{"id":5044,"date":"2018-03-10T09:31:03","date_gmt":"2018-03-10T00:31:03","guid":{"rendered":"https:\/\/finance-gfp.com\/?p=5044"},"modified":"2025-04-04T06:39:45","modified_gmt":"2025-04-03T21:39:45","slug":"%e3%82%ab%e3%83%90%e3%83%bc%e3%83%89%e3%83%9c%e3%83%b3%e3%83%89%e3%81%ae%e4%bb%95%e7%b5%84%e3%81%bf%e3%82%92%e7%99%ba%e8%a1%8c%e4%ba%8b%e4%be%8b%e3%82%92%e4%bd%bf%e3%81%a3%e3%81%a6%e5%88%86%e3%81%8b","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=5044","title":{"rendered":"\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u4ed5\u7d44\u307f\u3092\u767a\u884c\u4e8b\u4f8b\u3092\u4f7f\u3063\u3066\u5206\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac"},"content":{"rendered":"<p><span class=\"ymarker-s\">\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306b\u3064\u3044\u3066\u3001\u767a\u884c\u4e8b\u4f8b\u3084\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u7528\u3044\u3066\u5206\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u4e3b\u306b\u91d1\u878d\u6a5f\u95a2\u304c\u767a\u884c\u3057\u307e\u3059\u304c\u3001\u91d1\u878d\u6a5f\u95a2\u304c\u4fdd\u6709\u3059\u308b\u30ed\u30fc\u30f3\u50b5\u6a29\u3092\u62c5\u4fdd\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3067\u3001\u9ad8\u3044\u683c\u4ed8\u3051\u3092\u53d6\u5f97\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u767a\u884c\u984d\u3092\u4e0a\u56de\u308b\u62c5\u4fdd\u30ed\u30fc\u30f3\u30d7\u30fc\u30eb\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\uff08\u8d85\u904e\u62c5\u4fdd\uff09\u304c\u4e00\u822c\u7684\u3067\u3001\u591a\u304f\u306e\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u683c\u4ed8\u306fAAA\u3084AA\u683c\u3067\u3059\u3002<\/p>\n<p><span class=\"rmarker-s\">\u305d\u306e\u70ba\u3001\u4e00\u822c\u7684\u306a\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u6e96\u30bd\u30d6\u30ea\u30f3\u50b5\u306e\u3088\u3046\u306a\u6271\u3044\u3068\u306a\u3063\u3066\u3044\u307e\u3059<\/span>\u3002<\/p>\n<p><span class=\"rmarker-s\">\u4e00\u65b9\u3001\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u5e02\u5834\u3067\u4e16\u754c\u6700\u5927\u7d1a\u306e\u300e\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u300f\u306f\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u4e16\u754c\u3067\u306f\u3084\u3084\u7279\u6b8a\u306a\u50b5\u5238\u3067\u3001\u300c\u671f\u9650\u524d\u511f\u9084\u30ea\u30b9\u30af\u300d\u3068\u300c\u30cd\u30ac\u30c6\u30a3\u30d6\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\uff08\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3068\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u9577\u671f\u5316\uff09\u300d\u306e\u898b\u8fd4\u308a\u3068\u3057\u3066\u76f8\u5bfe\u7684\u306b\u9ad8\u3044\u5229\u56de\u308a\u3092\u5b9f\u73fe\u3057\u3066\u3044\u307e\u3059<\/span>\u3002<\/p>\n<p><span class=\"ymarker-s\">\u4e0b\u8a18\u3067\u306f\u300e\u4e00\u822c\u7684\u306a\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u300f\u3068\u300e\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u300f\u306b\u5206\u3051\u3066\u305d\u308c\u305e\u308c\u306e\u7279\u5fb4\u3092\u7d39\u4ecb\u3057\u3066\u3044\u307e\u3059<\/span>\u3002<\/p>\n<p>\u8a73\u7d30\u306f\u4e0b\u8a18\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n<!-- WP QUADS v. 3.0.2  Shortcode Ad -->\n<div class=\"quads-location quads-ad\" id=\"quads-ad\" style=\"float:none;margin:0px 0 0px 0;text-align:center;\">\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- \u30d5\u30a1\u30a4\u30ca\u30f3\u30b7\u30e3\u30eb\u30b9\u30bf\u30fc\uff08\u8a18\u4e8b\u4e0a\u30ec\u30b9\u30dd\u30f3\u30b7\u30d6\uff09 -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-5603670596158988\"\r\n     data-ad-slot=\"4486034607\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n\n<h2>\u4e00\u822c\u7684\u306a\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306b\u3064\u3044\u3066\u306e\u89e3\u8aac<\/h2>\n<h3>\u4e00\u822c\u7684\u306a\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\uff08Covered Bond\uff09\u306e\u4ed5\u7d44\u307f<\/h3>\n<p><span class=\"ymarker-s\">\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u4e00\u8a00\u3067\u8a00\u3046\u3068\u300c\u62c5\u4fdd\u4ed8\u306e\u50b5\u5238\u300d\u3067\u3059\uff61<\/span><\/p>\n<p>\u767a\u884c\u4f53\u306f\u5927\u534a\u304c\u91d1\u878d\u6a5f\u95a2\u3067\u3001\u62c5\u4fdd\u3092\u3064\u3051\u308b\u3053\u3068\u3067\u901a\u5e38\u306e\u793e\u50b5\u3068\u3057\u3066\u767a\u884c\u3059\u308b\u3088\u308a\u683c\u4ed8\u3051\u304c\u9ad8\u304f\u306a\u308a\u3001\u4f4e\u3044\u91d1\u5229\u3067\u8abf\u9054\u3092\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u62c5\u4fdd\u306f\u767a\u884c\u4f53\u3067\u3042\u308b\u91d1\u878d\u6a5f\u95a2\u304c\u4fdd\u6709\u3059\u308b\u30ed\u30fc\u30f3\u50b5\u6a29\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>\u591a\u304f\u306f\u4f4f\u5b85\u30ed\u30fc\u30f3\u304b\u5730\u65b9\u516c\u5171\u56e3\u4f53\u5411\u3051\u30ed\u30fc\u30f3\u304c\u5bfe\u8c61\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e07\u304c\u4e00\u306e\u5834\u5408\u3001\u91d1\u878d\u6a5f\u95a2\u306e\u4e00\u822c\u50b5\u6a29\u8005\u3088\u308a\u3082\u512a\u5148\u3057\u3066\u8acb\u6c42\u3059\u308b\u6a29\u5229\u3092\u4fdd\u6709\u3057\u307e\u3059\u3002<\/p>\n<p>\u683c\u4ed8\u3051\u306f\u5927\u534a\u304cAAA\u304bAA\u683c\u3068\u306a\u308a\u307e\u3059\uff61<\/p>\n<p>\u3088\u3063\u3066\u3001\u6295\u8cc7\u5bb6\u304b\u3089\u898b\u305f\u5834\u5408\u3001<span class=\"ymarker-s\">\u56fd\u50b5\u3068\u307b\u307c\u540c\u7b49\u306e\u4fe1\u7528\u529b\u3067\u3001\u5c11\u3057\u3060\u3051\u5229\u56de\u308a\u304c\u9ad8\u3044\u50b5\u5238<\/span>\u3068\u3044\u3063\u305f\u4f4d\u7f6e\u3065\u3051\u3067\u3059\uff61<\/p>\n<p><span class=\"ymarker-s\">\u767a\u884c\u984d\u3082\u5927\u304d\u304f\u6d41\u52d5\u6027\u3082\u9ad8\u3044\u50b5\u5238<\/span>\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30e1\u30fc\u30b8\u7684\u306b\u306f\u7c73\u56fd\u306e\u30b8\u30cb\u30fc\u30e1\u30a4\u30fb\u30d5\u30a1\u30cb\u30fc\u30e1\u30a4\u30fb\u30d5\u30ec\u30c7\u30a4\u30de\u30c3\u30af\u3084\u3001\u9ad8\u683c\u4ed8\u3051\u306e\u8cc7\u7523\u62c5\u4fdd\u8a3c\u5238\uff08ABS\uff09\u3068\u540c\u3058\u3088\u3046\u306a\u611f\u899a\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u30b8\u30cb\u30fc\u30e1\u30a4\uff64\u30d5\u30a1\u30cb\u30fc\u30e1\u30a4\uff64\u30d5\u30ec\u30c7\u30a4\u30de\u30c3\u30af\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u3054\u89a7\u4e0b\u3055\u3044\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=3699\" target=\"_blank\" rel=\"noopener noreferrer\">\u30b8\u30cb\u30fc\u30e1\u30a4\uff64\u30d5\u30a1\u30cb\u30fc\u30e1\u30a4\uff64\u30d5\u30ec\u30c7\u30a3\u30de\u30c3\u30af\u306b\u3064\u3044\u3066\u306e\u5206\u304b\u308a\u3084\u3059\u3044\u8aac\u660e<\/a><\/li>\n<li>\u8cc7\u7523\u62c5\u4fdd\u8a3c\u5238(ABS)\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u3054\u89a7\u4e0b\u3055\u3044\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=2448\" target=\"_blank\" rel=\"noopener noreferrer\">CLO(\u30ed\u30fc\u30f3\u62c5\u4fdd\u8a3c\u5238)\u306e\u4ed5\u7d44\u307f\u3068\u30dd\u30a4\u30f3\u30c8\u3092\u5206\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac<\/a><\/li>\n<\/ul>\n<p>\u5404\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u5b89\u5168\u6027\u3092\u898b\u308b\u4e0a\u3067\u3001\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u767a\u884c\u984d\u306b\u5bfe\u3057\u3066\u62c5\u4fdd\u3068\u306a\u308b\u30ab\u30d0\u30fc\u30d7\u30fc\u30eb\uff08\u62c5\u4fdd\u50b5\u5238\u30d7\u30fc\u30eb\uff09\u306e\u91d1\u984d\u304c\u3069\u308c\u304f\u3089\u3044\u3042\u308b\u306e\u304b\u3082\u91cd\u8981\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u683c\u4ed8\u3051\u3092\u8a55\u4fa1\u3059\u308b\u969b\u306b\u306f\u3082\u3061\u308d\u3093\u305d\u306e\u90e8\u5206\u3082\u8003\u616e\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-5045\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/03\/coveredbond_image.png\" alt=\"\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u30a4\u30e1\u30fc\u30b8\u56f3\" width=\"759\" height=\"450\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/03\/coveredbond_image.png 759w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/03\/coveredbond_image-300x178.png 300w\" sizes=\"auto, (max-width: 759px) 100vw, 759px\" \/><\/p>\n<p>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u4ed5\u7d44\u307f\u3092\u3088\u308a\u5206\u304b\u308a\u3084\u3059\u304f\u7406\u89e3\u3059\u308b\u70ba\uff64\u4e0b\u8a18\u3067\u306f\u500b\u5225\u9298\u67c4\u306e\u4f8b\u3092\u7d39\u4ecb\u3057\u307e\u3059\u3002<\/p>\n<h3>\u4e00\u822c\u7684\u306a\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u9298\u67c4\u4f8b<\/h3>\n<p><strong>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u6761\u4ef6<\/strong><\/p>\n<ul>\n<li>\u767a\u884c\u4f53\uff1a\u30d9\u30eb\u30d5\u30a3\u30a6\u30b9\u9280\u884c\uff08\u30d9\u30eb\u30ae\u30fc\uff09<\/li>\n<li>\u901a\u8ca8\uff1a\u30e6\u30fc\u30ed\u5efa\u3066<\/li>\n<li>\u767a\u884c\u984d\uff1a12.5\u5104\u30e6\u30fc\u30ed<\/li>\n<li>\u683c\u4ed8\u3051\uff1aAaa\uff08\u30e0\u30fc\u30c7\u30a3\u30fc\u30ba\uff09\u3001AAA\uff08S&amp;P\uff09<\/li>\n<li>\u767a\u884c\u65e5\uff1a2014\/10\/14<\/li>\n<li>\u511f\u9084\u65e5\uff1a2021\/10\/14\uff087\u5e74\u50b5\uff09<\/li>\n<li>\u30af\u30fc\u30dd\u30f3\uff1a0.625%<\/li>\n<\/ul>\n<p><strong>\u30ab\u30d0\u30fc\u30d7\u30fc\u30eb\uff08\u62c5\u4fdd\u30ed\u30fc\u30f3\u30d7\u30fc\u30eb\uff09\u306e\u5185\u5bb9<\/strong><\/p>\n<ul>\n<li>\u30ed\u30fc\u30f3\u7a2e\u985e\uff1a\u5730\u65b9\u653f\u5e9c\u30fb\u5730\u65b9\u516c\u5171\u56e3\u4f53\u5411\u3051\u8cb8\u4ed8\u50b5\u6a29<\/li>\n<li>\u62c5\u4fdd\u6b8b\u9ad8\uff1a<span class=\"rmarker-s\">32.7\u5104\u30e6\u30fc\u30ed<\/span><\/li>\n<li>\u30ab\u30d0\u30fc\u7bc4\u56f2\uff1a\u4e0a\u8a18\u3092\u542b\u3081\u30664\u672c\u3067<span class=\"rmarker-s\">22.65\u5104\u30e6\u30fc\u30ed\u306e\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u62c5\u4fdd<\/span>\u3068\u306a\u3063\u3066\u3044\u308b<\/li>\n<li>\u8d85\u904e\u62c5\u4fdd\u6bd4\u7387\uff1a<span class=\"rmarker-s\">44.3%<\/span>\uff0832.7\u5104\u30e6\u30fc\u30ed\/22.65\u61b6\u30e6\u30fc\u30ed\uff1d144.3\uff05\uff09<\/li>\n<\/ul>\n<p>\u30d9\u30eb\u30d5\u30a3\u30a6\u30b9\u9280\u884c\u306e\u767a\u884c\u4f53\u683c\u4ed8\u3051\u306f\u7121\u62c5\u4fdd\u512a\u5148\u50b5\u52d9\u3067A2\uff08\u30e0\u30fc\u30c7\u30a3\u30fc\u30ba\uff09\u3067\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u30d9\u30eb\u30d5\u30a3\u30a6\u30b9\u9280\u884c\u304c\u666e\u901a\u793e\u50b5\u3068\u3057\u3066\u767a\u884c\u3059\u308b\u3068\u683c\u4ed8\u3051\u304cA2\uff08\u30e0\u30fc\u30c7\u30a3\u30fc\u30ba\uff09\u3068\u306a\u308a\u307e\u3059\u304c\u3001\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u3067\u767a\u884c\u3059\u308b\u3053\u3068\u3067Aaa\uff08\u30e0\u30fc\u30c7\u30a3\u30fc\u30ba\uff09\u3001AAA\uff08S&amp;P\uff09\u306e\u683c\u4ed8\u3051\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>\u30ab\u30d0\u30fc\u30d7\u30fc\u30eb\uff08\u62c5\u4fdd\u30ed\u30fc\u30f3\u30d7\u30fc\u30eb\uff0932.7\u5104\u30e6\u30fc\u30ed\u306f\u4e0a\u8a18\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u3092\u542b\u30804\u672c22.65\u5104\u30e6\u30fc\u30ed\u306e\u62c5\u4fdd\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c922.65\u5104\u30e6\u30fc\u30ed\u306b\u5bfe\u3057\u3066\u30ab\u30d0\u30fc\u30d7\u30fc\u30eb\uff08\u62c5\u4fdd\u30ed\u30fc\u30f3\u30d7\u30fc\u30eb\uff0932.7\u5104\u30e6\u30fc\u30ed\u3067\u3059\u306e\u3067\u3001\u62c5\u4fdd\u304c44.3%\u8d85\u904e\u3057\u3066\u3044\u308b\u5f62\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u8d85\u904e\u62c5\u4fdd\u6bd4\u738744.3%\u306f\u304b\u306a\u308a\u62c5\u4fdd\u4f59\u529b\u306b\u4f59\u88d5\u304c\u3042\u308b\u72b6\u614b\u3067AAA\u306b\u306a\u308b\u306e\u306f\u5f53\u305f\u308a\u524d\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u7d30\u304b\u3044\u8a71\u306b\u306a\u308a\u307e\u3059\u304c\u8a3c\u5238\u5316\u5546\u54c1\u3068\u7570\u306a\u308a\u30ab\u30d0\u30fc\u30d7\u30fc\u30eb\uff08\u62c5\u4fdd\u30ed\u30fc\u30f3\u30d7\u30fc\u30eb\uff09\u306f\u91d1\u878d\u6a5f\u95a2\u306e\u30d0\u30e9\u30f3\u30b9\u30b7\u30fc\u30c8\u306b\u6b8b\u3063\u305f\u307e\u307e\u3068\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u3044\u3044\u52a0\u6e1b\u306a\u5be9\u67fb\u3092\u3057\u3066\u30ed\u30fc\u30f3\u3092\u8ee2\u58f2\u3059\u308b\u3068\u3044\u3063\u305f\u554f\u984c\u3082\u767a\u751f\u3057\u307e\u305b\u3093\u3002<\/p>\n<h3>\u4e00\u822c\u7684\u306a\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u4fa1\u683c\u63a8\u79fb\u3010\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306e\u9577\u671f\u30c1\u30e3\u30fc\u30c8\u3011<\/h3>\n<p>\u3053\u308c\u307e\u3067\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u4e8b\u4f8b\u306f\u767a\u751f\u3057\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n<p>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u3082\u5b89\u5b9a\u3057\u305f\u52d5\u304d\u3068\u306a\u308a\u8a55\u4fa1\u3092\u9ad8\u3081\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3057\u305f\u3002\uff08\u4e0b\u8a18\u30c1\u30e3\u30fc\u30c8\u53c2\u7167\uff09<\/p>\n<p>ECB\uff08\u6b27\u5dde\u4e2d\u592e\u9280\u884c\uff09\u306f\u904e\u53bb\u306e\u91d1\u878d\u7de9\u548c\u653f\u7b56\u306b\u304a\u3051\u308b\u8cc7\u7523\u8cfc\u5165\u30d7\u30ed\u30b0\u30e9\u30e0\u3067\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u3092\u8cb7\u53d6\u5bfe\u8c61\u3068\u3057\u3066\u304a\u308a\u3001\u3053\u3053\u3067\u3082\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u304c\u5b89\u5168\u6027\u304c\u9ad8\u3044\u50b5\u5238\u3067\u3042\u308b\u3053\u3068\u304c\u8a8d\u3081\u3089\u308c\u3066\u3044\u307e\u3059\u3002\uff082009\u5e74\u30fb2011\u5e74\u30fb2014\u5e74\u306e\u8cc7\u7523\u8cfc\u5165\u30d7\u30e9\u30b0\u30e9\u30e0\u3067\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u3092\u8cfc\u5165\uff09<\/p>\n<p>\u4e0b\u8a18\u306f\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23909\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/03\/coveredbond_chart_202503.png\" alt=\"\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u9577\u671f\u30c1\u30e3\u30fc\u30c8\" width=\"675\" height=\"415\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/03\/coveredbond_chart_202503.png 675w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/03\/coveredbond_chart_202503-300x184.png 300w\" sizes=\"auto, (max-width: 675px) 100vw, 675px\" \/><\/p>\n<p>\u4e0a\u8a18\u30c1\u30e3\u30fc\u30c8\u306e\u901a\u308a\u30012008\u5e74\u306e\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u30842010\u5e74\uff5e2011\u5e74\u306e\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\uff08\u30ae\u30ea\u30b7\u30e3\u30b7\u30e7\u30c3\u30af\uff09\u6642\u3082\u5b89\u5b9a\u7684\u306a\u52d5\u304d\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u305f\u3060\u3057\u3001\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u56fa\u5b9a\u91d1\u5229\u306e\u3082\u306e\u3082\u542b\u307e\u308c\u308b\u305f\u3081\u3001<strong>\u91d1\u5229\u4e0a\u6607\u30ea\u30b9\u30af<\/strong>\u306f\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>2006\u5e74\uff5e2020\u5e74\u307e\u3067\u306e\u671f\u9593\u3067\u306f\u3001\u6700\u59275\uff05\u7a0b\u5ea6\u4e0b\u843d\u3057\u3066\u3044\u308b\u5c40\u9762\uff082008\u5e74\u30fb2011\u5e74\u30fb2015\u5e74\u30fb2016\u5e74\u306a\u3069\uff09\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u3044\u305a\u308c\u3082\u91d1\u5229\u4e0a\u6607\u306b\u3088\u308b\u50b5\u5238\u4fa1\u683c\u306e\u4e0b\u843d\u304c\u8981\u56e0\u3067\u3059\uff61<\/p>\n<p>\u305d\u3057\u3066\u30012022\u5e74\u306b\u5165\u308a\u5927\u304d\u304f\u4e0b\u843d\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u308c\u3082\u91d1\u5229\u4e0a\u6607\u306e\u5f71\u97ff\u3067\u3059\u3002<\/p>\n<p>\u305d\u306e\u70ba\u3001\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u30e6\u30fc\u30ed\u306e\u9577\u671f\u91d1\u5229\u304c\u5927\u304d\u304f\u4e0a\u6607\u3059\u308b\u5c40\u9762\u3067\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u683c\u4ed8\u3051\u304b\u3089\u3082\u5206\u304b\u308a\u307e\u3059\u304c\u3001\u4e00\u822c\u7684\u306a\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u30af\u30ec\u30b8\u30c3\u30c8\u30ea\u30b9\u30af\u306f\u307b\u3068\u3093\u3069\u306a\u304f\u6e96\u30bd\u30d6\u30ea\u30f3\u50b5\u5238\u306e\u3088\u3046\u306a\u52d5\u304d\u3068\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>\u305d\u3057\u3066\u3001\u3053\u3053\u30671\u3064\u6ce8\u610f\u70b9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"rmarker-s\">\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u4e16\u754c\u3067\u6700\u5927\u7d1a\u306e\u898f\u6a21\u3092\u8a87\u308b\u30c7\u30f3\u30de\u30fc\u30af\u306e\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u3001\u4e00\u822c\u7684\u306a\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u3068\u306f\u5c11\u3057\u4ed5\u7d44\u307f\u304c\u7570\u306a\u308a\u307e\u3059\u306e\u3067\u6ce8\u610f\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/span><\/p>\n<p>\u4e0b\u8a18\u3067\u306f\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u4ed5\u7d44\u307f\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<h2>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u4e2d\u3067\u3082\u300c\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u300d\u306f\u5c11\u3057\u7279\u6b8a\u306a\u4ed5\u7d44\u307f<\/h2>\n<p>\u6b74\u53f2\u7684\u306b\u30c7\u30f3\u30de\u30fc\u30af\u306f\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u304c\u5e83\u304f\u666e\u53ca\u3057\u3066\u304a\u308a\u3001\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u767a\u884c\u6b8b\u9ad8\u306f\u4e16\u754c\u6700\u5927\u7d1a\u3067\u3001\u30c7\u30f3\u30de\u30fc\u30af\u56fd\u50b5\u3088\u308a\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u65b9\u304c\u767a\u884c\u6b8b\u9ad8\u304c\u591a\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001200\u5e74\u4ee5\u4e0a\u306e\u6b74\u53f2\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<h3>\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u9ad8\u3044\u5229\u56de\u308a\u306f\u671f\u9650\u524d\u511f\u9084\u30ea\u30b9\u30af\u3068\u30cd\u30ac\u30c6\u30a3\u30d6\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\u306e\u898b\u8fd4\u308a<\/h3>\n<p>\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u7279\u5fb4\u3068\u3057\u3066\u8907\u6570\u306e\u4f4f\u5b85\u30ed\u30fc\u30f3\u7b49\u3092\u62c5\u4fdd\u3068\u3057\u305f<span class=\"ymarker-s\">\u30d1\u30b9\u30b9\u30eb\u30fc\u8a3c\u5238\u306e\u5f62\u5f0f<\/span>\u3067\u767a\u884c\u3055\u308c\u307e\u3059\u3002<\/p>\n<p>\u4e0a\u8a18\u306e\u9298\u67c4\u4f8b\u3067\u7d39\u4ecb\u3057\u305f\u3088\u3046\u306a\u300c\u62c5\u4fdd\u4ed8\u3067\u9280\u884c\u304c\u767a\u884c\u3059\u308b\u50b5\u5238\u300d\u3068\u3044\u3046\u3088\u308a\u3082\u300c\u4f4f\u5b85\u30ed\u30fc\u30f3\u306e\u8a3c\u5238\u5316\u5546\u54c1\u300d\u3068\u3044\u3063\u305f\u30a4\u30e1\u30fc\u30b8\u3067\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u305d\u306e\u70ba\u3001\u62c5\u4fdd\u3068\u306a\u3063\u3066\u3044\u308b\u30ed\u30fc\u30f3\u304c\u7e70\u4e0a\u8fd4\u6e08\u3055\u308c\u308b\u3068\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u3082\u671f\u9650\u524d\u511f\u9084\u3055\u308c\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>\u901a\u5e38\u3001\u91d1\u5229\u304c\u4f4e\u4e0b\u3059\u308b\u3068\u501f\u308a\u63db\u3048\u9700\u8981\u304c\u9ad8\u307e\u308a\u3001\u30ed\u30fc\u30f3\u306e\u7e70\u308a\u4e0a\u3052\u8fd4\u6e08\u304c\u5897\u52a0\u3057\u307e\u3059\u3002<\/p>\n<p>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u6295\u8cc7\u5bb6\u306f\u60f3\u5b9a\u3088\u308a\u3082\u65e9\u304f\u511f\u9084\u3055\u308c\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u91d1\u5229\u304c\u4f4e\u4e0b\u3057\u3066\u3044\u308b\u305f\u3081\u3001\u3053\u308c\u307e\u3067\u3068\u540c\u3058\u5229\u56de\u308a\u3067\u518d\u6295\u8cc7\u3067\u304d\u306a\u3044\u30ea\u30b9\u30af\u304c\u767a\u751f\u3057\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u307e\u305f\u3001\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u4e00\u822c\u7684\u306b\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306f\u9577\u3081\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u30c7\u30f3\u30de\u30fc\u30af\u306e\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3068\u50b5\u5238\u4fa1\u683c\u306f\u4e0b\u843d\u3057\u307e\u3059\u3002<\/span><\/p>\n<p>\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306f\u901a\u5e38\u3001\u671f\u9650\u524d\u511f\u9084\u306e\u53ef\u80fd\u6027\u3092\u7e54\u308a\u8fbc\u3093\u3060\u300c\u671f\u9650\u524d\u511f\u9084\u8003\u616e\u5f8c\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u300d\u3092\u4f7f\u3044\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3068\u30ed\u30fc\u30f3\u306e\u501f\u308a\u63db\u3048\u304c\u60f3\u5b9a\u3088\u308a\u3082\u6e1b\u5c11\u3057\u3001\u671f\u9650\u524d\u511f\u9084\u306e\u53ef\u80fd\u6027\u304c\u4f4e\u304f\u306a\u308b\u3053\u3068\u304b\u3089\u300c\u671f\u9650\u524d\u511f\u9084\u8003\u616e\u5f8c\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u300d\u304c\u9577\u671f\u5316\u3057\u307e\u3059\u3002\uff08\u30cd\u30ac\u30c6\u30a3\u30d6\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\uff09<\/span><\/p>\n<p><span class=\"rmarker-s\">\u3088\u3063\u3066\u3001\u91d1\u5229\u4e0a\u6607\u6642\u306f\u5358\u306b\u50b5\u5238\u4fa1\u683c\u304c\u4e0b\u843d\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u300c\u671f\u9650\u524d\u511f\u9084\u8003\u616e\u5f8c\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u300d\u304c\u9577\u671f\u5316\u3059\u308b\u3053\u3068\u306b\u3088\u308a\u3001\u50b5\u5238\u4fa1\u683c\u306e\u4e0b\u843d\u7387\u306f\u4e00\u822c\u7684\u306a\u50b5\u5238\u3088\u308a\u5927\u304d\u304f\u306a\u308b\u3053\u3068\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/span><\/p>\n<p><span class=\"rmarker-s\">\u9006\u306b\u91d1\u5229\u304c\u4f4e\u4e0b\u3059\u308b\u3068\u672c\u6765\u306f\u50b5\u5238\u4fa1\u683c\u306e\u4e0a\u6607\u8981\u56e0\u3068\u306a\u308a\u307e\u3059\u304c\u3001\u30c7\u30f3\u30de\u30fc\u30af\uff65\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u5834\u5408\u306f\u671f\u9650\u524d\u511f\u9084\u304c\u9032\u3080\u3053\u3068\u304b\u3089\u3001\u300c\u671f\u9650\u524d\u511f\u9084\u8003\u616e\u5f8c\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u300d\u304c\u77ed\u671f\u5316\u3057\u3001\u50b5\u5238\u4fa1\u683c\u306e\u4e0a\u6607\u7387\u306f\u4e00\u822c\u7684\u306a\u50b5\u5238\u3088\u308a\u5c0f\u3055\u304f\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<ul>\n<li><span class=\"rmarker-s\">\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3068\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u9577\u671f\u5316\u2192\u4e00\u822c\u7684\u306a\u50b5\u5238\u3088\u308a\u50b5\u5238\u4fa1\u683c\u304c\u5927\u304d\u304f\u4e0b\u843d<\/span><\/li>\n<li><span class=\"rmarker-s\">\u91d1\u5229\u304c\u4f4e\u4e0b\u3059\u308b\u3068\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u77ed\u671f\u5316\u2192\u4e00\u822c\u7684\u306a\u50b5\u5238\u3088\u308a\u50b5\u5238\u4fa1\u683c\u306e\u4e0a\u6607\u306f\u5c0f\u3055\u3044<\/span><\/li>\n<\/ul>\n<p>\u3053\u306e\u3088\u3046\u306b\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u5909\u5316\u3059\u308b\u50b5\u5238\u3067\u3059\u3002<\/p>\n<p>\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u304c\u76f8\u5bfe\u7684\u306b\u9ad8\u5229\u56de\u308a\u3067\u3042\u308b\u7406\u7531\u306f\u3001\u3053\u306e\u30ea\u30b9\u30af\u306b\u5bfe\u3059\u308b\u30d7\u30ec\u30df\u30a2\u30e0\u3068\u8a00\u3048\u307e\u3059\u3002\uff08\u3053\u3053\u304c\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u6700\u3082\u91cd\u8981\u306a\u90e8\u5206\u3067\u3059\uff09<\/p>\n<h3>\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u53b3\u683c\u306a\u4fe1\u7528\u88dc\u5b8c<\/h3>\n<p>\u30c7\u30f3\u30de\u30fc\u30af\uff65\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u4fe1\u7528\u88dc\u5b8c\u306e\u4ed5\u7d44\u307f\u304c\u660e\u78ba\u306b\u898f\u5b9a\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u767a\u884c\u4f53\u3067\u3042\u308b\u9280\u884c\u306f8\uff05\u306e\u8d85\u904e\u62c5\u4fdd\u3092\u62e0\u51fa\u3059\u308b\u7fa9\u52d9\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306e\u88cf\u4ed8\u3051\u3068\u306a\u308b\u30ed\u30fc\u30f3\u306eLTV\uff08\u501f\u5165\u6bd4\u7387\uff09\u306f80\uff05\u4ee5\u4e0b\u306b\u3059\u308b\u3053\u3068\u304c\u7fa9\u52d9\u3065\u3051\u3089\u308c\u3066\u3044\u307e\u3059\u3002\uff08\u901a\u5e38\u306f\u5e73\u574760\uff05\u524d\u5f8c\uff09<\/p>\n<p>\u3088\u3063\u3066\u3001\u666f\u6c17\u60aa\u5316\u3084\u4e0d\u52d5\u7523\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u3066\u3082\u62c5\u4fdd\u4fa1\u5024\u304c\u6bc0\u640d\u3057\u306a\u3044\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3>\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30af\u30ed\u30fc\u30cd\uff08DKK\uff09\u306f\u30e6\u30fc\u30ed\uff08EUR\uff09\u3068\u30ea\u30f3\u30af<\/h3>\n<p>\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306f\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30af\u30ed\u30fc\u30cd\u5efa\u3066\u3067\u767a\u884c\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u3057\u3066\u3001\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30af\u30ed\u30fc\u30cd\uff08DKK\uff09\u306f\u30e6\u30fc\u30ed\uff08EUR\uff09\u306b\u30da\u30c3\u30b0\uff08\u56fa\u5b9a\u76f8\u5834\u5236\uff09\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u70ba\u3001\u70ba\u66ff\u30ec\u30fc\u30c8\u3068\u91d1\u5229\u6c34\u6e96\u306f\u307b\u307c\u540c\u3058\u52d5\u304d\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-15779\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/03\/coveredbond_eurdkk-chart.png\" alt=\"\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30af\u30ed\u30fc\u30cd\/\u30e6\u30fc\u30ed\u70ba\u66ff\u30ec\u30fc\u30c8\u306e\u30c1\u30e3\u30fc\u30c8\" width=\"615\" height=\"355\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/03\/coveredbond_eurdkk-chart.png 615w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/03\/coveredbond_eurdkk-chart-300x173.png 300w\" sizes=\"auto, (max-width: 615px) 100vw, 615px\" \/><\/p>\n<h2>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u95a2\u9023\u5546\u54c1<\/h2>\n<h3>ETF<\/h3>\n<ul>\n<li>i\u30b7\u30a7\u30a2\u30fc\u30ba\uff65\u30e6\u30fc\u30ed\u30ab\u30d0\u30fc\u30c9\u50b5UCITS ETF<\/li>\n<li>PIMCO Covered Bond Source UCITS ETF<\/li>\n<\/ul>\n<p>\u4e0a\u8a18ETF\u306f\u56fd\u5185\u3067\u767b\u9332\u3055\u308c\u3066\u3044\u307e\u305b\u3093\u306e\u3067\u3001\u65e5\u672c\u306e\u8a3c\u5238\u4f1a\u793e\u3067\u8cfc\u5165\u3059\u308b\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u3002<\/p>\n<h3>\u6295\u8cc7\u4fe1\u8a17<\/h3>\n<p>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306b\u6295\u8cc7\u3092\u3059\u308b\u516c\u52df\u6295\u4fe1\u306e\u4f8b\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u30cb\u30c3\u30bb\u30a4\u30fb\u30c7\u30f3\u30de\u30fc\u30af\u30fb\u30ab\u30d0\u30fc\u30c9\u50b5\u5238\u30d5\u30a1\u30f3\u30c9\uff08\u70ba\u66ff\u30d8\u30c3\u30b8\u3042\u308a\u30fb\u8cc7\u7523\u6210\u9577\u578b\uff09\u3010\u611b\u79f0\uff1a\u30c7\u30cb\u30c3\u30b7\u30e5\u30fb\u30a4\u30f3\u30ab\u30e0\u3011<\/li>\n<\/ul>\n<p>\u307e\u305f\u3001\u5927\u53e3\u306e\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306f\u9069\u683c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u5411\u3051\u79c1\u52df\u30d5\u30a1\u30f3\u30c9\u7d4c\u7531\u3067\u6295\u8cc7\u3057\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n<p>\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306b\u6295\u8cc7\u3092\u3059\u308b\u9069\u683c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u5411\u3051\u79c1\u52df\u30d5\u30a1\u30f3\u30c9\u306f\u3044\u304f\u3064\u304b\u5b58\u5728\u3059\u308b\u3088\u3046\u3067\u3059\u3002<\/p>\n<ul>\n<li>\u9069\u683c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=4843\" target=\"_blank\" rel=\"noopener noreferrer\">2\u3064\u306e\u30d7\u30ed\u6295\u8cc7\u5bb6 \/ \u9069\u683c\u6a5f\u95a2\u6295\u8cc7\u5bb6\u3068\u7279\u5b9a\u6295\u8cc7\u5bb6<\/a>\uff09<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u30ab\u30d0\u30fc\u30c9\u30dc\u30f3\u30c9\u306b\u3064\u3044\u3066\u3001\u767a\u884c\u4e8b\u4f8b\u3084\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u7528\u3044\u3066\u5206\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059 &#8230; <\/p>\n","protected":false},"author":1,"featured_media":5045,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-5044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-15"],"_links":{"self":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts\/5044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5044"}],"version-history":[{"count":1,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts\/5044\/revisions"}],"predecessor-version":[{"id":23910,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/posts\/5044\/revisions\/23910"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=\/wp\/v2\/media\/5045"}],"wp:attachment":[{"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finance-gfp.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}