{"id":32934,"date":"2023-01-21T20:00:00","date_gmt":"2023-01-21T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=32934"},"modified":"2023-01-21T15:00:59","modified_gmt":"2023-01-21T06:00:59","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-2023%e5%b9%b4%e3%80%81%e3%82%a2%e3%83%a1%e3%83%aa%e3%82%ab%e3%81%ae%e3%82%a4%e3%83%b3%e3%83%95%e3%83%ac%e7%8e%87%e3%81%af%e3%83%9e","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32934","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 2023\u5e74\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u30de\u30a4\u30ca\u30b9\u306b\u306a\u308b\u53ef\u80fd\u6027"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u5e74\u59cb\u306e\u81ea\u793e\u306eRound Table Prime\u30672023\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u306e\u3067\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u7387\u3001\u6025\u9a30\u304b\u3089\u6025\u843d\u3078<\/strong><\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u306f\u5e38\u306b\u8208\u5473\u6df1\u3044\u8a71\u984c\u3092\u63d0\u4f9b\u3057\u3066\u304f\u308c\u308b\u304c\u3001\u5e74\u59cb\u306eRound Table\u306f\u683c\u5225\u3067\u3042\u308b\u3002\u81ea\u793e\u4e3b\u50ac\u306e\u30a6\u30a7\u30d6\u30ad\u30e3\u30b9\u30c8\u3068\u3044\u3046\u3053\u3068\u3082\u3042\u308a\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u30e1\u30c7\u30a3\u30a2\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3088\u308a\u3082\u81ea\u7531\u306b\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u53bb\u5e74\u306eRound Table\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u3092\u3082\u305f\u3089\u3057\u305f\u653f\u5e9c\u306e\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3092\u6b21\u306e\u3088\u3046\u306b\u6279\u5224\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18701\" data-type=\"post\" data-id=\"18701\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 12\u624d\u5150\u3088\u308a\u3082\u611a\u304b\u306a\u4e2d\u592e\u9280\u884c\u306e\u5b58\u5728\u610f\u7fa9\u304c\u5206\u304b\u3089\u306a\u3044 (2022\/1\/14)<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30b3\u30ed\u30ca\u3067\u751f\u7523\u80fd\u529b\u304c\u843d\u3061\u3066\u3044\u308b\u72b6\u6cc1\u3067\u4f55\u5146\u30c9\u30eb\u3082\u306e\u8cc7\u91d1\u3092\u3070\u3089\u6492\u3051\u3070\u3001\u7269\u4fa1\u304c\u4e0a\u304c\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u982d\u306e\u826f\u304412\u624d\u5150\u306a\u3089\u5206\u304b\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u3082\u305d\u3082\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u3082\u305f\u3089\u3059\u306e\u306f\u5f53\u305f\u308a\u524d\u3060\u308d\u3046\u3002\u7b46\u8005\u3084\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u3088\u3046\u306a\u4eba\u9593\u306f\u305d\u308c\u306b\u9a5a\u3044\u3066\u3044\u308b\u4eba\u3005\u3092\u898b\u308b\u3068\u5bfe\u5fdc\u306b\u56f0\u3063\u3066\u3057\u307e\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31597\" data-type=\"post\" data-id=\"31597\">\u30cf\u30a4\u30a8\u30af: \u7de9\u3084\u304b\u306a\u30a4\u30f3\u30d5\u30ec\u304c\u6709\u76ca\u3067\u3042\u308b\u3068\u3044\u3046\u5e7b\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u53bb\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u307e\u305a\u3001\u4e0a\u65b9\u5411\u306b\u5927\u304d\u304f\u52d5\u3044\u3066\u885d\u6483\u3092\u4e0e\u3048\u305f\u3002CPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u306e\u30e1\u30a4\u30f3\u306e\u6570\u5b57\u306f9.1%\u307e\u3067\u4e0a\u6607\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u4e2d\u592e\u9280\u884c\u306f\u672a\u66fe\u6709\u306e\u8ca1\u653f\u523a\u6fc0\u306e\u6700\u4e2d\u306b\u7de9\u548c\u3092\u9577\u304f\u7d9a\u3051\u904e\u304e\u305f\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u7387\u306f9.1%\u307e\u3067\u4e0a\u304c\u308a\u3001\u73fe\u5728\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u9577\u671f\u7684\u306b\u8003\u3048\u308c\u3070\u3001\u7de9\u548c\u3057\u305f\u5206\u306f\u5f15\u304d\u7de0\u3081\u3057\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u308b\u3002\u305d\u3057\u3066\u30c8\u30fc\u30bf\u30eb\u3067\u306f\u3001\u4eba\u70ba\u7684\u306a\u7d4c\u6e08\u64cd\u4f5c\u304c\u6b6a\u307f\u3092\u751f\u307f\u51fa\u3057\u305f\u5206\u3060\u3051\u7d4c\u6e08\u306f\u640d\u3092\u3059\u308b\u3002\u305d\u308c\u304c\u30de\u30af\u30ed\u7d4c\u6e08\u5b66\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/24345\" data-type=\"post\" data-id=\"24345\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u666f\u6c17\u5f8c\u9000\u4e88\u60f3: \u73fe\u91d1\u7d66\u4ed8\u306e\u30c4\u30b1\u3092\u6255\u3046\u3053\u3068\u306b\u306a\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3053\u3046\u3057\u3066\u4e16\u754c\u7d4c\u6e08\u306f\u3053\u3053\u307e\u3067\u306e40\u5e74\u3092\u7de9\u548c\u3067\u652f\u3048\u308b\u305f\u3081\u306b\u3053\u308c\u304b\u3089\u306e40\u5e74\u3092\u72a0\u7272\u306b\u3057\u3066\u304d\u305f\u3002\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u3063\u305f\u3053\u3068\u304c\u8ee2\u63db\u70b9\u3067\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u4e0b\u3067\u306f\u7de9\u548c\u304c\u3067\u304d\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7de9\u548c\u3092\u3057\u305f\u304c\u308b\u306e\u306f\u3001\u81ea\u5206\u306e\u5229\u76ca\u306e\u305f\u3081\u306b\u9577\u671f\u7684\u306b\u7269\u4e8b\u3092\u8003\u3048\u305f\u304f\u306a\u3044\u4eba\u9593\u3060\u3051\u3060\u3002\u3060\u304c\u653f\u6cbb\u5bb6\u306b\u306f\u305d\u3046\u3044\u3046\u4eba\u9593\u3057\u304b\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31231\" data-type=\"post\" data-id=\"31231\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u9ad8\u9f62\u8005\u304c\u82e5\u8005\u304b\u3089\u643e\u53d6\u3059\u308b\u7a0e\u5236\u3092\u75db\u70c8\u6279\u5224<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3046\u3057\u3066Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306f\u53bb\u5e74\u304b\u3089\u5f15\u304d\u7de0\u3081\u3092\u958b\u59cb\u3057\u305f\u3002\u305d\u3057\u3066\u4eca\u5ea6\u306f\u7d4c\u6e08\u304c\u6c88\u3093\u3067\u3086\u304f\u3002\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u6025\u9a30\u304b\u3089\u6025\u843d\u306b\u8ee2\u3058\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32747\" data-type=\"post\" data-id=\"32747\">\u30a2\u30e1\u30ea\u30ab\u306e12\u6708\u30a4\u30f3\u30d5\u30ec\u7387\u306f6.4%\u306b\u6e1b\u901f\u3001\u30c9\u30eb\u5b89\u7d99\u7d9a\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2022-dec-us-cpi-growth.png\"><img loading=\"lazy\" decoding=\"async\" width=\"467\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2022-dec-us-cpi-growth.png\" alt=\"\" class=\"wp-image-32750\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2022-dec-us-cpi-growth.png 467w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2022-dec-us-cpi-growth-300x300.png 300w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2022-dec-us-cpi-growth-150x150.png 150w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2022-dec-us-cpi-growth-120x120.png 120w\" sizes=\"auto, (max-width: 467px) 100vw, 467px\" \/><\/a><\/figure>\n\n\n\n<p>\u305d\u3057\u3066\u7b46\u8005\u3084\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u4e88\u60f3\u3067\u306f\u3001\u3053\u306e\u30c8\u30ec\u30f3\u30c9\u306f\u7d99\u7d9a\u3059\u308b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4e0b\u843d\u3057\u3066\u3086\u304f\u3002<\/p>\n\n\n\n<p>\u308f\u308c\u308f\u308c\u306e\u4e88\u60f3\u3067\u306f6\u6708\u306b\u767a\u8868\u3055\u308c\u308b5\u6708\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f4%\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u5f8c\u305d\u306e\u8fba\u308a\u3067\u5b89\u5b9a\u3059\u308b\u304b\u5c11\u3057\u4e0a\u6607\u3059\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u534a\u5e74\u5f8c\u306b\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u6025\u843d\u304c\u591a\u5c11\u53ce\u307e\u308b\u3068\u3044\u3046\u4e88\u60f3\u306f\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u7b46\u8005\u304c\u8ff0\u3079\u305f\u3082\u306e\u3068\u540c\u3058\u3067\u3042\u308b\u3002\u7406\u7531\u306b\u3064\u3044\u3066\u306f\u305d\u3061\u3089\u3092\u53c2\u7167\u3057\u3066\u3082\u3089\u3044\u305f\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32904\" data-type=\"post\" data-id=\"32904\">\u30b5\u30de\u30fc\u30ba\u6c0f: \u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306f\u53ef\u80fd\u304b\u3082\u3057\u308c\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u305f\u30a4\u30f3\u30d5\u30ec\u306e\u5185\u8a33\u3092\u898b\u308b\u3068\u3001\u4eca\u5f8c\u534a\u5e74\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u6025\u843d\u7d99\u7d9a\u306f\u307b\u3068\u3093\u3069\u7591\u554f\u306e\u4f59\u5730\u306e\u306a\u3044\u3088\u3046\u306b\u601d\u3048\u308b\u3002\u30a8\u30cd\u30eb\u30ae\u30fc\u3084\u98df\u6599\u54c1\u3001\u4f4f\u5b85\u3001\u30b5\u30fc\u30d3\u30b9\u306e\u3059\u3079\u3066\u306e\u8981\u7d20\u304c\u4e2d\u671f\u7684\u306b\u306f\u4e0b\u843d\u306b\u5411\u304b\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32747\" data-type=\"post\" data-id=\"32747\">\u30a2\u30e1\u30ea\u30ab\u306e12\u6708\u30a4\u30f3\u30d5\u30ec\u7387\u306f6.4%\u306b\u6e1b\u901f\u3001\u30c9\u30eb\u5b89\u7d99\u7d9a\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u306f2%\u3067\u6b62\u307e\u308b\u306e\u304b<\/strong><\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u554f\u984c\u306f\u305d\u306e\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u63a8\u79fb\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u5e02\u5834\u306eCPI\u4e88\u60f3\u3084\u30a8\u30b3\u30ce\u30df\u30b9\u30c8\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u306b\u3088\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f2%\u304b2.5%\u8fba\u308a\u307e\u3067\u4e0b\u304c\u308a\u3001\u305d\u3053\u3067\u9b54\u6cd5\u306e\u3088\u3046\u306b\u505c\u6b62\u3057\u3066\u304b\u30893\u5e74\u9593\u6a2a\u3070\u3044\u306b\u306a\u308b\u3068\u4e88\u60f3\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u307e\u3063\u305f\u304f\u975e\u8ad6\u7406\u7684\u3060\u3002\u30a4\u30f3\u30d5\u30ec\u7387\u304c36\u30f6\u6708\u9023\u7d9a\u3067\u5b8c\u74a7\u306a\u6a2a\u3070\u3044\u306b\u306a\u308b\u3053\u3068\u306f\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u6025\u843d\u304c\u76ee\u6a19\u306e2%\u3067\u3044\u304d\u306a\u308a\u90fd\u5408\u3088\u304f\u6b62\u307e\u308b\u3068\u4e88\u60f3\u3057\u306a\u304c\u3089\u3001\u4f55\u6545\u305d\u3046\u306a\u308b\u306e\u304b\u3092Fed\u3082\u8ab0\u3082\u8aac\u660e\u3067\u304d\u306a\u3044\u5947\u5999\u306a\u72b6\u6cc1\u3092\u8aad\u8005\u306f\u3069\u3046\u898b\u308b\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u30e9\u30ea\u30fc\u30fb\u30b5\u30de\u30fc\u30ba\u6c0f\u306f\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u671f\u5f85\u3092\u5e0c\u671b\u7684\u89b3\u6e2c\u3068\u547c\u3093\u3060\u304c\u3001\u73fe\u5728\u306e\u5e02\u5834\u306b\u304a\u3051\u308b\u672c\u5f53\u306e\u5e0c\u671b\u7684\u89b3\u6e2c\u306f\u3053\u306e\u30a4\u30f3\u30d5\u30ec\u4e88\u60f3\u3067\u3042\u308b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u4ee5\u524d\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/28474\" data-type=\"post\" data-id=\"28474\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u4e2d\u592e\u9280\u884c\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u4e88\u60f3\u306f\u4eba\u9593\u304c\u60f3\u50cf\u53ef\u80fd\u306a\u4e2d\u3067\u4e00\u756a\u99ac\u9e7f\u3052\u305f\u7d4c\u6e08\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u4f55\u65452%\u3067\u6b62\u307e\u308b\u306e\u304b\uff1f\u3000\u305d\u3053\u306b\u4f55\u304b\u9b54\u6cd5\u3067\u3082\u3042\u308b\u306e\u304b\uff1f<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u30a4\u30f3\u30d5\u30ec\u7387\u6025\u9a30\u306f\u884c\u304d\u904e\u304e\u305f\u3001\u305d\u3057\u3066\u6025\u843d\u3082\u884c\u304d\u904e\u304e\u308b<\/strong><\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u4eca\u56de\u306e\u52d5\u753b\u3067\u3082\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Fed\u304c\u3044\u307e\u3060\u306b\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3092\u7d9a\u3051\u308b\u6c17\u3067\u3001\u7d4c\u6e08\u304c\u660e\u3089\u304b\u306b\u6e1b\u901f\u3057\u3066\u304a\u308a\u3001\u3042\u3089\u3086\u308b\u666f\u6c17\u5f8c\u9000\u306e\u6307\u6a19\u304c\u666f\u6c17\u5f8c\u9000\u304c\u3082\u3046\u305d\u3053\u307e\u3067\u6765\u3066\u3044\u308b\u304b\u30016\u30f6\u6708\u5f8c\u306b\u8d77\u3053\u308b\u3068\u8a00\u3063\u3066\u3044\u308b\u306e\u306b\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u304c9.1%\u304b\u3089\u6025\u843d\u3057\u3066\u3044\u308b\u52e2\u3044\u306e\u306a\u304b\u3067\u3044\u304d\u306a\u308a2%\u3067\u6b62\u307e\u308b\u7406\u7531\u304c\u5206\u304b\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u307b\u3068\u3093\u3069\u632f\u308a\u5b50\u306e\u6cd5\u5247\u306e\u3088\u3046\u306a\u3082\u306e\u3060\u3002\u843d\u3061\u3066\u304d\u305f\u632f\u308a\u5b50\u306f\u3044\u304d\u306a\u308a\u4e0b\u3067\u6b62\u307e\u3063\u305f\u308a\u306f\u3057\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>GDP\u306e10%\u3092\u8d85\u3048\u308b\u3070\u3089\u6492\u304d\u30922\u5e74\u9023\u7d9a\u3067\u3084\u3063\u3066\u304a\u304d\u306a\u304c\u3089\u7269\u4fa1\u9ad8\u9a30\u306f\u8d77\u3053\u3089\u306a\u3044\u3068\u4e3b\u5f35\u3057\u3066\u3044\u305f\u653f\u6cbb\u5bb6\u3084\u4e2d\u592e\u9280\u884c\u5bb6\u304c2022\u5e74\u306b\u6d3e\u624b\u306b\u30b3\u30b1\u305f\u306e\u3068\u540c\u3058\u3088\u3046\u306b\u3001Fed\u306f\u4eca\u3082\u307e\u305f\u30a4\u30f3\u30d5\u30ec\u7387\u6025\u843d\u306f\u90fd\u5408\u3088\u304f2%\u3067\u6b62\u307e\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u305d\u3046\u306f\u4e88\u60f3\u3057\u3066\u3044\u306a\u3044\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Fed\u304c\u5f15\u304d\u7de0\u3081\u3092\u7d9a\u3051\u3066\u7d4c\u6e08\u304c\u66f4\u306b\u5f31\u307e\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f4%\u3069\u3053\u308d\u304b\u5e74\u5185\u306e\u3069\u3053\u304b\u3067\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u524d\u5e74\u540c\u6708\u6bd4\u3067\u30de\u30a4\u30ca\u30b9\u306b\u306a\u308a\u5f97\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u50b5\u5238\u5e02\u5834\u306f\u55c5\u304e\u5206\u3051\u59cb\u3081\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>6\u30f6\u6708\u524d\u306b\u3069\u3046\u3044\u3046\u72b6\u614b\u3060\u3063\u305f\u304b\u3092\u8003\u3048\u308c\u3070\u3053\u308c\u306f\u6050\u308b\u3079\u304d\u3053\u3068\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e71\u9ad8\u4e0b\u3059\u308b\u539f\u56e0\u306f\u3001\u5f53\u7136\u306a\u304c\u3089\u7d4c\u6e08\u4e88\u60f3\u3092\u5916\u3057\u307e\u304f\u308b\u4e2d\u592e\u9280\u884c\u5bb6\u304c\u91d1\u5229\u3092\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3057\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002\u91d1\u5229\u306e\u52d5\u304d\u3092\u5e02\u5834\u306b\u4efb\u305b\u305f\u65b9\u304c\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u5b89\u5b9a\u3059\u308b\u3002\u73fe\u91d1\u7d66\u4ed8\u304c\u7269\u4fa1\u9ad8\u9a30\u3092\u3082\u305f\u3089\u3057\u305f\u3053\u3068\u3082\u542b\u3081\u3066\u3001\u653f\u6cbb\u5bb6\u3068\u5b98\u50da\u304c\u3059\u3079\u3066\u306e\u5143\u51f6\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/18701\" data-type=\"post\" data-id=\"18701\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 12\u624d\u5150\u3088\u308a\u3082\u611a\u304b\u306a\u4e2d\u592e\u9280\u884c\u306e\u5b58\u5728\u610f\u7fa9\u304c\u5206\u304b\u3089\u306a\u3044<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/12051\" data-type=\"post\" data-id=\"12051\">\u30cf\u30a4\u30a8\u30af: \u653f\u5e9c\u304b\u3089\u901a\u8ca8\u767a\u884c\u306e\u72ec\u5360\u6a29\u3092\u5265\u596a\u305b\u3088<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u6b63\u3057\u3044\u610f\u898b\u304c\u4e3b\u6d41\u6d3e\u306b\u306a\u308b\u3053\u3068\u306f\u306a\u3044\u3002\u4eba\u3005\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u7269\u4fa1\u9ad8\u3092\u610f\u5473\u3059\u308b\u3053\u3068\u3055\u3048\u4eca\u5e74\u306b\u306a\u308b\u307e\u3067\u77e5\u3089\u306a\u304b\u3063\u305f\u306e\u306b\u3001\u4f55\u6545\u305d\u3093\u306a\u3053\u3068\u304c\u671f\u5f85\u3067\u304d\u308b\u3060\u308d\u3046\u304b\u3002\u5f7c\u3089\u306b\u51fa\u6765\u308b\u306e\u306f\u3001\u53e3\u3092\u958b\u304d\u306a\u304c\u3089\u653f\u5e9c\u304c\u305d\u3053\u306b\u7d19\u5e63\u3092\u843d\u3068\u3057\u3066\u304f\u308c\u308b\u306e\u3092\u5f85\u3064\u3053\u3068\u304f\u3089\u3044\u3067\u3042\u308b\u3002\u3060\u304c\u5f7c\u3089\u306f\u7d19\u3057\u304b\u98df\u3079\u3089\u308c\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001Fed\u306e\u7de9\u548c\u8ee2\u63db\u304c\u306a\u3051\u308c\u3070\u3001\u7d4c\u6e08\u306f\u843d\u3061\u8fbc\u307f\u3092\u7d99\u7d9a\u3057\u91d1\u5229\u306f\u4e0b\u304c\u3063\u3066\u3086\u304f\u3002\u7b46\u8005\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3001\u305d\u3057\u3066\u30b9\u30b3\u30c3\u30c8\u30fb\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f\u306e3\u8005\u306b\u5171\u901a\u3059\u308b\u4e88\u60f3\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32780\" data-type=\"post\" data-id=\"32780\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f2\u5e74\u7269\u56fd\u50b5\u91d1\u5229\u306e\u8b66\u544a\u901a\u308a\u5229\u4e0b\u3052\u3059\u308b\u3001\u4e2d\u592e\u9280\u884c\u306f\u307e\u3063\u305f\u304f\u4e0d\u8981<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32205\" data-type=\"post\" data-id=\"32205\">\u30de\u30a4\u30ca\u30fc\u30c9\u6c0f: \u30a2\u30e1\u30ea\u30ab\u306f\u3042\u3068\u534a\u5e74\u3067\u5229\u4e0b\u3052\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4e00\u65b9\u3067Fed\u304c\u7de9\u548c\u306b\u8ee2\u3058\u3066\u3082\u3084\u306f\u308a\u91d1\u5229\u306f\u4e0b\u304c\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u91d1\u5229\u4f4e\u4e0b\u306f\u50b5\u5238\u4fa1\u683c\u4e0a\u6607\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u6b21\u306e\u3088\u3046\u306a\u7d50\u8ad6\u306b\u306a\u308b\u306e\u3082\u9837\u3051\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>2023\u5e74\u306f\u50b5\u5238\u5e02\u5834\u306b\u3068\u3063\u3066\u6975\u3081\u3066\u826f\u3044\u72b6\u6cc1\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u7b46\u8005\u306f\u653f\u7b56\u91d1\u5229\u3092\u5148\u8aad\u307f\u3057\u3066\u52d5\u304f2\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u4f4e\u4e0b\u306b\u8ced\u3051\u3066\u3044\u308b\u30022\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306f\u9806\u8abf\u306b\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31913\" data-type=\"post\" data-id=\"31913\">\u30a2\u30e1\u30ea\u30ab\u306f2\u5e74\u4ee5\u5185\u306b\u5229\u4e0b\u3052\u3059\u308b\u30012\u5e74\u7269\u56fd\u50b5\u306e\u8cb7\u3044\u958b\u59cb (2022\/12\/17)<\/a><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-21-us-2-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"406\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-21-us-2-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-32957\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-21-us-2-year-treasury-bond-yield-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/01\/2023-1-21-us-2-year-treasury-bond-yield-chart-300x197.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u305d\u3057\u3066\u30c9\u30eb\u306e\u91d1\u5229\u4f4e\u4e0b\u306f\u5f53\u7136\u30c9\u30eb\u306e\u4fa1\u5024\u306b\u3082\u4e0b\u65b9\u5727\u529b\u3092\u4e0e\u3048\u308b\u3002\u30c9\u30eb\u4e0b\u843d\u3082\u307e\u305f\u7b46\u8005\u306e\u4eca\u5e74\u306e\u30c6\u30fc\u30de\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32025\" data-type=\"post\" data-id=\"32025\">\u65e5\u9280\u306e\u9577\u671f\u91d1\u5229\u306e\u5b9f\u8cea\u5229\u4e0a\u3052\u3092\u53d7\u3051\u3066\u30c9\u30eb\u5186\u306e\u7a7a\u58f2\u308a\u3092\u958b\u59cb<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u5e74\u59cb\u306e\u81ea\u793e\u306eRound Table Prime\u30672023\u5e74\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u306e\u3067\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/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":[131],"class_list":["post-32934","post","type-post","status-publish","format-standard","hentry","category-us-bond-market","category-bond-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/32934","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=32934"}],"version-history":[{"count":34,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/32934\/revisions"}],"predecessor-version":[{"id":32969,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/32934\/revisions\/32969"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=32934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=32934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=32934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}