{"id":45279,"date":"2026-04-22T20:24:07","date_gmt":"2026-04-22T20:24:07","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%9d%bc%eb%b3%b4%eb%b1%85%ed%81%ac-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%93%a4-%ec%9d%b4%eb%9e%80-%eb%b6%84%ec%9f%81-%ec%9c%a0%eb%a1%9c%ec%a1%b4-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98\/"},"modified":"2026-04-22T20:24:07","modified_gmt":"2026-04-22T20:24:07","slug":"%eb%9d%bc%eb%b3%b4%eb%b1%85%ed%81%ac-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%93%a4-%ec%9d%b4%eb%9e%80-%eb%b6%84%ec%9f%81-%ec%9c%a0%eb%a1%9c%ec%a1%b4-%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\/%eb%9d%bc%eb%b3%b4%eb%b1%85%ed%81%ac-%ec%a0%84%eb%9e%b5%ea%b0%80%eb%93%a4-%ec%9d%b4%eb%9e%80-%eb%b6%84%ec%9f%81-%ec%9c%a0%eb%a1%9c%ec%a1%b4-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98\/","title":{"rendered":"\ub77c\ubcf4\ubc45\ud06c \uc804\ub7b5\uac00\ub4e4 \u201c\uc774\ub780 \ubd84\uc7c1, \uc720\ub85c\uc874 \uc778\ud50c\ub808\uc774\uc158 \ub04c\uc5b4\uc62c\ub9ac\uace0 GDP \ub0ae\ucdb0\u2026\uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158 \uc704\ud5d8 \ud655\ub300\u201d"},"content":{"rendered":"<p>\ub77c\ubcf4\ubc45\ud06c \uc804\ub7b5\uac00\ub4e4\uc740 \uc774\ub780 \uc804\uc7c1\uc73c\ub85c \uc720\ub85c\uc874\uc774 **\uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9\uacfc \uacbd\uae30 \ub454\ud654\uac00 \ub3d9\uc2dc\uc5d0 \ub098\ud0c0\ub098\ub294 \ud604\uc0c1)**\uc5d0 \uac00\uae4c\uc6cc\uc9c0\uace0 \uc788\ub2e4\uace0 \uc9c4\ub2e8\ud588\ub2e4. \uc774\ub4e4\uc740 \uc804\uc7c1 \uc774\uc804 \uc804\ub9dd\uacfc \ube44\uad50\ud574 \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00\uc0c1\uc2b9\ub960)\uc774 **2027\ub144\uae4c\uc9c0 \ub354 \ub192\uc740 \uc218\uc900**\uc744 \uc720\uc9c0\ud560 \uac83\uc73c\ub85c \ubd24\ub2e4. \ubc18\uba74 \uc131\uc7a5\ub960\uc740 **2026\ub144\uc5d0 \uae09\uaca9\ud788 \ub454\ud654**\ud55c \ub4a4, \uc815\ubd80 \uc9c0\uc6d0\uc774 \uc788\ub354\ub77c\ub3c4 **2027\ub144 \ud68c\ubcf5\uc740 \uc81c\ud55c\uc801**\uc77c \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4.<\/p>\n<p>\uc720\ub85c\uc874\uc740 **\uc5d0\ub108\uc9c0 \uc21c\uc218\uc785\uad6d**\uc774\uc5b4\uc11c \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc5d0 \ucde8\uc57d\ud558\ub2e4. \uc774\ub294 **\uad50\uc5ed\uc870\uac74(\uc218\ucd9c\ub85c \uc0b4 \uc218 \uc788\ub294 \uc218\uc785\uc758 \uc591\uc744 \ub098\ud0c0\ub0b4\ub294 \uc9c0\ud45c)**\uc744 \uc545\ud654\uc2dc\ud0a8\ub2e4. \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \uc624\ub974\uba74 \uc2e4\uc9c8\uc18c\ub4dd(\ubb3c\uac00\ub97c \ubc18\uc601\ud55c \uc2e4\uc81c \uad6c\ub9e4\ub825)\uc774 \uc904\uc5b4 \uc18c\ube44\uc640 \ud22c\uc790\uac00 \uc704\ucd95\ub420 \uc218 \uc788\uace0, \uae30\uc5c5 \ub9c8\uc9c4(\uc218\uc775\uc131)\uc744 \uc555\ubc15\ud558\uba70, \uc2ec\ub9ac\ub97c \uc545\ud654\uc2dc\ud0a8\ub2e4. \ud55c\ud3b8 \ubcf4\uc870\uae08\u00b7\uc9c0\uc6d0\ucc45\uc740 \uc7ac\uc815(\uc815\ubd80\uc758 \uc9c0\ucd9c\uacfc \ubd80\ucc44) \ubd80\ub2f4\uc744 \ud0a4\uc6b8 \uc218 \uc788\ub2e4.<\/p>\n<h3>\uae08\ub9ac\u00b7\ubb3c\uac00\u00b7\uc131\uc7a5 \uc804\ub9dd<\/h3>\n<p>\uc704\ud5d8 \ud504\ub9ac\ubbf8\uc5c4(\ubd88\ud655\uc2e4\uc131\uc5d0 \ub300\ud55c \ucd94\uac00 \ubcf4\uc0c1)\uacfc \uc778\ud50c\ub808\uc774\uc158 \ud504\ub9ac\ubbf8\uc5c4(\ubb3c\uac00 \uc0c1\uc2b9 \uc704\ud5d8\uc5d0 \ub300\ud55c \ucd94\uac00 \uae08\ub9ac), \uadf8\ub9ac\uace0 \uc815\ucc45\uae08\ub9ac \uc778\uc0c1 \uae30\ub300\uac00 \uacb9\uce58\uba70 \uc7a5\uae30\uae08\ub9ac\uac00 \uc0c1\uc2b9\ud588\uace0, \uc774\ub294 \ud22c\uc790\uc5d0 \ubd80\ub2f4\uc774 \ub420 \uc218 \uc788\ub2e4. \ub77c\ubcf4\ubc45\ud06c\ub294 \uc62c\ud574 **\uc815\ucc45\uae08\ub9ac 1\ud68c \uc778\uc0c1**\uc744 \uac00\uc815\ud558\uc9c0\ub9cc \uc2dc\uc7a5\uc740 **2\ud68c \uc778\uc0c1**\uc744 \ubc18\uc601\ud558\uace0 \uc788\uc73c\uba70, **10\ub144 \ub9cc\uae30 \uc720\ub85c \uc2a4\uc651 \uae08\ub9ac(EUR swap rate: \uace0\uc815\uae08\ub9ac\uc640 \ubcc0\ub3d9\uae08\ub9ac\ub97c \uad50\ud658\ud558\ub294 \uae08\ub9ac \ud30c\uc0dd\uc0c1\ud488\uc758 \uae30\uc900\uae08\ub9ac)**\ub294 2\uc6d4 \ub9d0 \uc774\ud6c4 \uc57d **30bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8, 0.01%\ud3ec\uc778\ud2b8)** \uc62c\ub790\ub2e4.<\/p>\n<p>\ud604\uc7ac \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc804\ub9dd\uc744 \uc801\uc6a9\ud558\uba74, \uc778\ud50c\ub808\uc774\uc158\uc740 **2026\ub144 \ud3c9\uade0 3.1%**, **2027\ub144 2.5%**\ub85c \uc608\uc0c1\ub41c\ub2e4. \ub204\uc801 \uae30\uc900\uc73c\ub85c\ub294 \uae30\uc874 \uc804\ub9dd\ubcf4\ub2e4 **1.7%\ud3ec\uc778\ud2b8** \ub192\ub2e4. \uc131\uc7a5\ub960\uc740 **2025\ub144 1.5%**, **\uc62c\ud574 0.6%**, **\ub0b4\ub144 0.9%**\ub85c \uc81c\uc2dc\ub410\ub2e4.<\/p>\n<p>\ub77c\ubcf4\ubc45\ud06c\ub294 \ud574\ud611(\uc8fc\uc694 \ud574\uc0c1 \uc218\uc1a1\ub85c) \uc7ac\uac1c\uc640 \uc5d0\ub108\uc9c0 \ud750\ub984 \uc815\uc0c1\ud654\uac00 \ube68\ub77c\uc9c0\ub294 \u2018\uc644\ud654 \uc2dc\ub098\ub9ac\uc624\u2019\ub294 \uac00\ub2a5\uc131\uc774 \ub0ae\uc544\uc84c\ub2e4\uace0 \ubd24\uace0, \ub354 \ub098\uc05c \uc2dc\ub098\ub9ac\uc624\ub294 \uc5ec\uc804\ud788 \uac00\ub2a5\ud558\ub2e4\uace0 \uacbd\uace0\ud588\ub2e4. \uc704\ud5d8 \uc694\uc778\uc73c\ub85c\ub294 \uc218\uc694 \ud30c\uad34(\uac00\uaca9 \uc0c1\uc2b9\uc73c\ub85c \uc218\uc694\uac00 \uae09\uac10\ud558\ub294 \ud604\uc0c1), \ud0c8\uc0b0\uc5c5\ud654(\uc81c\uc870\uc5c5 \uae30\ubc18 \uc57d\ud654), \uadf8\ub9ac\uace0 \uc2e0\uc6a9\u00b7\uad6d\ucc44 \uc704\ud5d8 \ud504\ub9ac\ubbf8\uc5c4 \ud655\ub300\ub97c \ub4e4\uc5c8\ub2e4.<\/p>\n<p>\uc720\ub85c\uc874\uc740 \uac78\ud504 \uc9c0\uc5ed \ubd84\uc7c1\uc774 \uc774\uc5b4\uc9c0\uba70 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158 \ucda9\uaca9\uc5d0 \uc9c1\uba74\ud574 \uc788\ub2e4. \uc8fc\uc694 \uc5d0\ub108\uc9c0 \uc218\uc785 \uc9c0\uc5ed\uc778 \ub9cc\ud07c \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc774 \uc9c1\uc811\uc801\uc778 \ubd80\ub2f4\uc774\ub2e4. \ube0c\ub80c\ud2b8\uc720 \uc120\ubb3c(\ubbf8\ub798 \uc778\ub3c4 \uc870\uac74\uc73c\ub85c \uac70\ub798\ub418\ub294 \ube0c\ub80c\ud2b8\uc720 \uacc4\uc57d)\uc740 \ubc30\ub7f4\ub2f9 **115\ub2ec\ub7ec \uc774\uc0c1**\uc5d0\uc11c \uc720\uc9c0\ub418\uace0 \uc788\uc73c\uba70, \uc774\ub294 \uc57d 2\ub144 \ub9cc\uc758 \ub192\uc740 \uc218\uc900\uc774\ub2e4. \uc774\ub294 \ubb3c\uac00 \uc804\ub9dd\uc744 \ub04c\uc5b4\uc62c\ub9ac\ub294 \ub3d9\uc2dc\uc5d0 \uac00\uacc4 \ubd80\ub2f4\uacfc \uae30\uc5c5 \ud22c\uc790 \uc704\ucd95\uc744 \ud1b5\ud574 \uc131\uc7a5\uc5d0 \uc81c\ub3d9\uc744 \uac74\ub2e4.<\/p>\n<h3>\uac70\ub798 \ubc0f \ud5e4\uc9c0(\uc704\ud5d8\ud68c\ud53c) \uace0\ub824\uc0ac\ud56d<\/h3>\n<p>\uc720\ub85c\uc2a4\ud0c0\ud2b8\uac00 \ubc1c\ud45c\ud55c 3\uc6d4 \ubb3c\uac00 \uc9c0\ud45c\ub294 **3.4%\ub85c \uc608\uc0c1 \ubc16 \uc0c1\uc2b9**\uc744 \ubcf4\uc774\uba70, 2026\ub144 \ubb3c\uac00\uac00 **\uc5f0\ud3c9\uade0 3% \uc774\uc0c1**\uc77c \uc218 \uc788\ub2e4\ub294 \uc804\ub9dd\uc744 \ud0a4\uc6e0\ub2e4. \uc774\ub294 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc744 \uc5b4\ub835\uac8c \ub9cc\ub4e0\ub2e4. **\uacbd\uae30\uac00 \uc57d\ud574\uc9c0\ub294 \uad6d\uba74\uc5d0\uc11c \uae08\ub9ac\ub97c \uc62c\ub824\uc57c \ud558\ub294 \uc0c1\ud669**\uc774 \ub420 \uc218 \uc788\uc5b4 2022\ub144 \uae08\ub9ac \uc778\uc0c1 \uad6d\uba74\uc744 \ub5a0\uc62c\ub9ac\uac8c \ud55c\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud2b8\ub808\uc774\ub354\ub294 \uae08\ub9ac \uc0c1\uc2b9\uc5d0 \ub300\ube44\ud55c \ud3ec\uc9c0\uc158\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub294\ub370, \uc608\ub97c \ub4e4\uc5b4 **\uc774\uc790\uc728 \uc2a4\uc651\uc5d0\uc11c \uace0\uc815\uae08\ub9ac \uc9c0\uae09(pay fixed: \uace0\uc815\uae08\ub9ac\ub97c \ub0b4\uace0 \ubcc0\ub3d9\uae08\ub9ac\ub97c \ubc1b\ub294 \ud3ec\uc9c0\uc158\uc73c\ub85c \uae08\ub9ac \uc0c1\uc2b9\uc5d0 \uc720\ub9ac)**\uc744 \ud558\uac70\ub098 **\ub3c5\uc77c \uad6d\ucc44 \uc120\ubb3c(Bund futures: \ub3c5\uc77c 10\ub144\ubb3c \uad6d\ucc44\ub97c \uae30\ucd08\ub85c \ud55c \ub300\ud45c \ucc44\uad8c\uc120\ubb3c)**\uc744 \ub9e4\ub3c4(\uc20f)\ud558\ub294 \ubc29\uc2dd\uc774 \uc788\ub2e4.<\/p>\n<p>\uc131\uc7a5 \uc804\ub9dd\uc740 \ud06c\uac8c \uc545\ud654\ub410\ub2e4. \uc62c\ud574 GDP \uc804\ub9dd\uc740 2025\ub144\uc758 1.5% \uc131\uc7a5\uc5d0\uc11c **0.6%** \uc218\uc900\uc73c\ub85c \ub0ae\uc544\uc84c\ub2e4. \uc774\ub294 \ub3c5\uc77c IFO \uacbd\uae30\uae30\ud6c4\uc9c0\uc218(\uae30\uc5c5 \uc124\ubb38 \uae30\ubc18 \uacbd\uae30\uc2ec\ub9ac \uc9c0\ud45c)\uac00 \ucd5c\uadfc \ubc1c\ud45c\uc5d0\uc11c 2020\ub144\ub300 \ucd08 \uc5d0\ub108\uc9c0 \uc704\uae30 \uc774\ud6c4 **\uac00\uc7a5 \ud070 \uc6d4\uac04 \ud558\ub77d**\uc744 \uae30\ub85d\ud55c \uc810\uc5d0\uc11c\ub3c4 \ud655\uc778\ub41c\ub2e4. \uc131\uc7a5 \ub454\ud654\uac00 \uc774\uc5b4\uc9c8 \uacbd\uc6b0, \uc720\ub85c\uc874 \ub300\ud45c \uc8fc\uac00\uc9c0\uc218\uc778 **\uc720\ub85c\uc2a4\ud1a1\uc2a450(Euro Stoxx 50)** \uac19\uc740 \uad11\ubc94\uc704\ud55c \uc9c0\uc218\uc5d0 \ub300\ud574 **\ubc29\uc5b4\uc801 \ud48b\uc635\uc158(put option: \ud2b9\uc815 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac\ub85c \ud558\ub77d \uc704\ud5d8\uc5d0 \ub300\ube44)**\uc744 \ub9e4\uc218\ud558\uac70\ub098 \uc20f \ud3ec\uc9c0\uc158\uc744 \uace0\ub824\ud558\ub294 \uc804\ub7b5\uc774 \uac00\ub2a5\ud558\ub2e4.<\/p>\n<p>\ubd88\ud655\uc2e4\uc131\uc740 \uc5ec\uc804\ud788 \ub9e4\uc6b0 \ub192\uace0, \ub354 \uc2ec\uac01\ud55c \uc2dc\ub098\ub9ac\uc624 \uc704\ud5d8\ub3c4 \ud06c\ub2e4. **VSTOXX(\uc720\ub85c\uc874 \uc8fc\uc2dd\uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \uc9c0\uc218\ub85c, \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \uc2dc\uc7a5 \ubd88\uc548 \uc218\uc900\uc744 \ub098\ud0c0\ub0c4)**\ub294 28 \uc218\uc900\uc5d0\uc11c \ub192\uc740 \ud750\ub984\uc744 \uc774\uc5b4\uac00\uba70 \uc2dc\uc7a5\uc758 \uae34\uc7a5\uac10\uc744 \ubcf4\uc5ec\uc900\ub2e4. 2011\ub144\ucc98\ub7fc **\uc2e0\uc6a9 \uc2a4\ud504\ub808\ub4dc(\uae30\uc5c5\u00b7\uad6d\ucc44\uc758 \uae08\ub9ac \ucc28\uc774, \uc704\ud5d8 \uc778\uc2dd\uc774 \ucee4\uc9c0\uba74 \ud655\ub300)**\uc640 **\uad6d\ucc44 \uc704\ud5d8 \ud504\ub9ac\ubbf8\uc5c4**\uc774 \ub354 \ubc8c\uc5b4\uc9c8 \uac00\ub2a5\uc131\uc744 \uace0\ub824\ud558\uba74, \uc55e\uc73c\ub85c \uba87 \uc8fc \ub3d9\uc548 \uac11\uc791\uc2a4\ub7ec\uc6b4 \ube44\uc120\ud615(\uae09\uaca9\ud558\uace0 \ubd88\uc5f0\uc18d\uc801\uc778) \ud558\ub77d\uc5d0 \ub300\ube44\ud558\ub294 \uc635\uc158 \ud5e4\uc9c0\uac00 \uc911\uc694\ud55c \uc120\ud0dd\uc9c0\uac00 \ub420 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2018\uc774\ub780 \uc804\uc7c1\ubc1c\u2019 \uc5d0\ub108\uc9c0 \uc1fc\ud06c\uc5d0 \uc720\ub85c\uc874 \uc2a4\ud0dc\uadf8\ud50c\ub808\uc774\uc158 \uacbd\uace0\ub4f1. \ub77c\ubcf4\ubc45\ud06c\ub294 \ubb3c\uac00 2027\ub144\uae4c\uc9c0 \uc0c1\ud5a5\u00b7\uc131\uc7a5 2026\ub144 \uae09\ub454\ud654 \uc804\ub9dd, \uc7a5\uae30\uae08\ub9ac \uc0c1\uc2b9 \uc18d \ucc44\uad8c\u00b7\uc8fc\uc2dd \ud5e4\uc9c0 \ud544\uc694.<\/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-45279","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\/45279","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=45279"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45279\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}