{"id":47249,"date":"2026-05-21T22:50:08","date_gmt":"2026-05-21T22:50:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/4%ec%a3%bc%eb%ac%bc-%eb%af%b8%ea%b5%ad-%ec%9e%ac%eb%ac%b4%eb%b6%80-%eb%8b%a8%ea%b8%b0%ea%b5%ad%ec%b1%84t-bill-%ec%88%98%ec%9d%b5%eb%a5%a0-%ec%83%81%ec%8a%b9%ec%97%90-%ec%97%b0%ec%a4%80-%ea%b8%88\/"},"modified":"2026-05-21T22:50:08","modified_gmt":"2026-05-21T22:50:08","slug":"4%ec%a3%bc%eb%ac%bc-%eb%af%b8%ea%b5%ad-%ec%9e%ac%eb%ac%b4%eb%b6%80-%eb%8b%a8%ea%b8%b0%ea%b5%ad%ec%b1%84t-bill-%ec%88%98%ec%9d%b5%eb%a5%a0-%ec%83%81%ec%8a%b9%ec%97%90-%ec%97%b0%ec%a4%80-%ea%b8%88","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/4%ec%a3%bc%eb%ac%bc-%eb%af%b8%ea%b5%ad-%ec%9e%ac%eb%ac%b4%eb%b6%80-%eb%8b%a8%ea%b8%b0%ea%b5%ad%ec%b1%84t-bill-%ec%88%98%ec%9d%b5%eb%a5%a0-%ec%83%81%ec%8a%b9%ec%97%90-%ec%97%b0%ec%a4%80-%ea%b8%88\/","title":{"rendered":"4\uc8fc\ubb3c \ubbf8\uad6d \uc7ac\ubb34\ubd80 \ub2e8\uae30\uad6d\ucc44(T-bill) \uc218\uc775\ub960 \uc0c1\uc2b9\uc5d0 \uc5f0\uc900 \uae08\ub9ac\uc778\ud558 \ubca0\ud305 \ucd95\uc18c\u2026 \u2018\uace0\uae08\ub9ac \uc7a5\uae30\ud654\u2019 \ubc0f \ub2ec\ub7ec \uac15\uc138 \uc804\ub9dd \uac15\ud654"},"content":{"rendered":"<p>\ubbf8\uad6d \uad6d\ucc44 4\uc8fc\ubb3c(\ub9cc\uae30 4\uc8fc\uc778 \ub2e8\uae30 \uad6d\ucc44)\uc744 \uc785\ucc30(\uc815\ubd80\uac00 \uad6d\ucc44\ub97c \ubc1c\ud589\ud574 \uc2dc\uc7a5\uc5d0 \ud30c\ub294 \ubc29\uc2dd)\ub85c \ubc1c\ud589\ud55c \uacb0\uacfc, \ucd5c\uace0 \uae08\ub9ac(\ub099\ucc30 \ucd5c\uace0 \uae08\ub9ac)\ub294 3.61%\ub85c \uc9d1\uacc4\ub410\ub2e4. \uc9c1\uc804 4\uc8fc\ubb3c \uc785\ucc30\uc758 \ub099\ucc30 \uae08\ub9ac\ub294 3.605%\uc600\ub2e4.<\/p>\n<p>4\uc8fc\ubb3c \uad6d\ucc44 \uae08\ub9ac\uac00 3.61%\ub85c \uc18c\ud3ed \uc0c1\uc2b9\ud55c \uac83\uc740 \uc2dc\uc7a5\uc774 \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed\u00b7\ubbf8\uad6d \uc911\uc559\uc740\ud589)\uc758 \u2018\uc989\uac01\uc801\uc778 \uae30\uc900\uae08\ub9ac \uc778\ud558\u2019 \uae30\ub300\ub97c \uc77c\ubd80 \uac70\ub450\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \ub2e8\uae30 \uae08\ub9ac\uac00 \uc870\uae08 \uc624\ub978 \ub9cc\ud07c, \u2018\uae08\ub9ac\ub97c \ub192\uc740 \uc218\uc900\uc5d0\uc11c \uc624\ub798 \uc720\uc9c0(higher for longer)\u2019\ud560 \uac83\uc774\ub780 \uc804\ub9dd\uc774 \uac15\ud654\ub418\ub294 \ud750\ub984\uc73c\ub85c \ud574\uc11d\ub41c\ub2e4. \ub2e8\uae30 \uc2ec\ub9ac\uc758 \ubbf8\ubb18\ud558\uc9c0\ub9cc \uc911\uc694\ud55c \ubcc0\ud654\ub85c \ubcfc \uc218 \uc788\ub2e4.<\/p>\n<h3>SOFR \uc635\uc158\uc5d0 \ub300\ud55c \uc2dc\uc0ac\uc810<\/h3>\n<p>SOFR(\ub2f4\ubcf4\ubd80 \uc775\uc77c\ubb3c \uae08\ub9ac\u00b7\ubbf8\uad6d \uad6d\ucc44 \ub2f4\ubcf4 \ud658\ub9e4\uc870\uac74\ubd80\ucc44\uad8c \uac70\ub798\ub97c \ubc14\ud0d5\uc73c\ub85c \uc0b0\ucd9c\ub418\ub294 \ub2e8\uae30 \uae30\uc900\uae08\ub9ac) \uc120\ubb3c\uc5d0 \uc5f0\ub3d9\ub41c \uc635\uc158 \ub4f1, \uae08\ub9ac \ud30c\uc0dd\uc0c1\ud488(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9 \ubcc0\ub3d9\uc5d0 \ub530\ub77c \uac00\uce58\uac00 \ub2ec\ub77c\uc9c0\ub294 \uacc4\uc57d) \uc804\ub7b5\uc744 \uc810\uac80\ud560 \ud544\uc694\uac00 \uc788\ub2e4. CME FedWatch Tool(\uc120\ubb3c \uac00\uaca9\uc73c\ub85c \ub2e4\uc74c FOMC \ud68c\uc758\uc758 \uae08\ub9ac \uc804\ub9dd \ud655\ub960\uc744 \uacc4\uc0b0\ud574 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c)\uc5d0 \ub530\ub974\uba74 \ub2e4\uc74c \ud68c\uc758\uc5d0\uc11c \uae08\ub9ac\ub97c \uc778\ud558\ud560 \ud655\ub960\uc740 45% \ubbf8\ub9cc\uc73c\ub85c, \ubd88\uacfc \uc9c0\ub09c\uc8fc \uc57d 60%\uc5d0\uc11c \ub0b4\ub824\uc654\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc77c\ubd80 \ud2b8\ub808\uc774\ub354\ub294 \ud558\ubc18\uae30\ubb3c \uacc4\uc57d\uc5d0\uc11c \ucf5c\uc635\uc158(\ud2b9\uc815 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\ub3c4 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4. \uc774\ub294 \uc2dc\uc7a5 \uc608\uc0c1\ub300\ub85c Fed\uac00 \ub354 \uc624\ub798 \ub3d9\uacb0(\uae08\ub9ac\ub97c \uc720\uc9c0)\ud558\uba74 \uc774\uc775\uc774 \ub098\ub294 \uad6c\uc870\ub2e4.<\/p>\n<p>\uacbd\uc81c\uc9c0\ud45c\ub3c4 Fed\uac00 \uc2e0\uc911\ud558\uac8c \uc6c0\uc9c1\uc77c \uc5ec\uc9c0\ub97c \ub4b7\ubc1b\uce68\ud55c\ub2e4. \ucd5c\uadfc \uace0\uc6a9\ubcf4\uace0\uc11c\uc5d0\uc11c \uc2e0\uaddc \uc77c\uc790\ub9ac\uac00 21\ub9cc\uac1c \ub298\uc5c8\uace0, \ucd5c\uc2e0 CPI(\uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218)\uc5d0\uc11c\ub294 \uadfc\uc6d0 \ubb3c\uac00(\ubcc0\ub3d9\uc131\uc774 \ud070 \uc2dd\ub8cc\ud488\u00b7\uc5d0\ub108\uc9c0\ub97c \uc81c\uc678\ud55c \ubb3c\uac00)\uac00 3.1%\ub85c \uc27d\uac8c \ub0b4\ub824\uc624\uc9c0 \uc54a\ub294 \u2018\ub048\uc801\ud55c(sticky) \uc778\ud50c\ub808\uc774\uc158\u2019 \ud750\ub984\uc744 \ubcf4\uc600\ub2e4. \uc774\ub294 Fed \ubaa9\ud45c(\uc77c\ubc18\uc801\uc73c\ub85c \ubb3c\uac00\uc0c1\uc2b9\ub960 2%)\ub97c \uc5ec\uc804\ud788 \ud06c\uac8c \uc6c3\ub3c4\ub294 \uc218\uc900\uc774\ub2e4. \uc774\ub7f0 \uacac\uc870\ud568\uc740 2025\ub144 \ub0b4\ub0b4 \uae08\ub9ac \uc778\ud558 \uc608\uc0c1 \uc2dc\uc810\uc774 \ubc18\ubcf5\uc801\uc73c\ub85c \ub4a4\ub85c \ubc00\ub838\ub358 \ud750\ub984\uacfc \uc720\uc0ac\ud558\ub2e4.<\/p>\n<p>\uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c\ub294 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131 \ud655\ub300 \uc704\ud5d8\uc774 \ucee4\uc838 \ubcc0\ub3d9\uc131 \ud30c\uc0dd\uc0c1\ud488\uc5d0 \uad00\uc2ec\uc774 \uc3e0\ub9b4 \uc218 \uc788\ub2e4. VIX \uc9c0\uc218(\ubbf8 S&#038;P 500 \uc635\uc158 \uac00\uaca9\uc744 \ubc14\ud0d5\uc73c\ub85c \uc0b0\ucd9c\ud558\ub294 \ubcc0\ub3d9\uc131 \uc9c0\ud45c)\ub294 \ucd5c\uadfc \ucd5c\uc800 \uc218\uc900\uc778 13 \ubd80\uadfc\uc5d0\uc11c 16\uc744 \uc6c3\ub3c4\ub294 \uc218\uc900\uc73c\ub85c \uc62c\ub77c \ubd88\uc548 \uc2ec\ub9ac\ub97c \ubc18\uc601\ud558\uace0 \uc788\ub2e4. S&#038;P 500\uc758 \uc678\uac00\uaca9(out-of-the-money) \ud48b\uc635\uc158(\ud2b9\uc815 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac)\uc744 \ub9e4\uc218\ud558\uba74, \uae08\ub9ac \ubd88\uc548\uc774 \ucee4\uc9c8 \ub54c \uc8fc\uac00 \ud558\ub77d \uc704\ud5d8\uc5d0 \ub300\ube44\ud558\ub294 \ube44\uad50\uc801 \uc800\ube44\uc6a9 \ud5e4\uc9c0(\uc704\ud5d8 \ud68c\ud53c) \uc218\ub2e8\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n<p>\uae08\ub9ac \uae30\ub300 \ubcc0\ud654\ub294 \ub2ec\ub7ec \uac15\uc138\ub85c\ub3c4 \uc774\uc5b4\uc9c0\ub294 \ubaa8\uc2b5\uc774\ub2e4. \ub2ec\ub7ec\uc778\ub371\uc2a4(\uc5ec\ub7ec \uc8fc\uc694 \ud1b5\ud654 \ub300\ube44 \ub2ec\ub7ec \uac00\uce58\ub97c \ub098\ud0c0\ub0b4\ub294 \uc9c0\uc218)\ub294 \uc774\ub2ec \ub4e4\uc5b4 \uc57d 1% \uc0c1\uc2b9\ud588\ub2e4. \uc774\ub294 2025\ub144 \uc0c1\ubc18\uae30 Fed\uac00 \ub9e4\ud30c\uc801(\uae34\ucd95 \uc120\ud638) \uae30\uc870\ub97c \uc720\uc9c0\ud558\ub358 \uc2dc\uae30\uc640 \uc720\uc0ac\ud55c \ud750\ub984\uc774\ub2e4. \ub530\ub77c\uc11c \uc720\ub85c\ud654 \ub300\ube44 \ub2ec\ub7ec \ucf5c\uc635\uc158\ucc98\ub7fc \ub2ec\ub7ec \uac15\uc138\uc5d0 \uc720\ub9ac\ud55c \ud30c\uc0dd \uc804\ub7b5\uc758 \ub9e4\ub825\uc774 \ucee4\uc9c0\uace0 \uc788\ub2e4.<\/p>\n<h3>\ub2ec\ub7ec \uac15\uc138 \ud2b8\ub808\uc774\ub4dc \uc544\uc774\ub514\uc5b4<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>\ubbf8 \uad6d\ucc44 4\uc8fc\ubb3c \uc785\ucc30\uae08\ub9ac 3.61%\ub85c \uc18c\ud3ed \uc0c1\uc2b9, \u2018\uc989\uac01 \uc778\ud558\u2019 \uae30\ub300 \ud6c4\ud1f4 \uc2e0\ud638. FedWatch \uc778\ud558\ud655\ub960 45%\u2193. higher for longer \uac15\ud654\uc5d0 SOFR\u00b7\ub2ec\ub7ec \uac15\uc138\u00b7\ubcc0\ub3d9\uc131 \ud5e4\uc9c0 \uc804\ub7b5 \uc7ac\uc810\uac80 \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-47249","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\/47249","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=47249"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/47249\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=47249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=47249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=47249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}