \ud328\ud134\uc774 \uc788\uc5c8\ub358 \ub9cc\ud07c, \ubb3c\uac00 \uc0c1\ubc29 \uc555\ub825\uc740 \uc2e4\uc81c\ub85c \uc874\uc7ac\ud560 \uac00\ub2a5\uc131\uc774 \ud06c\ub2e4. \ub530\ub77c\uc11c **\uc624\ubc84\ub098\uc774\ud2b8 \uae08\ub9ac \uc2a4\uc651(OIS\u00b7Overnight Index Swap)** \uc744 \ud65c\uc6a9\ud574 **\ub2e8\uae30 \uae08\ub9ac \uc0c1\uc2b9\uc5d0 \ub300\ube44\ud55c \ud3ec\uc9c0\uc158**\uc744 \uad6c\ucd95\ud558\ub294 \uac83\uc774, \uc911\uc559\uc740\ud589\uc774 **\ub9e4\ud30c\uc801\uc73c\ub85c \ubcc0\ud560 \uac00\ub2a5\uc131(\ubb3c\uac00 \uc5b5\uc81c\ub97c \uc704\ud574 \uae08\ub9ac \uc778\uc0c1\u00b7\uae34\ucd95\uc744 \uc120\ud638\ud558\ub294 \uc131\ud5a5)** \uc5d0 \ub300\ud55c **\ud5e4\uc9c0(\uc704\ud5d8\ud68c\ud53c \uc7a5\uce58)** \uac00 \ub420 \uc218 \uc788\ub2e4.<\/p>\n<p>\ub2e8\uae30\uc801\uc73c\ub85c \uc778\ub3c4 \uad6d\ucc44\uae08\ub9ac\ub294 **6.8%~7.0%\uc758 \uc881\uc740 \ubc94\uc704**\uc5d0 \uac07\ud790 \uac83\uc73c\ub85c \ubcf8\ub2e4. 10\ub144\ubb3c \uae08\ub9ac\ub294 \ud604\uc7ac \uc774 \uad6c\uac04 \uc0c1\ub2e8\uc778 **6.95%** \ubd80\uadfc\uc73c\ub85c, 2025\ub144 4\ubd84\uae30\uc5d0 \uad00\ucc30\ub410\ub358 **\uc881\uc740 \ubc15\uc2a4\uad8c \ud6a1\ubcf4**\uc640 \uc720\uc0ac\ud558\ub2e4. \uc774\ub7f0 \uad6d\uba74\uc740 **\ubcc0\ub3d9\uc131\uc774 \ub0ae\uc744 \ub54c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5**\uc5d0 \uc720\ub9ac\ud558\ub2e4. \uc608\ub97c \ub4e4\uc5b4 10\ub144 \uad6d\ucc44\uc120\ubb3c\uc5d0\uc11c **\uc2a4\ud2b8\ub7ad\uae00 \ub9e4\ub3c4(selling strangles: \ud589\uc0ac\uac00\uac00 \ub2e4\ub978 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \ud314\uc544 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc744 \ubc1b\ub294 \uc804\ub7b5)** \ub85c **\ud504\ub9ac\ubbf8\uc5c4 \uc218\ucde8**\ub97c \ub178\ub9b4 \uc218 \uc788\ub2e4.<\/p>\n<h3>Currency And Reserves<\/h3>\n<p>\ud658\uc728 \uce21\uba74\uc5d0\uc11c RBI\ub294 USD\/INR \uc0c1\uc2b9\uc744 \uc801\uadf9\uc801\uc73c\ub85c \uc5b5\uc81c\ud574 **\ub8e8\ud53c\ud654 \uae09\ub77d**\uc744 \ub9c9\uace0 \uc788\ub2e4. \uc9c0\ub09c\ub2ec 95.00 \ubd80\uadfc\uc758 \ucd5c\uace0\uce58\uc5d0\uc11c **93.00 \uc218\uc900\uc73c\ub85c \ub0b4\ub824\uc624\uba74\uc11c**, **\ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility: \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc608\uc0c1 \ubcc0\ub3d9\uc131\u2019)** \uc774 \ub0ae\uc544\uc838 **\uc635\uc158 \uac00\uaca9\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \uc800\ub834**\ud574\uc84c\ub2e4. 2026\ub144 2\uc6d4 \uc778\ub3c4\uc758 **\uc678\ud658\ubcf4\uc720\uc561(\uc911\uc559\uc740\ud589\uc774 \ubcf4\uc720\ud55c \ub2ec\ub7ec \ub4f1 \uc678\ud654 \uc790\uc0b0)** \uc774 **6,550\uc5b5\ub2ec\ub7ec**\ub85c \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud55c \uc810\uc740, RBI\uac00 \uc774\ub7f0 \uc815\ucc45\uc744 \uc9c0\uc18d\ud560 \uc5ec\ub825\uc744 \ud0a4\uc6b4\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 **USD\/INR \ud48b\uc635\uc158(\ud658\uc728 \ud558\ub77d \uc2dc \uc774\uc775\uc774 \ub098\ub294 \uc635\uc158)** \ub9e4\uc218\uac00 **\uc704\ud5d8 \ub300\ube44 \uae30\ub300\uc218\uc775(\ub9ac\uc2a4\ud06c-\ub9ac\uc6cc\ub4dc)** \uce21\uba74\uc5d0\uc11c \uc720\ub9ac\ud560 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc778\ub3c4 \ubd84\uc7c1 \uc5ec\ud30c, \ubb3c\uac00\uac00 \uba3c\uc800 \ub6f4\ub2e4: WPI\uac00 CPI\ubcf4\ub2e4 \ube60\ub974\uac8c \uc0c1\uc2b9\ud558\uba70 \uae08\ub9ac\u00b7\ud658\uc728 \ubcc0\uc218 \ud0a4\uc6b4\ub2e4. \uad6d\ucc44\uae08\ub9ac\ub294 6.8~7.0% \ubc15\uc2a4\uad8c, RBI \uac1c\uc785\uc73c\ub85c \ub8e8\ud53c \uc548\uc815. OIS\u00b7\uc635\uc158 \uc804\ub7b5 \ubd80\uc0c1.<\/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-44846","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\/44846","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=44846"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44846\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44846"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44846"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}