{"id":4257,"date":"2022-01-20T16:15:36","date_gmt":"2022-01-20T08:15:36","guid":{"rendered":"https:\/\/www.coinon.pro\/archives\/4257"},"modified":"2022-01-20T16:15:36","modified_gmt":"2022-01-20T08:15:36","slug":"%eb%b9%84%ed%8a%b8%ec%bd%94%ec%9d%b8-%ed%8c%8c%ec%83%9d%ec%83%81%ed%92%88-%ec%a7%80%ed%91%9c-%ec%a7%80%eb%82%9c%ed%95%b4-%eb%b9%84%ed%8a%b8%ec%bd%94%ec%9d%b8-%ed%8f%ad%eb%93%b1-%ec%a7%81%ec%a0%84","status":"publish","type":"post","link":"https:\/\/www.coinon.pro\/?p=4257","title":{"rendered":"&#8220;\ube44\ud2b8\ucf54\uc778 \ud30c\uc0dd\uc0c1\ud488 \uc9c0\ud45c, \uc9c0\ub09c\ud574 \ube44\ud2b8\ucf54\uc778 \ud3ed\ub4f1 \uc9c1\uc804 \uc218\uce58\uc640 \uc720\uc0ac\ud558\ub2e4&#8221;"},"content":{"rendered":"<br \/>\n<article>\n<div itemprop=\"articleBody\">\n<div style=\"text-align:center\">\n<figure data-idxno=\"23156\" data-type=\"photo\" style=\"display:inline-block\"><img decoding=\"async\" src=\"https:\/\/www.coinon.pro\/wp-content\/uploads\/2022\/01\/20220120_61e91a2a2bb88.jpg\" alt=\"&quot;\ube44\ud2b8\ucf54\uc778 \ud30c\uc0dd\uc0c1\ud488 \uc9c0\ud45c, \uc9c0\ub09c\ud574 \ube44\ud2b8\ucf54\uc778 \ud3ed\ub4f1 \uc9c1\uc804 \uc218\uce58\uc640 \uc720\uc0ac\ud558\ub2e4&quot;\" \/><figcaption><\/figcaption><\/figure>\n<\/p><\/div>\n<p>[\ube14\ub85d\uccb4\uc778\ud22c\ub370\uc774 \ud55c\uc9c0\ud61c \uae30\uc790] \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc774 \ud070 \ud3ed\uc73c\ub85c \uc0c1\uc2b9\ud588\ub358 \uc9c0\ub09c\ud574 9\uc6d4 \ub9d0 \uc218\uce58\uc640 \ucd5c\uadfc \ube44\ud2b8\ucf54\uc778 \ud30c\uc0dd\uc0c1\ud488 \uc9c0\ud45c\uac00 \uc720\uc0ac\ud55c \uac83\uc73c\ub85c \uc804\ud574\uc84c\ub2e4.<\/p>\n<p>  19\uc77c(\ud604\uc9c0 \uc2dc\uac04) \ucf54\uc778\ud154\ub808\uadf8\ub798\ud504 \ubcf4\ub3c4\uc5d0 \ub530\ub974\uba74 \ud604\uc7ac \ube44\ud2b8\ucf54\uc778\uc758 \uac00\uaca9\uc740 \uc9c0\ub09c 14\uc77c \ub3d9\uc548 4\ub9cc5000\ub2ec\ub7ec \ubbf8\ub9cc\uc744 \uc720\uc9c0\ud558\uace0 \uc788\uc73c\uba70 \uc774\ub294 \uc0ac\uc0c1 \ucd5c\uace0\uce58 \uae30\ub85d\uc778 6\ub9cc9000\ub2ec\ub7ec\ubcf4\ub2e4 40% \ud558\ub77d\ub41c \uac00\uaca9\uc774\ub2e4. \ud574\ub2f9 \ud750\ub984\uc740 \uc9c0\ub09c\ud574 9\uc6d4 \ub9d0, \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc774 11\uc77c \ub3d9\uc548 \uc6c0\uc9c1\uc784\uc774 \uc5c6\uc5c8\uace0 \uc774\uc804 \ucd5c\uace0\uac00\uc600\ub358 6\ub9cc4900\ub2ec\ub7ec\ubcf4\ub2e4 36% \ub0ae\uc558\ub358 \uac83\uacfc \ub9e4\uc6b0 \uc720\uc0ac\ud55c \ubaa8\uc2b5\uc774\ub2e4. \uc774\ud6c4 \ube44\ud2b8\ucf54\uc778\uc740 \uc791\ub144 11\uc6d4\uc758 \uc0ac\uc0c1 \ucd5c\uace0\uac00\uc778 6\ub9cc9000\ub2ec\ub7ec\ub97c \ud5a5\ud55c \ub7a0\ub9ac\ub97c \uc2dc\uc791\ud588\ub2e4.&nbsp;<\/p>\n<p>  \ud604\uc7ac\uc758 \uac00\uaca9 \ubaa8\uba58\ud140\uc774 \uc9c0\ub09c\ud574 9\uc6d4\ub9d0\uc744 \ubaa8\ubc29\ud558\uace0 \uc788\ub294\uc9c0 \uc774\ud574\ud558\uae30 \uc704\ud574\uc11c\ub294 &lsquo;\ubca0\uc774\uc2dc\uc2a4(basis)&rsquo;\ub77c\uace0 \ud558\ub294 \ube44\ud2b8\ucf54\uc778 \uc120\ubb3c\uacc4\uc57d \ud504\ub9ac\ubbf8\uc5c4\uc744 \ubd84\uc11d\ud574\uc57c \ud55c\ub2e4. \uc774\ub294 \ubb34\uae30\ud55c \uacc4\uc57d\uacfc \ub2ec\ub9ac \uc774\ub7ec\ud55c \uace0\uc815\uce98\ub9b0\ub354(fixed-calendar) \uc120\ubb3c\uc740 \ud380\ub529 \ube44\uc728\uc774 \uc5c6\uae30 \ub54c\ubb38\uc5d0 \uac00\uaca9\uc774 \uc77c\ubc18 \ud604\ubb3c \uac70\ub798\uc18c\uc640 \ud06c\uac8c \ub2e4\ub974\ub2e4.<\/p>\n<p>  \uc120\ubb3c\uacfc \uc77c\ubc18 \ud604\ubb3c \uc2dc\uc7a5 \uac04\uc758 \ube44\uc6a9 \uaca9\ucc28\ub97c \uce21\uc815\ud568\uc73c\ub85c\uc368 \uac70\ub798\uc790\ub294 \uc2dc\uc7a5\uc758 \uac15\uc138 \uc218\uc900\uc744 \uce21\uc815\ud560 \uc218 \uc788\uc73c\uba70 \uad6c\ub9e4\uc790\uac00 \uacfc\ub3c4\ud55c \ub099\uad00\ub860\uc801 \uc785\uc7a5\uc774\uba74 3\uac1c\uc6d4 \uc120\ubb3c \uacc4\uc57d\uc744 15% \uc774\uc0c1\uc758 \uc5f0\uac04 \ud504\ub9ac\ubbf8\uc5c4(\ubca0\uc774\uc2dc\uc2a4)\uc73c\ub85c \uac70\ub798\ud558\ub294 \uacbd\ud5a5\uc744 \ubcf4\uc774\uae30\ub3c4 \ud55c\ub2e4.<\/p>\n<p>  \uc608\ub97c \ub4e4\uc5b4, 9\uc6d4 \ucd08 \ubca0\uc774\uc2dc\uc2a4 \ube44\uc728\uc740 9%\uc5d0\uc11c 13% \uc0ac\uc774\ub85c \uc790\uc2e0\uac10\uc744 \ubcf4\uc600\uc9c0\ub9cc \ube44\ud2b8\ucf54\uc778\uc774 4\ub9cc5000\ub2ec\ub7ec\ub97c \ub3cc\ud30c\ud558\uae30 \uc9c1\uc804\uc778 9\uc6d4 29\uc77c\uc5d0\ub294 3\uac1c\uc6d4 \uc120\ubb3c \ud504\ub9ac\ubbf8\uc5c4\uc774 6.5% \uc218\uc900\uc774\uc5c8\ub2e4. \uc77c\ubc18\uc801\uc73c\ub85c 5% \ubbf8\ub9cc\uc758 \uc218\uce58\ub294 \uc57d\uc138\uc7a5\ub85c \uac04\uc8fc\ub418\ubbc0\ub85c 9\uc6d4 \ub9d0\uc758 6.5% \uc218\uce58\ub294 \ud22c\uc790\uc790\uc758 \uc2ec\ub9ac\uac00 \uc704\ucd95\ub410\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4.&nbsp;<\/p>\n<p>  \uc774\ub7ec\ud55c \uc0c1\ud669\uc744 \ud604\uc7ac\uc640 \ube44\uad50\ud574\ubcf4\uba74 \ube44\ud2b8\ucf54\uc778 3\uac1c\uc6d4 \uc120\ubb3c \ud504\ub9ac\ubbf8\uc5c4\uc774 6.5%\ub85c \uac19\uc73c\uba70 \uc9c0\ud45c\ub294 9%\uc5d0\uc11c 11% \ubc94\uc704\ub85c \uc9c0\ub09c\ud574 9\uc6d4\uacfc \ube44\uc2b7\ud55c \uc790\uc2e0\uac10\uc744 \ubcf4\uc778\ub2e4.&nbsp;<\/p>\n<p>  \ucf54\uc778\ud154\ub808\uadf8\ub798\ud504\ub294 \uc774\ub7ec\ud55c \uc6c0\uc9c1\uc784\uc774 \ud574\ub2f9 \uc0c1\ud488\uc5d0\ub9cc \uad6d\ud55c\ub41c \uac83\uc778\uc9c0 \ud655\uc778\ud558\uae30 \uc704\ud574\uc11c\ub294 \uc635\uc158 \uc2dc\uc7a5\ub3c4 \ubd84\uc11d\ud574\uc57c \ud55c\ub2e4\uace0 \uc804\ud588\ub2e4.&nbsp;<\/p>\n<p>  25% \ub378\ud0c0\uc2a4\ud050(delta skew)\ub294 \ub3d9\ub4f1\ud55c \ucf5c(\ub9e4\uc218)\uacfc \ud48b(\ub9e4\ub3c4) \uc635\uc158\uc744 \ube44\uad50\ud558\ub294\ub370 &lsquo;\uacf5\ud3ec(fear)&rsquo;\uac00 \ub9cc\uc5f0\ud558\uba74 25% \ub378\ud0c0\uc2a4\ud050\ub294 \uc591\uc218\uac00 \ub418\uba70 \uc2dc\uc7a5\uc774 \uac15\uc138\ub97c \ubcf4\uc77c \ub54c\ub294 \uc74c\uc218\uac00 \ub41c\ub2e4. \uc74c\uc218 8%\uc640 \uc591\uc218 8% \uc0ac\uc774\uc758 \ud310\ub3c5\uac12\uc740 \uc77c\ubc18\uc801\uc73c\ub85c \uc911\ub9bd\uc73c\ub85c \uac04\uc8fc\ub41c\ub2e4.<\/p>\n<p>  \uc774\ub7ec\ud55c 25% \ub378\ud0c0\uc2a4\ud050\uac00 \uc9c0\ub09c \ud574 9\uc6d4\ub9d0\uc5d0\ub294 \uac70\uc758 10%\uc5d0 \uc774\ub974\ub800\uc73c\uba70 \ud604\uc7ac\ub294 \ud310\ub3c5\uac12 \uc911\ub9bd\uc73c\ub85c \uac04\uc8fc\ub418\ub294 \uc74c\uc218 8%\uc640 \uc591\uc218 8% \uc0ac\uc774\ub2e4. \ud558\uc9c0\ub9cc \uc9c0\ub09c 10\uc77c\uc758 \uc9c0\ud45c\ub294 8% \uc591\uc218 \uc784\uacc4\uac12\uc5d0 \ub3c4\ub2ec\ud558\uc5ec \uc57d\uac04\uc758 \uc57d\uc138\ub97c \ub098\ud0c0\ub0c8\ub2e4.<\/p>\n<p>  \uacb0\ub860\uc801\uc73c\ub85c \ube44\ud2b8\ucf54\uc778 \ud30c\uc0dd \uc0c1\ud488 \uc9c0\ud45c\uc5d0 \ub530\ub974\uba74 24\uc77c\uac04 \uc774\uc5b4\uc84c\ub358 \ud558\ub77d\uc138\ub97c \ubc18\uc804\uc2dc\ucf1c 3\uc8fc \ub3d9\uc548 62% \ub7a0\ub9ac\ub97c \uc2dc\uc791\ud588\ub358 2021\ub144 9\uc6d4\ub9d0\uc758 \uc0c1\ud669\uacfc \ud604\uc7ac \uc2dc\uc7a5 \uc0c1\ud669\uc774 \uc544\uc8fc \ube44\uc2b7\ud558\ub2e4\uace0 \ucf54\uc778\ud154\ub808\uadf8\ub798\ud504\ub294 \ubd84\uc11d\ud588\ub2e4.<\/p>\n<p>\n","protected":false},"excerpt":{"rendered":"<p>[\ube14\ub85d\uccb4\uc778\ud22c\ub370\uc774 \ud55c\uc9c0\ud61c \uae30\uc790] \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc774 \ud070 \ud3ed\uc73c\ub85c \uc0c1\uc2b9\ud588\ub358 \uc9c0\ub09c\ud574 9\uc6d4 \ub9d0 \uc218\uce58\uc640 \ucd5c\uadfc \ube44\ud2b8\ucf54\uc778 \ud30c\uc0dd\uc0c1\ud488 \uc9c0\ud45c\uac00 \uc720\uc0ac\ud55c \uac83\uc73c\ub85c \uc804\ud574\uc84c\ub2e4. 19\uc77c(\ud604\uc9c0 \uc2dc\uac04) \ucf54\uc778\ud154\ub808\uadf8\ub798\ud504 \ubcf4\ub3c4\uc5d0 \ub530\ub974\uba74 \ud604\uc7ac \ube44\ud2b8\ucf54\uc778\uc758 \uac00\uaca9\uc740 \uc9c0\ub09c 14\uc77c \ub3d9\uc548 4\ub9cc5000\ub2ec\ub7ec \ubbf8\ub9cc\uc744 \uc720\uc9c0\ud558\uace0 \uc788\uc73c\uba70 \uc774\ub294 \uc0ac\uc0c1 \ucd5c\uace0\uce58 \uae30\ub85d\uc778 6\ub9cc9000\ub2ec\ub7ec\ubcf4\ub2e4 40% \ud558\ub77d\ub41c \uac00\uaca9\uc774\ub2e4. \ud574\ub2f9 \ud750\ub984\uc740 \uc9c0\ub09c\ud574 9\uc6d4 \ub9d0, \ube44\ud2b8\ucf54\uc778 \uac00\uaca9\uc774 11\uc77c \ub3d9\uc548 \uc6c0\uc9c1\uc784\uc774 \uc5c6\uc5c8\uace0 \uc774\uc804 \ucd5c\uace0\uac00\uc600\ub358 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[768],"class_list":["post-4257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-768"],"_links":{"self":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/posts\/4257"}],"collection":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4257"}],"version-history":[{"count":0,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/posts\/4257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=\/wp\/v2\/media\/4258"}],"wp:attachment":[{"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coinon.pro\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}