{"id":65052,"date":"2025-05-13T20:00:00","date_gmt":"2025-05-13T11:00:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=65052"},"modified":"2025-05-15T12:12:23","modified_gmt":"2025-05-15T03:12:23","slug":"%e6%a0%aa%e5%bc%8f%e5%b8%82%e5%a0%b4%e3%81%ae%e6%8e%a8%e7%a7%bb%e4%ba%88%e6%83%b3%e3%80%81%e5%8f%8d%e7%99%ba%e3%81%97%e3%81%a6%e3%81%84%e3%82%8b%e7%b1%b3%e5%9b%bd%e6%a0%aa%e3%81%af%e9%81%a0%e3%81%8b","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/65052","title":{"rendered":"\u682a\u5f0f\u5e02\u5834\u306e\u63a8\u79fb\u4e88\u60f3\u3001\u53cd\u767a\u3057\u3066\u3044\u308b\u7c73\u56fd\u682a\u306f\u9060\u304b\u3089\u305a\u91d1\u5229\u4e0a\u6607\u306b\u3088\u3063\u3066\u8105\u3055\u308c\u308b"},"content":{"rendered":"\n<p>\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u3092\u304d\u3063\u304b\u3051\u3068\u3059\u308b\u682a\u4fa1\u6025\u843d\u306e\u3042\u3068\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u3092\u5ef6\u671f\u3057\u305f\u3053\u3068\u306b\u3088\u3063\u3066\u7c73\u56fd\u682a\u306f\u53cd\u767a\u3057\u3066\u3044\u308b\u3002\u682a\u5f0f\u5e02\u5834\u306e\u52d5\u5411\u306f\u4eca\u5f8c\u3069\u3046\u306a\u3063\u3066\u3086\u304f\u306e\u304b\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u95a2\u7a0e\u3068\u682a\u5f0f\u5e02\u5834<\/strong><\/p>\n\n\n\n<p>\u95a2\u7a0e\u304c\u3053\u308c\u307b\u3069\u76ee\u307e\u3050\u308b\u3057\u304f\u5909\u308f\u308b\u3068\u3044\u3046\u306e\u306f\u3001\u8f38\u5165\u696d\u8005\u306b\u3068\u3063\u3066\u306f\u305f\u307e\u3063\u305f\u3082\u306e\u3067\u306f\u306a\u3044\u3060\u308d\u3046\u3002\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u306f\u3001\u7c73\u56fd\u682a\u3068\u7c73\u56fd\u50b5\u306e\u540c\u6642\u4e0b\u843d\u306e\u3042\u3068\u5ef6\u671f\u3055\u308c\u3001\u4e2d\u56fd\u306b\u5bfe\u3059\u308b145%\u306e\u95a2\u7a0e\u3060\u3051\u306f\u6b8b\u3055\u308c\u305f\u304c\u3001\u305d\u306e\u5f8c\u305d\u308c\u308290\u65e5\u9593\u9650\u5b9a\u3060\u304c30%\u306b\u4e0b\u3052\u3089\u308c\u305f\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u95a2\u7a0e\u306f\u305d\u308c\u3067\u3082\u6b8b\u3063\u3066\u3044\u308b\u3002\u7d50\u5c40\u4f55\u30d1\u30fc\u30bb\u30f3\u30c8\u306b\u306a\u308b\u306e\u304b\u306f\u3044\u307e\u3060\u306b\u5206\u304b\u3089\u306a\u3044\u304c\u3001\u682a\u5f0f\u5e02\u5834\u306f\u95a2\u7a0e\u306a\u3069\u5143\u3005\u306a\u304b\u3063\u305f\u304b\u306e\u3088\u3046\u306a\u559c\u3073\u3088\u3046\u3067\u3042\u308b\u3002S&amp;P 500\u306e\u30c1\u30e3\u30fc\u30c8\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\/2025\/05\/2025-5-13-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"543\" height=\"500\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-13-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-65062\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-13-s-and-p-500-chart.png 543w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-13-s-and-p-500-chart-300x276.png 300w\" sizes=\"auto, (max-width: 543px) 100vw, 543px\" \/><\/a><\/figure>\n\n\n\n<p>\u307b\u3068\u3093\u3069\u306e\u56fd\u306b\u5bfe\u3059\u308b\u95a2\u7a0e\u306f\u78ba\u5b9a\u3067\u306f\u306a\u304f\u3001\u95a2\u7a0e\u306e\u7a0e\u7387\u306f\u3053\u308c\u304b\u3089\u3082\u5909\u308f\u308a\u7d9a\u3051\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u304c\u3001\u4eca\u306e\u7a0e\u7387\u3067\u8b70\u8ad6\u3092\u9032\u3081\u308b\u3068\u3001\u91d1\u878d\u5e02\u5834\u306b\u305d\u308c\u307b\u3069\u5f71\u97ff\u3092\u4e0e\u3048\u306a\u304b\u3063\u305f\u524d\u56de\u306e\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u306b\u8fd1\u3065\u3044\u305f\u3068\u8a00\u3048\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p><strong>\u95a2\u7a0e\u3068\u8ca1\u653f\u8d64\u5b57<\/strong><\/p>\n\n\n\n<p>\u305d\u308c\u3067\u682a\u5f0f\u5e02\u5834\u306f\u559c\u3093\u3067\u3044\u308b\u308f\u3051\u3060\u304c\u3001\u5e02\u5834\u306f\u6839\u672c\u7684\u306a\u554f\u984c\u3092\u5fd8\u308c\u3066\u3044\u308b\u3002\u591a\u304f\u306e\u4eba\u306f\u95a2\u7a0e\u306f\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u304c\u8003\u3048\u306a\u3057\u306b\u7a81\u7136\u6301\u3061\u51fa\u3057\u305f\u3082\u306e\u3001\u64a4\u56de\u3057\u3066\u4f55\u306e\u554f\u984c\u3082\u306a\u3044\u3082\u306e\u3068\u601d\u3063\u3066\u3044\u308b\u304b\u3089\u3001\u5f53\u7136\u305d\u3046\u3044\u3046\u8003\u3048\u306b\u306a\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304c\u95a2\u7a0e\u306f\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u8ca1\u653f\u8d64\u5b57\u7e2e\u5c0f\u306e\u624b\u6bb5\u3068\u3057\u3066\u6301\u3061\u51fa\u3057\u305f\u3082\u306e\u3067\u3042\u308b\u3002\u3060\u304b\u3089\u95a2\u7a0e\u304c\u64a4\u56de\u3055\u308c\u308b\u3053\u3068\u306f\u3001\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u304c\u3075\u308a\u3060\u3057\u306b\u623b\u308b\u3053\u3068\u306b\u7b49\u3057\u3044\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u3068\u306f\u3001\u30b3\u30ed\u30ca\u5f8c\u306e\u91d1\u5229\u4e0a\u6607\u3067\u81a8\u5927\u306a\u91cf\u306e\u7c73\u56fd\u50b5\u306b\u591a\u984d\u306e\u5229\u6255\u3044\u304c\u751f\u3058\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u5229\u6255\u3044\u306f\u30a2\u30e1\u30ea\u30ab\u306eGDP\u306e4%\u306b\u5c4a\u3053\u3046\u3068\u3057\u3066\u304a\u308a\u30017%\u3042\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u8ca1\u653f\u8d64\u5b57\u306e\u534a\u5206\u306f\u4eca\u3084\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306a\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u7c73\u56fd\u653f\u5e9c\u306f\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u3092\u7c73\u56fd\u50b5\u306e\u767a\u884c\u3067\u8cc4\u3046\u81ea\u8ee2\u8eca\u64cd\u696d\u306b\u9665\u3063\u3066\u3044\u308b\u308f\u3051\u3060\u304c\u3001\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\u306f\u5143\u3005\u3001\u682a\u4fa1\u3092\u4e0b\u843d\u3055\u305b\u3066\u3067\u3082\u95a2\u7a0e\u306b\u3088\u308b\u5897\u53ce\u3067\u3053\u306e\u554f\u984c\u3092\u89e3\u6c7a\u3057\u3088\u3046\u3068\u8003\u3048\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/63246\" data-type=\"post\" data-id=\"63246\">\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98: \u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306e\u305f\u3081\u306b\u682a\u4fa1\u3092\u72a0\u7272\u306b\u3057\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u3060\u304c\u826f\u304f\u3082\u60aa\u304f\u3082\u95a2\u7a0e\u306f\u64a4\u5ec3\u3055\u308c\u3001\u3057\u304b\u3082\u6700\u8fd1\u767a\u8868\u3055\u308c\u305f\u4e88\u7b97\u6848\u3067\u306f\u3001\u653f\u5e9c\u306e\u652f\u51fa\u306f\u3042\u308b\u7a0b\u5ea6\u524a\u6e1b\u3055\u308c\u3066\u306f\u3044\u308b\u304c\u3001\u8ca1\u653f\u8d64\u5b57\u306e\u89e3\u6c7a\u306b\u306f\u7a0b\u9060\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64503\" data-type=\"post\" data-id=\"64503\">\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u4e88\u7b97\u6848\u767a\u8868\u3001\u8ca1\u653f\u8d64\u5b57\u3092\u89e3\u6c7a\u3067\u304d\u306a\u3051\u308c\u3070\u7c73\u56fd\u50b5\u66b4\u843d\u3001\u91d1\u5229\u4e0a\u6607\u304b\u3089\u682a\u4fa1\u4e0b\u843d\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3053\u306b\u66f4\u306b\u95a2\u7a0e\u307e\u3067\u64a4\u56de\u3055\u308c\u3066\u3057\u307e\u3048\u3070\u3001\u8ca1\u653f\u8d64\u5b57\u306e\u554f\u984c\u306f\u307b\u307c\u653e\u7f6e\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308b\u3002\u7c73\u56fd\u50b5\u306f\u5927\u91cf\u306b\u767a\u884c\u3055\u308c\u3001\u50b5\u5238\u5e02\u5834\u306b\u6d41\u308c\u8fbc\u307f\u3001\u7c73\u56fd\u50b5\u306e\u4fa1\u683c\u3092\u4e0b\u843d\u3055\u305b\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p><strong>\u682a\u9ad8\u306e\u88cf\u3067\u9032\u3080\u91d1\u5229\u4e0a\u6607<\/strong><\/p>\n\n\n\n<p>\u3053\u3046\u3057\u305f\u72b6\u6cc1\u306b\u50b5\u5238\u5e02\u5834\u306f\u78ba\u56fa\u305f\u308b\u53cd\u5fdc\u3092\u898b\u305b\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\/2025\/05\/2024-5-13-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"543\" height=\"500\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2024-5-13-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-65076\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2024-5-13-us-10-year-treasury-bond-yield-chart.png 543w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2024-5-13-us-10-year-treasury-bond-yield-chart-300x276.png 300w\" sizes=\"auto, (max-width: 543px) 100vw, 543px\" \/><\/a><\/figure>\n\n\n\n<p>\u9577\u671f\u91d1\u5229\u306f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306b\u95a2\u7a0e\u5ef6\u671f\u3092\u5f37\u8981\u3057\u305f4\u6708\u306e\u91d1\u5229\u6025\u9a30\u306e\u6c34\u6e96\u306b\u8fd1\u3065\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u95a2\u7a0e\u3092\u5ef6\u671f\u3059\u308b\u524d\u3082\u91d1\u5229\u4e0a\u6607\u3001\u5ef6\u671f\u3057\u305f\u5f8c\u3082\u91d1\u5229\u4e0a\u6607\u306a\u306e\u3060\u304b\u3089\u3001\u7c73\u56fd\u50b5\u306e\u91d1\u5229\u4e0a\u6607\uff08\u4fa1\u683c\u4e0b\u843d\uff09\u30c8\u30ec\u30f3\u30c9\u306f\u6839\u5f37\u3044\u3068\u8a00\u308f\u3056\u308b\u3092\u5f97\u306a\u3044\u3002\u50b5\u5238\u6295\u8cc7\u5bb6\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3001\u6700\u7d42\u7684\u306b\u306f\u4e2d\u592e\u9280\u884c\u304c\u56fd\u50b5\u8cfc\u5165\u3067\u91d1\u5229\u3092\u6291\u3048\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3068\u4e88\u60f3\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\/64894\" data-type=\"post\" data-id=\"64894\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u7c73\u56fd\u50b5\u66b4\u843d\u3067\u30a2\u30e1\u30ea\u30ab\u3082\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u5c0e\u5165\u306e\u53ef\u80fd\u6027<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u91d1\u5229\u304c\u4e0a\u304c\u308c\u3070\u3001\u682a\u4fa1\u306b\u3068\u3063\u3066\u306f\u5f53\u7136\u30de\u30a4\u30ca\u30b9\u3068\u306a\u308b\u3002<\/p>\n\n\n\n<p><strong>\u682a\u5f0f\u5e02\u5834\u306e\u63a8\u79fb\u4e88\u60f3<\/strong><\/p>\n\n\n\n<p>\u6295\u8cc7\u5bb6\u306f\u3053\u306e\u72b6\u6cc1\u3092\u3069\u3046\u8003\u3048\u308b\u3079\u304d\u304b\u3002\u5c11\u306a\u304f\u3068\u3082\u3001\u682a\u9ad8\u30fb\u91d1\u5229\u4e0a\u6607\u306e\u7d44\u307f\u5408\u308f\u305b\u3092\u3053\u306e\u307e\u307e\u7d9a\u3051\u308b\u3053\u3068\u306f\u51fa\u6765\u306a\u3044\u3002\u305d\u308c\u306f\u524d\u56de\u306e\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u3067\u306f\u5b9f\u73fe\u3067\u304d\u305f\u304c\u3001\u4eca\u56de\u306e\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u3067\u306f\u5b9f\u73fe\u3067\u304d\u306a\u3044\u3002\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308c\u3070\u7c73\u56fd\u50b5\u306e\u5229\u6255\u3044\u306e\u554f\u984c\u304c\u66f4\u306b\u60aa\u5316\u3059\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u307e\u307e\u682a\u4fa1\u304c\u4e0a\u304c\u308a\u7d9a\u3051\u308b\u3068\u601d\u3063\u3066\u3044\u308b\u4eba\u306f\u3001\u5c11\u306a\u304f\u3068\u3082\u305d\u306e\u6642\u306b\u91d1\u5229\u304c\u3069\u3046\u306a\u308b\u306e\u304b\u8aac\u660e\u3059\u308b\u7fa9\u52d9\u304c\u3042\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u6295\u8cc7\u5bb6\u306f\u91d1\u5229\u3068\u682a\u4fa1\u3092\u4e26\u3079\u3066\u898b\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3002\u682a\u4fa1\u304c\u4f55\u51e6\u307e\u3067\u4e0a\u304c\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u304b\u306f\u3001\u91d1\u5229\u304c\u4f55\u51e6\u307e\u3067\u4e0a\u304c\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u304b\u306b\u304b\u304b\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u73fe\u5728\u306e\u8ca1\u653f\u8d64\u5b57\u3068\u7c73\u56fd\u50b5\u5229\u6255\u3044\u306e\u898f\u6a21\u3092\u8003\u3048\u308b\u3068\u30014%\u53f0\u5f8c\u534a\u306f\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\uff08\u7279\u306b\u30d9\u30c3\u30bb\u30f3\u30c8\u8ca1\u52d9\u9577\u5b98\uff09\u304c\u91d1\u5229\u9ad8\u3092\u6c17\u306b\u3057\u59cb\u3081\u308b\u6c34\u6e96\u3060\u3068\u7b46\u8005\u306f\u8003\u3048\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>4%\u53f0\u5f8c\u534a\u306f\u5371\u967a\u6c34\u6e96\u3067\u3042\u308a\u30015%\u4ee5\u4e0a\u306f\u30a2\u30a6\u30c8\u3067\u3042\u308b\u3002\u682a\u4fa1\u3092\u6c17\u306b\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u306f\u3001\u9577\u671f\u91d1\u5229\u3092\u898b\u306a\u304c\u3089\u682a\u4fa1\u306e\u4e0a\u304c\u308a\u904e\u304e\u306e\u5ea6\u5408\u3044\u3092\u8003\u3048\u308b\u3079\u304d\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3082\u3046\u4e00\u5ea6S&amp;P 500\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u6319\u3052\u3066\u304a\u304f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-13-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"543\" height=\"500\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-13-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-65062\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-13-s-and-p-500-chart.png 543w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-13-s-and-p-500-chart-300x276.png 300w\" sizes=\"auto, (max-width: 543px) 100vw, 543px\" \/><\/a><\/figure>\n\n\n\n<p>\u4ee5\u4e0b\u306f\u9577\u671f\u91d1\u5229\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2024-5-13-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"543\" height=\"500\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2024-5-13-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-65076\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2024-5-13-us-10-year-treasury-bond-yield-chart.png 543w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2024-5-13-us-10-year-treasury-bond-yield-chart-300x276.png 300w\" sizes=\"auto, (max-width: 543px) 100vw, 543px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u5c11\u306a\u304f\u3068\u3082\u8a00\u3048\u308b\u3053\u3068\u304c\u3042\u308b\u3002\u307b\u3068\u3093\u3069\u306e\u66b4\u843d\u306b\u306f\u3001\u66b4\u843d\u524d\u306e\u30ea\u30d0\u30a6\u30f3\u30c9\u304c\u3042\u308b\u3002\u9003\u3052\u9045\u308c\u305f\u4eba\u306b\u3082\u9003\u3052\u308b\u7336\u4e88\u3092\u4e0e\u3048\u3066\u304f\u308c\u308b\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>2000\u5e74\u306e\u30c9\u30c3\u30c8\u30b3\u30e0\u30d0\u30d6\u30eb\u3067\u306f\u3001\u682a\u4fa1\u306f\u534a\u5e74\u4ee5\u4e0a\u304b\u3051\u3066\u307e\u305f\u9802\u4e0a\u307e\u3067\u4e0a\u304c\u308a\u3001\u305d\u3053\u304b\u3089\u518d\u3073\u66b4\u843d\u3057\u3066\u3044\u3063\u305f\u306e\u3067\u3042\u308b\u3002\u30b9\u30bf\u30f3\u30ec\u30fc\u30fb\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u6fc0\u52d5\u306e\u30c8\u30ec\u30fc\u30c9\u3092\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u8a9e\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\/26183\" data-type=\"post\" data-id=\"26183\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u30c9\u30c3\u30c8\u30b3\u30e0\u30d0\u30d6\u30eb\u5d29\u58ca\u3067\u5927\u640d\u3057\u3066\u30af\u30a9\u30f3\u30bf\u30e0\u30fb\u30d5\u30a1\u30f3\u30c9\u3092\u8f9e\u3081\u308b\u7fbd\u76ee\u306b\u306a\u3063\u305f\u6642\u306e\u3053\u3068\u3092\u8a9e\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u4eca\u306e\u72b6\u6cc1\u306f\u3053\u3046\u3060\u3002\u682a\u5f0f\u5e02\u5834\u306f\u5f37\u6c17\u6d3e\u306b\u306f\u62bc\u3057\u76ee\u8cb7\u3044\u306e\u6a5f\u4f1a\u3092\u3001\u5f31\u6c17\u6d3e\u306b\u306f\u3082\u3046\u4e00\u5ea6\u9003\u3052\u308b\u6a5f\u4f1a\u3092\u4e0e\u3048\u3066\u304f\u308c\u305f\u3002\u3053\u306e\u76f8\u5834\u306f\u4eca\u306e\u3068\u3053\u308d\u3001\u4e00\u8cab\u6027\u3092\u3082\u3063\u3066\u30c8\u30ec\u30fc\u30c9\u3059\u308b\u6295\u8cc7\u5bb6\u306f\u640d\u3092\u3059\u308b\u3053\u3068\u306e\u306a\u3044\u76f8\u5834\u306b\u306a\u3063\u3066\u3044\u308b\u3002\u632f\u308a\u843d\u3068\u3055\u308c\u305f\u4eba\u306f\u3001\u30c8\u30ec\u30fc\u30c9\u306e\u5fc3\u7406\u9762\u3092\u898b\u76f4\u3059\u3079\u304d\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u7b46\u8005\u306e\u65b9\u91dd\u306f\u53bb\u5e74\u304b\u3089\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u3002\u6c17\u306b\u5165\u3063\u3066\u3044\u308b\u500b\u5225\u682a\u306f\u3001\u5b89\u3051\u308c\u3070\u8cb7\u3044\u5897\u3059\u3002\u7c73\u56fd\u682a\u5168\u4f53\u306f\u6975\u3081\u3066\u5272\u9ad8\u3060\u3068\u601d\u3063\u3066\u3044\u308b\u306e\u3067\u3001\u500b\u5225\u682a\u306e\u8cb7\u3044\u306fS&amp;P 500\u306e\u7a7a\u58f2\u308a\u3067\u30d8\u30c3\u30b8\u3057\u3001\u9ad8\u3051\u308c\u3070\u9ad8\u3044\u307b\u3069\u30d8\u30c3\u30b8\u306e\u7a7a\u58f2\u308a\u3092\u5897\u3084\u3059\u3002<\/p>\n\n\n\n<p>AI\u9298\u67c4\u306eLumentum\u306f\u3001\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306762\u30c9\u30eb\u306e\u6642\u306b\u5b89\u3044\u3068\u66f8\u3044\u3066\u304a\u3044\u305f\u304c\u3001\u4eca\u308471\u30c9\u30eb\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/64627\" data-type=\"post\" data-id=\"64627\">\u30b8\u30e0\u30fb\u30ed\u30b8\u30e3\u30fc\u30ba\u6c0f: \u7c73\u56fd\u682a\u306e\u7a7a\u58f2\u308a\u3092\u8003\u3048\u308b\u3079\u304d<\/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\/2025\/05\/2025-5-13-lumentum-nasdaq-lite-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"543\" height=\"500\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-13-lumentum-nasdaq-lite-chart.png\" alt=\"\" class=\"wp-image-65155\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-13-lumentum-nasdaq-lite-chart.png 543w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2025\/05\/2025-5-13-lumentum-nasdaq-lite-chart-300x276.png 300w\" sizes=\"auto, (max-width: 543px) 100vw, 543px\" \/><\/a><\/figure>\n\n\n\n<p>\u7c73\u56fd\u682a\u5168\u4f53\u304c\u9577\u671f\u91d1\u5229\u3067\u6e2c\u3063\u305f\u6c34\u6e96\u3067\u898b\u3066\u3053\u308c\u304b\u3089\u5371\u967a\u6c34\u57df\u306b\u5165\u3063\u3066\u3086\u304f\u306b\u3064\u308c\u3066\u3001\u7b46\u8005\u306fLumentum\u306e\u8ffd\u52a0\u8cfc\u5165\u5206\u3092\u5f90\u3005\u306b\u5229\u76ca\u78ba\u5b9a\uff08\u5143\u3005\u306e\u4fdd\u6709\u5206\u306f\u7d99\u7d9a\uff09\u3059\u308b\u304b\u3001S&amp;P 500\u306e\u7a7a\u58f2\u308a\u3092\u5897\u3084\u3059\u3053\u3068\u306b\u3088\u3063\u3066\u7c73\u56fd\u5e02\u5834\u5168\u4f53\u306e\u30ea\u30b9\u30af\u3092\u30d8\u30c3\u30b8\u3059\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u3044\u305a\u308c\u306b\u3057\u3066\u3082\u3001\u7c73\u56fd\u682a\u306e\u9577\u671f\u7684\u306a\u52d5\u5411\u306f\u3001\u77ed\u671f\u7684\u306a\u52d5\u5411\u3088\u308a\u3082\u3088\u307b\u3069\u4e88\u60f3\u3057\u3084\u3059\u3044\u3002\u682a\u4fa1\u306e\u6c34\u6e96\u306b\u3082\u3088\u308b\u304c\u3001\u7b46\u8005\u306f\u500b\u5225\u682a\u306e\u8cb7\u3044\u3068S&amp;P 500\u306e\u7a7a\u58f2\u308a\u306b\u3088\u3063\u3066\u3001\u57fa\u672c\u7684\u306b\u306f\u53bb\u5e74\u304b\u3089\u7c73\u56fd\u682a\u3078\u306e\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u3092\u5dee\u3057\u5f15\u304d\u30bc\u30ed\u306b\u3057\u305f\u307e\u307e\u3060\u304c\u3001\u4f4e\u304f\u8cb7\u3044\u9ad8\u304f\u58f2\u308b\u4e00\u8cab\u3057\u305f\u6226\u7565\u306b\u3088\u3063\u3066\u6700\u8fd1\u306e\u4e71\u9ad8\u4e0b\u3067\u306f\u3080\u3057\u308d\u5132\u304b\u3063\u3066\u3044\u308b\u3002\u4e00\u8cab\u3057\u305f\u4e0a\u3052\u306f\u306a\u3044\u3068\u5206\u304b\u3063\u3066\u3044\u308b\u72b6\u6cc1\u3067\u306f\u3001\u305d\u306e\u6226\u7565\u304c\u6709\u52b9\u306a\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\/64013\" data-type=\"post\" data-id=\"64013\">\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f: \u7c73\u56fd\u682a\u306f\u904e\u53bb\u306b2\u56de\u300125\u5e74\u9593\u682a\u4fa1\u304c\u4e0a\u304c\u3089\u306a\u304b\u3063\u305f\u4e0b\u843d\u76f8\u5834\u3092\u7d4c\u9a13\u3057\u3066\u3044\u308b (2025\/4\/24)<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/57536\" data-type=\"post\" data-id=\"57536\">\u30ed\u30fc\u30bc\u30f3\u30d0\u30fc\u30b0\u6c0f\u3001\u7c73\u56fd\u682a\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u3092\u9177\u8a55 (2024\/12\/25)<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u306e\u95a2\u7a0e\u653f\u7b56\u3092\u304d\u3063\u304b\u3051\u3068\u3059\u308b\u682a\u4fa1\u6025\u843d\u306e\u3042\u3068\u3001\u30c8\u30e9\u30f3\u30d7\u653f\u6a29\u304c\u95a2\u7a0e\u3092\u5ef6\u671f\u3057\u305f\u3053\u3068\u306b\u3088\u3063\u3066\u7c73\u56fd\u682a\u306f\u53cd\u767a\u3057\u3066\u3044\u308b\u3002\u682a\u5f0f\u5e02\u5834\u306e\u52d5\u5411\u306f\u4eca\u5f8c\u3069\u3046\u306a\u3063\u3066\u3086\u304f\u306e\u304b\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,118,111,108],"tags":[205],"class_list":["post-65052","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-us-bond-market","category-stock-markets","category-bond-markets","tag-lumentum-nasdaq-lite"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/65052","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=65052"}],"version-history":[{"count":126,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/65052\/revisions"}],"predecessor-version":[{"id":65184,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/65052\/revisions\/65184"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=65052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=65052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=65052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}