{"id":45694,"date":"2026-04-28T16:51:59","date_gmt":"2026-04-28T16:51:59","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%8f%84%ec%9d%b4%ec%b2%b4%eb%b0%a9%ed%81%ac-%ed%98%b8%eb%a5%b4%eb%ac%b4%ec%a6%88-%ed%95%b4%ed%98%91-%eb%b4%89%ec%87%84-%ec%a7%80%ec%86%8d%c2%b7%eb%af%b8%ea%b5%ad-%ec%9d%b4%eb%9e%80\/"},"modified":"2026-04-28T16:51:59","modified_gmt":"2026-04-28T16:51:59","slug":"%eb%8f%84%ec%9d%b4%ec%b2%b4%eb%b0%a9%ed%81%ac-%ed%98%b8%eb%a5%b4%eb%ac%b4%ec%a6%88-%ed%95%b4%ed%98%91-%eb%b4%89%ec%87%84-%ec%a7%80%ec%86%8d%c2%b7%eb%af%b8%ea%b5%ad-%ec%9d%b4%eb%9e%80","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%8f%84%ec%9d%b4%ec%b2%b4%eb%b0%a9%ed%81%ac-%ed%98%b8%eb%a5%b4%eb%ac%b4%ec%a6%88-%ed%95%b4%ed%98%91-%eb%b4%89%ec%87%84-%ec%a7%80%ec%86%8d%c2%b7%eb%af%b8%ea%b5%ad-%ec%9d%b4%eb%9e%80\/","title":{"rendered":"\ub3c4\uc774\uccb4\ubc29\ud06c \u201c\ud638\ub974\ubb34\uc988 \ud574\ud611 \ubd09\uc1c4 \uc9c0\uc18d\u00b7\ubbf8\uad6d-\uc774\ub780 \ud611\uc0c1 \uad50\ucc29 \uc18d \ube0c\ub80c\ud2b8\uc720, 3\uc8fc\ub798 \uace0\uc810 \ubd80\uadfc\uc11c \ub4f1\ub77d\u201d"},"content":{"rendered":"

\ube0c\ub80c\ud2b8\uc720\ub294 \ud638\ub974\ubb34\uc988 \ud574\ud611\uc774 \uc0ac\uc2e4\uc0c1 \ubd09\uc1c4\ub41c \uc0c1\ud0dc\uac00 \uc774\uc5b4\uc9c0\uace0 \ubbf8\uad6d\uacfc \uc774\ub780\uc758 \ud611\uc0c1\uc774 \uad50\ucc29\ub418\uba74\uc11c 3\uc8fc \ub9cc\uc5d0 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub2e4. \ube0c\ub80c\ud2b8\uc720\ub294 \ubc30\ub7f4\ub2f9 100\ub2ec\ub7ec\ub97c \uc6c3\ub3cc\uba70, \uc2dc\uc7a5\uc740 \uc11d\uc720\ubc1c(\u767c) \ubb3c\uac00 \ucda9\uaca9\uc774 \ub354 \uc624\ub798\uac08 \uac00\ub2a5\uc131\uc744 \ubc18\uc601\ud558\uace0 \uc788\ub2e4.<\/p>\n

Axios \ubcf4\ub3c4\uc5d0 \ub530\ub974\uba74 \uc774\ub780\uc740 \ud638\ub974\ubb34\uc988 \ud574\ud611 \uc7ac\uac1c\ub97c \uc704\ud55c \uc0c8\ub85c\uc6b4 \uc81c\uc548\uc744 \ubbf8\uad6d\uc5d0 \uc81c\uc2dc\ud588\ub2e4. \uc774 \uc18c\uc2dd\uc740 \uc8fc \ucd08 \uac00\uaca9 \uae09\ub4f1\uc744 \uc77c\ubd80 \uc81c\ud55c\ud588\uc744 \uc218 \uc788\ub2e4.<\/p>\n

\uacf5\uae09 \ucda9\uaca9\uc5d0 \ube0c\ub80c\ud2b8 \uc0c1\uc2b9\uc138 \uc9c0\uc18d<\/h3>\n

\uac00\uc2dc\uc801\uc778 \uc9c4\uc804\uc774 \uc5c6\ub294 \uac00\uc6b4\ub370 \ube0c\ub80c\ud2b8\uc720\ub294 \uc7a5\uc911 \uc0c1\uc2b9\ud574 2.75% \uc624\ub978 \ubc30\ub7f4\ub2f9 108.23\ub2ec\ub7ec\ub85c \ub9c8\uac10\ud588\ub2e4. \uc774\ub294 4\uc6d4 \ucd08 2\uc8fc\uac04 \ud734\uc804\uc774 \ubc1c\ud45c\ub41c \uc774\ud6c4 \uac00\uc7a5 \ub192\uc740 \uc885\uac00\ub2e4.<\/p>\n

\ubc24\uc0ac\uc774 \ube0c\ub80c\ud2b8\uc720\ub294 1.00% \ucd94\uac00 \uc0c1\uc2b9\ud574 \ubc30\ub7f4\ub2f9 109.31\ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4. \uc120\ubb3c \uc804 \uad6c\uac04\uc5d0\uc11c\ub3c4 \uac19\uc740 \ud750\ub984\uc774 \ub098\ud0c0\ub0ac\uace0, 6\uac1c\uc6d4\ubb3c \ube0c\ub80c\ud2b8\uc720 \uc120\ubb3c\uc740 1.79% \uc624\ub978 \ubc30\ub7f4\ub2f9 88.01\ub2ec\ub7ec\uc600\ub2e4.
\n– **\uc120\ubb3c\uace1\uc120(Futures curve)**: \ub9cc\uae30(\uae30\uac04)\uac00 \ub2e4\ub978 \uc5ec\ub7ec \uc120\ubb3c \uac00\uaca9\uc744 \uc904\uc9c0\uc5b4 \ubcf4\uc5ec\uc8fc\ub294 \ud45c\/\uadf8\ub798\ud504.<\/p>\n

\ube0c\ub80c\ud2b8\uc720\ub294 \uac70\uc758 \uc77c\uc8fc\uc77c \ub3d9\uc548 \ubc30\ub7f4\ub2f9 100\ub2ec\ub7ec\ub97c \uc0c1\ud68c\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \ubb3c\uac00\uc5d0 \ub300\ud55c \uc6b0\ub824\uac00 \ub2e4\uc2dc \ubd80\uac01\ub418\uace0 \uc788\ub2e4.<\/p>\n

\ud638\ub974\ubb34\uc988 \ud574\ud611 \ubd09\uc1c4\uac00 \uacc4\uc18d\ub418\uba70 \ube0c\ub80c\ud2b8\uc720\uac00 \ubc30\ub7f4\ub2f9 100\ub2ec\ub7ec \uc704\uc5d0\uc11c \uac15\ud558\uac8c \ubc84\ud2f0\ub294 \uac83\uc740 **\uc0c1\uc2b9(\uac15\uc138) \ucabd\uc5d0 \ubca0\ud305\ud558\ub294 \ud22c\uc790**\uac00 \ub298 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4.
\n– **\uac15\uc138 \ud3ec\uc9c0\uc158(Bullish positioning)**: \uac00\uaca9 \uc0c1\uc2b9\uc5d0 \uc774\uc775\uc774 \ub098\ub294 \ub9e4\uc218 \uc911\uc2ec\uc758 \ud22c\uc790 \ubc29\ud5a5.
\n\ub610\ud55c \ubbf8\u00b7\uc774\ub780 \ud611\uc0c1 \uad50\ucc29\uc740 \uc774\ubc88 \uacf5\uae09 \ucda9\uaca9\uc774 \ub2e8\uae30 \uc774\uc288\uac00 \uc544\ub2d0 \uc218 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \ud604\uc7ac \uc720\uc870\uc120 \uc774\ub3d9(\ucd94\uc801) \uc790\ub8cc\uc5d0\uc11c \ud574\ud611 \ud1b5\uacfc \ubb3c\ub3d9\ub7c9\uc774 \uc9c0\ub09c\ub2ec \ub300\ube44 90% \uac10\uc18c\ud55c \uac83\uc73c\ub85c \ub098\ud0c0\ub098, \uc2e4\uc81c \ud604\ubb3c \uc2dc\uc7a5\uc774 \ube60\ub4ef\ud558\ub2e4\ub294 \uc810\uc744 \ud655\uc778\ud574\uc900\ub2e4.
\n– **\ud604\ubb3c \ud0c0\uc774\ud2b8(Physical tightness)**: \uc989\uc2dc \uc778\ub3c4\ub418\ub294 \uc2e4\ubb3c(\ud604\ubb3c) \ubb3c\ub7c9\uc774 \ubd80\uc871\ud574 \uc218\uae09\uc774 \ube61\ube61\ud55c \uc0c1\ud0dc.<\/p>\n

\ubcc0\ub3d9\uc131\uacfc \uc2a4\ud504\ub808\ub4dc \uc804\ub7b5<\/h3>\n

\uc120\ubb3c\uace1\uc120\uc740 **\uac00\ud30c\ub978 \ubc31\uc6cc\ub370\uc774\uc158**(\uadfc\uc6d4\ubb3c\uc774 \uc6d0\uc6d4\ubb3c\ubcf4\ub2e4 \ube44\uc2fc \uad6c\uc870) \uc0c1\ud0dc\ub2e4. \uadfc\uc6d4\ubb3c \uacc4\uc57d\uc774 6\uac1c\uc6d4 \ub4a4 \ub9cc\uae30 \uacc4\uc57d\ubcf4\ub2e4 \ud06c\uac8c \ube44\uc2f8\uba70, 6\uac1c\uc6d4\ubb3c\uc740 \ud604\uc7ac \ubc30\ub7f4\ub2f9 88\ub2ec\ub7ec \ubd80\uadfc\uc774\ub2e4. \uc774 \uad6c\uc870\ub294 \ub2e8\uae30\ubb3c \ubcf4\uc720(\ub9e4\uc218) \ub610\ub294 \uc7a5\uae30\ubb3c \ub9e4\ub3c4\uc5d0 \uc720\ub9ac\ud558\uac8c \uc791\uc6a9\ud55c\ub2e4.
\n– **\ubc31\uc6cc\ub370\uc774\uc158(Backwardation)**: \ub2e8\uae30 \uc120\ubb3c \uac00\uaca9\uc774 \uc7a5\uae30 \uc120\ubb3c\ubcf4\ub2e4 \ub192\uc740 \uc0c1\ud0dc(\ud1b5\uc0c1 \ub2f9\uc7a5 \ubb3c\uac74\uc774 \uadc0\ud560 \ub54c \ub098\ud0c0\ub0a8).
\n\uc774\ub294 2025\ub144 \ub9d0 OPEC+ \uac10\uc0b0 \uc774\ud6c4 \uacf5\uae09 \ubd88\uc548\uc774 \ucee4\uc84c\uc744 \ub54c\uc640 \ube44\uc2b7\ud55c \uc218\uc900\uc758 \uc9c0\uc18d\uc801\uc778 \ubc31\uc6cc\ub370\uc774\uc158\uc774\ub2e4.
\n– **OPEC+**: OPEC(\uc11d\uc720\uc218\ucd9c\uad6d\uae30\uad6c)\uacfc \ub7ec\uc2dc\uc544 \ub4f1 \ube44OPEC \uc0b0\uc720\uad6d \ud611\uc758\uccb4.<\/p>\n

\uc9c0\uc815\ud559\uc801 \ubd88\ud655\uc2e4\uc131\uc73c\ub85c \uc635\uc158 \uc2dc\uc7a5\uc758 **\ub0b4\uc7ac \ubcc0\ub3d9\uc131**\uc774 \ub9e4\uc6b0 \ub192\ub2e4.
\n– **\ub0b4\uc7ac \ubcc0\ub3d9\uc131(Implied volatility)**: \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc55e\uc73c\ub85c \uac00\uaca9\uc774 \uc5bc\ub9c8\ub098 \ud754\ub4e4\ub9b4\uc9c0\u2019\uc5d0 \ub300\ud55c \uc2dc\uc7a5 \uc608\uc0c1.
\nCBOE \uc6d0\uc720 \ubcc0\ub3d9\uc131 \uc9c0\uc218(OVX)\uac00 \uc774\ubc88 \uc8fc 50\uc744 \ub118\uc5b4\uc130\ub2e4.
\n– **OVX**: \uc6d0\uc720 \uc635\uc158 \uac00\uaca9\uc744 \ubc14\ud0d5\uc73c\ub85c \uacc4\uc0b0\ud558\ub294 \ubcc0\ub3d9\uc131 \uc9c0\uc218(\uacf5\ud3ec\uc9c0\uc218 \uc131\uaca9).<\/p>\n

\uc774 \uacbd\uc6b0 \uc635\uc158\uc744 \ub2e8\uc21c \ub9e4\uc218\ud558\ub294 \uac83\uc740 \ube44\uc6a9(\ud504\ub9ac\ubbf8\uc5c4)\uc774 \ube44\uc2f8\ubbc0\ub85c, \ud22c\uc790\uc790\ub4e4\uc740 \ube44\uc6a9\uc744 \uc81c\ud55c\ud558\uba74\uc11c \ucd94\uac00 \uc0c1\uc2b9 \uc5ec\uc9c0\ub97c \ub178\ub9ac\ub294 **\ubd88\ucf5c \uc2a4\ud504\ub808\ub4dc**\ub97c \uace0\ub824\ud560 \uc218 \uc788\ub2e4.
\n– **\ubd88\ucf5c \uc2a4\ud504\ub808\ub4dc(Bull call spread)**: \ub0ae\uc740 \ud589\uc0ac\uac00 \ucf5c\uc635\uc158\uc744 \uc0ac\uace0, \ub354 \ub192\uc740 \ud589\uc0ac\uac00 \ucf5c\uc635\uc158\uc744 \ud568\uaed8 \ud314\uc544 \ube44\uc6a9\uc744 \uc904\uc774\ub294 \uc0c1\uc2b9 \ubca0\ud305 \uc804\ub7b5.
\n\ubc18\uba74 **\ud48b\uc635\uc158 \ub9e4\ub3c4**\ub294 \uc678\uad50\uc801 \ub3cc\ud30c\uad6c\uac00 \ud655\uc778\ub418\uae30 \uc804\uae4c\uc9c0 \uc190\uc2e4\uc774 \ucee4\uc9c8 \uc704\ud5d8\uc774 \ub9e4\uc6b0 \ud06c\ub2e4.
\n– **\ud48b\uc635\uc158 \ub9e4\ub3c4(Selling puts)**: \uac00\uaca9\uc774 \ub5a8\uc5b4\uc9c0\uba74 \ud070 \uc190\uc2e4\uc774 \ub0a0 \uc218 \uc788\ub294 \uac70\ub798.<\/p>\n

\uace0\uc720\uac00\uac00 \uc9c0\uc18d\ub418\uba74\uc11c, \uc5f0\ucd08\uc5d0 \uc7a6\uc544\ub4e4\uc5c8\ub358 \uc804\ubc18\uc801\uc778 \ubb3c\uac00 \uc6b0\ub824\uac00 \ub2e4\uc2dc \ucee4\uc9c0\uace0 \uc788\ub2e4. \uc2dc\uc7a5\uc758 \uc8fc\uc694 \uae30\ub300\ubb3c\uac00 \uc9c0\ud45c\uc778 **5\ub144 \uae30\ub300 \uc778\ud50c\ub808\uc774\uc158(\ube0c\ub808\uc774\ud06c\uc774\ube10 \uc778\ud50c\ub808\uc774\uc158)**\uc740 2.8%\ub85c \uc0c1\uc2b9\ud574 \uc62c\ud574 \ucd5c\uace0\uce58\ub97c \uae30\ub85d\ud588\ub2e4.
\n– **\ube0c\ub808\uc774\ud06c\uc774\ube10 \uc778\ud50c\ub808\uc774\uc158(Breakeven inflation rate)**: \uba85\ubaa9\uad6d\ucc44 \uae08\ub9ac\uc640 \ubb3c\uac00\uc5f0\ub3d9\uad6d\ucc44 \uae08\ub9ac \ucc28\uc774\ub85c \uacc4\uc0b0\ud558\ub294 \u2018\uc2dc\uc7a5 \uae30\ub300 \ubb3c\uac00\u2019 \uc9c0\ud45c.
\n\uc774\ub7f0 \ud658\uacbd\uc740 \uae30\uc900\uae08\ub9ac\uac00 \ub354 \uc624\ub798 \ub192\uac8c \uc720\uc9c0\ub420 \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4.
\n– **\ud1b5\ud654\uc644\ud654(Easing)**: \uae08\ub9ac \uc778\ud558\ub098 \uc720\ub3d9\uc131 \uacf5\uae09\ucc98\ub7fc \uae08\uc735 \uc5ec\uac74\uc744 \ub290\uc2a8\ud558\uac8c \ub9cc\ub4dc\ub294 \uc815\ucc45.<\/p>\n

\uc774\ubc88 \uc704\uae30\ub294 \ube0c\ub80c\ud2b8\uc720\uc5d0 \ub354 \ud070 \uc601\ud5a5\uc744 \uc8fc\uba70, \ub2e4\ub978 \uae30\uc900\uc720\uc640\uc758 **\uc2a4\ud504\ub808\ub4dc(\uac00\uaca9 \ucc28)** \uac70\ub798 \uae30\ud68c\ub97c \ub9cc\ub4e0\ub2e4. \ube0c\ub80c\ud2b8\uc720\uac00 WTI\ubcf4\ub2e4 \ube44\uc2fc \uc815\ub3c4(\ud504\ub9ac\ubbf8\uc5c4)\ub294 \ubc30\ub7f4\ub2f9 10\ub2ec\ub7ec\ub97c \ub118\uc5b4 1\ub144\uc5ec \ub9cc\uc5d0 \ucd5c\uace0 \uc218\uc900\uc73c\ub85c \ud655\ub300\ub410\ub2e4. WTI\ub294 \uc911\ub3d9\ubc1c \ucc28\uc9c8\uc758 \uc601\ud5a5\uc744 \uc0c1\ub300\uc801\uc73c\ub85c \ub35c \ubc1b\uae30 \ub54c\ubb38\uc774\ub2e4.
\n– **WTI**: \ubbf8\uad6d\uc744 \ub300\ud45c\ud558\ub294 \uc6d0\uc720 \uac00\uaca9 \uae30\uc900.
\n\ud5a5\ud6c4 \uba87 \uc8fc \ub3d9\uc548 \uc774 \uc2a4\ud504\ub808\ub4dc\uac00 \ub192\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud558\uac70\ub098 \ub354 \ud655\ub300\ub420 \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud55c \ud3ec\uc9c0\uc158\uc774 \uac70\ub860\ub41c\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\ud638\ub974\ubb34\uc988 \ubd09\uc1c4 \uc7a5\uae30\ud654\uc5d0 \ube0c\ub80c\ud2b8\uc720 3\uc8fc \ucd5c\uace0\u00b7\ubc30\ub7f4 100\ub2ec\ub7ec \uc0c1\ud68c. \ubbf8\u00b7\uc774\ub780 \ud611\uc0c1 \uad50\ucc29 \uc18d \uacf5\uae09 \ud0c0\uc774\ud2b8, \ubc31\uc6cc\ub370\uc774\uc158\u00b7OVX \uae09\ub4f1\uc73c\ub85c \ubb3c\uac00\ucda9\uaca9\u00b7\uae08\ub9ac \uace0\ucc29 \uc6b0\ub824 \ud655\uc0b0.<\/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-45694","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\/45694","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=45694"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/45694\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=45694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=45694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=45694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}