{"id":45575,"date":"2026-04-27T12:21:55","date_gmt":"2026-04-27T12:21:55","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/dbs%ec%9d%98-%ed%95%84%eb%a6%bd-%ec%9c%84-%eb%af%b8-%ec%97%b0%ec%a4%80-%eb%a6%ac%eb%8d%94%ec%8b%ad-%eb%b6%88%ed%99%95%ec%8b%a4%ec%84%b1%ec%9d%b4-%eb%af%b8%ea%b5%ad-%ec%8b%9c%ec%9e%a5%ec%97%90\/"},"modified":"2026-04-27T12:21:55","modified_gmt":"2026-04-27T12:21:55","slug":"dbs%ec%9d%98-%ed%95%84%eb%a6%bd-%ec%9c%84-%eb%af%b8-%ec%97%b0%ec%a4%80-%eb%a6%ac%eb%8d%94%ec%8b%ad-%eb%b6%88%ed%99%95%ec%8b%a4%ec%84%b1%ec%9d%b4-%eb%af%b8%ea%b5%ad-%ec%8b%9c%ec%9e%a5%ec%97%90","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/dbs%ec%9d%98-%ed%95%84%eb%a6%bd-%ec%9c%84-%eb%af%b8-%ec%97%b0%ec%a4%80-%eb%a6%ac%eb%8d%94%ec%8b%ad-%eb%b6%88%ed%99%95%ec%8b%a4%ec%84%b1%ec%9d%b4-%eb%af%b8%ea%b5%ad-%ec%8b%9c%ec%9e%a5%ec%97%90\/","title":{"rendered":"DBS\uc758 \ud544\ub9bd \uc704 \u201c\ubbf8 \uc5f0\uc900 \ub9ac\ub354\uc2ed \ubd88\ud655\uc2e4\uc131\uc774 \ubbf8\uad6d \uc2dc\uc7a5\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uba70 \ub2ec\ub7ec \uc804\ub9dd\uc744 \uc88c\uc6b0\u201d"},"content":{"rendered":"<p>\ubbf8 \ubc95\ubb34\ubd80\ub294 4\uc6d4 24\uc77c \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\ubbf8 \uc911\uc559\uc740\ud589) \uc81c\ub86c \ud30c\uc6d4 \uc758\uc7a5\uc5d0 \ub300\ud55c \ud615\uc0ac \uc218\uc0ac\ub97c \uc911\ub2e8\ud558\uace0, 25\uc5b5\ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc5f0\uc900 \ubcf8\ubd80 \ub9ac\ub178\ubca0\uc774\uc158(\uac74\ubb3c \ubcf4\uc218 \uacf5\uc0ac) \uad00\ub828 \uc0ac\uc548\uc744 \ud30c\uc6d4 \uc758\uc7a5 \uc694\uccad\uc5d0 \ub530\ub77c \uc5f0\uc900 \uac10\uc0ac\uc2e4(OIG\u00b7\uac10\uc0ac\u00b7\uc870\uc0ac\ub97c \ub2f4\ub2f9\ud558\ub294 \ub3c5\ub9bd \uc870\uc9c1)\uc5d0 \uc774\ucca9\ud588\ub2e4. \uc774\ubc88 \uc870\uce58\ub294 \uacf5\ud654\ub2f9 \uc18c\uc18d \ud1b0 \ud2f8\ub9ac\uc2a4 \uc0c1\uc6d0\uc758\uc6d0\uc774 \ucf00\ube48 \uc6cc\uc2dc\uc758 \uc778\uc900(\uc0c1\uc6d0 \ub3d9\uc758 \uc808\ucc28) \uc9c0\uc9c0 \uc870\uac74\uc73c\ub85c \ub0b4\uac74 \uc694\uac74\uc744 \ucda9\uc871\ud588\uc9c0\ub9cc, \uc0c1\ud669\uc740 \uc5ec\uc804\ud788 \ubd88\uc548\uc815\ud55c \uac83\uc73c\ub85c \uc804\ud574\uc84c\ub2e4.<\/p>\n<p>\uc0c1\uc6d0 \uc740\ud589\uc704\uc6d0\ud68c\ub294 4\uc6d4 29\uc77c \uc624\uc804 10\uc2dc(\ubbf8 \ub3d9\ubd80\uc2dc\uac04) \uc6cc\uc2dc \uc778\uc900\uc548\uc744 \ud45c\uacb0\ud560 \uc608\uc815\uc774\ub2e4. \uc774\ub294 \uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c(FOMC\u00b7\uc5f0\uc900\uc758 \ud1b5\ud654\uc815\ucc45 \uacb0\uc815 \ud68c\uc758)\uc758 \uae30\uc900\uae08\ub9ac \uacb0\uc815 \ubc1c\ud45c \uc218 \uc2dc\uac04 \uc804\uc774\ub2e4. \uc2dc\uc7a5\uc740 \uc774\ubc88 \uc9c0\uba85\uc744 \u2018\ube44\ub458\uae30\ud30c(\uc644\ud654\uc801 \ud1b5\ud654\uc815\ucc45 \uc120\ud638)\u2019\ub85c \ubc1b\uc544\ub4e4\uc5ec \uc654\ub2e4.<\/p>\n<h3>Markets Focus On Leadership Transition<\/h3>\n<p>\ubbf8\uad6d \uc99d\uc2dc\ub294 \uc9c0\ub09c\uc8fc \uc0ac\uc0c1 \ucd5c\uace0\uce58\ub97c \uc0c8\ub85c \uc37c\uace0, \ube0c\ub80c\ud2b8\uc720\ub294 \ubc30\ub7f4\ub2f9 100\ub2ec\ub7ec\ub97c \ub2e4\uc2dc \uc0c1\ud68c\ud588\ub2e4. \ud30c\uc6d4 \uc758\uc7a5\uc758 \u2018\uc758\uc7a5\u2019 \ub9c8\uc9c0\ub9c9 FOMC \uae30\uc790\ud68c\uacac\ub3c4 \uc8fc\ubaa9\ub41c\ub2e4. \uadf8\uac00 2028\ub144 1\uc6d4\uae4c\uc9c0 \uc5f0\uc900 \uc774\uc0ac(\ud1b5\ud654\uc815\ucc45\uc744 \uacb0\uc815\ud558\ub294 \uc704\uc6d0)\ub85c \ub0a8\uc744\uc9c0 \uc5ec\ubd80\uac00 \ud575\uc2ec\uc774\ub2e4.<\/p>\n<p>2025\ub144 \uac19\uc740 \uc2dc\uae30\ub97c \ub3cc\uc544\ubcf4\uba74, \uc2dc\uc7a5\uc740 \ucf00\ube48 \uc6cc\uc2dc\uac00 \uc0c8 \uc5f0\uc900 \uc758\uc7a5\uc774 \ub420 \uc218 \uc788\ub2e4\ub294 \uae30\ub300\uc5d0 \uc8fc\uac00\uac00 \uc0c1\uc2b9\ud588\ub2e4. \uc778\uc900\uc740 \ube44\ub458\uae30\ud30c \uc2e0\ud638\ub85c \ud574\uc11d\ub410\uace0, \uc720\uac00 \uae09\ub4f1 \uc6b0\ub824\uc5d0\ub3c4 \uc8fc\uc2dd\uc740 \uc2e0\uace0\uac00\ub97c \uacbd\uc2e0\ud588\ub2e4. \ud30c\uc6d4\uc5d0\uc11c \uc6cc\uc2dc\ub85c\uc758 \uc804\ud658\uc740 \ub354 \uc26c\uc6b4 \ud1b5\ud654\uc815\ucc45(\uae08\ub9ac \uc778\ud558\u00b7\uc720\ub3d9\uc131 \ud655\ub300)\uc5d0 \ub300\ud55c \uae30\ub300\ub97c \ud0a4\uc6e0\ub2e4.<\/p>\n<p>\uc6cc\uc2dc \uccb4\uc81c \uc5f0\uc900\uc740 2025\ub144 \ud558\ubc18\uae30\uc5d0 \ub450 \ucc28\ub840 \uae08\ub9ac\ub97c \uc778\ud558\ud588\uc9c0\ub9cc, \ubb3c\uac00 \uc0c1\uc2b9 \uc555\ub825\uc740 \uc608\uc0c1\ubcf4\ub2e4 \uc624\ub798 \uc9c0\uc18d\ub410\ub2e4. 2026\ub144 3\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI\u00b7\uc18c\ube44\uc790\uac00 \uc790\uc8fc \uc0ac\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc744 \uc885\ud569\ud55c \ubb3c\uac00 \uc9c0\ud45c)\ub294 3.9%\ub85c \ub192\uac8c \ub098\uc640 \uc5f0\uc900\uc744 \ub09c\ucc98\ud558\uac8c \ub9cc\ub4e4\uc5c8\ub2e4. \uc2dc\uc7a5 \ubd84\uc704\uae30\ub294 \ucd94\uac00 \uc778\ud558 \uae30\ub300\uc5d0\uc11c \u2018\uc778\ud558 \ucca0\ud68c(\ub2e4\uc2dc \uc778\uc0c1) \uac00\ub2a5\uc131\u2019 \uc6b0\ub824\ub85c \ubc14\ub00c\uc5c8\ub2e4.<\/p>\n<p>\ubd88\ud655\uc2e4\uc131\uc774 \ucee4\uc9c0\uba74\uc11c \ud5a5\ud6c4 \uc218\uc8fc\uac04 \uac00\uaca9 \ubcc0\ub3d9\uc774 \ud06c\uac8c \ub098\ud0c0\ub0a0 \uc218 \uc788\ub2e4. \uc2dc\uce74\uace0\uc635\uc158\uac70\ub798\uc18c(CBOE) \ubcc0\ub3d9\uc131\uc9c0\uc218(VIX\u00b7S&#038;P500 \uc635\uc158 \uac00\uaca9\uc73c\ub85c \uacc4\uc0b0\ud558\ub294 \uc2dc\uc7a5 \ubd88\uc548 \uc9c0\ud45c)\ub294 \uc9c0\ub09c\ud574 \ub9d0 14 \uc218\uc900\uc5d0\uc11c \ucd5c\uadfc 20\uc744 \ub118\uc5b4\uc130\ub2e4. \ub2e4\uc74c FOMC\ub97c \uc55e\ub454 \ubd88\uc548\uc774 \ucee4\uc84c\ub2e4\ub294 \ub73b\uc774\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud22c\uc790\uc790\ub4e4\uc774 \uc190\uc2e4 \ubc29\uc5b4(\ud5e4\uc9c0)\ub97c \uc704\ud574 \uc635\uc158\uc744 \uc0ac\uba74\uc11c \uc635\uc158 \ud504\ub9ac\ubbf8\uc5c4(\uc635\uc158 \uac00\uaca9)\uc774 \ube44\uc2f8\uc9c0\uace0 \uc788\ub2e4.<\/p>\n<h3>Derivatives Positioning For Volatility<\/h3>\n<p>\ud30c\uc0dd\uc0c1\ud488(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \uc6c0\uc9c1\uc774\ub294 \uae08\uc735\uc0c1\ud488) \ud22c\uc790\uc790\ub77c\uba74 \ubcc0\ub3d9\uc131 \uc804\ub7b5\uc5d0 \ucd08\uc810\uc744 \ub9de\ucd9c \ub9cc\ud55c \ud658\uacbd\uc774\ub2e4. S&#038;P500 \uac19\uc740 \uc9c0\uc218\uc5d0 \ub300\ud574 \uc2a4\ud2b8\ub798\ub4e4(\uac19\uc740 \ud589\uc0ac\uac00\u00b7\uac19\uc740 \ub9cc\uae30\uc758 \ucf5c\uc635\uc158\uacfc \ud48b\uc635\uc158\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218)\uc774\ub098 \uc2a4\ud2b8\ub7ad\uae00(\uc11c\ub85c \ub2e4\ub978 \ud589\uc0ac\uac00\uc758 \ucf5c\u00b7\ud48b\uc744 \ub3d9\uc2dc\uc5d0 \ub9e4\uc218)\uc744 \ud65c\uc6a9\ud558\uba74, \uc5f0\uc900 \uacb0\uc815\uc758 \ubc29\ud5a5\uc744 \ub9de\ud788\uc9c0 \ubabb\ud574\ub3c4 \uac00\uaca9\uc774 \ud06c\uac8c \uc6c0\uc9c1\uc774\uba74 \uc218\uc775\uc744 \ub178\ub9b4 \uc218 \uc788\ub2e4. \uc2dc\uc7a5\uc774 \uc608\ubbfc\ud55c \ub9cc\ud07c \uc5f0\uc900\uc758 \u2018\uae5c\uc9dd\u2019 \uba54\uc2dc\uc9c0\ub294 \uae09\uaca9\ud55c \ubc18\uc751\uc744 \ucd09\ubc1c\ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>\uae08\ub9ac \uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \uc7ac\ud3c9\uac00\uac00 \uc9c4\ud589\ub418\uba70, \uad6d\ucc44 \uae08\ub9ac\uc640 \uc5f0\ub3d9\ub41c \ud30c\uc0dd\uc0c1\ud488\uc5d0\uc11c \uae30\ud68c\uac00 \uc0dd\uae30\uace0 \uc788\ub2e4. \uc5f0\uc900 \uc815\ucc45\uc5d0 \ubbfc\uac10\ud55c 2\ub144\ubb3c \ubbf8 \uad6d\ucc44 \uae08\ub9ac\ub294 \ucd5c\uadfc \ub450 \ub2ec \uc0ac\uc774 50bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8) \uc774\uc0c1 \ub6f0\uc5b4 4.75% \ubd80\uadfc\uc5d0\uc11c \uac70\ub798\ub418\uace0 \uc788\ub2e4. \ud22c\uc790\uc790\ub4e4\uc740 \ubbf8 \uad6d\ucc44 \uc120\ubb3c \uc635\uc158(\uad6d\ucc44 \uc120\ubb3c\uc744 \uc0b4 \uad8c\ub9ac\u00b7\ud314 \uad8c\ub9ac)\uc744 \uc774\uc6a9\ud574, \uc5f0\uc900\uc774 \uc778\ud50c\ub808\uc774\uc158\uc744 \uc7a1\uae30 \uc704\ud574 \ub354 \ub9e4\ud30c\uc801(\uae34\ucd95 \uc120\ud638) \uc2e0\ud638\ub97c \ub0b4\uc57c \ud558\ub294 \uc0c1\ud669\uc744 \ub300\ube44\ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>\uc5f0\uc900 \ub0b4\ubd80 \uc5ed\ud559\ub3c4 \ubcc0\uc218\ub2e4. \ud30c\uc6d4\uc774 2028\ub144\uae4c\uc9c0 \uc774\uc0ac\ub85c \ub0a8\uc744 \uacbd\uc6b0, \uc6cc\uc2dc \uc758\uc7a5\uc758 \ube44\ub458\uae30\ud30c \uc9c4\uc601\uacfc \ub354 \uc2e0\uc911\ud55c \uc9c4\uc601(\ud30c\uc6d4\uc774 \uc911\uc2ec\uc774 \ub420 \uc218 \uc788\uc74c) \uc0ac\uc774\uc758 \uacac\ud574 \ucc28\uc774\uac00 \ucee4\uc9c4\ub2e4\ub294 \uad00\uce21\uc774 \ub098\uc628\ub2e4. \uc774\ub7f0 \ub0b4\ubd80 \uae34\uc7a5\uc740 \uc608\uce21\uc744 \ub354 \uc5b4\ub835\uac8c \ub9cc\ub4e4\uc5b4, \ubd88\ud655\uc2e4\uc131\uc774 \uc624\ub798 \uac08 \uac83\uc5d0 \ubca0\ud305\ud558\ub294 \ud22c\uc790\uc790\uc5d0\uac8c \uc7a5\uae30 \ub9cc\uae30 \uc635\uc158\uc774 \ub9e4\ub825\uc801\uc77c \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud30c\uc6d4 \uc218\uc0ac \uc911\ub2e8\u00b7OIG \uc774\ucca9 \uc18d \uc6cc\uc2dc \uc778\uc900 \ud45c\uacb0\uc774 FOMC \uc9c1\uc804 \uacb9\uce58\uba70 \u2018\ube44\ub458\uae30 \uc5f0\uc900\u2019 \uae30\ub300 \uc7ac\uc810\ud654. \uadf8\ub7ec\ub098 CPI \uc7ac\uc0c1\uc2b9\u00b7VIX \uae09\ub4f1\uc73c\ub85c \ubcc0\ub3d9\uc131 \uc7a5\uc138\u2026\uc635\uc158\u00b7\uae08\ub9ac\ud30c\uc0dd \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-45575","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\/45575","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=45575"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45575\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}