[증권사 금리 역풍]⑥ 하나證, 64조 운용 자금만큼 커진 '민감도'

Hana Securities' 64.7 trillion won asset base significantly amplifies its interest rate vulnerability, as asset yields and funding costs respond asynchronously to rate changes. Rising rates present a dual risk: while new bond purchases benefit from higher yields, existing holdings suffer valuation losses and funding costs simultaneously increase. This highlights the critical challenge for large securities firms in managing the spread between asset returns and borrowing costs during volatile rate environments.