{"id":11038,"date":"2020-06-02T20:42:59","date_gmt":"2020-06-02T11:42:59","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=11038"},"modified":"2020-06-02T20:42:59","modified_gmt":"2020-06-02T11:42:59","slug":"%e9%87%91%e5%88%a9%e4%b8%8a%e6%98%87%e4%ba%88%e6%83%b3%e3%81%ae%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f%e3%81%a8%e4%bd%8e%e9%87%91%e5%88%a9%e4%ba%88%e6%83%b3%e3%81%ae%e3%83%80","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11038","title":{"rendered":"\u91d1\u5229\u4e0a\u6607\u4e88\u60f3\u306e\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3068\u4f4e\u91d1\u5229\u4e88\u60f3\u306e\u30c0\u30ea\u30aa\u6c0f\u3001\u52dd\u3064\u306e\u306f\u3069\u3061\u3089\u304b"},"content":{"rendered":"\n<p>\u65b0\u578b\u30b3\u30ed\u30ca\u306b\u3088\u308b\u4e0b\u843d\u76f8\u5834\u306e\u3042\u3068\u682a\u5f0f\u5e02\u5834\u304c\u53cd\u767a\u3092\u7d9a\u3051\u3066\u3044\u308b\u306e\u306f\u5468\u77e5\u306e\u901a\u308a\u3060\u304c\u3001\u305d\u306e\u5f71\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u304c\u3058\u308f\u3058\u308f\u3068\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4f4e\u91d1\u5229\u304c\u3053\u308c\u307e\u3067\u306e\u682a\u4fa1\u30d0\u30d6\u30eb\u3092\u4f5c\u308a\u4e0a\u3052\u3066\u304d\u305f\u3088\u3046\u306b\u9577\u671f\u91d1\u5229\u306f\u682a\u5f0f\u5e02\u5834\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3060\u3051\u3067\u306a\u304f\u3001\u81ea\u52d5\u8eca\u3084\u4f4f\u5b85\u306e\u30ed\u30fc\u30f3\u91d1\u5229\u3092\u901a\u3058\u3066\u5b9f\u4f53\u7d4c\u6e08\u306b\u3082\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3002\u65b0\u578b\u30a6\u30a3\u30eb\u30b9\u306b\u3088\u3063\u3066\u7a7a\u524d\u7d76\u5f8c\u306e\u4e0d\u6cc1\u304c\u4e88\u60f3\u3055\u308c\u308b\u306a\u304b\u3001\u5e02\u5834\u306e\u697d\u89b3\u306f\u4e0a\u3052\u3066\u306f\u306a\u3089\u306a\u3044\u3082\u306e\u307e\u3067\u4e0a\u3052\u59cb\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a2\u30e1\u30ea\u30ab\u9577\u671f\u91d1\u5229<\/strong><\/p>\n\n\n\n<p>\u307e\u305a\u306f\u30c1\u30e3\u30fc\u30c8\u3092\u898b\u3066\u307f\u3088\u3046\u3002\u9577\u671f\u91d1\u5229\u3068\u306f10\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306e\u3053\u3068\u3067\u3042\u308a\u3001\u30a2\u30e1\u30ea\u30ab\u306e10\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306f\u6b21\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"499\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/06\/2020-6-2-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-11039\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/06\/2020-6-2-us-10-year-treasury-bond-yield-chart.png 640w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/06\/2020-6-2-us-10-year-treasury-bond-yield-chart-300x234.png 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<p>\u682a\u5f0f\u306e\u4ee3\u308f\u308a\u306e\u6295\u8cc7\u5bfe\u8c61\u306b\u306a\u308a\u3084\u3059\u304430\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306f\u3082\u3063\u3068\u9732\u9aa8\u306b\u4e0a\u304c\u308a\u59cb\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"499\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/06\/2020-6-2-us-30-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-11040\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/06\/2020-6-2-us-30-year-treasury-bond-yield-chart.png 640w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/06\/2020-6-2-us-30-year-treasury-bond-yield-chart-300x234.png 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<p>\u8d85\u9577\u671f\u56fd\u50b5\u306f\u30b3\u30ed\u30ca\u3067\u5927\u5e45\u30ea\u30b9\u30af\u30aa\u30d5\u3068\u306a\u3063\u305fBridgewater\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3067\u3082\u8cb7\u308f\u308c\u3066\u3044\u305f\u9298\u67c4\u3067\u3042\u308b\u3002\uff08\u91d1\u5229\u4e0a\u6607\u306f\u50b5\u5238\u4fa1\u683c\u4f4e\u4e0b\u3068\u306a\u308b\u3002\uff09<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10800\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30013\u6708\u306e\u5e95\u5024\u3067\u3082\u682a\u5f0f\u306f\u8cb7\u308f\u305a<\/a><\/li><\/ul>\n\n\n\n<p><strong>\u4f4e\u91d1\u5229\u304b\u91d1\u5229\u4e0a\u6607\u304b<\/strong><\/p>\n\n\n\n<p>\u3053\u3053\u304b\u3089\u91d1\u5229\u304c\u4e0a\u304c\u308b\u306e\u304b\u4e0b\u304c\u308b\u306e\u304b\u304c\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u3082\u91cd\u8981\u3068\u306a\u3063\u3066\u304f\u308b\u3002\u91d1\u5229\u306f\u5e38\u306b\u682a\u5f0f\u5e02\u5834\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u3053\u6700\u8fd1\u306e\u91d1\u5229\u4e0a\u6607\u306f\u660e\u3089\u304b\u306b\u30b3\u30ed\u30ca\u5bfe\u7b56\u306e\u7d4c\u6e08\u653f\u7b56\u306b\u3088\u3063\u3066\u56fd\u306e\u501f\u91d1\u304c\u5897\u3048\u3066\u3044\u308b\u3053\u3068\u306b\u3088\u308b\u3082\u306e\u3067\u3042\u308b\u3002\u653f\u5e9c\u304c\u501f\u91d1\u3092\u3059\u308b\u3068\u306f\u56fd\u50b5\u3092\u767a\u884c\u3059\u308b\u3053\u3068\u3067\u3042\u308a\u3001\u767a\u884c\u3055\u308c\u305f\u56fd\u50b5\u306f\u5e02\u5834\u3067\u58f2\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3001\u50b5\u5238\u306b\u3068\u3063\u3066\u306f\u4fa1\u683c\u4f4e\u4e0b\uff08\u91d1\u5229\u4e0a\u6607\uff09\u3068\u306a\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306f\u30d8\u30ea\u30b3\u30d7\u30bf\u30fc\u30de\u30cd\u30fc\uff08\u73fe\u91d1\u652f\u7d66\uff09\u3092\u542b\u3080\u7d4c\u6e08\u5bfe\u7b56\u306e\u305f\u3081\u306b\u7b2c2\u56db\u534a\u671f\u3060\u3051\u30673\u5146\u30c9\u30eb\u306e\u501f\u91d1\u3092\u3059\u308b\u3068\u3044\u3046\u3002<\/p>\n\n\n\n<p>\u554f\u984c\u306f\u3053\u306e\u91d1\u5229\u4e0a\u6607\u304c\u7d9a\u304f\u304b\u3069\u3046\u304b\u3067\u3042\u308b\u3002\u65b0\u578b\u30b3\u30ed\u30ca\u76f8\u5834\u7a7a\u58f2\u308a\u3067\u5927\u5132\u3051\u3092\u3057\u305f\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306fTwitter\u3067\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>30\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306f\u307e\u308b\u3067\u767b\u5834\u524d\u306e\u30ed\u30c7\u30aa\u306e\u66b4\u308c\u99ac\u306e\u3088\u3046\u306b\u4e0d\u5b89\u5b9a\u3060\u3002\u4e2d\u592e\u9280\u884c\u306f\u66b4\u308c\u99ac\u3092\u6c38\u9060\u306b\u56f2\u3063\u3066\u304a\u304d\u305f\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u3002\u51fa\u6765\u308b\u304b\u3069\u3046\u304b\u898b\u3066\u307f\u3088\u3046\u3002\u30b2\u30fc\u30c8\u304c\u958b\u3051\u30708\u79d2\u3082\u6301\u305f\u306a\u3044\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p><strong>\u4e2d\u592e\u9280\u884c\u306e\u80fd\u529b<\/strong><\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u308c\u307e\u3067\u3082\u5ea6\u3005\u91d1\u5229\u4e0a\u6607\u4e88\u60f3\u3092\u3057\u3066\u304d\u305f\u3002\u305d\u3057\u3066\u3053\u3053\u307e\u3067\u305a\u3063\u3068\u4f4e\u91d1\u5229\u304c\u7d9a\u3044\u3066\u3044\u308b\u3088\u3046\u306b\u3001\u305d\u306e\u4e88\u60f3\u306f\u3053\u3068\u3054\u3068\u304f\u5916\u308c\u3066\u304d\u305f\u3002\u5f7c\u306f\u50b5\u5238\u6295\u8cc7\u5bb6\u3067\u3042\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u682a\u4fa1\u4e88\u60f3\u306e\u65b9\u304c\u5f53\u305f\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10020\">\u65b0\u578b\u30b3\u30ed\u30ca\u76f8\u5834\u7a7a\u58f2\u308a\u3067\u5132\u3051\u305f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3001\u7a7a\u58f2\u308a\u518d\u958b<\/a><\/li><\/ul>\n\n\n\n<p>\u305d\u308c\u306f\u6050\u3089\u304f\u5f7c\u304c\u50b5\u5238\u306e\u5c02\u9580\u5bb6\u3060\u304b\u3089\u3053\u305d\u91d1\u5229\u4e0a\u6607\u304c\u307e\u3068\u3082\u306a\u7d50\u679c\u3060\u3068\u8003\u3048\u308b\u306e\u3060\u308d\u3046\u3002\u77ed\u671f\u9593\u306b3\u5146\u30c9\u30eb\u3082\u50b5\u5238\u304c\u767a\u884c\u3055\u308c\u308c\u3070\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u5e38\u8b58\u3067\u306f\u91d1\u5229\u306f\u4e0a\u6607\u3059\u308b\u3002\u3057\u304b\u3057\u305d\u308c\u3092\u4e2d\u592e\u9280\u884c\u306f\u3053\u3053\u307e\u3067\u62bc\u3055\u3048\u3064\u3051\u3066\u6765\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3088\u3063\u3066\u3053\u308c\u306f\u4e2d\u592e\u9280\u884c\u306b\u4f55\u304c\u51fa\u6765\u308b\u306e\u304b\u3068\u3044\u3046\u554f\u984c\u3067\u3042\u308b\u3002\u8d85\u9577\u671f\u56fd\u50b5\u3092\u8cb7\u3063\u3066\u3044\u305fBridgewater\u306e\u5275\u696d\u8005\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u306f\u30d6\u30ed\u30b0\u6295\u7a3f\u3067\u6b21\u306e\u3088\u3046\u306b\u66f8\u3044\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u4e2d\u592e\u9280\u884c\u304c\u5b9f\u8cea\u91d1\u5229\u3092\u4e0a\u6607\u3055\u305b\u3066\u5b9f\u4f53\u7d4c\u6e08\u306b\u60aa\u5f71\u97ff\u3092\u53ca\u307c\u3059\u306e\u304b\u3001\u7d19\u5e63\u5370\u5237\u3068\u50b5\u5238\u8cfc\u5165\u3092\u884c\u3063\u3066\u5b9f\u8cea\u91d1\u5229\u306e\u4e0a\u6607\u3092\u6291\u3048\u308b\u306e\u304b\u306e\u9078\u629e\u3092\u8feb\u3089\u308c\u305f\u3068\u304d\u3001\u4e2d\u592e\u9280\u884c\u306f\u5f8c\u8005\u3092\u9078\u3076\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p>\u7b46\u8005\u306f\u4e2d\u592e\u9280\u884c\u3092\u4e07\u80fd\u3060\u3068\u306f\u8003\u3048\u3066\u3044\u306a\u3044\u3002\u4e2d\u592e\u9280\u884c\u306f\u3059\u3079\u3066\u306e\u8cc7\u7523\u4fa1\u683c\u3092\u64cd\u4f5c\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u306a\u3044\u3002\u3057\u304b\u3057\u56fd\u50b5\u5e02\u5834\u306b\u9650\u3063\u3066\u8a00\u3048\u3070\u3001\u6295\u8cc7\u5bb6\u306f\u4e2d\u592e\u9280\u884c\u306e\u80fd\u529b\u3092\u7591\u554f\u8996\u3059\u308b\u3079\u304d\u3067\u306f\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u7591\u554f\u306b\u56de\u7b54\u3059\u308b\u3068\u3059\u308c\u3070\u3001\u4e2d\u592e\u9280\u884c\u306f\u91d1\u5229\u3092\u62bc\u3055\u3048\u8fbc\u3080\u3053\u3068\u304c\u51fa\u6765\u308b\u3002\u4e2d\u592e\u9280\u884c\u306f\u3044\u304f\u3089\u3067\u3082\u50b5\u5238\u3092\u8cb7\u3046\u3053\u3068\u304c\u3067\u304d\u308b\u3002\u53b3\u5bc6\u306b\u306f\u3001\u50b5\u5238\u304c\u5e02\u4e2d\u306b\u5b58\u5728\u3059\u308b\u9650\u308a\u50b5\u5238\u3092\u8cb7\u3046\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3042\u308b\u3002\u73fe\u72b6\u3067\u306f\u4e2d\u592e\u9280\u884c\u306e\u8cfc\u8cb7\u80fd\u529b\u3088\u308a\u3082\u5b58\u5728\u3059\u308b\u56fd\u50b5\u306e\u7dcf\u91cf\u306e\u65b9\u304c\u554f\u984c\u3068\u306a\u3063\u3066\u3044\u308b\u3002\u5b58\u5728\u3059\u308b\u56fd\u50b5\u3092\u3059\u3079\u3066\u8cb7\u3063\u3066\u3057\u307e\u3063\u305f\u5834\u5408\u3001\u56fd\u50b5\u5e02\u5834\u3092\u901a\u3057\u305f\u91d1\u878d\u7de9\u548c\u304c\u305d\u308c\u4ee5\u4e0a\u51fa\u6765\u306a\u304f\u306a\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10574\">\u7c73\u56fd\u306e\u91cf\u7684\u7de9\u548c\u304c\u9650\u754c\u306b\u8fd1\u3065\u304d\u5931\u901f\u3078\u3000\u682a\u4fa1\u3078\u306e\u5f71\u97ff\u306f<\/a><\/li><\/ul>\n\n\n\n<p>\u3088\u3063\u3066\u91d1\u5229\u306b\u95a2\u3057\u3066\u306f\u30c0\u30ea\u30aa\u6c0f\u304c\u6b63\u3057\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u4e2d\u592e\u9280\u884c\u306f\u682a\u5f0f\u5e02\u5834\u3092\u652f\u3048\u308b\u3053\u3068\u304c\u51fa\u6765\u308b\u304b<\/strong><\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u3082\u30461\u3064\u306e\u554f\u984c\u306f\u300c\u4e2d\u592e\u9280\u884c\u306f\u682a\u5f0f\u5e02\u5834\u3067\u3082\u4e07\u80fd\u306a\u306e\u304b\u300d\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u307e\u305a\u3001\u91d1\u5229\u304c\u4e0b\u304c\u308b\u3053\u3068\u306b\u3088\u308b\u682a\u5f0f\u5e02\u5834\u3078\u306e\u597d\u5f71\u97ff\u306b\u306f\u9650\u754c\u304c\u3042\u308b\u3002\u4f8b\u3048\u3070\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u6642\u306b\u306f\u9577\u671f\u91d1\u5229\u306f5%\u304b\u30892%\u307e\u30673%\u4e0b\u304c\u3063\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"499\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/06\/2020-6-2-us-10-year-treasury-bond-yield-long-term-chart.png\" alt=\"\" class=\"wp-image-11050\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/06\/2020-6-2-us-10-year-treasury-bond-yield-long-term-chart.png 640w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2020\/06\/2020-6-2-us-10-year-treasury-bond-yield-long-term-chart-300x234.png 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/figure>\n\n\n\n<p>\u4e00\u65b9\u3067\u30b3\u30ed\u30ca\u306b\u3088\u308b\u666f\u6c17\u5f8c\u9000\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u500d\u4ee5\u4e0a\u3067\u3042\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u3001\u91d1\u5229\u306e\u4e0b\u843d\u5e45\u306f2.5%\u7a0b\u5ea6\u3068\u5f53\u6642\u3088\u308a\u5c11\u306a\u3044\u3002\u5371\u6a5f\u306f\u5927\u304d\u304f\u306a\u308a\u3001\u523a\u6fc0\u7b56\u306f\u5c0f\u3055\u304f\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10494\">\u65b0\u578b\u30b3\u30ed\u30ca\u3001\u7c73\u56fd\u7d4c\u6e08\u306e\u666f\u6c17\u5f8c\u9000\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u500d\u4ee5\u4e0a\u304b\u3001\u7b2c1\u56db\u534a\u671fGDP\u901f\u5831<\/a><\/li><\/ul>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u9577\u671f\u91d1\u5229\u306f\u307b\u307c\u30bc\u30ed\u307e\u3067\u4e0b\u304c\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u30b3\u30ed\u30ca\u306e\u5f71\u97ff\u3067\u6765\u5e74\u306e\u7d4c\u6e08\u304c\u3069\u3093\u5e95\u306b\u9665\u3063\u305f\u3068\u3057\u3066\u3082\u91d1\u5229\u4f4e\u4e0b\u306b\u3088\u308b\u666f\u6c17\u523a\u6fc0\u3092\u671f\u5f85\u3059\u308b\u3053\u3068\u306f\u51fa\u6765\u306a\u304f\u306a\u3063\u305f\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u3067\u306f\u4e2d\u592e\u9280\u884c\u304c\u682a\u5f0f\u3092\u8cb7\u3048\u3070\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u3002\u305d\u308c\u306a\u3089\u3070\u4e2d\u592e\u9280\u884c\u306f\u5e02\u5834\u3092\u652f\u3048\u3089\u308c\u308b\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u7b54\u3048\u306f\u30a4\u30a8\u30b9\u3060\u304c\u3001\u5927\u304d\u306a\u4ee3\u511f\u304c\u4f34\u3046\u3002\u307e\u305a\u4e2d\u592e\u9280\u884c\u306f\u682a\u5f0f\u5e02\u5834\u3092\u652f\u3048\u3089\u308c\u3066\u3082\u5b9f\u4f53\u7d4c\u6e08\u306f\u652f\u3048\u3089\u308c\u306a\u3044\u3060\u308d\u3046\u3002\u682a\u5f0f\u5e02\u5834\u306f\u50b5\u5238\u5e02\u5834\u3088\u308a\u5927\u5e45\u306b\u5c0f\u3055\u304f\u3001\u682a\u5f0f\u5e02\u5834\u3092\u30d0\u30d6\u30eb\u306b\u3057\u3066\u3082\u5b9f\u4f53\u7d4c\u6e08\u3078\u306e\u5f71\u97ff\u306f\u91d1\u5229\u64cd\u4f5c\u3088\u308a\u3082\u5c11\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u6b21\u306b\u3001\u682a\u5f0f\u5e02\u5834\u3092\u307e\u308b\u3054\u3068\u652f\u3048\u308b\u307b\u3069\u8cb7\u3044\u4e0a\u3052\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u682a\u5f0f\u5e02\u5834\u304c\u6a5f\u80fd\u4e0d\u5168\u306b\u306a\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002\u682a\u5f0f\u5e02\u5834\u306f\u4eca\u65e2\u306b\u6a5f\u80fd\u4e0d\u5168\u3067\u3042\u308b\u3002\u65e5\u7d4c\u5e73\u5747\u306e1\u5272\u8fd1\u3044\u90e8\u5206\u3092\u5360\u3081\u308b\u30d5\u30a1\u30fc\u30b9\u30c8\u30ea\u30c6\u30a4\u30ea\u30f3\u30b0\uff08\u30e6\u30cb\u30af\u30ed\uff09\u306e\u682a\u4fa1\u53ce\u76ca\u7387\u306f60\u306b\u3082\u9054\u3057\u3066\u304a\u308a\u3001Google\u3084Apple\u3088\u308a\u3082\u9ad8\u3044\u3002\u670d\u98fe\u306f\u305d\u308c\u307b\u3069\u306e\u30b0\u30ed\u30fc\u30b9\u682a\u306a\u306e\u3060\u308d\u3046\u304b\u3002\u3082\u306f\u3084\u5fd8\u308c\u3089\u308c\u3066\u3044\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u304c\u3001\u682a\u5f0f\u5e02\u5834\u306b\u306f\u5024\u6c7a\u3081\u3068\u3044\u3046\u5f79\u5272\u304c\u3042\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u56fd\u304c\u6301\u3063\u3066\u3044\u308b\u4eba\u7684\u3001\u7269\u7684\u8cc7\u6e90\u306f\u9650\u3089\u308c\u3066\u3044\u308b\u3002\u305d\u306e\u8cc7\u6e90\u3092\u81ea\u5206\u306e\u4e8b\u696d\u306b\u4f7f\u3044\u305f\u3044\u3068\u3044\u3046\u4eba\u304c\u6ca2\u5c71\u3044\u308b\u3002\u305d\u306e\u4e2d\u3067\u8ab0\u304c\u8cc7\u6e90\u3092\u4f7f\u3046\u3079\u304d\u304b\u3092\u6c7a\u5b9a\u3059\u308b\u306e\u304c\u682a\u5f0f\u5e02\u5834\u3067\u3042\u308b\u3002\u8cc7\u6e90\u3092\u4f7f\u3063\u3066\u8ab0\u3082\u4f7f\u308f\u306a\u3044\u3082\u306e\u3092\u4f5c\u3063\u3066\u3057\u307e\u3046\u3068\u8cc7\u6e90\u304c\u7121\u99c4\u306b\u306a\u308b\u3002\u8ab0\u3082\u304c\u4f7f\u3044\u305f\u3044\u88fd\u54c1\u3092\u4f5c\u308b\u4e8b\u696d\u306b\u8cc7\u6e90\u3092\u5206\u914d\u3059\u308b\u306e\u304c\u682a\u5f0f\u5e02\u5834\u306e\u5f79\u5272\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u304c\u6a5f\u80fd\u4e0d\u5168\u306b\u9665\u308b\u3068\u3069\u3046\u306a\u308b\u304b\u3068\u8a00\u3048\u3070\u3001\u7d4c\u6e08\u6210\u9577\u7387\u304c\u4e0b\u304c\u308b\u306e\u3067\u3042\u308b\u3002\u4eba\u3005\u304c\u7279\u306b\u4f7f\u3044\u305f\u3044\u308f\u3051\u3067\u306f\u306a\u3044\u88fd\u54c1\u3092\u4f5c\u308b\u4eba\u3005\u306b\u8cc7\u6e90\u3092\u6e21\u3057\u7d9a\u3051\u3001\u305d\u308c\u307b\u3069\u6b32\u3057\u304f\u3082\u306a\u3044\u88fd\u54c1\u304c\u5927\u91cf\u306b\u4f5c\u3089\u308c\u3066\u3044\u308b\u306e\u3060\u304b\u3089\u5f53\u305f\u308a\u524d\u3067\u3042\u308b\u3002\u30d5\u30a1\u30fc\u30b9\u30c8\u30ea\u30c6\u30a4\u30ea\u30f3\u30b0\u306e\u682a\u4fa1\u306f\u9ad8\u3044\u304c\u3001\u65e5\u7d4c\u5e73\u5747\u306e1\u5272\u5f31\u3092\u5360\u3081\u308b\u3053\u3068\u3068\u5927\u91cf\u306e\u8cc7\u6e90\u304c\u30e6\u30cb\u30af\u30ed\u306e\u670d\u306b\u6295\u5165\u3055\u308c\u308b\u3079\u304d\u304b\u3069\u3046\u304b\u3068\u306e\u9593\u306b\u4f55\u304b\u95a2\u9023\u6027\u304c\u3042\u308b\u306e\u3060\u308d\u3046\u304b\uff1f\u3000\u3053\u308c\u3082\u65e5\u9280\u304c\u65e5\u7d4c\u5e73\u5747ETF\u3092\u8cb7\u3044\u7d9a\u3051\u305f\u7d50\u679c\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10831\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u5171\u7523\u4e3b\u7fa9\u306e\u60aa\u5922\u304c\u8cc7\u672c\u4e3b\u7fa9\u306b\u306e\u3057\u304b\u304b\u308b<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/7103\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u91d1\u878d\u7de9\u548c\u3053\u305d\u304c\u30c7\u30d5\u30ec\u306e\u5143\u51f6<\/a><\/li><\/ul>\n\n\n\n<p>\u3053\u3093\u306a\u3053\u3068\u3092\u7d9a\u3051\u3066\u3044\u308c\u3070\u5143\u3005\u6c88\u3093\u3067\u3044\u308b\u65e5\u672c\u7d4c\u6e08\u306f\u3082\u3063\u3068\u6c88\u3093\u3067\u3086\u304f\u3060\u308d\u3046\u3002\u65e5\u672c\u7d4c\u6e08\u3092\u6c88\u3081\u308b\u3053\u3068\u3067\u91d1\u5132\u3051\u3092\u4f01\u3093\u3067\u3044\u308b\u81ea\u79f0\u4fdd\u5b88\u306e\u65b9\u3005\u304c\u653f\u5e9c\u306b\u305f\u304f\u3055\u3093\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u4e2d\u592e\u9280\u884c\u306f\u682a\u5f0f\u306f\u8cb7\u3063\u3066\u3044\u306a\u3044\u3002\u4eca\u5f8c\u8cb7\u3046\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u3057\u304b\u3057\u30a2\u30e1\u30ea\u30ab\u304c\u305d\u306e\u60aa\u624b\u306b\u305f\u3069\u308a\u7740\u304f\u307e\u3067\u306b\u306f\u3001\u682a\u5f0f\u5e02\u5834\u306f\u3082\u3046\u4e00\u5ea6\u843d\u3061\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3060\u308d\u3046\u3002\u305d\u3057\u3066\u305d\u306e\u6642\u306b\u306f\u7d4c\u6e08\u3092\u6c88\u6ca1\u3055\u305b\u308b\u60aa\u624b\u3092\u4f7f\u3063\u3066\u307e\u3067\u5e02\u5834\u3092\u652f\u3048\u3088\u3046\u3068\u4f01\u3093\u3067\u3044\u308b\u65e5\u672c\u3082\u4e00\u7dd2\u306b\u843d\u3061\u308b\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11006\">\u9280\u884c\u682a\u66b4\u9a30\u306f\u30d0\u30d6\u30eb\u76f8\u5834\u306e\u7d42\u308f\u308a\u306e\u59cb\u307e\u308a<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u65b0\u578b\u30b3\u30ed\u30ca\u306b\u3088\u308b\u4e0b\u843d\u76f8\u5834\u306e\u3042\u3068\u682a\u5f0f\u5e02\u5834\u304c\u53cd\u767a\u3092\u7d9a\u3051\u3066\u3044\u308b\u306e\u306f\u5468\u77e5\u306e\u901a\u308a\u3060\u304c\u3001\u305d\u306e\u5f71\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\u91d1\u5229\u304c\u3058\u308f\u3058\u308f\u3068\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002 \u4f4e\u91d1\u5229\u304c\u3053\u308c\u307e\u3067\u306e\u682a\u4fa1\u30d0\u30d6\u30eb\u3092\u4f5c\u308a\u4e0a\u3052\u3066\u304d\u305f\u3088\u3046\u306b\u9577\u671f\u91d1\u5229\u306f\u682a\u5f0f\u5e02\u5834\u306b\u5f71\u97ff\u3092\u53ca\u307c\u3059\u3060\u3051\u3067\u306a &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11038\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u91d1\u5229\u4e0a\u6607\u4e88\u60f3\u306e\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3068\u4f4e\u91d1\u5229\u4e88\u60f3\u306e\u30c0\u30ea\u30aa\u6c0f\u3001\u52dd\u3064\u306e\u306f\u3069\u3061\u3089\u304b<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[118,108],"tags":[],"class_list":["post-11038","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/11038","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/comments?post=11038"}],"version-history":[{"count":24,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/11038\/revisions"}],"predecessor-version":[{"id":11065,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/11038\/revisions\/11065"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=11038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=11038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=11038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}