{"id":34713,"date":"2023-03-17T20:01:00","date_gmt":"2023-03-17T11:01:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=34713"},"modified":"2023-03-17T18:19:16","modified_gmt":"2023-03-17T09:19:16","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e3%82%b7%e3%83%aa%e3%82%b3%e3%83%b3%e3%83%90%e3%83%ac%e3%83%bc%e9%8a%80%e8%a1%8c%e7%a0%b4%e7%b6%bb%e3%81%a7%e3%82%a2%e3%83%a1%e3%83%aa","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34713","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u666f\u6c17\u5f8c\u9000\u304c\u8fd1\u3065\u3044\u305f"},"content":{"rendered":"\n<p>\u7b46\u8005\u306e\u4ed6\u306b\u91d1\u5229\u4f4e\u4e0b\u3092\u4e88\u60f3\u3057\u7d9a\u3051\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u306b\u4f34\u3046\u91d1\u5229\u6025\u843d\u3067\u5229\u76ca\u3092\u5f97\u305f\u4eba\u7269\u304c\u3044\u308b\u3002DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>CNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u304b\u3089\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb\u306b\u5bfe\u3059\u308b\u5f7c\u306e\u53cd\u5fdc\u3092\u7d39\u4ecb\u3057\u3088\u3046\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb<\/strong><\/p>\n\n\n\n<p>\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8aac\u660e\u3057\u305f\u901a\u308a\u3060\u304c\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306f\u9867\u5ba2\u3067\u3042\u3063\u305f\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u306e\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u305f\u3061\u304cFed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u7aae\u5730\u306b\u8ffd\u3044\u8fbc\u307e\u308c\u305f\u3053\u3068\u306b\u3088\u3063\u3066\u7834\u7dbb\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34498\" data-type=\"post\" data-id=\"34498\">\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u6c7a\u7b97\u66f8\u304b\u3089\u7834\u7dbb\u306e\u7406\u7531\u3092\u89e3\u8aac\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u308c\u3067\u5c11\u3057\u524d\u307e\u3067\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u671f\u5f85\u307e\u3067\u51fa\u3066\u3044\u305f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u9014\u7aef\u306b\u6697\u96f2\u304c\u7acb\u3061\u8fbc\u3081\u3066\u3044\u308b\u3002\u7b46\u8005\u3084\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u5e02\u5834\u304c\u3069\u3046\u306a\u308d\u3046\u304c\u666f\u6c17\u5f8c\u9000\u306b\u8ced\u3051\u3066\u304d\u305f\u304c\u3001\u5e02\u5834\u306e\u65b9\u306f\u559c\u3093\u3060\u308a\u60b2\u3057\u3093\u3060\u308a\u5fd9\u3057\u305d\u3046\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/32970\" data-type=\"post\" data-id=\"32970\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u666f\u6c17\u5f8c\u9000\u5165\u308a\u306f\u4fdd\u8a3c\u3055\u308c\u3066\u3044\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33649\" data-type=\"post\" data-id=\"33649\">2023\u5e74\u306e\u682a\u4fa1\u4e88\u60f3: \u7c73\u56fd\u682a\u3068\u65e5\u672c\u682a\u306e\u7a7a\u58f2\u308a\u3092\u958b\u59cb\u3001\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u306f\u6709\u308a\u5f97\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u8ab0\u304b\u304c\u8a00\u3063\u3066\u3044\u305f\u304c\u3001\u5e02\u5834\u3067\u52dd\u3064\u305f\u3081\u306b\u306f\u8ab0\u3082\u304c\u9154\u3063\u6255\u3063\u3066\u3044\u308b\u6642\u306b\u3057\u3089\u3075\u3067\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u304c\u793a\u5506\u3059\u308b\u666f\u6c17\u5f8c\u9000<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u3067\u306f\u5b9f\u969b\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u3069\u3046\u306a\u308b\u306e\u3060\u308d\u3046\u304b\u3002\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb\u3092\u7d4c\u3066\u898b\u901a\u3057\u306f\u4f55\u304b\u5909\u308f\u3063\u305f\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u89e3\u8aac\u8a18\u4e8b\u306b\u66f8\u3044\u305f\u3088\u3046\u306b\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u81ea\u4f53\u306f\u3001Fed\u306b\u3088\u308b\u672a\u66fe\u6709\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u3067\u65e2\u306b\u7d4c\u6e08\u306b\u8d77\u3053\u3063\u3066\u3044\u305f\u5927\u898f\u6a21\u306a\u640d\u5931\u306e\u4e00\u90e8\u5206\u306b\u904e\u304e\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34498\" data-type=\"post\" data-id=\"34498\">\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u6c7a\u7b97\u66f8\u304b\u3089\u7834\u7dbb\u306e\u7406\u7531\u3092\u89e3\u8aac\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u3053\u306e\u30a4\u30d9\u30f3\u30c8\u3092\u53d7\u3051\u3066\u91d1\u878d\u5e02\u5834\u3067\u306f\u69d8\u3005\u306a\u52d5\u304d\u304c\u3042\u3063\u305f\u3002\u305d\u3057\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u305d\u306e\u4e2d\u3067\u9577\u77ed\u91d1\u5229\u5dee\u306b\u6ce8\u76ee\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u9577\u77ed\u91d1\u5229\u5dee\u3068\u306f\u300110\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u304b\u30892\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u3092\u5f15\u3044\u305f\u3082\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u901a\u5e38\u306f\u671f\u9593\u304c\u9577\u3044\u307b\u3069\u91d1\u5229\u304c\u9ad8\u3044\u306e\u3067\u9577\u77ed\u91d1\u5229\u5dee\u306f\u30d7\u30e9\u30b9\u3060\u304c\u30012\u5e74\u7269\u56fd\u50b5\u306f\u4eca\u5f8c2\u5e74\u306e\u653f\u7b56\u91d1\u5229\u3092\u7e54\u308a\u8fbc\u3080\u4e00\u65b9\u300110\u5e74\u7269\u56fd\u50b5\u306f\u91d1\u5229\u3068\u3088\u308a\u9577\u671f\u306e\u7d4c\u6e08\u52d5\u5411\u306b\u5de6\u53f3\u3055\u308c\u308b\u306e\u3067\u3001\u4e2d\u592e\u9280\u884c\u304c\u7121\u7406\u306b\u5229\u4e0a\u3052\u3092\u3057\u3066\u305d\u308c\u304c\u666f\u6c17\u5f8c\u9000\u3092\u3082\u305f\u3089\u3059\u3068\u5e02\u5834\u304c\u4e88\u60f3\u3059\u308b\u5834\u5408\u30012\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u304c\u4e0a\u304c\u308b\u4e00\u65b9\u306710\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306f\u305d\u308c\u307b\u3069\u4e0a\u304c\u3089\u305a\u3001\u9577\u77ed\u91d1\u5229\u304c\u9006\u8ee2\u3059\u308b\u3053\u3068\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u9577\u77ed\u91d1\u5229\u304c\u9006\u8ee2\u3059\u308b\u3068\u304d\u3001\u3064\u307e\u308a\u5e02\u5834\u304c\u5229\u4e0a\u3052\u306e\u3084\u308a\u904e\u304e\u3092\u8b66\u544a\u3059\u308b\u3068\u304d\u3001\u3053\u3053\u6570\u5341\u5e74\u3067\u306f\u307b\u307c\u9593\u9055\u3044\u306a\u304f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u666f\u6c17\u5f8c\u9000\u306b\u9665\u3063\u3066\u304d\u305f\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u306f\u9577\u77ed\u91d1\u5229\u5dee\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3042\u308b\u3002\u30b0\u30ec\u30fc\u306e\u90e8\u5206\u304c\u666f\u6c17\u5f8c\u9000\u3067\u3042\u308a\u3001\u9577\u77ed\u91d1\u5229\u5dee\u304c\u30de\u30a4\u30ca\u30b9\u306b\u306a\u3063\u3066\u304b\u3089\u30b0\u30ec\u30fc\u306e\u90e8\u5206\u304c\u73fe\u308c\u3066\u3044\u308b\u3053\u3068\u306b\u6ce8\u76ee\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/03\/2023-3-17-us-10year-treasury-bond-yield-minus-2-year-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"472\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/03\/2023-3-17-us-10year-treasury-bond-yield-minus-2-year-chart.png\" alt=\"\" class=\"wp-image-34731\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/03\/2023-3-17-us-10year-treasury-bond-yield-minus-2-year-chart.png 472w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/03\/2023-3-17-us-10year-treasury-bond-yield-minus-2-year-chart-300x296.png 300w\" sizes=\"auto, (max-width: 472px) 100vw, 472px\" \/><\/a><\/figure>\n\n\n\n<p>2022\u5e74\u306b\u306f\u7b46\u8005\u306f\u7269\u4fa1\u9ad8\u9a30\u304c\u3053\u306e\u72b6\u614b\u3092\u5f15\u304d\u8d77\u3053\u3059\u3053\u3068\u3092\u4e88\u60f3\u3057\u3001\u9577\u77ed\u91d1\u5229\u306e\u9006\u8ee2\u306b\u8ced\u3051\u308b\u30c8\u30ec\u30fc\u30c9\u3092\u884c\u306a\u3063\u3066\u5229\u76ca\u3092\u4e0a\u3052\u305f\u3053\u3068\u306f\u8aad\u8005\u3082\u77e5\u3063\u3066\u306e\u901a\u308a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/22559\" data-type=\"post\" data-id=\"22559\">\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u3092\u4e88\u6e2c\u3067\u304d\u305f\u7406\u7531\u3068\u4eca\u5f8c\u306e\u4e0d\u6cc1\u3068\u682a\u4fa1\u66b4\u843d\u306b\u3064\u3044\u3066 (2022\/4\/4)<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb\u3067\u9577\u77ed\u91d1\u5229\u5dee\u306b\u7570\u5909<\/strong><\/p>\n\n\n\n<p>\u305d\u306e\u9577\u77ed\u91d1\u5229\u5dee\u306f\u305d\u306e\u5f8c\u3082\u30de\u30a4\u30ca\u30b9\u5e45\u306e\u62e1\u5927\u3092\u7d9a\u3051\u305f\u304c\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u3092\u53d7\u3051\u3066\u3053\u306e\u52d5\u304d\u304c\u5c11\u3057\u5909\u308f\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8aac\u660e\u3057\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>\u9577\u671f\u56fd\u50b5\u306f\u4eca\u30012\u5e74\u7269\u56fd\u50b5\u3088\u308a\u3082\u4fa1\u683c\u4e0a\u6607\u304c\u5c0f\u3055\u3044\u3002\u3060\u304b\u3089\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306f\u5927\u304d\u304f\u6025\u52fe\u914d\u306b\u306a\u3063\u305f\u3068\u3044\u3046\u304b\u3001\u9006\u30a4\u30fc\u30eb\u30c9\u306e\u5ea6\u5408\u3044\u304c\u5927\u304d\u304f\u6e1b\u3063\u305f\u3002\u3053\u308c\u306f\u307e\u3055\u306b\u666f\u6c17\u5f8c\u9000\u306e\u6700\u5f8c\u306e\u5146\u3057\u3067\u3001\u666f\u6c17\u5f8c\u9000\u304c\u6bd4\u8f03\u7684\u65e9\u304f\u6765\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u904e\u53bb\u4f55\u5341\u5e74\u306b\u308f\u305f\u308b\u3059\u3079\u3066\u306e\u666f\u6c17\u5f8c\u9000\u3067\u306f\u3001\u9577\u77ed\u91d1\u5229\u5dee\u306e\u9006\u8ee2\u304c\u7e2e\u5c0f\u3057\u3066\u304b\u3089\u6570\u30f6\u6708\u3067\u7d4c\u6e08\u306f\u666f\u6c17\u5f8c\u9000\u306b\u9665\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u9577\u77ed\u91d1\u5229\u306e\u9006\u8ee2\u306f\u3001\u5229\u4e0a\u3052\u304c\u884c\u304d\u904e\u304e\u3066\u3044\u308b\u3068\u3044\u3046\u30b5\u30a4\u30f3\u3067\u3042\u308b\u3002\u3060\u304c2\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u304c\u9ad8\u3044\u6c34\u6e96\u306b\u3042\u308b\u9650\u308a\u3001\u5e02\u5834\u306f\u305d\u306e\u9ad8\u3044\u77ed\u671f\u91d1\u5229\u304c\u6301\u7d9a\u53ef\u80fd\u3060\u3068\u8003\u3048\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u306f\u3044\u305a\u308c\u666f\u6c17\u5f8c\u9000\u3092\u3082\u305f\u3089\u3059\u304c\u3001\u5f53\u9762\u306f\u91d1\u5229\u306f\u9ad8\u304f\u306a\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u9577\u77ed\u91d1\u5229\u5dee\u306e\u30c1\u30e3\u30fc\u30c8\u306e\u6700\u8fd1\u306e\u90e8\u5206\u3092\u898b\u308b\u3068\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/03\/2023-3-17-us-10year-treasury-bond-yield-minus-2-year-short-term-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"472\" height=\"466\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/03\/2023-3-17-us-10year-treasury-bond-yield-minus-2-year-short-term-chart.png\" alt=\"\" class=\"wp-image-34736\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/03\/2023-3-17-us-10year-treasury-bond-yield-minus-2-year-short-term-chart.png 472w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/03\/2023-3-17-us-10year-treasury-bond-yield-minus-2-year-short-term-chart-300x296.png 300w\" sizes=\"auto, (max-width: 472px) 100vw, 472px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u3092\u53d7\u3051\u3066\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u304c\u6025\u6fc0\u306b\u623b\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u304c\u89e3\u6d88\u3059\u308b\u3068\u304d<\/strong><\/p>\n\n\n\n<p>\u3053\u308c\u306f\u4f55\u3092\u610f\u5473\u3059\u308b\u306e\u3060\u308d\u3046\u304b\u3002\u9577\u77ed\u91d1\u5229\u304c\u5927\u304d\u304f\u9006\u8ee2\u3057\u3066\u3044\u305f\u3068\u304d\u306f\u30012\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306f\u653f\u7b56\u91d1\u5229\u304c\u5f53\u9762\u9ad8\u304f\u4fdd\u305f\u308c\u308b\u3053\u3068\u3092\u610f\u5473\u3057\u3066\u3044\u305f\u3002\u3060\u304c\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u30672\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u304c\u5927\u304d\u304f\u4e0b\u304c\u308a\u3001\u9577\u77ed\u91d1\u5229\u306e\u9006\u8ee2\u306f\u7de9\u548c\u3055\u308c\u305f\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u9577\u77ed\u91d1\u5229\u5dee\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u5143\u3005\u300c\u653f\u7b56\u91d1\u5229\u304c\u3053\u308c\u304b\u3089\u9ad8\u304f\u306a\u308a\u904e\u304e\u308b\u306e\u3067\u9577\u671f\u7684\u306b\u306f\u7d4c\u6e08\u304c\u6c88\u3080\u300d\u3053\u3068\u3092\u4e88\u60f3\u3057\u3066\u3044\u305f\u304c\u3001\u4eca\u3084\u300c\u653f\u7b56\u91d1\u5229\u3092\u9ad8\u304f\u4fdd\u3066\u306a\u3044\u307b\u3069\u666f\u6c17\u5f8c\u9000\u304c\u5dee\u3057\u8feb\u3063\u3066\u3044\u308b\u300d\u3053\u3068\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3057\u305f\u304c\u3063\u3066\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u306b\u3088\u3063\u3066\u666f\u6c17\u5f8c\u9000\u304c\u3044\u3088\u3044\u3088\u8fd1\u304f\u306a\u3063\u305f\u3068\u8a00\u3044\u305f\u3044\u306e\u3067\u3042\u308b\u3002\u5f7c\u306f\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\">\n<p>\u9577\u77ed\u91d1\u5229\u9006\u8ee2\u304c\u30d4\u30fc\u30af\u306b\u9054\u3057\u3066\u3044\u305f\u5148\u9031\u306b\u306f\u30014\u30f6\u6708\u304b\u30896\u30f6\u6708\u4ee5\u5185\u306b\u666f\u6c17\u5f8c\u9000\u304c\u8d77\u3053\u308b\u53ef\u80fd\u6027\u306f\u4f4e\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u9006\u8ee2\u304c\u89e3\u6d88\u3055\u308c\u59cb\u3081\u3066\u3044\u308b\u4eca\u30014\u30f6\u6708\u304b\u30896\u30f6\u6708\u4ee5\u5185\u306e\u666f\u6c17\u5f8c\u9000\u304c\u59a5\u5f53\u306b\u601d\u3048\u3066\u304f\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u306e\u7d50\u672b\u3082\u3044\u3088\u3044\u3088\u5927\u8a70\u3081\u3067\u3042\u308b\u3002\u5c11\u3057\u524d\u307e\u3067\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u671f\u5f85\u304c\u56c1\u304b\u308c\u3066\u3044\u305f\u3053\u3068\u3092\u8003\u3048\u308b\u3068\u6025\u5c55\u958b\u3067\u306f\u306a\u3044\u304b\u3002\u3060\u304c\u7d4c\u6e08\u5371\u6a5f\u306b\u304a\u3051\u308b\u76f8\u5834\u3068\u306f\u305d\u3046\u3044\u3046\u3082\u306e\u3067\u3042\u308b\u3002\u77ed\u671f\u7684\u306a\u5e02\u5834\u306e\u52d5\u304d\u306b\u60d1\u308f\u3055\u308c\u306a\u3044\u3088\u3046\u9811\u5f35\u3063\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\/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\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/28426\" data-type=\"post\" data-id=\"28426\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u682a\u5f0f\u5e02\u5834\u306f40\u5e74\u524d\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u3088\u308a\u9177\u3044\u60e8\u72b6\u306b<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u7b46\u8005\u306e\u4ed6\u306b\u91d1\u5229\u4f4e\u4e0b\u3092\u4e88\u60f3\u3057\u7d9a\u3051\u3001\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u7834\u7dbb\u306b\u4f34\u3046\u91d1\u5229\u6025\u843d\u3067\u5229\u76ca\u3092\u5f97\u305f\u4eba\u7269\u304c\u3044\u308b\u3002DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u3067\u3042\u308b\u3002 CNBC\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u304b\u3089\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb\u306b\u5bfe &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34713\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u7834\u7dbb\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u666f\u6c17\u5f8c\u9000\u304c\u8fd1\u3065\u3044\u305f<\/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":[131],"class_list":["post-34713","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\/34713","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=34713"}],"version-history":[{"count":35,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/34713\/revisions"}],"predecessor-version":[{"id":34750,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/34713\/revisions\/34750"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=34713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=34713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=34713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}