{"id":39722,"date":"2023-09-11T20:00:00","date_gmt":"2023-09-11T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=39722"},"modified":"2023-09-11T15:00:22","modified_gmt":"2023-09-11T06:00:22","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e3%82%b3%e3%83%ad%e3%83%8a%e5%be%8c%e3%81%ae%e7%b7%a9%e5%92%8c%e3%81%ab%e3%82%88%e3%82%8b%e5%a5%bd%e6%99%af%e6%b0%97%e3%81%af%e7%b5%82","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39722","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30b3\u30ed\u30ca\u5f8c\u306e\u7de9\u548c\u306b\u3088\u308b\u597d\u666f\u6c17\u306f\u7d42\u308f\u308a\u3001\u7c73\u56fd\u7d4c\u6e08\u306f\u30c7\u30d5\u30ec\u3068\u666f\u6c17\u5f8c\u9000\u3078"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304d\u3001DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306eFOX Business\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u4e0b\u843d\u3057\u305f\u30a4\u30f3\u30d5\u30ec\u7387<\/strong><\/p>\n\n\n\n<p>\u524d\u56de\u306e\u8a18\u4e8b\u3067\u306f\u30b3\u30ed\u30ca\u5f8c\u306b\u73fe\u91d1\u7d66\u4ed8\u306a\u3069\u306b\u3088\u308a\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u3070\u3089\u6492\u304b\u308c\u305f\u8cc7\u91d1\u304c\u305d\u308d\u305d\u308d\u5e95\u3092\u5c3d\u304d\u304b\u3051\u3066\u3044\u308b\u3068\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u8aac\u660e\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39733\" data-type=\"post\" data-id=\"39733\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30b3\u30ed\u30ca\u5f8c\u306e\u7de9\u548c\u306b\u3088\u308b\u597d\u666f\u6c17\u306f\u305d\u308d\u305d\u308d\u7d42\u308f\u308a\u3001\u7c73\u56fd\u7d4c\u6e08\u306f\u6e1b\u901f\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3067\u306f\u305d\u308c\u306b\u4f34\u3044\u91d1\u878d\u653f\u7b56\u306f\u3069\u3046\u306a\u3063\u3066\u3086\u304f\u306e\u3060\u308d\u3046\u304b\uff1f\u3000\u305d\u308c\u304c\u4eca\u56de\u306e\u8a71\u984c\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u307e\u305a\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u3060\u304c\u3001Fed\uff08\u9023\u90a6\u6e96\u5099\u5236\u5ea6\uff09\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u3063\u3066\u3001CPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u306f9%\u304b\u30893%\u307b\u3069\u306b\u307e\u3067\u4e0b\u304c\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38832\" data-type=\"post\" data-id=\"38832\">7\u6708\u306e\u7c73\u56fd\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u307b\u307c\u6a2a\u3070\u3044\u3001\u30b5\u30fc\u30d3\u30b9\u3068\u4f4f\u5b85\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u52a0\u901f<\/a><\/li>\n<\/ul>\n\n\n\n<p class=\"has-small-font-size\">\u305d\u308c\u306f\u826f\u3044\u3053\u3068\u306b\u3088\u3046\u306b\u601d\u3048\u308b\u3002\u65e5\u9280\u306e\u690d\u7530\u7dcf\u88c1\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u7d4c\u6e08\u306b\u3068\u3063\u3066\u3082\u3063\u3068\u3082\u52b9\u7387\u306e\u826f\u3044\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u30bc\u30ed\u3067\u3042\u308b\u3002\u8ab0\u304b\u304c2%\u3060\u3068\u8a00\u3044\u3001\u8ab0\u3082\u304c\u305d\u306e\u51fa\u9c48\u76ee\u3092\u7121\u6279\u5224\u306b\u4fe1\u3058\u305f\u306e\u3060\u304c\u3001\u305d\u306e\u4ef6\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u304a\u3051\u308b\u767d\u5ddd\u5143\u7dcf\u88c1\u306e\u898b\u89e3\u304c\u53c2\u8003\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38086\" data-type=\"post\" data-id=\"38086\">\u65e5\u9280\u306e\u767d\u5ddd\u5143\u7dcf\u88c1\u304c\u7d4c\u6e08\u5b66\u8005\u30b5\u30de\u30fc\u30ba\u6c0f\u306e\u8b1b\u6f14\u3067\u975e\u5e38\u306b\u8208\u5473\u6df1\u3044\u8cea\u554f\u3092\u3057\u3066\u3044\u305f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306b\u3068\u3063\u3066\u306f\u3001Fed\u304c\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u66f4\u306b\u4e0b\u3052\u305f\u3044\u3053\u3068\u304c\u3080\u3057\u308d\u554f\u984c\u306a\u306e\u3067\u3042\u308b\u3002\u5f7c\u306f\u6b21\u306e\u3088\u3046\u306b\u8a00\u3046\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30b8\u30e3\u30af\u30bd\u30f3\u30db\u30fc\u30eb\u4f1a\u8b70\u3067\u30d1\u30a6\u30a8\u30eb\u6c0f\u306f\u3084\u3084\u30bf\u30ab\u6d3e\u3060\u3063\u305f\u3088\u3046\u306b\u898b\u3048\u305f\u3002\u904e\u53bb12\u30f6\u6708\u3001\u30a4\u30f3\u30d5\u30ec\u30922%\u307e\u3067\u4e0b\u3052\u308b\u3068\u3044\u3046\u5f7c\u306e\u6c7a\u5fc3\u306f\u5805\u3044\u307e\u307e\u3060\u3002<\/p>\n\n\n\n<p>CPI\u304c2.98%\u306b\u4e0b\u304c\u3063\u305f\u3068\u3053\u308d\u307e\u3067\u306f\u826f\u304b\u3063\u305f\u304c\u3001\u5f7c\u3089\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u66f4\u306b\u4e0b\u3052\u305f\u3044\u3088\u3046\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u4f55\u6545\u305d\u308c\u304c\u554f\u984c\u306a\u306e\u3060\u308d\u3046\u304b\u30021\u3064\u306e\u7591\u554f\u306f\u3001\u5f7c\u3089\u306f\u30a4\u30f3\u30d5\u30ec\u7387\u304c\u5b9f\u969b\u306b2%\u306b\u306a\u3063\u3066\u304b\u3089\u5f15\u304d\u7de0\u3081\u3092\u6b62\u3081\u308b\u3064\u3082\u308a\u3060\u308d\u3046\u304b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u91d1\u878d\u653f\u7b56\u304c\u5b9f\u4f53\u7d4c\u6e08\u306b\u5c4a\u304f\u307e\u3067\u306b\u306f\u6642\u5dee\u304c\u3042\u308b\u30022022\u5e74\u521d\u982d\u306b\u958b\u59cb\u3055\u308c\u305f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u3088\u3063\u3066\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f2022\u5e74\u79cb\u306b\u3088\u3046\u3084\u304f\u4e0b\u843d\u3092\u958b\u59cb\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u3067\u3042\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u304c2%\u306e\u6642\u306b\u5f15\u304d\u7de0\u3081\u3092\u6b62\u3081\u308c\u3070\u3001\u305d\u306e\u653f\u7b56\u5909\u66f4\u304c\u5b9f\u969b\u306b\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4e0b\u843d\u3092\u6b62\u3081\u3089\u308c\u308b\u6642\u306b\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4f55\u51e6\u307e\u3067\u4e0b\u304c\u3063\u3066\u3044\u308b\u3060\u308d\u3046\u304b\u3068\u3044\u3046\u3053\u3068\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>\u30a4\u30f3\u30d5\u30ec\u7387\u304c9%\u304c2%\u307e\u3067\u6975\u3081\u3066\u6025\u901f\u306b\u4e0b\u843d\u3059\u308b\u306a\u3089\u3070\u3001\u4e0b\u65b9\u5411\u306b\u884c\u304d\u904e\u304e\u308b\u3068\u8003\u3048\u306a\u3044\u7406\u7531\u304c\u4f55\u304b\u3042\u308b\u3060\u308d\u3046\u304b\uff1f<\/p>\n\n\n\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>Fed\u306f\u6050\u3089\u304f\u3084\u308a\u904e\u304e\u308b<\/strong><\/p>\n\n\n\n<p>\u53bb\u5e74\u304b\u3089\u306e\u30a4\u30f3\u30d5\u30ec\u7387\u4e0b\u843d\u3092\u7684\u78ba\u306b\u4e88\u60f3\u3057\u305f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306e\u4e0b\u843d\u304c\u3053\u306e\u307e\u307e\u5e95\u3092\u7a81\u304d\u7834\u3063\u3066\u3057\u307e\u3046\u3068\u8a00\u3046\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\u30922%\u306b\u5411\u3051\u3066\u4e0b\u3052\u308b\u3053\u3068\u306b\u71b1\u5fc3\u306aFed\u306f\u3001\u6050\u3089\u304f\u3084\u308a\u904e\u304e\u3066\u3057\u307e\u3046\u3060\u308d\u3046\u30022021\u5e74\u30842022\u5e74\u524d\u534a\u306b\u30a4\u30f3\u30d5\u30ec\u7387\u30922%\u4ee5\u4e0a\u306b\u3001\u308f\u305f\u3057\u306e\u63a8\u6e2c\u3067\u306f4%\u4ee5\u4e0a\u306b\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u305fFed\u306f\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u30924%\u3069\u3053\u308d\u304b9%\u307e\u3067\u4e0a\u3052\u3066\u3057\u307e\u3063\u305f\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u4eca\u30849%\u304b\u30893%\u307e\u3067\u4e0b\u304c\u3063\u3066\u3044\u308b\u3002CPI\u306f\u305d\u3053\u304b\u3089\u5c11\u3057\u518d\u4e0a\u6607\u3057\u3066\u3044\u308b\u304c\u3001\u305d\u308c\u306fFed\u306e\u6c7a\u610f\u3092\u5f37\u3081\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3060\u304c\u3001\u524d\u56de\u306e\u8a18\u4e8b\u3067\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u8a00\u3063\u3066\u3044\u305f\u306e\u306f\u3001\u30b3\u30ed\u30ca\u5f8c\u306b\u3070\u3089\u6492\u304b\u308c\u305f\u73fe\u91d1\u7d66\u4ed8\u306e\u6b8b\u91d1\u3084\u3001\u5bb6\u8cc3\u3084\u5968\u5b66\u91d1\u8fd4\u6e08\u3001\u7a0e\u91d1\u306a\u3069\u306e\u652f\u6255\u3044\u7336\u4e88\u304c\u306a\u304f\u306a\u308d\u3046\u3068\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39733\" data-type=\"post\" data-id=\"39733\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30b3\u30ed\u30ca\u5f8c\u306e\u7de9\u548c\u306b\u3088\u308b\u597d\u666f\u6c17\u306f\u305d\u308d\u305d\u308d\u7d42\u308f\u308a\u3001\u7c73\u56fd\u7d4c\u6e08\u306f\u6e1b\u901f\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u3046\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u3057\u304b\u3057\u7a0e\u91d1\u3084\u8cc3\u6599\u3001\u5968\u5b66\u91d1\u306e\u652f\u6255\u3044\u3084\u3001\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306e\u652f\u6255\u3044\u306e\u5897\u52a0\u306a\u3069\u304c\u91cd\u306a\u308a\u3001\u308f\u305f\u3057\u306e\u4e88\u60f3\u901a\u308a\u7d4c\u6e08\u304c\u6e1b\u901f\u3059\u308c\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u306f\u6700\u7d42\u7684\u306b\u306f2%\u306b\u4e0b\u304c\u308b\u3060\u308d\u3046\u304c\u3001\u305d\u306e\u307e\u307e\u4e00\u6642\u7684\u306b\u30c7\u30d5\u30ec\u307e\u3067\u884c\u3063\u3066\u3057\u307e\u3046\u3060\u308d\u3046\u3002\u305d\u3057\u3066\u305d\u308c\u304c\u6975\u3081\u3066\u30a4\u30f3\u30d5\u30ec\u7684\u306aFed\u306e\u5bfe\u5fdc\u3092\u5f15\u304d\u8d77\u3053\u3059\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u7b46\u8005\u3068\u540c\u3058\u4e88\u60f3\u3092\u3057\u3066\u3044\u308b\u3089\u3057\u3044\u3002\u3064\u307e\u308a\u3001Fed\u306f\u4e00\u5ea6\u30a4\u30f3\u30d5\u30ec\u6253\u5012\u306b\u6210\u529f\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u306f\u76ee\u6a19\u6c34\u6e96\u307e\u3067\u4e0b\u304c\u308b\u304c\u3001\u30a4\u30f3\u30d5\u30ec\u7387\u3092\u4e0b\u843d\u3055\u305b\u305f\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306f\u7d4c\u6e08\u6210\u9577\u7387\u3092\u3082\u4e0b\u843d\u3055\u305b\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30cf\u30a4\u30a8\u30af\u6c0f\u306e\u8a00\u3046\u3088\u3046\u306b\u3001\u30a4\u30f3\u30d5\u30ec\u653f\u7b56\u3067\u7121\u7406\u77e2\u7406\u96c7\u7528\u3092\u751f\u307f\u51fa\u3057\u305f\u5f8c\u306b\u304a\u6c7a\u307e\u308a\u306e\u5927\u91cf\u5931\u696d\u304c\u767a\u751f\u3057\u3001Fed\u306f\u614c\u3066\u3066\u7de9\u548c\u3092\u518d\u958b\u3059\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/31421\" data-type=\"post\" data-id=\"31421\">\u30cf\u30a4\u30a8\u30af: \u30a4\u30f3\u30d5\u30ec\u6e1b\u901f\u5f8c\u306e\u5931\u696d\u5897\u52a0\u306f\u907f\u3051\u3089\u308c\u306a\u3044<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u73fe\u5728\u3088\u308a\u9177\u3044\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u306b\u7e4b\u304c\u3063\u3066\u3086\u304f\u306e\u3067\u3042\u308b\u3002\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u306f\u4eca\u3084\u591a\u304f\u306e\u8b58\u8005\u304c\u4e88\u60f3\u3057\u3066\u3044\u308b\u304c\u3001\u30b3\u30ed\u30ca\u5f8c\u306b\u3053\u308c\u3092\u4e88\u60f3\u3057\u305f\u306e\u306f\u7b46\u8005\u306e\u77e5\u308b\u9650\u308a\u4ee5\u4e0b\u306e\u7b46\u8005\u306e\u8a18\u4e8b\u304c\u6700\u521d\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/17958\" data-type=\"post\" data-id=\"17958\">\u73fe\u5728\u306e\u30a2\u30e1\u30ea\u30ab\u306e\u7269\u4fa1\u9ad8\u9a30\u306f\u30a4\u30f3\u30d5\u30ec\u7b2c1\u6ce2\u306b\u904e\u304e\u306a\u3044 (2021\/12\/6)<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u6b21\u306e\u7de9\u548c\u3067\u306f\u91d1\u5229\u304c\u9ad8\u9a30\u3059\u308b<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u3053\u3053\u304b\u3089\u9762\u767d\u3044\u306e\u306f\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304c\u6b21\u306e\u91d1\u878d\u7de9\u548c\u306b\u3088\u3063\u3066\u91d1\u5229\u4e0a\u6607\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u6700\u8fd1\u3001\u91d1\u878d\u5e02\u5834\u3067\u306f\u91d1\u5229\u304c\u518d\u3073\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u53b3\u5bc6\u306b\u8a00\u3048\u3070\u9577\u671f\u91d1\u5229\u304c\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u9577\u671f\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-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/09\/2023-9-11-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\/09\/2023-9-11-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-39774\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/09\/2023-9-11-us-10-year-treasury-bond-yield-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/09\/2023-9-11-us-10-year-treasury-bond-yield-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u3053\u308c\u306f\u7c73\u56fd\u50b5\u304b\u3089\u306e\u9577\u671f\u7684\u306a\u8cc7\u91d1\u6d41\u51fa\u306e\u59cb\u307e\u308a\u3060\u3068\u3044\u3046\u610f\u898b\u3082\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/39098\" data-type=\"post\" data-id=\"39098\">\u7c73\u56fd\u682a\u4e0b\u843d\u306e\u539f\u56e0: \u5229\u4e0b\u3052\u7e54\u308a\u8fbc\u307f\u3067\u3082\u6b62\u307e\u3089\u306a\u3044\u9577\u671f\u91d1\u5229\u6025\u9a30<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3084\u3084\u9055\u3046\u898b\u65b9\u3092\u3057\u3066\u3044\u308b\u3089\u3057\u3044\u3002\u5f7c\u306f\u3080\u3057\u308d\u3001\u672c\u683c\u7684\u306a\u91d1\u5229\u4e0a\u6607\u304c\u59cb\u307e\u308b\u306e\u306f\u3053\u308c\u304b\u3089\u59cb\u307e\u308b\u666f\u6c17\u5f8c\u9000\u306e\u5f8c\u3060\u3068\u8a00\u3046\u3002\u5f7c\u306f\u3053\u3046\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>\u50b5\u5238\u5e02\u5834\u306e\u9577\u671f\u4e0b\u843d\u76f8\u5834\u306f\u6b21\u306b\u8d77\u3053\u308b\u3053\u3068\u3067\u306f\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u3060\u304c\u666f\u6c17\u5f8c\u9000\u304c\u8d77\u3053\u3063\u305f\u5f8c\u306e\u7d4c\u6e08\u653f\u7b56\u306f\u975e\u5e38\u306b\u30a4\u30f3\u30d5\u30ec\u7684\u306a\u3082\u306e\u306b\u306a\u308a\u3001\u305d\u306e\u7d50\u679c\u3068\u3057\u3066\u50b5\u5238\u306e\u9577\u671f\u4e0b\u843d\u76f8\u5834\u306f\u8d77\u3053\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u6b21\u306e\u666f\u6c17\u5f8c\u9000\u3067\u306f\u3001\u666f\u6c17\u5f8c\u9000\u304c\u6df1\u307e\u308b\u306b\u3064\u308c\u3066\u3001\u904e\u5270\u306a\u7d19\u5e63\u5370\u5237\u3068\u91d1\u878d\u7de9\u548c\u306b\u3088\u3063\u3066\u3080\u3057\u308d\u50b5\u5238\u306e\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068\u3044\u3046\u3084\u3084\u3053\u3057\u3044\u72b6\u6cc1\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u666f\u6c17\u5f8c\u9000\u3067\u91d1\u5229\u304c\u4e0b\u304c\u308b\u3002\u6050\u3089\u304f\u305d\u306e\u6bb5\u968e\u3067\u306f\u3001\u5e02\u5834\u4e88\u60f3\u3088\u308a\u5927\u304d\u304f\u306a\u308b\u666f\u6c17\u5f8c\u9000\u306e\u65b9\u306b\u6295\u8cc7\u5bb6\u306e\u6ce8\u610f\u3068\u60b2\u89b3\u306f\u884c\u3063\u3066\u3044\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u305d\u3053\u304b\u3089\u56de\u5fa9\u3059\u308b\u306b\u3064\u308c\u3001\u653f\u5e9c\u3068\u4e2d\u592e\u9280\u884c\u304c\u307e\u305f\u3057\u3066\u3082\u7de9\u548c\u3092\u3084\u308a\u904e\u304e\u305f\u3068\u3044\u3046\u3053\u3068\u306b\u5e02\u5834\u306f\u6c17\u4ed8\u304f\u3060\u308d\u3046\u3002\u305d\u3046\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u5229\u9ad8\u9a30\u306e\u7b2c2\u6ce2\u304c\u59cb\u307e\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/36547\" data-type=\"post\" data-id=\"36547\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u30cf\u30fc\u30c9\u30e9\u30f3\u30c7\u30a3\u30f3\u30b0\u3068\u30a4\u30f3\u30d5\u30ec\u7b2c2\u6ce2\u3092\u4e88\u60f3<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u307e\u305a\u306f\u6765\u5e74\u306e\u666f\u6c17\u5f8c\u9000\u3067\u3042\u308b\u3002\u305d\u308c\u3082\u305d\u308d\u305d\u308d\u3060\u308d\u3046\u3002\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u306e\u7a7a\u58f2\u308a\u3082\u59cb\u307e\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\/39167\" data-type=\"post\" data-id=\"39167\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u682a\u4fa1\u4e0b\u843d\u306e\u76f4\u524d\u304b\u3089\u7c73\u56fd\u682a\u306b\u5f31\u6c17<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/38912\" data-type=\"post\" data-id=\"38912\">\u30bd\u30ed\u30b9\u30d5\u30a1\u30f3\u30c9\u3001\u682a\u9ad8\u3067\u7c73\u56fd\u682a\u3092\u7a7a\u58f2\u308a<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304d\u3001DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306eFOX Business\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\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-39722","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\/39722","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=39722"}],"version-history":[{"count":33,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/39722\/revisions"}],"predecessor-version":[{"id":39780,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/39722\/revisions\/39780"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=39722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=39722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=39722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}