{"id":48362,"date":"2026-03-04T13:44:42","date_gmt":"2026-03-04T13:44:42","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%9d%b4%ed%83%88%eb%a6%ac%ec%95%84%ec%9d%98-1%ec%9b%94-%ec%8b%a4%ec%97%85%eb%a5%a0%ec%9d%b4-5-1%eb%a1%9c-%ed%95%98%eb%9d%bd%ed%95%b4-%ec%a0%84%eb%a7%9d%ec%b9%98-5-6%eb%a5%bc-%ec%9b%83%eb%8f%8c\/"},"modified":"2026-03-04T13:44:42","modified_gmt":"2026-03-04T13:44:42","slug":"%ec%9d%b4%ed%83%88%eb%a6%ac%ec%95%84%ec%9d%98-1%ec%9b%94-%ec%8b%a4%ec%97%85%eb%a5%a0%ec%9d%b4-5-1%eb%a1%9c-%ed%95%98%eb%9d%bd%ed%95%b4-%ec%a0%84%eb%a7%9d%ec%b9%98-5-6%eb%a5%bc-%ec%9b%83%eb%8f%8c","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%9d%b4%ed%83%88%eb%a6%ac%ec%95%84%ec%9d%98-1%ec%9b%94-%ec%8b%a4%ec%97%85%eb%a5%a0%ec%9d%b4-5-1%eb%a1%9c-%ed%95%98%eb%9d%bd%ed%95%b4-%ec%a0%84%eb%a7%9d%ec%b9%98-5-6%eb%a5%bc-%ec%9b%83%eb%8f%8c\/","title":{"rendered":"\uc774\ud0c8\ub9ac\uc544\uc758 1\uc6d4 \uc2e4\uc5c5\ub960\uc774 5.1%\ub85c \ud558\ub77d\ud574 \uc804\ub9dd\uce58 5.6%\ub97c \uc6c3\ub3cc\uba70, \ub178\ub3d9\uc2dc\uc7a5 \uc5ec\uac74\uc774 \uac1c\uc120\ub410\uc74c\uc744 \uc2dc\uc0ac\ud588\ub2e4."},"content":{"rendered":"\uc774\ud0c8\ub9ac\uc544\uc758 \uc2e4\uc5c5\ub960\uc740 1\uc6d4\uc5d0 5.1%\uc600\uc2b5\ub2c8\ub2e4. \uc774\ub294 \uc804\ub9dd\uce58 5.6%\ubcf4\ub2e4 \ub0ae\uc558\uc2b5\ub2c8\ub2e4.\n\n2026\ub144 1\uc6d4 \uc2e4\uc5c5\ub960\uc774 5.1%\ub85c \uc608\uc0c1\ubcf4\ub2e4 \ub0ae\uac8c \ub098\uc628 \uac83\uc740, 2025\ub144 \ub9d0\uae4c\uc9c0 \uc6b0\ub9ac\uac00 \uac00\uc84c\ub358 \u2018\uacbd\uae30 \ub454\ud654 \uac00\ub2a5\uc131\u2019\uc774\ub77c\ub294 \uc2dc\uac01\uc5d0 \uc758\ubb38\uc744 \ub358\uc9d1\ub2c8\ub2e4. \uc774 \ub370\uc774\ud130\ub294 \uc774\ud0c8\ub9ac\uc544 \uacbd\uc81c\uc758 \uae30\ucd08 \uccb4\ub825\uc774 \uc0dd\uac01\ubcf4\ub2e4 \uac15\ud560 \uc218 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud558\uba70, \uc774\ub294 \ub354 \ub192\uc740 \uc18c\ube44 \uc9c0\ucd9c\ub85c \uc774\uc5b4\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 2025\ub144 4\ubd84\uae30\uc5d0 \ubcf4\uc600\ub358 \ud3c9\uade0 5.8%\uc640 \ube44\uad50\ud574 \ub208\uc5d0 \ub744\ub294 \ucc28\uc774\uc785\ub2c8\ub2e4.\n\n

\ud1b5\ud654\uc815\ucc45\uc5d0 \ub300\ud55c \uc2dc\uc0ac\uc810<\/h3>\n\n\uc774\ubc88\ucc98\ub7fc \uc608\uc0c1\ubcf4\ub2e4 \uac15\ud55c \uace0\uc6a9(\uc77c\uc790\ub9ac) \ubcf4\uace0\uc11c\ub294 \uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)\uc774 \uae08\ub9ac \uc778\ud558\uc5d0 \ub354 \uc2e0\uc911\ud574\uc9c0\ub3c4\ub85d \ub9cc\ub4e4 \uac00\ub2a5\uc131\uc774 \ud07d\ub2c8\ub2e4. **\uc720\ub7fd\uc911\uc559\uc740\ud589(ECB)**\uc740 \uc720\ub85c\ud654\ub97c \uc4f0\ub294 \ub098\ub77c\ub4e4\uc758 \uae30\uc900\uae08\ub9ac\ub97c \uacb0\uc815\ud558\ub294 \uae30\uad00\uc785\ub2c8\ub2e4. \ub530\ub77c\uc11c 2\ubd84\uae30\uc5d0 \u2018\ud070 \ud3ed\uc758 \uae08\ub9ac \uc778\ud558\u2019\ub97c \uc608\uc0c1\ud558\uace0 \ubca0\ud305\ud55c(\uadf8\uc5d0 \ub9de\ucdb0 \ud22c\uc790\ud55c) \ud3ec\uc9c0\uc158\uc740 \ub2e4\uc2dc \uc810\uac80\ud560 \ud544\uc694\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uc2dc\uc7a5\uc740 \uc774\uc81c 6\uc6d4 \uae08\ub9ac \uc778\ud558 \uac00\ub2a5\uc131\uc744 \ub0ae\uac8c \ubcf4\uae30 \uc2dc\uc791\ud560 \uc218 \uc788\uace0, \uadf8 \uacb0\uacfc \ub2e8\uae30 \uae08\ub9ac \uae30\ub300\uac00 \uc62c\ub77c(\ub2e8\uae30 \uad6d\ucc44 \uc218\uc775\ub960\uc774 \uc624\ub97c) \uc218 \uc788\uc2b5\ub2c8\ub2e4. **\uc218\uc775\ub960(yield)**\uc740 \ucc44\uad8c\uc744 \uc0c0\uc744 \ub54c \uae30\ub300\ub418\ub294 \uc774\uc790 \uc218\uc775\uc758 \uc218\uc900\uc744 \ub73b\ud569\ub2c8\ub2e4.\n\n\uc774\ud0c8\ub9ac\uc544 \uc8fc\uc2dd \ube44\uc911\uc744 \ub298\ub9ac\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \uc218 \uc788\uc73c\uba70, \ud2b9\ud788 FTSE MIB \uc9c0\uc218\uc758 \ucf5c\uc635\uc158\uc744 \ud65c\uc6a9\ud558\ub294 \ubc29\ubc95\uc774 \uc788\uc2b5\ub2c8\ub2e4. **FTSE MIB \uc9c0\uc218**\ub294 \uc774\ud0c8\ub9ac\uc544 \uc8fc\uc694 \ub300\ud615\uc8fc\uc758 \ub300\ud45c \uc8fc\uac00\uc9c0\uc218\uc785\ub2c8\ub2e4. **\ucf5c\uc635\uc158(call option)**\uc740 \uc815\ud574\uc9c4 \uac00\uaca9\uc73c\ub85c \ub098\uc911\uc5d0 \uc0b4 \uc218 \uc788\ub294 \u2018\uc0b4 \uad8c\ub9ac\u2019\ub85c, \uac00\uaca9\uc774 \uc624\ub97c \ub54c \uc774\uc775\uc744 \ub178\ub9ac\ub294 \uc0c1\ud488\uc785\ub2c8\ub2e4. \ub178\ub3d9\uc2dc\uc7a5\uc774 \uac15\ud558\uba74 \uc18c\ube44 \uad00\ub828 \uc5c5\uc885\uacfc \uc740\ud589\uc5c5\uc5d0 \uc9c1\uc811 \ub3c4\uc6c0\uc774 \ub418\ub294\ub370, \uc774\ub4e4 \uc5c5\uc885\uc740 \uc9c0\uc218\uc5d0\uc11c \ube44\uc911\uc774 \ud07d\ub2c8\ub2e4. \ub2e4\uc74c ECB \ud68c\uc758 \uc804\ud6c4 \ub9cc\uae30\uc758 \uc635\uc158\uc5d0\uc11c \ubcc0\ub3d9\uc131(\uac00\uaca9 \ud754\ub4e4\ub9bc)\uc774 \ucee4\uc9c8 \uc218 \uc788\uc73c\ub2c8 \uc8fc\uc758 \uae4a\uac8c \ubcfc \ud544\uc694\uac00 \uc788\uc2b5\ub2c8\ub2e4. **\ub0b4\uc7ac\ubcc0\ub3d9\uc131(implied volatility)**\uc740 \uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \u2018\uc55e\uc73c\ub85c\uc758 \ubcc0\ub3d9\uc131 \uc608\uc0c1\uce58\u2019\ub97c \ub9d0\ud569\ub2c8\ub2e4.\n\n\uc774\ubc88 \uc18c\uc2dd\uc740 \uc720\ub85c\ud654\uc5d0\ub3c4 \ud798\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ud0c8\ub9ac\uc544\ub294 \uc720\ub85c\uc874\uc5d0\uc11c \uc138 \ubc88\uc9f8\ub85c \ud070 \uacbd\uc81c\uc774\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \ub2ec\ub7ec \ub300\ube44 \uc720\ub85c \uac15\uc138\uc5d0\uc11c \uc218\uc775\uc744 \ub178\ub9ac\ub294 \ud30c\uc0dd\uc0c1\ud488, \uc608\ub97c \ub4e4\uc5b4 EUR\/USD \ucf5c\uc635\uc158 \ub9e4\uc218\uac00 \ub354 \ub9e4\ub825\uc801\uc73c\ub85c \ubcf4\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4. **\ud30c\uc0dd\uc0c1\ud488(derivative)**\uc740 \uc8fc\uc2dd\u00b7\ud658\uc728\u00b7\uae08\ub9ac \uac19\uc740 \uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc744 \ubc14\ud0d5\uc73c\ub85c \uac00\uce58\uac00 \uacb0\uc815\ub418\ub294 \uae08\uc735\uc0c1\ud488\uc785\ub2c8\ub2e4. \uc774\uc804\uc5d0 1.10\uc774 \u2018\uc800\ud56d\uc120\u2019\uc73c\ub85c \uc791\uc6a9\ud588\ub294\ub370, \uc774 \uae0d\uc815\uc801 \ud750\ub984\uc774 \uc720\ub85c\uc874 \uc804\ubc18\uc73c\ub85c \uc774\uc5b4\uc9c4\ub2e4\uba74 \ud5a5\ud6c4 \uba87 \uc8fc \uc548\uc5d0 \ub2e4\uc2dc \uc2dc\ud5d8\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. **\uc800\ud56d\uc120(resistance)**\uc740 \uac00\uaca9\uc774 \uc62c\ub77c\uac08 \ub54c \uc790\uc8fc \ub9c9\ud788\ub294 \uac00\uaca9\ub300(\uc2ec\ub9ac\uc801\u00b7\uae30\uc220\uc801 \ubcbd)\ub97c \ub73b\ud569\ub2c8\ub2e4.\n\n\uc774\ubc88 \ubcf4\uace0\uc11c\ub85c \uc774\ud0c8\ub9ac\uc544\uc758 \uad6d\uac00\uc2e0\uc6a9 \uc704\ud5d8\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \uc6b0\ub824\ub294 \uc904\uc5b4\ub4e4 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc774\uc5d0 \ub530\ub77c \uc774\ud0c8\ub9ac\uc544 \uad6d\ucc44\uc758 CDS \uc2a4\ud504\ub808\ub4dc\uac00 \ucd95\uc18c\ub420 \uc218 \uc788\uc73c\uba70, \ud2b9\ud788 2025\ub144 \uc5d0\ub108\uc9c0 \uac00\uaca9 \uc6b0\ub824 \uad6d\uba74\uc5d0\uc11c \uc2a4\ud504\ub808\ub4dc\uac00 \ub113\uc5b4\uc84c\ub358 \uac83\uacfc \ube44\uad50\ud558\uba74 \ub354 \ub450\ub4dc\ub7ec\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4. **CDS(\uc2e0\uc6a9\ubd80\ub3c4\uc2a4\uc651)**\ub294 \ucc44\uad8c\uc774 \ubd80\ub3c4(\ub3c8\uc744 \ubabb \uac1a\ub294 \uc0c1\ud669) \ub0a0 \uc704\ud5d8\uc744 \ubcf4\ud5d8\ucc98\ub7fc \uac70\ub798\ud558\ub294 \uc0c1\ud488\uc785\ub2c8\ub2e4. **\uc2a4\ud504\ub808\ub4dc(spread)**\ub294 \uc704\ud5d8\uc5d0 \ub300\ud55c \ucd94\uac00 \ube44\uc6a9(\ud504\ub9ac\ubbf8\uc5c4)\uc744 \ub73b\ud558\uba70, \uc904\uc5b4\ub4e4\uba74 \u201c\uc704\ud5d8\uc774 \ub0ae\uc544\uc84c\ub2e4\u201d\ub294 \ub73b\uc73c\ub85c \ud574\uc11d\ub418\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4. \uac00\ub2a5\ud55c \uc804\ub7b5\uc73c\ub85c\ub294 CDS \ubcf4\ud638\ub97c \ud30c\ub294 \ubc29\ubc95(\ubcf4\ud5d8\uc744 \ud314\uace0 \uc218\uc218\ub8cc\ub97c \ubc1b\ub294 \ud615\ud0dc)\uc774\ub098, \uc774\ud0c8\ub9ac\uc544 \uae30\uc5c5 \ucc44\uad8c\uc744 \uc0ac\ub294 \ubc29\ubc95\uc774 \uc788\uc2b5\ub2c8\ub2e4. **\uc18c\ubc84\ub9b0 \ubd80\ucc44(sovereign debt)**\ub294 \uad6d\uac00(\uc815\ubd80)\uac00 \ubc1c\ud589\ud55c \ube5a, \uc989 \uad6d\ucc44\ub97c \ub9d0\ud569\ub2c8\ub2e4.\n\n\n

VT Markets \ub77c\uc774\ube0c \uacc4\uc815\uc744 \ub9cc\ub4e4\uace0 \uc9c0\uae08 \ubc14\ub85c \uac70\ub798<\/a>\ub97c \uc2dc\uc791\ud558\uc138\uc694.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"

\uc774\ud0c8\ub9ac\uc544 \uc2e4\uc5c5\ub960 5.1% \uc1fc\ud06c! 1\uc6d4 \uc218\uce58\uac00 \uc804\ub9dd 5.6%\u00b7\uc804\ubd84\uae30 \ud3c9\uade0 5.8%\ub97c \ubc11\ub3cc\uba70 \uacbd\uae30 \ub454\ud654 \uc6b0\ub824\ub97c \ud754\ub4ed\ub2c8\ub2e4. ECB \uae08\ub9ac\uc778\ud558 \uc2e0\uc911, \uc8fc\uc2dd\u00b7\uc720\ub85c \uac15\uc138, CDS \ucd95\uc18c \uac00\ub2a5. – vtmarkets.com<\/p>\n","protected":false},"author":103,"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-48362","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\/48362","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\/103"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=48362"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/48362\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=48362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=48362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=48362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}