{"id":50821,"date":"2026-07-03T14:57:50","date_gmt":"2026-07-03T14:57:50","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr-asia\/uncategorized\/mufg-%eb%af%b8-%ea%b3%a0%ec%9a%a9%ec%a7%80%ed%91%9c-%eb%b6%80%ec%a7%84-%ec%8b%9c-%ec%97%b0%ec%a4%80-%ea%b8%88%eb%a6%ac-%ec%a0%84%eb%a7%9d-%ec%9e%ac%ec%a1%b0%ec%a0%95%eb%8b%ac\/"},"modified":"2026-07-03T14:57:50","modified_gmt":"2026-07-03T14:57:50","slug":"mufg-%eb%af%b8-%ea%b3%a0%ec%9a%a9%ec%a7%80%ed%91%9c-%eb%b6%80%ec%a7%84-%ec%8b%9c-%ec%97%b0%ec%a4%80-%ea%b8%88%eb%a6%ac-%ec%a0%84%eb%a7%9d-%ec%9e%ac%ec%a1%b0%ec%a0%95%eb%8b%ac","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/mufg-%eb%af%b8-%ea%b3%a0%ec%9a%a9%ec%a7%80%ed%91%9c-%eb%b6%80%ec%a7%84-%ec%8b%9c-%ec%97%b0%ec%a4%80-%ea%b8%88%eb%a6%ac-%ec%a0%84%eb%a7%9d-%ec%9e%ac%ec%a1%b0%ec%a0%95%eb%8b%ac\/","title":{"rendered":"MUFG \u201c\ubbf8 \uace0\uc6a9\uc9c0\ud45c \ubd80\uc9c4 \uc2dc \uc5f0\uc900 \uae08\ub9ac \uc804\ub9dd \uc7ac\uc870\uc815\u2026\ub2ec\ub7ec \uac15\uc138 \ub418\ub3cc\ub9bc \uc608\uc0c1\u201d"},"content":{"rendered":"

MUFG\ub294 \ubbf8\uad6d \uace0\uc6a9\uc9c0\ud45c\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ubd80\uc9c4\ud560 \uacbd\uc6b0 \uc2dc\uc7a5\uc774 \uc5f0\uc900(Fed) \uc815\ucc45 \uae30\ub300\ub97c \u2018\ucd94\uac00 \uae34\ucd95\u2019\uc5d0\uc11c \u2018\uae08\ub9ac\uc778\ud558 \uc704\ud5d8 \ud655\ub300\u2019 \ucabd\uc73c\ub85c \uc7ac\uac00\uaca9\ud654\ud560 \uc218 \uc788\ub2e4\uace0 \ubc1d\ud614\ub2e4. MUFG\ub294 \ube44\ub18d\uc5c5\ubd80\ubb38 \uace0\uc6a9 \uc99d\uac00\uc138 \ub454\ud654, \uc2ec\ub9ac\uc9c0\ud45c \uc545\ud654, \uc778\ud50c\ub808\uc774\uc158 \ub9ac\uc2a4\ud06c \uc644\ud654\ub97c \uadfc\uac70\ub85c \ub4e4\uc5c8\uc73c\uba70, \uc5f0\uc900\uc740 \ub2f9\ubd84\uac04 \ub3d9\uacb0 \uae30\uc870\ub97c \uc720\uc9c0\ud558\uace0 \ucd5c\uadfc \ub2ec\ub7ec \uac15\uc138\ub3c4 \ub418\ub3cc\ub9bc(\ub9ac\ud2b8\ub808\uc774\uc2a4) \uad6d\uba74\uc5d0 \ub4e4\uc5b4\uac08 \uac83\uc73c\ub85c \uc804\ub9dd\ud588\ub2e4.<\/p>\n

MUFG\ub294 \uc2dc\uc7a5\uc774 2027\ub144 3\uc6d4\uae4c\uc9c0 \uae30\uc900\uae08\ub9ac \uc778\uc0c1\uc774 \uac70\uc758 2\ud68c\uc5d0 \uac00\uae4c\uc6b4 \uc218\uc900\uc73c\ub85c \ubc18\uc601\ud574 \uc654\ub2e4\uace0 \uc5b8\uae09\ud558\uba70, 6\uc6d4 \uace0\uc6a9\uc9c0\ud45c\uac00 \uc774\ub7ec\ud55c \uae30\ub300\ub97c \uc7ac\ud3c9\uac00\ud558\ub294 \ucd09\ub9e4\uac00 \ub3fc\uc57c \ud55c\ub2e4\uace0 \uc8fc\uc7a5\ud588\ub2e4. \ub610\ud55c \uc774\uc804\uc5d0 FOMC \uc704\uc6d0 9\uba85\uc774 \ucd5c\uc18c 1\ud68c \ucd94\uac00 \uc778\uc0c1\uc758 \ud544\uc694\uc131\uc744 \uc2dc\uc0ac\ud55c \ubc14 \uc788\uc73c\ub098, \ucd5c\uadfc 4\uc8fc \ub3d9\uc548 \uc778\ud50c\ub808\uc774\uc158 \ub9ac\uc2a4\ud06c\uac00 \ud6c4\ud1f4\ud588\ub2e4\uace0 \ub367\ubd99\uc600\ub2e4. OIS(\uc624\ubc84\ub098\uc774\ud2b8 \uc778\ub371\uc2a4 \uc2a4\uc651) \uac00\uaca9\uc744 \uae30\uc900\uc73c\ub85c \uc2dc\uc7a5\uc740 7\uc6d4 29\uc77c FOMC\uc5d0\uc11c 25bp \uc778\uc0c1 \ud655\ub960\uc744 20%\ub85c, 9\uc6d4\uae4c\uc9c0 \uc778\uc0c1 \ud655\ub960\uc744 60%\ub85c \uac01\uac01 \ubc18\uc601\ud558\uace0 \uc788\ub2e4. MUFG\uac00 \uc9c0\ubaa9\ud55c \ub2e4\uc74c \uc8fc\uc694 \ucd09\ub9e4\ub294 7\uc6d4 14\uc77c\ub85c, \uc774\ub0a0 6\uc6d4 CPI\uc640 \ud568\uaed8 \uc6cc\uc2dc \uc5f0\uc900 \uc758\uc7a5\uc758 \ubc18\uae30(\ubc18\uc5f0) \uc758\ud68c \uc99d\uc5b8\uc774 \uc608\uc815\ub3fc \uc788\ub2e4.<\/p>\n

Market Mispricing And Fed Policy Outlook <\/h3>\n

\uc6b0\ub9ac\ub294 \uc5b4\uc81c \ubc1c\ud45c\ub41c \ubd80\uc9c4\ud55c \uace0\uc6a9\uc9c0\ud45c \uc774\ud6c4 \uc2dc\uc7a5\uc774 \uc5f0\uc900 \uc815\ucc45\uc744 \uc798\ubabb \uac00\uaca9\uc5d0 \ubc18\uc601\ud558\uace0 \uc788\ub2e4\uace0 \ubcf8\ub2e4. 6\uc6d4 \ube44\ub18d\uc5c5\ubd80\ubb38 \uace0\uc6a9\uc740 11\ub9cc \uba85 \uc99d\uac00\uc5d0 \uadf8\uccd0 \uc2dc\uc7a5 \uc608\uc0c1\uce58(18\ub9cc \uba85)\ub97c \ud06c\uac8c \ud558\ud68c\ud588\uace0, \uc2e4\uc5c5\ub960\uc740 4.1%\ub85c \uc18c\ud3ed \uc0c1\uc2b9\ud588\ub2e4. \uc774\ub294 \uc2dc\uc7a5\uc774 \uc608\uc0c1\ud574 \uc628 \ucd94\uac00 \uae08\ub9ac\uc778\uc0c1\uc758 \ud544\uc694\uc131\uc5d0 \uc758\ubb38\uc744 \uc81c\uae30\ud558\ub294 \ub370\uc774\ud130\ub2e4.<\/p>\n

\uc774\ub7f0 \uc0c1\ud669\uc5d0\uc11c \ud2b8\ub808\uc774\ub354\ub4e4\uc740 \uae08\ub9ac\uc2dc\uc7a5\uc774 \u2018\uc778\uc0c1\u2019\uc5d0\uc11c \uba40\uc5b4\uc9c0\ub294 \ubc29\ud5a5\uc73c\ub85c \uc7ac\uac00\uaca9\ud654\ub420 \uac00\ub2a5\uc131\uc5d0 \ub9de\ucd98 \ud3ec\uc9c0\uc154\ub2dd\uc744 \uace0\ub824\ud560 \ud544\uc694\uac00 \uc788\ub2e4. OIS \uc2dc\uc7a5\uc740 \uc5ec\uc804\ud788 9\uc6d4\uae4c\uc9c0 \uc57d 60%\uc758 \uc778\uc0c1 \uac00\ub2a5\uc131\uc744 \ubc18\uc601\ud558\uace0 \uc788\uc73c\ub098, \uc6b0\ub9ac\ub294 \uc774 \uc218\uce58\uac00 \uacfc\ub3c4\ud558\uac8c \ub192\ub2e4\uace0 \ubcf8\ub2e4. \uc6b0\ub9ac\ub294 SOFR \uc120\ubb3c \ub4f1 \ud30c\uc0dd\uc0c1\ud488\uc744 \ud65c\uc6a9\ud574 \uc5f0\uc900\uc758 \ub3d9\uacb0 \uc720\uc9c0 \ub610\ub294 \ud5a5\ud6c4 \uc778\ud558 \uc2dc\uadf8\ub110\ub85c\uc758 \uc804\ud658\uc5d0 \ubca0\ud305\ud560 \uacc4\ud68d\uc774\ub2e4.<\/p>\n

Dollar Outlook And Key Events Ahead <\/h3>\n

\ubbf8 \ub2ec\ub7ec\ud654 \ub7a0\ub9ac \uc5ed\uc2dc \uae30\uc138\uac00 \uc18c\uc9c4\ub410\uace0 \ub418\ub3cc\ub9bc\uc5d0 \ucde8\uc57d\ud574 \ubcf4\uc778\ub2e4. \ub2ec\ub7ec \uc778\ub371\uc2a4(DXY)\ub294 \ucd5c\uadfc \uc218\uac1c\uc6d4\ub798 \uace0\uc810\uc778 106.5\ub97c \ud130\uce58\ud588\uc9c0\ub9cc, \uae08\ub9ac\uc778\uc0c1 \ud655\ub960\uc774 \ub0ae\uc544\uc9c0\uba74\uc11c \uc0c1\uc2b9\uc774 \uc815\uccb4\ub418\ub294 \uc2e0\ud638\uac00 \ub098\ud0c0\ub098\uace0 \uc788\ub2e4. \uc6b0\ub9ac\ub294 \ud5a5\ud6c4 \uba87 \uc8fc\uac04 \uc720\ub85c\ub098 \uc5d4 \ub4f1 \uc8fc\uc694 \ud1b5\ud654 \ub300\ube44 \ub2ec\ub7ec \uc57d\uc138\uc5d0 \ub300\ube44\ud574 \uc635\uc158\uc744 \ud65c\uc6a9\ud55c \ud3ec\uc9c0\uc154\ub2dd \uae30\ud68c\ub85c \ud310\ub2e8\ud55c\ub2e4.<\/p>\n

\uc778\ud50c\ub808\uc774\uc158 \ub454\ud654\ub294 \uc774\ub7ec\ud55c \uc2dc\uac01\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4. 5\uc6d4 \uadfc\uc6d0 PCE\ub294 \uc804\ub144 \ub300\ube44 2.6%\ub85c \ub454\ud654\ud558\uba70 \uc5f0\uc900\uc758 \ubaa9\ud45c \uc218\uc900\uc5d0 \ub354 \uadfc\uc811\ud588\ub2e4. \uc774\ub294 2023\ub144 \ub9d0 \uc2dc\uc7a5\uc774 \uae08\ub9ac\uc778\uc0c1 \uae30\ub300\ub97c \ube60\ub974\uac8c \uc811\uace0 \ub2ec\ub7ec\uac00 \uae09\ub77d\ud588\ub358 \uad6d\uba74\uc744 \uc5f0\uc0c1\uc2dc\ud0a8\ub2e4. \ub9e4\ud30c\uc801 \uc5f0\uc900 \uc2a4\ud0e0\uc2a4\ub97c \uc815\ub2f9\ud654\ud560 \uadfc\uac70\uac00 \ube60\ub974\uac8c \ud76c\ubbf8\ud574\uc9c0\uace0 \uc788\ub2e4.<\/p>\n

\ub2e4\uc74c \ud575\uc2ec \uc774\ubca4\ud2b8 \uc804\uae4c\uc9c0 \ub2ec\ub7ec\uc5d0 \uc720\ub9ac\ud55c \ubc29\ud5a5\uc73c\ub85c \ubaa8\uba58\ud140\uc774 \ub2e4\uc2dc \uc804\ud658\ub420 \uac00\ub2a5\uc131\uc740 \ud06c\uc9c0 \uc54a\ub2e4. \uc2dc\uc7a5\uc758 \uc2dc\uc120\uc740 7\uc6d4 14\uc77c\ub85c \uc608\uc815\ub41c 6\uc6d4 CPI\uc640 \uc6cc\uc2dc \uc5f0\uc900 \uc758\uc7a5\uc758 \uc99d\uc5b8\uc5d0 \uc9d1\uc911\ub3fc \uc788\ub2e4. \uc6b0\ub9ac\ub294 \uc774 \uc774\ubca4\ud2b8\ub4e4\uc774 \uc5f0\uc900\uc758 \ubcf4\ub2e4 \uc644\ud654\uc801\uc778 \uc804\ub9dd\uc744 \ud655\uc778\ud574 \uc8fc\ub294 \ub2e4\uc74c \uc8fc\uc694 \ucd09\ub9e4\uac00 \ub420 \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4.<\/p>\n\n\n\n

\uc9c0\uae08 \ubc14\ub85c \uac70\ub798\ub97c \uc2dc\uc791\ud558\uc138\uc694 \u2014 VT Markets \uc2e4\uacc4\uc88c\ub97c \uac1c\uc124\ud558\ub824\uba74 \uc5ec\uae30<\/a>\ub97c \ud074\ub9ad\ud558\uc138\uc694.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

\u201c\uace0\uc6a9 \uc1fc\ud06c\u201d \uc624\uba74 Fed \u2018\ucd94\uac00 \uae34\ucd95\u2019 \uae30\ub300 \uae09\uc18d \ubd95\uad34? MUFG\ub294 6\uc6d4 \uace0\uc6a9\u00b7\uc2ec\ub9ac \ub454\ud654\ub85c \ub3d9\uacb0 \uc720\uc9c0\uc640 \uc778\ud558 \ub9ac\uc2a4\ud06c \ud655\ub300, \ub2ec\ub7ec \uac15\uc138 \ub418\ub3cc\ub9bc\uc744 \uc804\ub9dd\ud588\ub2e4.<\/p>\n","protected":false},"author":87,"featured_media":50197,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-50821","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/50821","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=50821"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/50821\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media\/50197"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=50821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=50821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=50821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}