{"id":47056,"date":"2026-05-19T22:51:02","date_gmt":"2026-05-19T22:51:02","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%eb%af%b8-%ea%b5%ad%ec%b1%84-%ea%b8%88%eb%a6%ac-%ec%9c%a0%ea%b0%80%eb%b0%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%9a%b0%eb%a0%a4%ec%97%90-%ec%83%81%ec%8a%b9%ea%b8%b0%ea%b0%84\/"},"modified":"2026-05-19T22:51:02","modified_gmt":"2026-05-19T22:51:02","slug":"%eb%af%b8-%ea%b5%ad%ec%b1%84-%ea%b8%88%eb%a6%ac-%ec%9c%a0%ea%b0%80%eb%b0%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%9a%b0%eb%a0%a4%ec%97%90-%ec%83%81%ec%8a%b9%ea%b8%b0%ea%b0%84","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%eb%af%b8-%ea%b5%ad%ec%b1%84-%ea%b8%88%eb%a6%ac-%ec%9c%a0%ea%b0%80%eb%b0%9c-%ec%9d%b8%ed%94%8c%eb%a0%88%ec%9d%b4%ec%85%98-%ec%9a%b0%eb%a0%a4%ec%97%90-%ec%83%81%ec%8a%b9%ea%b8%b0%ea%b0%84\/","title":{"rendered":"\ubbf8 \uad6d\ucc44 \uae08\ub9ac, \uc720\uac00\ubc1c \uc778\ud50c\ub808\uc774\uc158 \uc6b0\ub824\uc5d0 \uc0c1\uc2b9\u2026\uae30\uac04\ud504\ub9ac\ubbf8\uc5c4 \ud655\ub300\u00b7\uc5f0\uc900 \uae08\ub9ac\uc778\ud558 \uc804\ub9dd\uc5d0 \uc81c\ub3d9"},"content":{"rendered":"

\ubbf8 \uad6d\ucc44 \uae08\ub9ac\uac00 20\uc77c(\ud604\uc9c0\uc2dc\uac04) \uc0c1\uc2b9\ud588\ub2e4. 30\ub144\ubb3c \uae08\ub9ac\ub294 5.195%, 10\ub144\ubb3c \uae08\ub9ac\ub294 4.683%\ub97c \uae30\ub85d\ud588\ub2e4. 30\ub144\ubb3c\uc740 \uc7a5\uc911 5.197%\uae4c\uc9c0 \uc62c\ub77c 2007\ub144 7\uc6d4 \uc774\ud6c4 \ucd5c\uace0\uce58\ub97c \ucc0d\uc5c8\ub2e4.<\/p>\n

\uae08\ub9ac(\ucc44\uad8c \uc218\uc775\ub960) \uc0c1\uc2b9\uc740 \uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9)\uc774 \uc608\uc0c1\ubcf4\ub2e4 \uc624\ub798 \uc774\uc5b4\uc9c8 \uc218 \uc788\ub2e4\ub294 \uc6b0\ub824\uac00 \ucee4\uc9c4 \uc601\ud5a5\uc774\ub2e4. \uc774\ub780\uc774 \uc5f0\ub8e8\ub41c \ubd84\uc7c1\uc73c\ub85c \uc5d0\ub108\uc9c0 \uac00\uaca9\uc774 \uc624\ub974\uba74\uc11c \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300(\uc55e\uc73c\ub85c \ubb3c\uac00\uac00 \uc624\ub97c \uac83\uc774\ub77c\ub294 \uc2dc\uc7a5\uc758 \uc608\uc0c1)\ub3c4 \ub192\uc544\uc84c\ub2e4.<\/p>\n

\uc778\ud50c\ub808\uc774\uc158 \uc6b0\ub824\uac00 \uae08\ub9ac \uc7ac\ud3c9\uac00 \ucd09\ubc1c<\/h3>\n

\uc720\uac00 \uc0c1\uc2b9\uc740 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\ubbf8 \uc911\uc559\uc740\ud589)\uc758 \ub2e4\uc74c \uc870\uce58\uac00 \uae08\ub9ac \uc778\ud558(\uae30\uc900\uae08\ub9ac \ub0b4\ub9ac\uae30)\uc77c \uac83\uc774\ub77c\ub294 \uae30\ub300\uc5d0\ub3c4 \uc758\ubb38\uc744 \ud0a4\uc6e0\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc2dc\uc7a5\uc740 \ud1b5\ud654\uc815\ucc45(\uc911\uc559\uc740\ud589\uc758 \uae08\ub9ac\u00b7\uc720\ub3d9\uc131 \uc815\ucc45) \uacbd\ub85c\ub97c \ub2e4\uc2dc \uacc4\uc0b0\ud558\uace0 \uc788\ub2e4.<\/p>\n

\uc7a5\uae30 \uad6d\ucc44\ub294 \u2018\uae30\uac04 \ud504\ub9ac\ubbf8\uc5c4(term premium)\u2019 \uc0c1\uc2b9 \uc555\ub825\ub3c4 \ubc1b\uc558\ub2e4. \uae30\uac04 \ud504\ub9ac\ubbf8\uc5c4\uc740 \uc7a5\uae30\uac04 \ub3c8\uc774 \ubb36\uc774\ub294 \uc704\ud5d8\uc744 \ubcf4\uc0c1\ubc1b\uae30 \uc704\ud574 \ud22c\uc790\uc790\ub4e4\uc774 \ucd94\uac00\ub85c \uc694\uad6c\ud558\ub294 \uae08\ub9ac\ub2e4. \uc7ac\uc815\uc801\uc790(\uc815\ubd80 \uc9c0\ucd9c\uc774 \uc218\uc785\ubcf4\ub2e4 \ub9ce\uc740 \uc0c1\ud0dc)\uac00 \uacc4\uc18d\ub418\uace0 \uc815\ubd80\uc758 \ucc28\uc785(\uad6d\ucc44 \ubc1c\ud589) \uaddc\ubaa8\uac00 \ub298\uc5b4\ub0a0 \uc218 \uc788\ub2e4\ub294 \uc6b0\ub824\uac00 \uc7a5\uae30\ubb3c \ubd80\ub2f4\uc744 \ud0a4\uc6e0\ub2e4.<\/p>\n

\ub85c\uc774\ud130\uac00 \ubcf4\ub3c4\ud55c \ubc45\ud06c\uc624\ube0c\uc544\uba54\ub9ac\uce74 \uc124\ubb38\uc5d0 \ub530\ub974\uba74 \ud380\ub4dc\ub9e4\ub2c8\uc800\uc758 62%\uac00 \ud5a5\ud6c4 1\ub144 \uc548\uc5d0 \ubbf8\uad6d 30\ub144\ubb3c \uae08\ub9ac\uac00 6%\ub97c \ub118\uc744 \uac83\uc73c\ub85c \uc608\uc0c1\ud588\ub2e4. \uc7a5\uae30 \uae08\ub9ac\uac00 \ub354 \uc624\ub97c \uac00\ub2a5\uc131\uc744 \uc2dc\uc7a5\uc774 \ubcf4\uace0 \uc788\ub2e4\ub294 \uc758\ubbf8\ub2e4.<\/p>\n

\uc2dc\uc7a5 \ucc38\uac00\uc790\ub4e4\uc740 \uc911\ub3d9 \uae34\uc7a5 \ubcc0\ud654\uac00 \uc720\uac00\uc640 \uc778\ud50c\ub808\uc774\uc158\uc5d0 \ubbf8\uce60 \uc601\ud5a5\ub3c4 \uc8fc\uc2dc\ud558\uace0 \uc788\ub2e4. \uc7a5\uae30 \ucc28\uc785 \ube44\uc6a9\uc774 \uacc4\uc18d \ub192\uc544\uc9c0\uba74 \uc8fc\ud0dd\ub2f4\ubcf4\ub300\ucd9c(\ubaa8\uae30\uc9c0), \uc18c\ube44\uc790 \uc2e0\uc6a9(\uce74\ub4dc\u00b7\ub300\ucd9c \ub4f1), \uc8fc\uc2dd \uac00\uce58\ud3c9\uac00(\ubc38\ub958\uc5d0\uc774\uc158)\uc5d0 \ubd80\ub2f4\uc744 \uc904 \uc218 \uc788\ub2e4.<\/p>\n

2025\ub144 \ub9d0 \uc2dc\uc7a5 \uc0c1\ud669\uacfc \ube44\uad50<\/h3>\n

2025\ub144 \ub9d0 30\ub144\ubb3c \uad6d\ucc44 \uae08\ub9ac\uac00 5.19%\ub97c \ub118\uc5b4\uc11c\uba70 \ucc44\uad8c\uc2dc\uc7a5\uc774 \ud070 \uc555\ubc15\uc744 \ubc1b\uc558\ub358 \uc2dc\uae30\ub97c \ub5a0\uc62c\ub9ac\uac8c \ud55c\ub2e4. \ub2f9\uc2dc\uc5d0\ub3c4 \uace0\ubb3c\uac00 \uc7a5\uae30\ud654 \uc6b0\ub824\uc640 \uc9c0\uc815\ud559\uc801 \ubd88\uc548\uc774 \uc8fc\uc694 \ubc30\uacbd\uc774\uc5c8\ub2e4. \ud604\uc7ac\ub294 30\ub144\ubb3c\uc774 4.55% \ubd80\uadfc, 10\ub144\ubb3c\uc774 4.41% \uc548\ud30e\uc5d0\uc11c \uac70\ub798\ub418\ub294 \ub4f1 \ud658\uacbd\uc774 \ub2ec\ub77c\uc84c\ub2e4.<\/p>\n

\ub2f9\uc2dc \ubd88\uc548\uc744 \ud0a4\uc6e0\ub358 \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc0c1\uc2b9\uc740 \uc911\ub3d9 \uae34\uc7a5\uc774 \uc9c4\uc815\ub418\uba74\uc11c \uc644\ud654\ub410\ub2e4. \uc11c\ubd80\ud14d\uc0ac\uc2a4\uc0b0\uc6d0\uc720(WTI\u00b7\ubbf8\uad6d\uc0b0 \uc6d0\uc720 \uac00\uaca9\uc758 \ub300\ud45c \uc9c0\ud45c)\ub294 \ubc30\ub7f4\ub2f9 78\ub2ec\ub7ec \uadfc\ucc98\uc5d0\uc11c \uc6c0\uc9c1\uc774\uace0 \uc788\uc73c\uba70, \uc9c0\ub09c\ud574 \ubd84\uc7c1 \ub2f9\uc2dc \uace0\uc810 \ub300\ube44 \ud06c\uac8c \ub0b4\ub824 \ubb3c\uac00 \uc804\ub9dd\uc5d0 \ubd80\ub2f4\uc744 \ub35c\uc5c8\ub2e4.<\/p>\n

\uc774\uc5d0 \ub530\ub77c \uc5f0\uc900\uc758 \ud0dc\ub3c4\ub3c4 2025\ub144\uc758 \ub9e4\ud30c\uc801(\uae08\ub9ac \uc778\uc0c1\uc5d0 \ub354 \uc801\uadf9\uc801\uc778) \uae30\uc870\uc5d0\uc11c \uc644\ud654\ub410\ub2e4. \ucd5c\uadfc \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI\u00b7\uac00\uacc4\uac00 \uc0ac\ub294 \uc8fc\uc694 \uc0c1\ud488\u00b7\uc11c\ube44\uc2a4 \uac00\uaca9\uc744 \ubaa8\uc740 \ubb3c\uac00 \uc9c0\ud45c)\ub294 \uc804\ub144 \ub300\ube44 \ud5e4\ub4dc\ub77c\uc778(\uc804\uccb4) \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 2.9%\ub85c \ub454\ud654\ub41c \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\ub2e4. \uc5f0\uc900\uc740 \uc774\ub97c \ubc14\ud0d5\uc73c\ub85c \uc62c\ud574 \ucd08 25bp(\ubca0\uc774\uc2dc\uc2a4\ud3ec\uc778\ud2b8\u00b70.01%\ud3ec\uc778\ud2b8) \uae08\ub9ac \uc778\ud558\ub97c \ub2e8\ud589\ud560 \uc5ec\uc9c0\uac00 \uc0dd\uacbc\uace0, \uc774\ub7f0 \uc804\ud658\uc774 \uc7a5\uae30 \uae08\ub9ac\ub97c \uace0\uc810\uc5d0\uc11c \ub04c\uc5b4\ub0b4\ub9ac\ub294 \ub370 \uc601\ud5a5\uc744 \uc92c\ub2e4.<\/p>\n

\uc774\ub7f0 \ubc30\uacbd\uc744 \uace0\ub824\ud558\uba74, \ub514\uc2a4\uc778\ud50c\ub808\uc774\uc158(\ubb3c\uac00 \uc0c1\uc2b9\ub960 \ub454\ud654) \ud750\ub984\uc774 \uba48\ucd9c \uc218 \uc788\ub294 \uc0c1\ud669\uc5d0 \ub300\ube44\ud55c \uc804\ub7b5\uc744 \uc0dd\uac01\ud574\ubcfc \uc218 \uc788\ub2e4. \uc2dc\uc7a5\uc740 \uc62c\ud574 \ucd94\uac00\ub85c 1~2\ucc28\ub840 \uae08\ub9ac \uc778\ud558\ub97c \uc774\ubbf8 \ubc18\uc601(\uac00\uaca9\uc5d0 \uc120\ubc18\uc601)\ud55c \ub9cc\ud07c, \ubb3c\uac00\uac00 \uc608\uc0c1\ubcf4\ub2e4 \uc798 \ub0b4\ub824\uac00\uc9c0 \uc54a\uc73c\uba74(\ub048\uc801\ud55c \uc778\ud50c\ub808\uc774\uc158) \uc2dc\uc7a5\uc774 \ucde8\uc57d\ud574\uc9c8 \uc218 \uc788\ub2e4. \uc774\ub294 \ud5a5\ud6c4 \uc218\uc8fc \ub3d9\uc548 \uae08\ub9ac\uac00 \ubc15\uc2a4\uad8c(\uc77c\uc815 \ubc94\uc704)\uc5d0\uc11c \uc6c0\uc9c1\uc774\uac70\ub098 \uc18c\ud3ed \uc624\ub97c \uac00\ub2a5\uc131\uc744 \uc2dc\uc0ac\ud55c\ub2e4.<\/p>\n

\ub300\uc548\uc73c\ub85c\ub294 10\ub144\ubb3c \uad6d\ucc44\uc120\ubb3c(ZN\u00b7\uc2dc\uce74\uace0\uc0c1\ud488\uac70\ub798\uc18c\uc758 10\ub144\ubb3c \ubbf8 \uad6d\ucc44 \uc120\ubb3c) \ud48b\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\uac70\ub098, \uc2a4\uc651\uc158(swaptions\u00b7\uae08\ub9ac \uc2a4\uc651 \uacc4\uc57d\uc744 \ub098\uc911\uc5d0 \uccb4\uacb0\ud560 \uc218 \uc788\ub294 \uc635\uc158) \uac19\uc740 \uae08\ub9ac \ubcc0\ub3d9\uc131(\uae08\ub9ac\uc758 \ud754\ub4e4\ub9bc) \uc0c1\ud488\uc744 \ud65c\uc6a9\ud558\ub294 \ubc29\ubc95\uc774 \uc788\ub2e4. \uc774\ub294 \ud5a5\ud6c4 \uacbd\uc81c\uc9c0\ud45c\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub728\uac81\uac8c(\uacbd\uae30\u00b7\ubb3c\uac00\uac00 \uac15\ud558\uac8c) \ub098\uc624\uba70 \uae08\ub9ac(\uc218\uc775\ub960)\uac00 \uae09\ub4f1\ud560 \ub54c\ub97c \ub300\ube44\ud558\ub294 \ud5e4\uc9c0(\uc704\ud5d8 \ud68c\ud53c) \uc218\ub2e8\uc774 \ub41c\ub2e4. \uc190\uc2e4 \ud55c\ub3c4\uac00 \uc815\ud574\uc9c4(\uc815\uc758\ub41c \uc704\ud5d8) \ubc29\uc2dd\uc73c\ub85c, \uc5f0\uc900\uc758 \uae08\ub9ac \uc778\ud558 \uacbd\ub85c\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \ub099\uad00\uc774 \uacfc\ub3c4\ud560 \uac00\ub2a5\uc131\uc5d0 \ubca0\ud305\ud560 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u2018\uc778\ud50c\ub808 \uc7ac\uc810\ud654\u2019 \uacbd\uace0\uc5d0 \ubbf8 \uad6d\ucc44\uae08\ub9ac \uae09\ub4f1\u202630\ub144\ubb3c 5.195%\ub85c 2007\ub144 \uc774\ud6c4 \ucd5c\uace0. \uc720\uac00\u00b7\uc911\ub3d9 \ub9ac\uc2a4\ud06c\uc640 \uc7ac\uc815\uc801\uc790 \uc6b0\ub824\uc5d0 \uae30\uac04\ud504\ub9ac\ubbf8\uc5c4 \ud655\ub300, \uc778\ud558 \uae30\ub300 \ud754\ub4e4. \ud5e4\uc9c0\uc218\uc694\u2191.<\/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-47056","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\/47056","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=47056"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/47056\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=47056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=47056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=47056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}