{"id":39098,"date":"2023-08-21T20:00:00","date_gmt":"2023-08-21T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=39098"},"modified":"2023-08-21T12:34:53","modified_gmt":"2023-08-21T03:34:53","slug":"%e7%b1%b3%e5%9b%bd%e6%a0%aa%e4%b8%8b%e8%90%bd%e3%81%ae%e5%8e%9f%e5%9b%a0-%e5%88%a9%e4%b8%8b%e3%81%92%e7%b9%94%e3%82%8a%e8%be%bc%e3%81%bf%e3%81%a7%e3%82%82%e6%ad%a2%e3%81%be%e3%82%89%e3%81%aa%e3%81%84","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39098","title":{"rendered":"\u7c73\u56fd\u682a\u4e0b\u843d\u306e\u539f\u56e0: 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class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-21-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-21-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-39099\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-21-us-10-year-treasury-bond-yield-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-21-us-10-year-treasury-bond-yield-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>8\u6708\u306b\u5165\u3063\u3066\u9ad8\u5024\u66f4\u65b0\u3092\u7d9a\u3051\u3066\u3044\u308b\u3002\u305d\u308c\u3067S&amp;P 500\u306e\u65b9\u306f\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\/08\/2023-8-21-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-21-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-39103\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-21-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-21-s-and-p-500-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u306b\u5bfe\u5fdc\u3059\u308b\u304b\u306e\u3088\u3046\u306a\u5931\u901f\u3067\u3042\u308b\u3002\u4e2d\u56fd\u306e\u4e0d\u52d5\u7523\u30d0\u30d6\u30eb\u5d29\u58ca\u306e\u554f\u984c\u3082\u3042\u308b\u3060\u308d\u3046\u304c\u3002\u3057\u304b\u3057\u3053\u3061\u3089\u30822021\u5e74\u304b\u3089\u5206\u304b\u3063\u3066\u3044\u305f\u3053\u3068\u3067\u3042\u308a\u3001\u4eca\u66f4\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39003\" data-type=\"post\" data-id=\"39003\">\u4eca\u306e\u4e2d\u56fd\u7d4c\u6e08\u306e\u30d0\u30d6\u30eb\u5d29\u58ca\u306f2\u5e74\u5f8c\u306e\u7c73\u56fd\u7d4c\u6e08\u306e\u59ff\u3092\u8868\u3057\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u9577\u671f\u91d1\u5229\u4e0a\u6607\u306e\u539f\u56e0<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u3067\u306f\u91d1\u5229\u4e0a\u6607\u306e\u539f\u56e0\u306f\u4f55\u304b\u3002\u5df7\u3067\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u9577\u5f15\u304f\u3053\u3068\u3092\u60f3\u5b9a\u3057\u3066\u3068\u3044\u3046\u4f55\u306e\u6839\u62e0\u3082\u306a\u3044\u4e3b\u5f35\u304c\u6a2a\u884c\u3057\u3066\u3044\u308b\u304c\u3001\u5e02\u5834\u306e\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u3080\u3057\u308d\u4e0b\u304c\u3063\u3066\u3044\u308b\u306e\u3067\u305d\u308c\u306f\u9593\u9055\u3044\u3067\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u3092\u5148\u65e5\u306e\u8a18\u4e8b\u3067\u6307\u6458\u3057\u3066\u304a\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38954\" data-type=\"post\" data-id=\"38954\">\u7c73\u56fd\u682a\u4e0b\u843d\u306e\u539f\u56e0: \u7c73\u56fd\u50b5\u304b\u3089\u8cc7\u91d1\u6d41\u51fa\u306e\u5146\u5019<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u306e\u306f\u826f\u3044\u5146\u5019\u3067\u306f\u306a\u3044\u3002\u305d\u308c\u3067\u3082\u7d4c\u6e08\u304c\u8010\u3048\u3089\u308c\u308b\u306a\u3089\u826f\u3044\u304c\u3001\u682a\u4fa1\u306e\u69d8\u5b50\u3092\u898b\u308b\u3068\u5fc5\u305a\u3057\u3082\u91d1\u878d\u5e02\u5834\u306f\u305d\u3046\u306f\u601d\u3063\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u56fd\u50b5\u306b\u3068\u3063\u3066\u91d1\u5229\u4e0a\u6607\u306f\u4fa1\u683c\u4e0b\u843d\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u3001\u7d4c\u6e08\u306e\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u3068\u91d1\u5229\u4e0a\u6607\u304c\u5408\u308f\u306a\u3044\u5834\u5408\u3001\u305d\u306e\u91d1\u5229\u4e0a\u6607\u306f\u56fd\u50b5\u304b\u3089\u306e\u8cc7\u91d1\u6d41\u51fa\u3092\u610f\u5473\u3057\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p><strong>\u5229\u4e0b\u3052\u3092\u7e54\u308a\u8fbc\u3080\u91d1\u5229\u5148\u7269\u5e02\u5834<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u524d\u306e\u8a18\u4e8b\u3067\u306f\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u6839\u62e0\u306b\u305d\u308c\u3092\u8ad6\u3058\u305f\u304c\u3001\u4eca\u56de\u306f\u3082\u30461\u3064\u5225\u306e\u6839\u62e0\u3092\u6319\u3052\u305f\u3044\u30022\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u3067\u3042\u308b\u3002\u305d\u308c\u306f\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\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\/08\/2023-8-21-us-2-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-21-us-2-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-39100\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-21-us-2-year-treasury-bond-yield-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/08\/2023-8-21-us-2-year-treasury-bond-yield-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u9577\u671f\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u30012\u5e74\u7269\u56fd\u50b5\u306e\u91d1\u5229\u306f7\u6708\u306e\u30d4\u30fc\u30af\u3088\u308a\u30823\u6708\u306e\u30d4\u30fc\u30af\u3088\u308a\u3082\u4e0b\u304c\u3063\u3066\u3044\u308b\u3053\u3068\u306b\u6ce8\u76ee\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u77ed\u671f\u91d1\u5229\u3092\u898b\u308b\u306a\u3089\u3070\u3001\u91d1\u5229\u306f\u4e0a\u304c\u3063\u3066\u306a\u3069\u3044\u306a\u3044\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3080\u3057\u308d\u91d1\u878d\u5e02\u5834\u306f\u4eca\u5f8c\u306e\u5229\u4e0b\u3052\u3092\u7e54\u308a\u8fbc\u3093\u3067\u3044\u308b\u3002\u91d1\u5229\u5148\u7269\u5e02\u5834\u306b\u3088\u308c\u3070\u3001\u73fe\u57285.25%\u3067\u3042\u308b\u653f\u7b56\u91d1\u5229\u306f\u3001\u6765\u5e74\u672b\u306b\u306f4.25%\u307e\u3067\u4e0b\u304c\u308b\u3053\u3068\u304c\u30e1\u30a4\u30f3\u30b7\u30ca\u30ea\u30aa\u3060\u3068\u3044\u3046\u7e54\u308a\u8fbc\u307f\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3053\u3053\u306b\u73fe\u5728\u306e\u682a\u5b89\u306e\u3082\u30461\u3064\u306e\u554f\u984c\u304c\u3042\u308b\u3002\u671f\u5f85\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u4e0b\u304c\u3063\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3053\u3068\u304c1\u3064\u306e\u554f\u984c\u3067\u3042\u308c\u3070\u3001\u5e02\u5834\u306f\u3053\u308c\u304b\u30891%\u3082\u306e\u5229\u4e0b\u3052\u304c\u3042\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u9577\u671f\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3082\u3082\u30461\u3064\u5927\u304d\u306a\u554f\u984c\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3064\u307e\u308a\u3001\u5e02\u5834\u3067\u306f\u7d4c\u6e08\u52d5\u5411\u3084\u91d1\u878d\u653f\u7b56\u3068\u306f\u95a2\u4fc2\u306a\u304f\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3066\u3044\u308b\u3002\u91d1\u5229\u4e0a\u6607\u306f\u50b5\u5238\u306b\u3068\u3063\u3066\u4fa1\u683c\u4e0b\u843d\u3092\u610f\u5473\u3059\u308b\u306e\u3067\u3001\u305d\u308c\u306f\u5b9f\u4f53\u7d4c\u6e08\u3068\u91d1\u878d\u653f\u7b56\u3068\u306f\u95a2\u4fc2\u306e\u306a\u3044\u7406\u7531\u3067\u7c73\u56fd\u50b5\u306e\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u610f\u5473\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u3002\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3089\u306e\u610f\u898b\u3082\u5272\u308c\u3066\u3044\u308b\u3002\u7b46\u8005\u306e\u4e88\u60f3\u306b\u3064\u3044\u3066\u3082\u8fd1\u3005\u3082\u3046\u4e00\u5ea6\u8a18\u4e8b\u306b\u3059\u308b\u3064\u3082\u308a\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38592\" data-type=\"post\" data-id=\"38592\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u7c73\u56fd\u7d4c\u6e08\u306e\u30bd\u30d5\u30c8\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3092\u4e88\u60f3<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/37318\" data-type=\"post\" data-id=\"37318\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u305d\u308c\u3067\u3082\u7c73\u56fd\u7d4c\u6e08\u306f\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3059\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38482\" data-type=\"post\" data-id=\"38482\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 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