{"id":46222,"date":"2026-05-05T18:26:47","date_gmt":"2026-05-05T18:26:47","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/3%ec%9b%94-%eb%af%b8%ea%b5%ad-%ec%8b%a0%ea%b7%9c-%ec%a3%bc%ed%83%9d-%ed%8c%90%eb%a7%a4%eb%8a%94-%ec%a0%84%ec%9b%94-%eb%8c%80%eb%b9%84-68%eb%a7%8c2%ec%b2%9c-%ea%b1%b4%ec%9c%bc%eb%a1%9c-%ec%a6%9d\/"},"modified":"2026-05-05T18:26:47","modified_gmt":"2026-05-05T18:26:47","slug":"3%ec%9b%94-%eb%af%b8%ea%b5%ad-%ec%8b%a0%ea%b7%9c-%ec%a3%bc%ed%83%9d-%ed%8c%90%eb%a7%a4%eb%8a%94-%ec%a0%84%ec%9b%94-%eb%8c%80%eb%b9%84-68%eb%a7%8c2%ec%b2%9c-%ea%b1%b4%ec%9c%bc%eb%a1%9c-%ec%a6%9d","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/3%ec%9b%94-%eb%af%b8%ea%b5%ad-%ec%8b%a0%ea%b7%9c-%ec%a3%bc%ed%83%9d-%ed%8c%90%eb%a7%a4%eb%8a%94-%ec%a0%84%ec%9b%94-%eb%8c%80%eb%b9%84-68%eb%a7%8c2%ec%b2%9c-%ea%b1%b4%ec%9c%bc%eb%a1%9c-%ec%a6%9d\/","title":{"rendered":"3\uc6d4 \ubbf8\uad6d \uc2e0\uaddc \uc8fc\ud0dd \ud310\ub9e4\ub294 \uc804\uc6d4 \ub300\ube44 68\ub9cc2\ucc9c \uac74\uc73c\ub85c \uc99d\uac00\ud574 \uc804\ub9dd\uce58(66\ub9cc8\ucc9c \uac74)\ub97c \uc6c3\ub3cc\uc558\ub2e4"},"content":{"rendered":"

\ubbf8\uad6d\uc758 3\uc6d4 \uc2e0\uaddc \uc8fc\ud0dd \ud310\ub9e4(\uc804\uc6d4 \ub300\ube44)\ub294 68\ub9cc2,000\uac74\uc73c\ub85c \uc99d\uac00\ud588\ub2e4. <\/p>\n

\uc774\ub294 \uc2dc\uc7a5 \uc804\ub9dd\uce58(66\ub9cc8,000\uac74)\ub97c \uc6c3\ub3cc\uc558\ub2e4.<\/p>\n

\uac15\ud55c \uc8fc\ud0dd \uc9c0\ud45c, \u2018\uc2e0\uc911\ud55c \uc5f0\uc900\u2019 \uc2e0\ud638<\/h3>\n

3\uc6d4 \uc2e0\uaddc \uc8fc\ud0dd \ud310\ub9e4\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub192\uc740 68\ub9cc2,000\uac74\uc73c\ub85c \uc9d1\uacc4\ub418\uba74\uc11c, \uacbd\uae30 \ubaa8\uba58\ud140\uc774 \uc2dc\uc7a5\uc774 \uc0dd\uac01\ud588\ub358 \uac83\ubcf4\ub2e4 \ud0c4\ud0c4\ud558\ub2e4\ub294 \uc810\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \uc774\ub7f0 \uc18c\ube44 \uc218\uc694\uc758 \ud68c\ubcf5\ub825\uc740 \uacbd\uae30\uc758 \uae30\ubcf8 \uccb4\ub825\uc774 \uc720\uc9c0\ub418\uace0 \uc788\uc74c\uc744 \ubcf4\uc5ec\uc8fc\uba70, \ubbf8 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\uc5f0\uc900)\uac00 \ud1b5\ud654\uc815\ucc45\uc744 \uc27d\uac8c \uc644\ud654\ud558\uc9c0 \uc54a\uace0 \uc2e0\uc911\ud55c \ud0dc\ub3c4\ub97c \uc774\uc5b4\uac08 \uac00\ub2a5\uc131\uc744 \ub192\uc778\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc5ec\ub984 \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc740 \ub0ae\uc544\uc84c\ub2e4\uace0 \ubcf8\ub2e4.<\/p>\n

\ucd5c\uadfc \uc9c0\ud45c\ub3c4 \uc774\ub7f0 \uc2e0\uc911\ub860\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4. 4\uc6d4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI\u00b7\uc18c\ube44\uc790\uac00 \uc2e4\uc81c\ub85c \uad6c\ub9e4\ud558\ub294 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc758 \ud3c9\uade0 \ubcc0\ub3d9)\uc5d0\uc11c \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 3.6%\ub85c \ub098\ud0c0\ub098 \uc2dc\uc7a5 \uc608\uc0c1\ubcf4\ub2e4 \ub192\uac8c \uc720\uc9c0\ub410\ub2e4. \uc5ec\uae30\uc5d0 \uc9c0\ub09c\uc8fc \uace0\uc6a9\ubcf4\uace0\uc11c\uc5d0\uc11c \ube44\ub18d\uc5c5\ubd80\ubb38 \uc2e0\uaddc \uace0\uc6a9(\uae09\uc5ec \uace0\uc6a9, payrolls\u00b7\uae30\uc5c5\uc774 \uae09\uc5ec\ub97c \uc9c0\uae09\ud55c \uc77c\uc790\ub9ac \uc218)\uc774 21\ub9cc5,000\uac1c \ub298\uba74\uc11c, \uc5f0\uc900\uc774 \uae08\ub9ac\ub97c \ub2f9\ubd84\uac04 \ub3d9\uacb0\ud560 \uba85\ubd84\uc774 \ub354 \uac15\ud574\uc84c\ub2e4. \uc774\ub294 2025\ub144 \ub9d0 \uc2dc\uc7a5\uc5d0 \ud37c\uc84c\ub358 \u2018\uc870\uae30 \uc644\ud654 \uae30\ub300(\ube44\ub458\uae30\ud30c \uae30\ub300, dovish expectations\u00b7\uae08\ub9ac \uc778\ud558\ub97c \uc608\uc0c1\ud558\ub294 \ubd84\uc704\uae30)\u2019\uc640\ub294 \ub2e4\ub978 \ud750\ub984\uc774\ub2e4.<\/p>\n

\ud5a5\ud6c4 \uba87 \uc8fc\ub294 \u2018\uac00\uae4c\uc6b4 \uc2dc\uc810\uc758 \uae08\ub9ac \uc778\ud558\uac00 \uc5b4\ub835\ub2e4\u2019\ub294 \ucabd\uc5d0 \ubca0\ud305\ud558\ub294 \ud30c\uc0dd\uc0c1\ud488(derivatives\u00b7\uc120\ubb3c\u00b7\uc635\uc158 \ub4f1 \uae30\ucd08\uc790\uc0b0\uc758 \uac00\uaca9\uc744 \ubc14\ud0d5\uc73c\ub85c \uac70\ub798\ub418\ub294 \uae08\uc735\uc0c1\ud488)\uc5d0\uc11c \uae30\ud68c\uac00 \uc788\uc744 \uc218 \uc788\ub2e4. \uc608\ub97c \ub4e4\uc5b4 9\uc6d4 SOFR \uc120\ubb3c \ub9e4\ub3c4\ub098, TLT \uac19\uc740 \ubbf8\uad6d \uad6d\ucc44 ETF(\uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc)\uc5d0 \ub300\ud55c \ud48b\uc635\uc158(put option\u00b7\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\uac00 \ub300\uc548\uc774 \ub420 \uc218 \uc788\ub2e4. \uad6d\ucc44\uae08\ub9ac(\uc218\uc775\ub960, yield\u00b7\ucc44\uad8c \uac00\uaca9\uacfc \ubc18\ub300\ub85c \uc6c0\uc9c1\uc774\ub294 \uc774\uc790\uc728)\uac00 \ub354 \uc624\ub97c \uac00\ub2a5\uc131\uc5d0 \ub300\ube44\ud574, \uc2dc\uc7a5\uc774 \uae08\ub9ac \uc778\ud558 \uc2dc\uc810\uc744 \ub354 \ub4a4\ub85c \ubbf8\ub8e8\ub294 \u2018\uae30\ub300 \uc7ac\uc870\uc815(\uc7ac\uac00\uaca9\ud654, repricing\u00b7\uc608\uc0c1 \uacbd\ub85c\ub97c \uc0c8\ub85c \ubc18\uc601\ud558\ub294 \uacfc\uc815)\u2019\uc5d0 \ub300\uc751\ud558\ub294 \uc804\ub7b5\uc774\ub2e4.<\/p>\n

\uc774\ub7f0 \uacbd\uae30 \ud0c4\ub825\uc740 2023\ub144\uacfc \uc720\uc0ac\ud558\ub2e4. \ub2f9\uc2dc\uc5d0\ub3c4 \uac15\ud55c \uc9c0\ud45c\uac00 \uc5f0\uc900\uc758 \u2018\uc815\ucc45 \uc804\ud658(pivot\u00b7\uae34\ucd95\uc5d0\uc11c \uc644\ud654\ub85c \ubc14\ub00c\ub294 \uac83)\u2019 \uae30\ub300\ub97c \uc5ec\ub7ec \ucc28\ub840 \ub418\ub3cc\ub824\ub1a8\ub2e4. \ud604\uc7ac\ub294 \uae08\ub9ac \uc2dc\uc7a5\uc5d0\uc11c \ubcc0\ub3d9\uc131 \ud655\ub300 \uc2e0\ud638\ub97c \uc8fc\uc2dc\ud558\uace0 \uc788\ub2e4. VIX \ucf5c\uc635\uc158(call option\u00b7\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub294, \uc5f0\uc900\uc774 \ub2e4\uc74c \ud68c\uc758\uc5d0\uc11c \ub354 \ub9e4\ud30c\uc801(hawkish\u00b7\uae08\ub9ac \uc778\uc0c1 \ub610\ub294 \uace0\uae08\ub9ac \uc720\uc9c0\uc5d0 \uc801\uadf9\uc801\uc778) \uba54\uc2dc\uc9c0\ub97c \ub0bc \uacbd\uc6b0\uc758 \u2018\uc2dc\uc7a5 \ucda9\uaca9\u2019\uc5d0 \ub300\ube44\ud558\ub294 \uc0c1\ub300\uc801\uc73c\ub85c \uc800\ub834\ud55c \ud5e4\uc9c0(hedge\u00b7\uc190\uc2e4\uc744 \uc904\uc774\uae30 \uc704\ud55c \ubc29\uc5b4 \uac70\ub798) \uc218\ub2e8\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

3\uc6d4 \ubbf8 \uc2e0\uaddc\uc8fc\ud0dd\ud310\ub9e4 68.2\ub9cc\uac74, \uc804\ub9dd \uc0c1\ud68c\ub85c \uacbd\uae30 \ud0c4\ub825 \uc7ac\ud655\uc778. CPI\u00b7\uace0\uc6a9\ub3c4 \uac15\ud574 \uc5f0\uc900 \u2018\uc2e0\uc911 \ubaa8\ub4dc\u2019 \uac15\ud654, \uc5ec\ub984 \uc778\ud558 \ud6c4\ud1f4. 9\uc6d4 SOFR \ub9e4\ub3c4\u00b7TLT \ud48b\u00b7VIX \ucf5c \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-46222","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\/46222","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=46222"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46222\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=46222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=46222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=46222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}