FF¼±¹°À» ÀÌ¿ëÇÑ FRB Á¤Ã¥±Ý¸® ¿¹Ãø
±Û¾´ÀÌ : Á¹¸®Å´ Á¶È¸¼ö : 11847 ÀÛ¼ºÀÏ : 2007-09-21
1¹øÃ·ºÎ : ¾øÀ½ 2¹øÃ·ºÎ : ¾øÀ½ 3¹øÃ·ºÎ : ¾øÀ½
¾È³çÇϼ¼¿ä. Å´ÀÔ´Ï´Ù.
¾Æ·¡ dusty ´ÔÀÇ ±Û¿¡¼­ Federal funds ±Ý¸®¿Í °ü·ÃÇÏ¿©, CBOT »óǰ½ÃÀå¿¡¼­
FRBÀÇ ±Ý¸® ÀÎÇÏ °¡´É¼ºÀ» ¾ó¸¶·Î Á¡Ä¡°í ÀÖ´Ù´Â ¾ê±â°¡ ³ª¿Ô½À´Ï´Ù.
¹°·Ð ±× »çÀÌ ±âÁ¸ 5.25%¿¡¼­ 50bp ÀÎÇϸ¦ ÇÏ¿´Áö¸¸¿ä;;

¾î·´ø ¼±¹°°¡°ÝÀ» ÀÌ¿ëÇÏ¿© ÇâÈÄ ±Ý¸®Á¤Ã¥ º¯È­¸¦ ¿¹ÃøÇÏ´Â ¹æ¹ý¿¡ ´ëÇÏ¿©
»ì¦ »ìÆìº¸µµ·Ï ÇϰڽÀ´Ï´Ù.

CBOT¿¡´Â Federal Funds Futures(ÀÌÇÏ "FF¼±¹°")°¡ »óÀåµÇ¾î ÀÖ½À´Ï´Ù.
±âÃÊÀÚ»êÀº À̸§ ±×´ë·Î federal funds rateÀ̸ç, °áÁ¦ ±âÁØÀÌ µÇ´Â
°¡°Ý »ê½ÄÀº "100 - ¼±¹°¸¸±â¿ùÀÇ ÀϺ° effective fed funds rateÀÇ Æò±Õ°ª"
ÀÔ´Ï´Ù.

¿¹¸¦ µé¾î, 2007³â 9¿ùÀÇ ÀϺ° effective federal rateÀÇ ÇÑ´Þ Æò±Õ°ªÀÌ
4.9% ¶ó°í Çϸé, 9¿ù FF¼±¹°ÀÇ ¸¸±â °áÁ¦°¡°ÝÀº 100-4.9 = 95.1ÀÌ µË´Ï´Ù.

±×Àü¿¡ ¸ÕÀú effective federal rateÀº ¹«¾ùÀ̳ĸ¦ »ìÆìº¸¸é,
¿ì¸®°¡ ´º½º·Î ´Ã»ó µè´Â 5.25%¿¡¼­ 50bp¸¦ ³»·È³× ¾î¶»³× ÇÏ´Â federal funds rateÀº
¹Ì±¹ FRB¿¡¼­ °áÁ¤ÇÏ´Â ¸ñÇ¥±Ý¸®ÀÔ´Ï´Ù. ½ÇÁ¦·Î federal funds °ü·ÃÇÏ¿© ÀºÇà°£
°Å·¡µÇ´Â ½ÃÀå ±Ý¸®°¡ ¾Æ´Ï±¸¿ä. ½ÇÁ¦ ½ÃÀå±Ý¸®°¡ ¹Ù·Î effective federal rateÀÔ´Ï´Ù.

½ÃÀå±Ý¸®´Â ¸ñÇ¥±Ý¸®º¸´Ù ³ôÀ»¼öµµ ÀÖ°í ³·À»¼öµµ ÀÖ½À´Ï´Ù.
¾Ñ! ±×·¸´Ù¸é FF¼±¹°°¡°Ý¿¡ ¹Ý¿µµÈ ¹Ì·¡ÀÇ ±Ý¸®´Â Á¤È®È÷ ¸»Çϸé,
¸ñÇ¥±Ý¸®°¡ ¾Æ´Ï¶ó ½ÃÀå±Ý¸®ÀÎ ¼ÀÀÔ´Ï´Ù. »ç½Ç ±×·¡¼­ FF·Î Á¤Ã¥ º¯È­¸¦ ¿¹ÃøÇÑ´Ù´Â °ÍÀº
±âº»ÀûÀ¸·Î ½ÃÀå±Ý¸®(effective federal rate)ÀÌ ¸ñÇ¥±Ý¸®¿¡ ¼ö·ÅÇÑ´Ù´Â °ÍÀ» °¡Á¤ÇÕ´Ï´Ù.

ÀÌÁ¦ º»·ÐÀ¸·Î µé¾î°¡¼­, ½ÇÁ¦ ¼±¹°°¡°ÝÀ¸·Î ¾î¶»°Ô ¹Ì·¡ ±Ý¸®¸¦ ¿¹ÃøÇÒ ¼ö ÀÖ³ª º¾½Ã´Ù.
¿ø¸®´Â °£´ÜÇÕ´Ï´Ù. ¸¸¾à ÇöÀç ±Ý¸®°¡ 5%À̰í À̹ø´Þ FF¼±¹° °¡°ÝÀÌ 95.125, À̹ø´Þ Áß¼ø¿¡
FOMC°¡ ¿­¸°´Ù°í ÇսôÙ. ¼±¹° °¡°Ý¿¡ ¹Ý¿µµÈ 4.875%(100-95.125)´Â ÇÑ´Þ ±Ý¸® Æò±Õ°ªÀ̹ǷÎ
À̹ø´Þ Áß¼ø¿¡ FF°¡ ±Ý¸®¸¦ 0.25%³»¸± °æ¿ì, ±Ý¸® ÀÎÇÏÀü 5% ¹× ÀÎÇÏ ÈÄ 4.75%ÀÇ Æò±Õ°ªÀÌ
4.875%°¡ µÇ¹Ç·Î FF¼±¹° °¡°Ý°ú ÀÏÄ¡ÇÕ´Ï´Ù. Áï FF¼±¹°°¡°Ý¿¡ ¹Ý¿µµÈ ½ÃÀå Âü¿©ÀÚµéÀÇ
±Ý¸® ÀÎÇÏ Àü¸ÁÀº 100% ±Ý¸®°¡ 25bp³»¸± °ÍÀÌ´Ù¶ó´Â °ÍÀÔ´Ï´Ù. ¹°·Ð À̸¦ ±Ý¸®°¡ 50bp³»¸±
È®·üÀ» 50%·Î Àü¸ÁÇÑ´Ù°í ÇØ¼®ÇÒ ¼öµµ ÀÖ½À´Ï´Ù.

¹°·Ð Çö½ÇÀûÀ¸·Ð ½ÃÀå±Ý¸®¿Í ¸ñÇ¥±Ý¸® °£¿¡ Â÷À̰¡ ¸¹ÀÌ ³¯¼öµµ ÀÖ½À´Ï´Ù. ¿ÃÇØ 8¿ù µé¾î
FRBÀÇ ¸ñÇ¥±Ý¸® ÀÎÇϰ¡ °ÅÀÇ È®½Ç½Ã µÇ¸é¼­ ½ÃÀå±Ý¸®´Â ÀÌ¹Ì ¸ñÇ¥±Ý¸®º¸´Ù 25bpÀÌ»ó ³·°Ô
Çü¼ºµÇ¾î ÀÖ¾ú½À´Ï´Ù. ÀÌ·² °æ¿ì, FF¼±¹°À» ÀÌ¿ëÇÑ Á¤Ã¥±Ý¸® ¿¹»óÀ» À§ÇÑ °è»ê½Ä¿¡
FOMCȸÀÇ ÀÌÀüÀÇ ±Ý¸®°ª¿¡´Ù°¡ ´Ü¼øÈ÷ ±âÁ¸ ¸ñÇ¥±Ý¸®ÀÎ 5.25%¸¦ ³ÖÀ¸¸é °è»êÀÌ Á¤È®ÇÏÁö
¾ÊÀ» ¼ö ÀÖ½À´Ï´Ù. ¸»Çß´Ù½ÃÇÇ FF¼±¹°Àº ½ÃÀå±Ý¸® Æò±Õ°ª¿¡ ±âÃÊÇϹǷΠ½ÃÀå±Ý¸®·Î ³Ö´Â
°ÍÀÌ Á¤È®ÇÑ °ÍÀÌÁÒ. ½ÃÀå±Ý¸®´Â ´º¿å FRB »çÀÌÆ®¿¡¼­ ½±°Ô ã¾Æº¼ ¼ö ÀÖ½À´Ï´Ù.
¾Æ·¡´Â ½ÃÀå±Ý¸® ÆäÀÌÁö ÁÖ¼ÒÀÔ´Ï´Ù.
http://newyorkfed.org/markets/omo/dmm/fedfundsdata.cfm




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157  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - COMEX GOLD(3) Ultra Risk 2011-07-06 5310
156  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - COMEX »óǰ±º Ultra Risk 2011-06-03 5140
155  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - COMEX GOLD(2) Ultra Risk 2011-05-12 5296
154  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - 05¿ù 05ÀÏ ½ÃÀå»óȲ Ultra Risk 2011-05-06 5008
153  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - COMEX GOLD (1) Ultra Risk 2011-05-03 7688
152  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - COMEX Ultra Risk 2011-04-21 5165
151  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - NYMEX HO, RB Ultra Risk 2011-04-18 7414
150  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - NYMEX Natural Gas Ultra Risk 2011-04-08 6002
149  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - NYMEX Crude Oil (6) Ultra Risk 2011-03-28 5606
148  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - NYMEX Crude Oil (5) Ultra Risk 2011-03-16 5933
147  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - NYMEX Crude Oil (4) Ultra Risk 2011-03-10 6031
146  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - NYMEX Crude Oil (3) Ultra Risk 2011-03-01 6001
145  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - NYMEX Crude Oil (2) Ultra Risk 2011-02-28 6288
144  ÇØ¿Ü »óǰ ¼±¹° ÈȾ±â - NYMEX Crude Oil (1) Ultra Risk 2011-02-25 9507
143  °Å·¡¿¡ À־ÀÇ ¼öÄ¡ ±×¸®°í Åë°è quixote 2010-12-29 5731
142  [Quantech Fund] ¿¡ÇǼҵå#17 - Àü·« ¼±Åýà ¼º.. [1] »ó·Ï¼ö 2010-11-01 6441
141  ´Þ¸®±â¿Í ¼ú¸¶½Ã±âÀÇ °øÅëÁ¡~ »ó·Ï¼ö 2010-06-15 5621
140  º¯µ¿¼ºÀÇ ºÐ»ê È¿°ú, ½ÃÀå Æ÷Æ®Æú¸®¿À ÄÜÅÙ´õ 2010-10-08 6002
139  [Quantech Fund] ¿¡ÇǼҵå#15 - µ¨Å¸ ¼³¸³ 10ÁÖ.. »ó·Ï¼ö 2010-06-30 6192
138  Çѱ¹ÀÎÀÇ ¿ªµ¿¼º ±èÅÂ¿Ï 2010-06-18 5529
137  ´Þ¸®±â¿Í ¼ú¸¶½Ã±âÀÇ °øÅëÁ¡~ »ó·Ï¼ö 2010-06-15 5454
136  [Quantech Fund] ¿¡ÇǼҵå#14 - ÆÝµå¸í º¯°æ & .. »ó·Ï¼ö 2010-05-10 6043
135  Áß±¹ ¼±¹° Æ®·¹À̵ù - ¼ÓµµÀü Ä«¿À½º 2009-10-05 7490
134  ´Ü»ó(Ó­ßÌ) 2 quixote 2010-02-04 5336
133  ´Ü»ó(Ó­ßÌ) - ªÀº »ý°¢ quixote 2010-02-03 5514
132  ¸Å¸Å¼Ò°¨ ¸¶À½ÀÇ ¼Ò¸® 2009-11-12 5775
131  ½ÃÀå, ´ëÁß ±×¸®°í ³ª¿¡ ´ëÇÑ ÀÌÇØ Ä«¿À½º 2009-11-02 5735
130  Çѱ¹ÀÇ ÇìÁöÆÝµå ½ºÅ丮- ÄÜÅÙ´õ 2009-10-08 6833
129  [#7] È¿À²Àû ½ÃÀåÀÇ ¿ª¼³ µ¿Ç³ 2009-09-22 7578
128  Áý´ÜÁö¼º°ú Áö¼ö ¸ÂÃ߱⠸ÁÅÂÇÒ¹è 2009-09-21 5479
127  º¯µ¿¼º°ú ¹æÇâ ¸ÁÅÂÇÒ¹è 2009-09-30 6671
126  -À̾߱â- ¸¶À½ÀÇ ¼Ò¸® 2009-09-09 5893
125  ¼±ÇàÁö¼öÀÇ ÇÕ¼º ¸ÁÅÂÇÒ¹è 2009-09-11 7037
124  [#6] Æ®·¹À̵彺Å×ÀÌ¼Ç Àß »ç¿ëÇϱ⠵¿Ç³ 2009-09-11 9057
123  [#5] ÅÍÆ²Æ®·¹ÀÌ´õ - Æ®·¹ÀÌ´õ´Â Ÿ°í³µ´Â°¡? µ¿Ç³ 2009-09-04 12809
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