{"id":1360,"date":"2016-09-18T07:17:47","date_gmt":"2016-09-17T22:17:47","guid":{"rendered":"http:\/\/finance-gfp.com\/?p=1360"},"modified":"2025-08-14T21:49:26","modified_gmt":"2025-08-14T12:49:26","slug":"%e7%b1%b3%e3%83%89%e3%83%ab10%e5%b9%b4%e3%82%b9%e3%83%af%e3%83%83%e3%83%97%e3%83%ac%e3%83%bc%e3%83%88%e3%81%8c10%e5%b9%b4%e5%9b%bd%e5%82%b5%e5%88%a9%e5%9b%9e%e3%82%8a%e3%82%88%e3%82%8a%e4%bd%8e","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=1360","title":{"rendered":"\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u3092\u5206\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\uff08\u7c73\u30c9\u30eb10\u5e74\u30b9\u30ef\u30c3\u30d7\u304c10\u5e74\u56fd\u50b5\u3088\u308a\u4f4e\u304f\u306a\u308b\u73fe\u8c61\u304c\u767a\u751f\uff09"},"content":{"rendered":"\n<p><span 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class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"671\" height=\"406\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/09\/swap.png\" alt=\"swap\" class=\"wp-image-1361\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/09\/swap.png 671w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/09\/swap-300x182.png 300w\" sizes=\"auto, (max-width: 671px) 100vw, 671px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>\u91d1\u5229\u30b9\u30ef\u30c3\u30d7\u306e\u53d6\u5f15\u81ea\u4f53\u306fLIBOR\u3068\u540c\u3058\u3088\u3046\u306b\u9280\u884c\u9593\u306e\u53d6\u5f15\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3088\u3063\u3066\u3001<span 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style=\"text-decoration: underline;\"><strong>\u9280\u884c\u9593\u30ec\u30fc\u30c8\u306e\u4e00\u89a7<\/strong><\/span><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7fcc\u65e5\u7269LOBOR<\/li>\n\n\n\n<li>1\u9031\u9593LIBOR<\/li>\n\n\n\n<li>2\u30f6\u6708\u7269LIBOR<\/li>\n\n\n\n<li>1\u30f6\u6708LIBOR<\/li>\n\n\n\n<li>3\u30f6\u6708LIBOR<\/li>\n\n\n\n<li>6\u30f6\u6708LIBOR<\/li>\n\n\n\n<li>12\u30f6\u6708LIBOR<\/li>\n\n\n\n<li>3\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8<\/li>\n\n\n\n<li>5\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8<\/li>\n\n\n\n<li>10\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8<\/li>\n\n\n\n<li>30\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8<\/li>\n<\/ul>\n\n\n\n<p>\u203bLIBOR\u306f\u7c73\u30c9\u30eb\u306e\u4e00\u90e8\u671f\u9593\u3092\u9664\u304d2021\u5e74\u672b\u4ee5\u964d\u3001\u5ec3\u6b62\u3055\u308c\u3066\u3044\u307e\u3059\uff08<a href=\"https:\/\/finance-gfp.com\/?p=3816\" target=\"_blank\" rel=\"noopener noreferrer\">LIBOR\u306e\u5ec3\u6b62\u306b\u3064\u3044\u3066\u8003\u3048\u308b \/ \u4ee3\u66ff\u6307\u6a19\u3068\u554f\u984c\u70b9<\/a>\uff09<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u306e\u7406\u8ad6\u5024\u306fAA\u683c\u306e\u50b5\u5238\u5229\u56de\u308a\u3068\u540c\u7b49\uff08\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u3068\u56fd\u50b5\u5229\u56de\u308a\u306e\u6bd4\u8f03\u30c1\u30e3\u30fc\u30c8\uff09<\/h2>\n\n\n\n<p><span class=\"ymarker-s\">\u4e0a\u8a18\u306e\u3068\u304a\u308aLIBOR\u3082\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u3082\u91d1\u878d\u6a5f\u95a2\u540c\u58eb\u306e\u53d6\u5f15\u3067\u3059\u306e\u3067\u3001\u8cc7\u91d1\u3092\u51fa\u3059\u5074\u304b\u3089\u898b\u308b\u3068\u76f8\u624b\u65b9\u306e\u91d1\u878d\u6a5f\u95a2\u306e\u4fe1\u7528\u30ea\u30b9\u30af\u304c\u767a\u751f\u3057\u307e\u3059\u3002<\/span>\uff08\u30ab\u30a6\u30f3\u30bf\u30fc\u30d1\u30fc\u30c6\u30a3\u30ea\u30b9\u30af\uff09<\/p>\n\n\n\n<p><span class=\"ymarker-s\">\u305d\u306e\u305f\u3081\u3001\u7406\u8ad6\u7684\u306b\u306f\u5927\u624b\u91d1\u878d\u6a5f\u95a2\u306e\u4fe1\u7528\u30ea\u30b9\u30af\uff08\u30b9\u30d7\u30ec\u30c3\u30c9\uff09\u304c\u4e0a\u4e57\u305b\u3055\u308c\u308b\u5206\u3001\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u306e\u5229\u56de\u308a\u306f\u56fd\u50b5\u5229\u56de\u308a\u3088\u308a\u9ad8\u304f\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n\n\n\n<p>\u305f\u3060\u3057\u3001\u91d1\u5229\u30b9\u30ef\u30c3\u30d7\u306f\u5143\u672c\u306e\u4ea4\u63db\u306f\u3042\u308a\u307e\u305b\u3093\u306e\u3067\u3001\u91d1\u878d\u6a5f\u95a2\u304c\u767a\u884c\u3059\u308b\u793e\u50b5\u307b\u3069\u306e\u4fe1\u7528\u30ea\u30b9\u30af\u306f\u306a\u304f\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u3082\u3054\u304f\u308f\u305a\u304b\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u30a4\u30e1\u30fc\u30b8\u3068\u3057\u3066\u306f\u7c73\u30c9\u30eb\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u306f\u3001\u7c73\u56fd\u50b5\u3088\u308a1\u30ce\u30c3\u30c1\u4e0b\u306e\u683c\u4ed8\u3051\u306e\u50b5\u5238\u3068\u8003\u3048\u308c\u3070\u3088\u308d\u3057\u3044\u304b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u73fe\u5728\u306e\u7c73\u56fd\u50b5\u306e\u683c\u4ed8\u3051\u306f\u30e0\u30fc\u30c7\u30a3\u30fc\u30ba\u304cAaa\u3001S&amp;P\u304cAA+\u3001\u30d5\u30a3\u30c3\u30c1\u304cAAA\u3067\u3059\uff61<\/p>\n\n\n\n<p>\u3088\u3063\u3066\u3001\u7c73\u30c9\u30eb\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u306e\u60f3\u5b9a\u3055\u308c\u308b\u683c\u4ed8\u3051\u306fAA\u7a0b\u5ea6\u3068\u8003\u3048\u3089\u308c\u307e\u3059\uff61<\/p>\n\n\n\n<p><span class=\"ymarker-s\">\u3064\u307e\u308a\u3001\u7c73\u30c9\u30eb\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u306e\u5229\u56de\u308a\u306e\u7406\u8ad6\u5024\u306f\u7c73\u56fd\u50b5\u5229\u56de\u308a\u306b\u307b\u3093\u306e\u50c5\u304b\u306e\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u4e0a\u4e57\u305b\u3055\u308c\u305f\u6c34\u6e96\u3068\u3044\u3046\u3053\u3068\u306a\u308a\u307e\u3059<\/span>\u3002<\/p>\n\n\n\n<p>\u4e0b\u8a18\u306b\u7c73\u30c9\u30eb\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u3068\u7c73\u56fd\u50b5\u5229\u56de\u308a\u306e\u6bd4\u8f03\u30c1\u30e3\u30fc\u30c8\u3092\u63b2\u8f09\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\"><strong>\u7c73\u30c9\u30eb10\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u306810\u5e74\u7c73\u56fd\u50b5\u5229\u56de\u308a\u306e\u9577\u671f\u6bd4\u8f03\u30c1\u30e3\u30fc\u30c8\uff081994\u5e7412\u6708\uff5e2023\u5e746\u6708\uff09<\/strong><\/span><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"695\" height=\"426\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/09\/swap_10y_usd202306.png\" alt=\"\u7c73\u30c9\u30eb10\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u306810\u5e74\u7c73\u56fd\u50b5\u5229\u56de\u308a\u6bd4\u8f03\u30c1\u30e3\u30fc\u30c8\" class=\"wp-image-21364\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/09\/swap_10y_usd202306.png 695w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/09\/swap_10y_usd202306-300x184.png 300w\" sizes=\"auto, (max-width: 695px) 100vw, 695px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p><span class=\"ymarker-s\">\u7c73\u30c9\u30eb\u306e10\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u306e\u904e\u53bb\u306e\u6c34\u6e96\u3092\u898b\u3066\u307f\u308b\u3068\u3001\u591a\u304f\u306e\u671f\u9593\u306710\u5e74\u56fd\u50b5+0.5%\u7a0b\u5ea6\u3068\u306a\u3063\u3066\u3044\u307e\u3057\u305f\uff61<\/span><\/p>\n\n\n\n<p>2000\u5e74\u4ee3\u524d\u534a\u306e\u666f\u6c17\u5f8c\u9000\u671f\u306a\u3069\u4fe1\u7528\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u3063\u3066\u3044\u305f\u3068\u304d\u306f\u30b9\u30d7\u30ec\u30c3\u30c9\uff08\u30b9\u30ef\u30c3\u30d7\u2212\u56fd\u50b5\uff09\u304c1\uff05\u3092\u8d85\u3048\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3057\u305f\u3002\uff08\u4e0a\u8a18\u30c1\u30e3\u30fc\u30c8\u3067\u306f\u5206\u304b\u308a\u307e\u305b\u3093\u304c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u5f8c\u3082\u65e5\u6b21\u30c7\u30fc\u30bf\u3067\u306f1\uff05\u3092\u8d85\u3048\u3066\u3044\u307e\u3057\u305f\uff09<\/p>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306a\u52d5\u304d\u306f\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u306e\u7406\u8ad6\u901a\u308a\u306e\u63a8\u79fb\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3057\u304b\u3057\u30012010\u5e74\u9803\u304b\u308910\u5e74\u7c73\u56fd\u50b5\u5229\u56de\u308a\u3068\u7c73\u30c9\u30eb10\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u306e\u5229\u56de\u308a\u304c\u307b\u307c\u540c\u3058\u6c34\u6e96\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u30012015\u5e74\u4ee5\u964d\u306f\u7c73\u30c9\u30eb10\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u304c10\u5e74\u7c73\u56fd\u50b5\u5229\u56de\u308a\u3092\u4e0b\u56de\u308b\u9006\u8ee2\u73fe\u8c61\u3082\u767a\u751f\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u3068\u56fd\u50b5\u91d1\u5229\u306e\u9006\u8ee2\u73fe\u8c61\u306e\u7406\u7531<\/h2>\n\n\n\n<p>2015\u5e74\u4ee5\u964d\u3001\u7c73\u30c9\u30eb10\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u304c10\u5e74\u7c73\u56fd\u50b5\u5229\u56de\u308a\u3092\u4e0b\u56de\u3063\u3066\u63a8\u79fb\u3059\u308b\u3053\u3068\u304c\u591a\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002\uff082018\u5e74\u306b\u4e00\u65e6\u3001\u9006\u8ee2\u73fe\u8c61\u306f\u89e3\u6d88\u3055\u308c\u307e\u3057\u305f\u304c\u30012019\u5e74\u306b\u5165\u308a\u518d\u5ea6\u3001\u9006\u8ee2\u3057\u3066\u3044\u307e\u3059\uff09<\/p>\n\n\n\n<p>10\u5e74\u30b9\u30ef\u30c3\u30d7\u30ec\u30fc\u30c8\u304c10\u5e74\u56fd\u50b5\u5229\u56de\u308a\u30920.1%\uff5e0.2%\u7a0b\u5ea6\u4e0b\u56de\u3063\u3066\u3044\u308b\u3060\u3051\u3067\u3059\u304c\u3001\u3053\u308c\u307e\u3067\u306a\u304b\u3063\u305f\u73fe\u8c61\u3067\u3001\u4e0a\u8a18\u306e\u7406\u8ad6\u304b\u3089\u3082\u901a\u5e38\u306f\u8d77\u3053\u308a\u3048\u306a\u3044\u73fe\u8c61\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3082\u3061\u308d\u3093\u5927\u524d\u63d0\u3068\u3057\u3066\u3001\u7c73\u56fd\u306e\u666f\u6c17\u56de\u5fa9\u306b\u3088\u308b\u7c73\u9280\u306e\u4fe1\u7528\u30ea\u30b9\u30af\u4f4e\u4e0b\u3082\u8981\u56e0\u306e1\u3064\u3067\u3059\u304c\u3001\u3053\u308c\u3067\u9006\u8ee2\u307e\u3067\u306f\u884c\u304d\u904e\u304e\u3067\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306a\u73fe\u8c61\u304c\u304a\u304d\u3066\u3044\u308b\u7406\u7531\u3068\u3057\u3066\u8003\u3048\u3089\u308c\u308b\u306e\u306f\u3053\u3061\u3089\u306e2\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<ol 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