{"id":41538,"date":"2023-11-13T20:00:00","date_gmt":"2023-11-13T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=41538"},"modified":"2023-11-13T23:20:43","modified_gmt":"2023-11-13T14:20:43","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-mmt%e8%ab%96%e8%80%85%e3%81%af%e3%83%8d%e3%82%ba%e3%83%9f%e3%81%ae%e5%b7%a3%e7%a9%b4%e3%81%ab%e5%b8%b0%e3%81%a3%e3%81%a6%e3%82%82","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/41538","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: MMT\u8ad6\u8005\u306f\u30cd\u30ba\u30df\u306e\u5de3\u7a74\u306b\u5e30\u3063\u3066\u3082\u3046\u51fa\u3066\u6765\u306a\u3044"},"content":{"rendered":"\n<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cYahoo Finance\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u304b\u3064\u3066\u3044\u304f\u3089\u304a\u91d1\u3092\u5237\u3063\u3066\u3082\u554f\u984c\u306a\u3044\u3068\u4e3b\u5f35\u3057\u305fMMT\uff08\u73fe\u4ee3\u8ca8\u5e63\u7406\u8ad6\uff09\u306b\u3064\u3044\u3066\u75db\u70c8\u306a\u30b3\u30e1\u30f3\u30c8\u3092\u3057\u3066\u3044\u308b\u306e\u3067\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u83ab\u5927\u306a\u653f\u5e9c\u50b5\u52d9\u3068\u56fd\u50b5\u66b4\u843d<\/strong><\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u653f\u5e9c\u50b5\u52d9\u304c\u3044\u3088\u3044\u3088\u5927\u304d\u306a\u554f\u984c\u306b\u306a\u308a\u3064\u3064\u3042\u308b\u3002\u30b3\u30ed\u30ca\u5f8c\u306b\u30a2\u30e1\u30ea\u30ab\u3067\u884c\u308f\u308c\u305f\u83ab\u5927\u306a\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u304c\u767a\u751f\u3057\u3001\u305d\u308c\u306b\u5bfe\u51e6\u3059\u308b\u305f\u3081\u306b\u30a2\u30e1\u30ea\u30ab\u3067\u306f\u5229\u4e0a\u3052\u304c\u884c\u308f\u308c\u305f\u304c\u3001\u7d50\u679c\u83ab\u5927\u306a\u653f\u5e9c\u50b5\u52d9\u306b\u5bfe\u3059\u308b\u5229\u6255\u3044\u304c\u6025\u5897\u3057\u3001\u5229\u6255\u3044\u306e\u305f\u3081\u306b\u30a2\u30e1\u30ea\u30ab\u653f\u5e9c\u306f\u66f4\u306b\u501f\u91d1\u3092\u5897\u3084\u3055\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u308c\u306f\u3082\u306f\u3084\u7121\u9650\u30eb\u30fc\u30d7\u3067\u3042\u308b\u3002\u5229\u6255\u3044\u304c\u5897\u52a0\u3057\u305f\u306e\u3067\u501f\u91d1\u3067\u5bfe\u5fdc\u3057\u3066\u3044\u308b\u304c\u3001\u501f\u91d1\u3092\u3059\u308b\u3068\u5229\u6255\u3044\u304c\u66f4\u306b\u5897\u3048\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3046\u3059\u308b\u3068\u50b5\u5238\u5e02\u5834\u306b\u306f\u7c73\u56fd\u50b5\u304c\u3042\u3075\u308c\u304b\u3048\u308b\u3053\u3068\u306b\u306a\u308b\u3002\u3053\u306e\u3053\u3068\u306b\u6c17\u3065\u3044\u305f\u30a2\u30e1\u30ea\u30ab\u306e\u5e02\u5834\u3067\u306f\u7c73\u56fd\u50b5\u304c\u66b4\u843d\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/40679\" data-type=\"post\" data-id=\"40679\">\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f: \u7c73\u56fd\u50b5\u306e\u5927\u91cf\u767a\u884c\u3067\u91d1\u5229\u306f\u307e\u3060\u307e\u3060\u4e0a\u304c\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u7c73\u56fd\u50b5\u306e\u4e0b\u843d\u3067\u91d1\u5229\u304c\u66f4\u306b\u4e0a\u6607\u3057\u3001\u305d\u308c\u304c\u682a\u4fa1\u3092\u4e0b\u843d\u3055\u305b\u3066\u3044\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/40275\" data-type=\"post\" data-id=\"40275\">2024\u5e74\u306e\u7c73\u56fd\u682a\u4e88\u60f3: \u682a\u4fa1\u306f\u6700\u5927\u306750%\u4e0b\u843d\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c<\/strong><\/p>\n\n\n\n<p>\u6839\u672c\u7684\u306a\u554f\u984c\u306f\u3001\u6bce\u5e74\u306e\u8ca1\u653f\u8d64\u5b57\u3067\u3042\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306f\u30b3\u30ed\u30ca\u798d\u3067\u6025\u5897\u3057\u305f\u304c\u3001\u305d\u306e\u5f8c\u3082\u305d\u308c\u307b\u3069\u5c0f\u3055\u304f\u306a\u308b\u3053\u3068\u3082\u306a\u304f\u30a2\u30e1\u30ea\u30ab\u306f\u8d64\u5b57\u3092\u5782\u308c\u6d41\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u653f\u6cbb\u5bb6\u306f\u8d64\u5b57\u3092\u6e1b\u3089\u3059\u6c17\u306f\u306a\u3055\u305d\u3046\u3060\u3002\u5f7c\u3089\u306e\u4ed5\u4e8b\u306f\u51fa\u6765\u308b\u9650\u308a\u7968\u7530\u306b\u3070\u3089\u6492\u304f\u3053\u3068\u306a\u306e\u3060\u304b\u3089\u3001\u5f7c\u3089\u306b\u306f\u8d64\u5b57\u3092\u6e1b\u3089\u3059\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u306a\u3069\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u306f\u53f8\u4f1a\u8005\u306f\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u306e\u69d8\u3005\u306a\u30a4\u30f3\u30d5\u30e9\u6295\u8cc7\u653f\u7b56\u306b\u8a00\u53ca\u3057\u3001\u305d\u308c\u304c\u539f\u56e0\u304b\u3068\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306b\u5c0b\u306d\u3066\u3044\u308b\u304c\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3080\u3057\u308d\u3053\u3046\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>\u653f\u6cbb\u5bb6\u304c\u5b9f\u969b\u306b\u3042\u306a\u305f\u304c\u6319\u3052\u305f\u3088\u3046\u306a\u3053\u3068\u306b\u304a\u91d1\u3092\u4f7f\u3063\u3066\u3044\u305f\u3089\u307e\u3060\u307e\u3057\u306a\u306e\u3060\u304c\u3002\u3060\u304c\u5b9f\u969b\u306b\u306f\u591a\u304f\u306e\u7a0e\u91d1\u304c\u7121\u99c4\u9063\u3044\u3055\u308c\u3066\u3044\u308b\u3068\u78ba\u4fe1\u3057\u3066\u3044\u308b\u3002\u591a\u304f\u306e\u304a\u91d1\u304c\u6d88\u6ec5\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4f8b\u3048\u3070\u30a6\u30af\u30e9\u30a4\u30ca\u306b\u9001\u3063\u305f\u8cc7\u91d1\u306f\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u653f\u5e9c\u95a2\u4fc2\u8005\u306b\u3088\u308c\u3070\u4f55\u51e6\u304b\u306b\u6d88\u3048\u3066\u3044\u308b\u3002\u5f7c\u3089\u306f\u8cc7\u91d1\u3092\u76d7\u3093\u3067\u3044\u308b\u3002\u307e\u308b\u3067\u660e\u65e5\u306a\u3069\u306a\u3044\u304b\u306e\u3088\u3046\u306b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u30a6\u30af\u30e9\u30a4\u30ca\u652f\u63f4\u306b\u6700\u521d\u304b\u3089\u53cd\u5bfe\u3057\u3066\u3044\u305f\u3002\u5f7c\u306f\u30a6\u30af\u30e9\u30a4\u30ca\u3067\u306e\u6226\u4e89\u304c\u59cb\u307e\u3063\u305f\u76f4\u5f8c\u306b\u3053\u3046\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\/21064\" data-type=\"post\" data-id=\"21064\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u7c73\u56fd\u306f\u534a\u5e74\u4ee5\u4e0a\u6226\u4e89\u306a\u3057\u3067\u306f\u3044\u3089\u308c\u306a\u3044\u3088\u3046\u3060 (2022\/3\/7)<\/a><\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u30a2\u30e1\u30ea\u30ab\u56fd\u5185\u306e\u7279\u5b9a\u306e\u5229\u5bb3\u30b0\u30eb\u30fc\u30d7\u306f\u3069\u3046\u3084\u3089\u30a2\u30e1\u30ea\u30ab\u56fd\u5916\u3067\u534a\u5e74\u9593\u6226\u4e89\u3092\u3057\u306a\u3044\u3053\u3068\u3055\u3048\u8010\u3048\u3089\u308c\u306a\u3044\u3088\u3046\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u305d\u3057\u30661\u5e74\u534a\u304c\u7d4c\u3061\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u4e16\u8ad6\u306f\u5f90\u3005\u306b\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306b\u8fd1\u4ed8\u304d\u3064\u3064\u3042\u308b\u3002\u5171\u548c\u515a\u652f\u6301\u8005\u306f\u30a6\u30af\u30e9\u30a4\u30ca\u306b\u6b66\u5668\u3092\u9001\u308b\u3053\u3068\u306b\u53cd\u5bfe\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3057\u3066\u30a6\u30af\u30e9\u30a4\u30ca\u306f\u7a7a\u4e2d\u5206\u89e3\u5bf8\u524d\u3067\u3042\u308b\u3002\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u653f\u6cbb\u5bb6\u306f\u3082\u306f\u3084\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u52dd\u5229\u3092\u4fe1\u3058\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<p>\u30a6\u30af\u30e9\u30a4\u30ca\u3067\u306f\u3001\u30bc\u30ec\u30f3\u30b9\u30ad\u30fc\u5927\u7d71\u9818\u306f\u540c\u50da\u306b\u5bfe\u3057\u3066\u3001\u897f\u5074\u8af8\u56fd\u304c\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u52dd\u5229\u3092\u7591\u3046\u3088\u3046\u306a\u767a\u8a00\u3092\u3057\u306a\u3044\u3088\u3046\u5fc5\u6b7b\u306b\u8aac\u5f97\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u304c\u3001\u5f7c\u306e\u5468\u308a\u306e\u4eba\u3005\u306f\u8ab0\u3082\u305d\u308c\u3092\u4fe1\u3058\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u304c\u897f\u5074\u306e\u5831\u9053\u3067\u6d41\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u72b6\u6cc1\u306f\u30a2\u30e1\u30ea\u30ab\u8ecd\u64a4\u9000\u524d\u591c\u306e\u30a2\u30d5\u30ac\u30cb\u30b9\u30bf\u30f3\u306b\u4f3c\u3066\u3044\u308b\u3002\u30a2\u30e1\u30ea\u30ab\u8ecd\u304c\u30a2\u30d5\u30ac\u30cb\u30b9\u30bf\u30f3\u304b\u3089\u64a4\u9000\u3057\u3001\u30bf\u30ea\u30d0\u30f3\u304c\u30a2\u30d5\u30ac\u30cb\u30b9\u30bf\u30f3\u306b\u5e30\u3063\u3066\u304d\u305f\u6642\u3001\u30a2\u30e1\u30ea\u30ab\u304c\u636e\u3048\u3066\u3044\u305f\u30a2\u30d5\u30ac\u30cb\u30b9\u30bf\u30f3\u306e\u5080\u5121\u653f\u6a29\u306f\u30bf\u30ea\u30d0\u30f3\u3068\u4e00\u5207\u6226\u308f\u305a\u306b\u4e00\u76ee\u6563\u306b\u9003\u3052\u51fa\u3057\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/14983\" data-type=\"post\" data-id=\"14983\">\u30bf\u30ea\u30d0\u30f3\u306e\u30a2\u30d5\u30ac\u30cb\u30b9\u30bf\u30f3\u65e9\u671f\u5236\u5727\u306b\u898b\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u5e1d\u56fd\u4e3b\u7fa9<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u5f7c\u3089\u306e\u76ee\u7684\u306f\u30a2\u30e1\u30ea\u30ab\u304c\u652f\u6255\u3046\u7d66\u6599\u3067\u3042\u3063\u3066\u3001\u547d\u3092\u304b\u3051\u3066\u6226\u3046\u3053\u3068\u3067\u306f\u306a\u304b\u3063\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u304c\u624b\u3092\u5f15\u304d\u3064\u3064\u3042\u308b\u4eca\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u306e\u653f\u6cbb\u5bb6\u306f\u307e\u3055\u306b\u30a2\u30d5\u30ac\u30cb\u30b9\u30bf\u30f3\u306e\u5080\u5121\u653f\u6a29\u3068\u540c\u3058\u6c17\u5206\u3060\u308d\u3046\u3002\u305d\u3046\u3067\u306a\u304f\u3068\u3082\u30a6\u30af\u30e9\u30a4\u30ca\u306f\u6b27\u5dde\u6709\u6570\u306e\u6c5a\u8077\u5927\u56fd\u3067\u3042\u308b\u3002\u3053\u306e\u72b6\u6cc1\u3067\u5f7c\u3089\u306b\u304a\u91d1\u3092\u9001\u308b\u3068\u3069\u3046\u306a\u308b\u304b\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u8003\u3048\u3066\u3044\u308b\u306e\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u8ca1\u653f\u8d64\u5b57\u306f\u89e3\u6c7a\u3055\u308c\u308b\u304b<\/strong><\/p>\n\n\n\n<p>\u53f8\u4f1a\u8005\u306f\u30d0\u30a4\u30c7\u30f3\u653f\u6a29\u306e\u8ca1\u653f\u653f\u7b56\u306b\u8a00\u53ca\u3057\u305f\u304c\u3001\u305d\u308c\u3067\u306f\u6765\u5e74\u306e\u5927\u7d71\u9818\u9078\u6319\u3067\u91ce\u515a\u5171\u548c\u515a\u304c\u653f\u6a29\u3092\u63e1\u308c\u3070\u554f\u984c\u306f\u89e3\u6c7a\u3059\u308b\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u4e88\u60f3\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>\u5171\u548c\u515a\u304c\u653f\u6a29\u306b\u8fd4\u308a\u54b2\u304f\uff1f\u3000\u305d\u308c\u304c\u3069\u3046\u3057\u305f\uff1f\u3000\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u306f\u3059\u3079\u3066\u306e\u653f\u6a29\u4e0b\u3067\u60aa\u5316\u3057\u3066\u304d\u305f\u3002\u3053\u308c\u306f\u75c5\u6c17\u3060\u3002\u6c38\u9060\u306b2\u5146\u30c9\u30eb\u306e\u8ca1\u653f\u8d64\u5b57\u3092\u5782\u308c\u6d41\u3057\u7d9a\u3051\u3089\u308c\u308b\u3068\u4fe1\u3058\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u9762\u767d\u3044\u3053\u3068\u306b\u3001\u30dd\u30fc\u30eb\u30fb\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f\u304c\u540c\u3058\u3053\u3068\u3092\u8a00\u3063\u3066\u3044\u305f\u3002\u6765\u5e74\u306e\u5927\u7d71\u9818\u9078\u6319\u3067\u30c8\u30e9\u30f3\u30d7\u6c0f\u304c\u52dd\u3064\u304b\u30d0\u30a4\u30c7\u30f3\u6c0f\u304c\u52dd\u3064\u304b\u304c\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306b\u3069\u3046\u5f71\u97ff\u3059\u308b\u304b\uff1f\u3000\u540c\u3058\u3067\u3042\u308b\u3002\u4e21\u8005\u3068\u3082\u306b\u73fe\u91d1\u7d66\u4ed8\u3092\u884c\u306a\u3063\u3066\u30a4\u30f3\u30d5\u30ec\u3092\u767a\u751f\u3055\u305b\u305f\u5f35\u672c\u4eba\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/40639\" data-type=\"post\" data-id=\"40639\">\u30c1\u30e5\u30fc\u30c0\u30fc\u30fb\u30b8\u30e7\u30fc\u30f3\u30ba\u6c0f: \u5927\u7d71\u9818\u9078\u6319\u306e\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u3078\u306e\u5f71\u97ff<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304b\u3089\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\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>\u3053\u308c\u306f\u5171\u548c\u515a\u304b\u6c11\u4e3b\u515a\u304b\u306e\u554f\u984c\u3067\u306f\u306a\u3044\u3002\u6570\u5b66\u8005\u304b\u30a8\u30bb\u7d4c\u6e08\u5b66\u8005\u304b\u306e\u554f\u984c\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u304a\u91d1\u3092\u3070\u3089\u6492\u3044\u3066\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308b\u306e\u306f\u7b97\u6570\u306e\u554f\u984c\u3060\u3068\u8a00\u3044\u305f\u3044\u306e\u3060\u308d\u3046\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u304b\u3064\u3066\u3053\u3046\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\/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<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>4\u6642\u306b10\u5104\u30c9\u30eb\u3092\u56fd\u6c11\u5168\u54e1\u306e\u9280\u884c\u53e3\u5ea7\u306b\u632f\u308a\u8fbc\u307f\u30015\u6642\u306b\u307e\u3060\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u3053\u3063\u3066\u3044\u306a\u3051\u308c\u3070\u3001\u30d5\u30a7\u30e9\u30fc\u30ea\u306e\u5e97\u8217\u524d\u306e\u884c\u5217\u306f\u306a\u304b\u306a\u304b\u306e\u898b\u3082\u306e\u306b\u306a\u3063\u3066\u3044\u308b\u3060\u308d\u3046\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u3061\u306a\u307f\u306b\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u592e\u9280\u884c\u306f2021\u5e74\u306b\u3053\u306e\u7b97\u6570\u306e\u554f\u984c\u304c\u5206\u304b\u3089\u306a\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/14522\" data-type=\"post\" data-id=\"14522\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f\u305f\u3060\u30a4\u30f3\u30d5\u30ec\u304c\u7d9a\u304b\u306a\u3044\u3088\u3046\u306b\u7948\u3063\u3066\u3044\u308b\u3060\u3051 (2021\/7\/18)<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>\u8ca1\u653f\u8d64\u5b57\u653f\u7b56\u306e\u7406\u8ad6\u7684\u6839\u62e0<\/strong><\/p>\n\n\n\n<p>\u8d64\u5b57\u306f\u56fd\u5bb6\u304c\u7834\u7dbb\u3059\u308b\u307e\u3067\u4fee\u6b63\u3055\u308c\u308b\u3053\u3068\u306f\u306a\u3044\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u653f\u6cbb\u5bb6\u304c\u305d\u3046\u3057\u305f\u304c\u308b\u306e\u304b\u306f\u65e2\u306b\u8aac\u660e\u3057\u305f\u304c\u3001\u5f7c\u3089\u306f\u81ea\u5206\u306e\u8003\u3048\u304c\u6b63\u5f53\u306a\u3082\u306e\u3060\u3068\u601d\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u308f\u3056\u308f\u3056\u7406\u8ad6\u7684\u6839\u62e0\u3092\u7528\u610f\u3057\u3066\u304f\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u308c\u304c\u304a\u91d1\u3092\u3069\u308c\u3060\u3051\u5237\u3063\u3066\u3070\u3089\u6492\u3044\u3066\u3082\u554f\u984c\u306a\u3044\u3068\u3057\u305f\u3044\u308f\u3086\u308bMMT\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u306f\u7d19\u5e63\u3092\u5927\u91cf\u306b\u5237\u3063\u305f\u3002\u305d\u308c\u3067\u3069\u3046\u306a\u3063\u305f\u304b\u3068\u8a00\u3048\u3070\u3001\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33013\" data-type=\"post\" data-id=\"33013\">\u4e16\u754c\u6700\u9ad8\u306e\u7d4c\u6e08\u5b66\u8005\u30b5\u30de\u30fc\u30ba\u6c0f\u304c\u8aac\u660e\u3059\u308b\u30a4\u30f3\u30d5\u30ec\u306e\u672c\u5f53\u306e\u7406\u7531<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/33890\" data-type=\"post\" data-id=\"33890\">\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f: \u91cf\u7684\u7de9\u548c\u304c\u30a4\u30f3\u30d5\u30ec\u3092\u5f15\u304d\u8d77\u3053\u3057\u305f<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3082\u3046\u7b11\u3046\u3057\u304b\u306a\u3044\u306e\u3060\u304c\u3001\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u3046\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>\u653f\u6cbb\u5bb6\u306fMMT\u306e\u3088\u3046\u306a\u8003\u3048\u3092\u6301\u3061\u51fa\u3057\u3066\u304d\u305f\u3002\u305d\u308c\u304c\u3069\u3046\u306a\u3063\u305f\u304b\uff1f\u3000\u7121\u9650\u306b\u652f\u51fa\u3057\u3066\u3082\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u3089\u306a\u3044\u3068\u3044\u3046\u9177\u3044\u30a2\u30a4\u30c7\u30a2\u3092\u5f7c\u3089\u304c\u6301\u3061\u51fa\u3057\u3066\u304d\u305f\u306e\u306f5\u5e74\u524d\u306e\u3053\u3068\u3060\u3002<\/p>\n\n\n\n<p>\u5f7c\u3089\u306f\u4eca\u3084\u5168\u54e1\u30cd\u30ba\u30df\u306e\u5de3\u7a74\u306b\u5f15\u3063\u8fbc\u3093\u3067\u3044\u308b\u30024.5\u5146\u30c9\u30eb\u306e\u8ca1\u653f\u51fa\u52d5\u306b\u3088\u3063\u3066\u660e\u3089\u304b\u306b\u30a4\u30f3\u30d5\u30ec\u304c\u8d77\u304d\u3066\u3044\u308b\u304b\u3089\u3060\u3002MMT\u306b\u3088\u308c\u3070\u4f55\u306e\u554f\u984c\u3082\u8d77\u3053\u3089\u306a\u304b\u3063\u305f\u306f\u305a\u306a\u306e\u3060\u304c\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u8a66\u3059\u524d\u304b\u3089\u9593\u9055\u3063\u3066\u3044\u308b\u3068\u5206\u304b\u3063\u3066\u3044\u305f\u602a\u3057\u3052\u306a\u7406\u8ad6\u306f\u3001\u5358\u306b\u9593\u9055\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\/11992\" data-type=\"post\" data-id=\"11992\">\u30cf\u30a4\u30a8\u30af: \u30a4\u30f3\u30d5\u30ec\u4e3b\u7fa9\u306f\u975e\u79d1\u5b66\u7684\u8ff7\u4fe1<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4f55\u306e\u30aa\u30c1\u3082\u306a\u3044\u305d\u308c\u3060\u3051\u306e\u8a71\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u3001\u300c\u304a\u91d1\u3092\u3069\u308c\u3060\u3051\u5237\u3063\u3066\u3082\u554f\u984c\u306a\u3044\u7406\u8ad6\u300d\u306f\u4f55\u3082\u65b0\u3057\u3044\u8a71\u3067\u306f\u306a\u304f\u3001\u6b74\u53f2\u3092\u632f\u308a\u8fd4\u3063\u3066\u307f\u308c\u3070\u3001\u4eba\u985e\u304c\u7121\u5236\u9650\u306b\u304a\u91d1\u3092\u5237\u308a\u305f\u304f\u306a\u3063\u305f\u6642\u306b\u306f\u3044\u3064\u3082\u767b\u5834\u3057\u3001\u305d\u306e\u5f8c\u306e\u30a4\u30f3\u30d5\u30ec\u3068\u3068\u3082\u306b\u59ff\u3092\u6d88\u3059\u3044\u3064\u3082\u306e\u98a8\u7269\u8a69\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u3093\u306a\u308d\u304f\u3067\u3082\u306a\u3044\u3082\u306e\u306b\u5165\u308c\u8fbc\u3093\u3060\u4eba\u306f\u6642\u9593\u3092\u591a\u5c11\u7121\u99c4\u306b\u3057\u305f\u3068\u8a00\u3048\u308b\u3060\u308d\u3046\u3002\u3060\u304c\u5e78\u3044\u306b\u3082\u6642\u9593\u306f\u591a\u5c11\u3057\u304b\u7121\u99c4\u306b\u306a\u3063\u3066\u3044\u306a\u3044\u3002MMT\u306f\u3059\u3050\u306b\u6d88\u3048\u53bb\u3063\u305f\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u304cYahoo Finance\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3001\u304b\u3064\u3066\u3044\u304f\u3089\u304a\u91d1\u3092\u5237\u3063\u3066\u3082\u554f\u984c\u306a\u3044\u3068\u4e3b\u5f35\u3057\u305fMMT\uff08\u73fe\u4ee3\u8ca8\u5e63\u7406\u8ad6\uff09\u306b\u3064\u3044\u3066\u75db\u70c8\u306a\u30b3\u30e1\u30f3\u30c8\u3092\u3057\u3066\u3044\u308b\u306e\u3067\u7d39\u4ecb\u3057\u305f &hellip; <a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/41538\" class=\"more-link\">\u7d9a\u304d\u3092\u8aad\u3080 <span class=\"screen-reader-text\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: MMT\u8ad6\u8005\u306f\u30cd\u30ba\u30df\u306e\u5de3\u7a74\u306b\u5e30\u3063\u3066\u3082\u3046\u51fa\u3066\u6765\u306a\u3044<\/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-41538","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\/41538","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=41538"}],"version-history":[{"count":53,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/41538\/revisions"}],"predecessor-version":[{"id":41591,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/41538\/revisions\/41591"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=41538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=41538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=41538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}