{"id":506,"date":"2016-07-02T15:06:08","date_gmt":"2016-07-02T06:06:08","guid":{"rendered":"http:\/\/finance-gfp.com\/?page_id=506"},"modified":"2024-10-25T06:48:06","modified_gmt":"2024-10-24T21:48:06","slug":"%e3%82%a4%e3%83%bc%e3%83%ab%e3%83%89%e3%82%ab%e3%83%bc%e3%83%96%e3%81%ab%e3%81%a4%e3%81%84%e3%81%a6","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=506","title":{"rendered":"\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306b\u3064\u3044\u3066\u306e\u5206\u304b\u308a\u3084\u3059\u304f\u3066\u8a73\u3057\u3044\u8aac\u660e"},"content":{"rendered":"<p><span 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srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_junyield20170125.png 565w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_junyield20170125-300x201.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_junyield20170125-30x20.png 30w\" sizes=\"auto, (max-width: 565px) 100vw, 565px\" \/><\/p>\n<p>\u300c\u9806\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u300d\u306f\u77ed\u671f\u91d1\u5229\u3088\u308a\u9577\u671f\u91d1\u5229\u306e\u65b9\u304c\u9ad8\u3044\u72b6\u614b\u3092\u8868\u3057\u307e\u3059\uff61<\/p>\n<p><span 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loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4123 size-full\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_henka20171111.png\" alt=\"\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u30b9\u30c6\u30a3\u30fc\u30d7\u5316\u3068\u30d5\u30e9\u30c3\u30c8\u5316\" width=\"577\" height=\"451\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_henka20171111.png 577w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_henka20171111-300x234.png 300w\" sizes=\"auto, (max-width: 577px) 100vw, 577px\" 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\/><\/p>\n<p>\u300c\u30d5\u30e9\u30c3\u30c8\u30fb\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u300d\u306f\u77ed\u671f\u91d1\u5229\u304b\u3089\u9577\u671f\u91d1\u5229\u307e\u3067\u307b\u307c\u540c\u3058\u91d1\u5229\u6c34\u6e96\u3067\u4e26\u3076\u72b6\u614b\u3092\u8868\u3057\u307e\u3059\uff61<\/p>\n<p><span class=\"ymarker-s\">\u30d5\u30e9\u30c3\u30c8\u30fb\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306f\u666f\u6c17\u62e1\u5927\u671f\u304b\u3089\u666f\u6c17\u5f8c\u9000\u671f\u3078\u306e\u8ee2\u63db\u70b9\u306b\u767a\u751f\u3057\u3084\u3059\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u9806\u30a4\u30fc\u30eb\u30c9\u304b\u3089\u9006\u30a4\u30fc\u30eb\u30c9\u306b\u79fb\u884c\u3059\u308b\u969b\u306e\u4e2d\u9593\u70b9\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<h3>\u9006\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-18450\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_gyaku_new.png\" alt=\"\u9006\u30a4\u30fc\u30eb\u30c9\u30a4\u30e1\u30fc\u30b8\u56f3\" width=\"548\" height=\"363\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_gyaku_new.png 548w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_gyaku_new-300x199.png 300w\" sizes=\"auto, (max-width: 548px) 100vw, 548px\" \/><\/p>\n<p>\u300c\u9006\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u300d\u306f\u77ed\u671f\u91d1\u5229\u3088\u308a\u9577\u671f\u91d1\u5229\u306e\u65b9\u304c\u4f4e\u3044\u72b6\u614b\u3092\u8868\u3057\u307e\u3059\u3002<\/p>\n<p>\u3044\u308f\u3086\u308b\u300c\u9577\u77ed\u91d1\u5229\u306e\u9006\u8ee2\u300d\u73fe\u8c61\u3067\u3059\u3002<\/p>\n<p>\u4eca\u5f8c\u3001\u91d1\u5229\u304c\u4f4e\u4e0b\u3059\u308b\u3068\u3044\u3046\u898b\u65b9\u304c\u591a\u304f\u3001\u30de\u30fc\u30b1\u30c3\u30c8\u91d1\u5229\u3067\u3042\u308b\u9577\u671f\u91d1\u5229\u304c\u5148\u306b\u4f4e\u4e0b\u3059\u308b\u3053\u3068\u3067\u767a\u751f\u3057\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u9006\u30a4\u30fc\u30eb\u30c9\u306f\u6ec5\u591a\u306b\u767a\u751f\u3059\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u666f\u6c17\u5f8c\u9000\u5c40\u9762\u306b\u5165\u308b\u5834\u5408\u306b\u767a\u751f\u3059\u308b\u30b1\u30fc\u30b9\u304c\u591a\u304f\u306a\u308a\u307e\u3059\u3002\uff08\u7c73\u56fd\u306e2000\u5e74\u30fb2006\u5e74\u30fb2019\u5e74\u3001\u65e5\u672c\u306e1989\u5e74\u306a\u3069\uff09<\/span><\/p>\n<p><span class=\"rmarker-s\">\u305d\u306e\u305f\u3081\u3001\u666f\u6c17\u60aa\u5316\u30fb\u682a\u4fa1\u4e0b\u843d\u306e\u5148\u884c\u6307\u6570\u3068\u3057\u3066\u30de\u30fc\u30b1\u30c3\u30c8\u3067\u6ce8\u76ee\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u3061\u306a\u307f\u306b\u6b63\u5f0f\u306b\u300c\u9006\u30a4\u30fc\u30eb\u30c9\u300d\u3068\u3057\u3066\u8a8d\u3081\u3089\u308c\u308b\u306b\u306f\u30012\u5e74\u50b5\u306810\u5e74\u50b5\u306e\u5229\u56de\u308a\u304c\u9006\u8ee2\u3059\u308b\u3053\u3068\u3068\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u3001\u9006\u30a4\u30fc\u30eb\u30c9\u306f\u9577\u671f\u9593\u7d99\u7d9a\u3059\u308b\u3053\u3068\u306f\u307b\u3068\u3093\u3069\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3053\u308c\u307e\u3067\u306e\u30b1\u30fc\u30b9\u3067\u306f\u9006\u30a4\u30fc\u30eb\u30c9\u304c\u767a\u751f\u3057\u3066\u3082\u3001\u9577\u304f\u30661\u5e74\u524d\u5f8c\u3067\u89e3\u6d88\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<h2>\u9006\u30a4\u30fc\u30eb\u30c9\u306f\u666f\u6c17\u5f8c\u9000\u30fb\u682a\u4fa1\u4e0b\u843d\u306e\u5148\u884c\u6307\u6a19\u3010\u65e5\u7c73\u306e\u9006\u30a4\u30fc\u30eb\u30c9\u767a\u751f\u4e8b\u4f8b\u3092\u7d39\u4ecb\u3011<\/h2>\n<p>\u9006\u30a4\u30fc\u30eb\u30c9\u306f\u666f\u6c17\u60aa\u5316\u30fb\u682a\u4fa1\u4e0b\u843d\u306e\u5148\u884c\u6307\u6a19\u3068\u8a00\u308f\u308c\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u304c\u3001\u3053\u3061\u3089\u3067\u306f\u7c73\u56fd\u3068\u65e5\u672c\u306e\u4e8b\u4f8b\u306b\u3064\u3044\u3066\u691c\u8a3c\u3057\u307e\u3059\u3002<\/p>\n<p>\u307e\u305a\u3001\u4e0b\u8a18\u306e2000\u5e743\u6708\u30fb2006\u5e748\u6708\u30fb2019\u5e748\u6708\u306e\u7c73\u56fd\u306e\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u3092\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n<h3>\u7c73\u56fd\u306e\u9006\u30a4\u30fc\u30eb\u30c9\u4e8b\u4f8b\uff082000\u5e743\u6708\u30fb2006\u5e748\u6708\u30fb2019\u5e748\u6708\uff09<\/h3>\n<p><span class=\"ymarker-s\">2000\u5e743\u670831\u65e5\u30fb2006\u5e748\u670831\u65e5\u30fb2019\u5e748\u670814\u65e5\u306e\u7c73\u56fd\u50b5\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306f\u300c\u9006\u30a4\u30fc\u30eb\u30c9\u300d\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002\uff082\u5e74\u50b5\u306810\u5e74\u50b5\u304c\u9006\u8ee2<\/span>\uff09<\/p>\n<ul>\n<li>2000\u5e743\u670831\u65e5\uff1a<span class=\"rmarker-s\">IT\u30d0\u30d6\u30eb\u5d29\u58ca\u76f4\u524d<\/span><\/li>\n<li>2006\u5e748\u670831\u65e5\uff1a<span class=\"rmarker-s\">\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u524d<\/span><\/li>\n<li>2019\u5e748\u670814\u65e5\uff1a<span class=\"rmarker-s\">\u30b3\u30ed\u30ca\u30b7\u30e7\u30c3\u30af\u524d<\/span><\/li>\n<\/ul>\n<p>\u4e0b\u8a18\u306f\u5b9f\u969b\u306e\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u3067\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17877 size-full\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurveusinverted-yield.png\" alt=\"\u7c73\u56fd\u306e\u9006\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\uff082000\u5e74\u30fb2006\u5e74\u30fb2019\u5e74\uff09\" width=\"509\" height=\"841\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurveusinverted-yield.png 509w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurveusinverted-yield-182x300.png 182w\" sizes=\"auto, (max-width: 509px) 100vw, 509px\" \/><\/p>\n<p>\u77ed\u671f\u91d1\u5229\u306f\u4e2d\u592e\u9280\u884c\uff08FRB\uff09\u304c\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3057\u3066\u304a\u308a\u3001\u9577\u671f\u91d1\u5229\u306f\u5e02\u5834\u539f\u7406\u3067\u4e0a\u4e0b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u77ed\u671f\u91d1\u5229\u3088\u308a\u9577\u671f\u91d1\u5229\u306e\u65b9\u304c\u4f4e\u304f\u306a\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u3001\u50b5\u5238\u5e02\u5834\u3067\u306f\u5c06\u6765\u306e\u666f\u6c17\u6e1b\u901f\u3092\u4e88\u6e2c\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u5b9f\u969b\u306b\u4e0a\u8a18\u306e\u9006\u30a4\u30fc\u30eb\u30c9\u767a\u751f\u5f8c\u3001\u3044\u305a\u308c\u3082\u666f\u6c17\u5f8c\u9000\u30fb\u682a\u4fa1\u4e0b\u843d\u304c\u767a\u751f\u3057\u307e\u3057\u305f\u3002<\/p>\n<p><span class=\"ymarker-s\">2000\u5e74\u4ee5\u964d\u306e3\u3064\u306e\u5927\u304d\u306a\u30de\u30fc\u30b1\u30c3\u30c8\u306e\u4e0b\u843d\uff08IT\u30d0\u30d6\u30eb\u5d29\u58ca\u30fb\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u30fb\u30b3\u30ed\u30ca\u30b7\u30e7\u30c3\u30af\uff09\u306f\u50b5\u5238\u5e02\u5834\u306e\u898b\u901a\u3057\u304c\u6b63\u3057\u304b\u3063\u305f\u3053\u3068\u3092\u793a\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<ul>\n<li>IT\u30d0\u30d6\u30eb\u5d29\u58ca\u6642\u306e\u5404\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u6700\u5927\u4e0b\u843d\u7387\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=316\" target=\"_blank\" rel=\"noopener noreferrer\">\u5404\u8cc7\u7523\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08IT\u30d0\u30d6\u30eb\u5d29\u58ca\uff09<\/a><\/li>\n<li>\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u6642\u306e\u5404\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u6700\u5927\u4e0b\u843d\u7387\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=333\" target=\"_blank\" rel=\"noopener noreferrer\">\u5404\u8cc7\u7523\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\uff09<\/a><\/li>\n<li>\u30b3\u30ed\u30ca\u30b7\u30e7\u30c3\u30af\u6642\u306e\u5404\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u6700\u5927\u4e0b\u843d\u7387\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=15697\" target=\"_blank\" rel=\"noopener\">\u5404\u8cc7\u7523\u306e\u6700\u5927\u4e0b\u843d\u7387\uff08\u30b3\u30ed\u30ca\u30b7\u30e7\u30c3\u30af\uff09<\/a><\/li>\n<\/ul>\n<p><span class=\"rmarker-s\">\u305d\u3057\u3066\u3001\u4e0b\u8a18\u3092\u3054\u89a7\u3044\u305f\u3060\u304f\u3068\u30012000\u5e74\u4ee3\u306e3\u56de\u306e\u9006\u30a4\u30fc\u30eb\u30c9\u767a\u751f\u5f8c\u306fFRB\u304c\u5927\u5e45\u306b\u77ed\u671f\u91d1\u5229\uff08FF\u30ec\u30fc\u30c8\uff09\u3092\u4e0b\u3052\u305f\u3053\u3068\u304c\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-13022 size-full\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurveus202011henka_2.png\" alt=\"\u7c73\u56fd\u306e\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u5909\u5316\uff08\u9006\u30a4\u30fc\u30eb\u30c9\u304b\u3089\u9806\u30a4\u30fc\u30eb\u30c9\u3078\u30b7\u30d5\u30c8\uff09\" width=\"907\" height=\"544\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurveus202011henka_2.png 907w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurveus202011henka_2-300x180.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurveus202011henka_2-768x461.png 768w\" sizes=\"auto, (max-width: 907px) 100vw, 907px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17870 size-full\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/82cce704004998462feab9bc5034b154.png\" alt=\"\u7c73\u56fd\u306e\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u5909\u5316\uff08\u9006\u30a4\u30fc\u30eb\u30c9\u304b\u3089\u9806\u30a4\u30fc\u30eb\u30c9\u3078\u30b7\u30d5\u30c8\uff09\" width=\"896\" height=\"242\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/82cce704004998462feab9bc5034b154.png 896w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/82cce704004998462feab9bc5034b154-300x81.png 300w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/82cce704004998462feab9bc5034b154-768x207.png 768w\" sizes=\"auto, (max-width: 896px) 100vw, 896px\" \/><\/p>\n<p>\u300c2003\/3\/31\u300d\u300c2009\/3\/31\u300d\u300c2020\/4\/30\u300d\u306e\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u3092\u78ba\u8a8d\u3059\u308b\u3068\u3001\u77ed\u671f\u91d1\u5229\u304c\u5927\u5e45\u306b\u4f4e\u4e0b\u3057\u3001\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u304c\u9806\u30a4\u30fc\u30eb\u30c9\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u304c\u5206\u304b\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>2001\u5e741\u6708\uff5e2003\u5e746\u6708\uff1a\u653f\u7b56\u91d1\u5229\u30926.5\uff05\u21921\uff05\u306b\u5f15\u304d\u4e0b\u3052<\/li>\n<li>2007\u5e749\u6708\uff5e2008\u5e7412\u6708\uff1a\u653f\u7b56\u91d1\u5229\u30925.25\uff05\u21920.25\uff05\u306b\u5f15\u304d\u4e0b\u3052<\/li>\n<li>2019\u5e747\u6708\uff5e2020\u5e743\u6708\uff1a\u653f\u7b56\u91d1\u5229\u30922.5\uff05\u21920.25\uff05\u306b\u5f15\u304d\u4e0b\u3052<\/li>\n<\/ul>\n<p>\u3044\u305a\u308c\u306e\u30b1\u30fc\u30b9\u3082\u666f\u6c17\u5f8c\u9000\u30fb\u682a\u4fa1\u4e0b\u843d\u306b\u5bfe\u5fdc\u3059\u308b\u305f\u3081\u3001FRB\u304c\u5927\u5e45\u306a\u5229\u4e0b\u3052\u3092\u884c\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p><span class=\"bmarker-s\">\u3061\u306a\u307f\u306b2022\u5e743\u670829\u65e5\u30012022\u5e746\u670813\u65e5\u306b\u3082\u9006\u30a4\u30fc\u30eb\u30c9\u304c\u767a\u751f\u3057\u3066\u304a\u308a\u3001\u4eca\u5f8c\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u306b\u306f\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/span><\/p>\n<h3>\u65e5\u672c\u306e\u9006\u30a4\u30fc\u30eb\u30c9\u4e8b\u4f8b\uff081989\u5e7412\u6708\uff09<\/h3>\n<p><span class=\"ymarker-s\">\u3061\u306a\u307f\u306b\u65e5\u672c\u3067\u3082\u65e5\u7d4c\u5e73\u5747\u304c\u53f2\u4e0a\u6700\u9ad8\u5024\uff0838,915\u5186\uff09\u3092\u4ed8\u3051\u305f1989\u5e7412\u670829\u65e5\u306e\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u304c\u9006\u30a4\u30fc\u30eb\u30c9\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\uff08\u5e73\u6210\u30d0\u30d6\u30eb\uff09<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-17879 size-full\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurvejpinverted-yield.png\" alt=\"\u65e5\u672c\u56fd\u50b5\u306e\u9006\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\uff081989\u5e7412\u670829\u65e5\uff09\" width=\"517\" height=\"306\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurvejpinverted-yield.png 517w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurvejpinverted-yield-300x178.png 300w\" sizes=\"auto, (max-width: 517px) 100vw, 517px\" \/><\/p>\n<p>\u305d\u306e\u5f8c\u306e\u65e5\u672c\u306e\u666f\u6c17\u3084\u682a\u4fa1\u304c\u3069\u3046\u306a\u3063\u305f\u304b\u306f\u8aac\u660e\u3059\u308b\u307e\u3067\u3082\u306a\u3044\u3067\u3057\u3087\u3046\u3002<\/p>\n<p>\u65e5\u672c\u306e\u666f\u6c17\u60aa\u5316\u3001\u65e5\u672c\u682a\u306e\u6b74\u53f2\u7684\u306a\u4e0b\u843d\u306b\u3064\u3044\u3066\u3082\u50b5\u5238\u5e02\u5834\u306f\u898b\u901a\u3057\u3066\u3044\u305f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p><span class=\"rmarker-s\">\u9006\u30a4\u30fc\u30eb\u30c9\u306f\u300c\u65e5\u672c\u306e\u5e73\u6210\u30d0\u30d6\u30eb\u5d29\u58ca\u300d\u300cIT\u30d0\u30d6\u30eb\u5d29\u58ca\u300d\u300c\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u300d\u300c\u30b3\u30ed\u30ca\u30b7\u30e7\u30c3\u30af\u300d\u3068\u904e\u53bb\u6570\u5341\u5e74\u9593\u306b\u8d77\u3053\u3063\u305f\u5927\u5e45\u306a\u666f\u6c17\u5f8c\u9000\u30fb\u682a\u4fa1\u4e0b\u843d\u3092\u3053\u3068\u3054\u3068\u304f\u4e88\u8a00\u3057\u3066\u3044\u305f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u4eca\u5f8c\u3001\u9006\u30a4\u30fc\u30eb\u30c9\u304c\u767a\u751f\u3057\u305f\u969b\u306b\u306f\u3001\u6ce8\u610f\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/span><\/p>\n<ul>\n<li>\u9006\u30a4\u30fc\u30eb\u30c9\u306e\u3088\u308a\u8a73\u3057\u3044\u4e8b\u4f8b\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=18452\" target=\"_blank\" rel=\"noopener\">\u9006\u30a4\u30fc\u30eb\u30c9\u306e\u6b74\u53f2\uff08\u7c73\u56fd\u306f1976\u5e74\u4ee5\u964d5\u56de\u30fb\u65e5\u672c\u306f1987\u5e74\u4ee5\u964d1\u56de\uff09<\/a><\/li>\n<\/ul>\n<h2>\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3068\u306f<\/h2>\n<p>\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u306f\u9ed2\u7530\u65e5\u9280\u306e\u91d1\u878d\u653f\u7b56\u306e1\u3064\u3067\u30012016\u5e749\u6708\u304b\u3089\u63a1\u7528\u3055\u308c\u305f\u624b\u6cd5\u3067\u3059\uff61<\/p>\n<p>\u6b63\u5f0f\u306b\u306f\u300c\u9577\u77ed\u91d1\u5229\u64cd\u4f5c\u4ed8\u304d\u91cf\u7684\uff65\u8cea\u7684\u91d1\u878d\u7de9\u548c\u300d\u3068\u8a00\u3044\u307e\u3059\uff61<\/p>\n<p>\u901a\u79f0\u304c\u300c\u9577\u77ed\u91d1\u5229\u64cd\u4f5c\uff08\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\uff65\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\uff09\u300d\u3067\u3059\u3002<\/p>\n<p>\u65e2\u306b\u884c\u308f\u308c\u3066\u3044\u305f\u7570\u6b21\u5143\u7de9\u548c\u306e\u5f71\u97ff\u306b\u3088\u308a\u3001\u4e00\u90e8\u30de\u30a4\u30ca\u30b9\u306b\u8a2d\u5b9a\u3055\u308c\u305f\u77ed\u671f\u91d1\u5229\u3068\u3068\u3082\u306b\u3001\u9577\u671f\u91d1\u5229\u3082\u5927\u5e45\u306b\u4f4e\u4e0b\u3057\u3001\u77ed\u671f\u91d1\u5229\u3068\u9577\u671f\u91d1\u5229\u304c\u307b\u307c\u540c\u30ec\u30d9\u30eb\u3067\u30d5\u30e9\u30c3\u30c8\u5316\u3057\u305f\u72b6\u614b\u3068\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p><span class=\"ymarker-s\">\u9577\u671f\u91d1\u5229\u304c\u6975\u7aef\u306b\u4f4e\u6c34\u6e96\u306e\u306a\u304b\u3067\u306e\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u30d5\u30e9\u30c3\u30c8\u5316\u306f\u9280\u884c\u3084\u751f\u4fdd\u3092\u306f\u3058\u3081\u3068\u3059\u308b\u91d1\u878d\u6a5f\u95a2\u3084\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u696d\u7e3e\u306b\u30de\u30a4\u30ca\u30b9\u306e\u5f71\u97ff\u3092\u4e0e\u3048\u307e\u3059\uff61<\/span><\/p>\n<p><span class=\"ymarker-s\">\u3053\u308c\u3092\u662f\u6b63\u3059\u308b\u305f\u3081\u306b1\u5e74\u4ee5\u4e0b\u306e\u77ed\u671f\u91d1\u5229\u306810\u5e74\u306e\u9577\u671f\u91d1\u5229\u3068\u3044\u3046\uff12\u3064\u306e\u91d1\u5229\u3092\u305d\u308c\u305e\u308c\u5225\u306b\u64cd\u4f5c\u3057\u3066\u3001\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u3092\u7acb\u305f\u305b\u308b\uff08\u30b9\u30c6\u30a3\u30fc\u30d7\u5316\u3055\u305b\u308b\uff09\u76ee\u7684\u3067\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3092\u5c0e\u5165\u3057\u307e\u3057\u305f\u3002<\/span><\/p>\n<p>\u77ed\u671f\u91d1\u5229\u306b\u3064\u3044\u3066\u306f\u305d\u308c\u307e\u3067\u540c\u69d8\u3001\u91d1\u878d\u6a5f\u95a2\u304c\u4fdd\u6709\u3059\u308b\u65e5\u9280\u5f53\u5ea7\u9810\u91d1\u306e\u4e00\u90e8\u306b\u30de\u30a4\u30ca\u30b90.1%\u306e\u30de\u30a4\u30ca\u30b9\u91d1\u5229\u3092\u9069\u7528\u3057\u3066\u64cd\u4f5c\u3057\u307e\u3059\uff61<\/p>\n<p>\u305d\u3057\u3066\u3001\u65b0\u305f\u306b\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u306e\u5bfe\u8c61\u3068\u306a\u3063\u305f\u9577\u671f\u91d1\u5229\u306f\u516c\u958b\u5e02\u5834\u64cd\u4f5c\uff08\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\uff09\u3092\u4f7f\u3044\u300110\u5e74\u56fd\u50b5\u306e\u5229\u56de\u308a\u304c\u304a\u304a\u3080\u306d\u30bc\u30ed\uff05\u7a0b\u5ea6\u3067\u63a8\u79fb\u3059\u308b\u3088\u3046\u306b\u8a98\u5c0e\u3059\u308b\u3053\u3068\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>10\u5e74\u56fd\u50b5\u306e\u8a98\u5c0e\u76ee\u6a19\u306f\u4e0b\u8a18\u306e\u901a\u308a\u5909\u5316\u3057\u3066\u3044\u304d\u307e\u3057\u305f\u3002<\/p>\n<ul>\n<li>2016\u5e749\u6708\uff5e\uff1a0\uff05\u00b10.1\uff05<\/li>\n<li>2018\u5e747\u6708\uff5e\uff1a0\uff05\u00b10.2\uff05<\/li>\n<li>2021\u5e743\u6708\uff5e\uff1a0\uff05\u00b10.25\uff05<\/li>\n<\/ul>\n<p>\u65e5\u9280\u306e\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3068\u306f\u672c\u6765\u306f\u5e02\u5834\u539f\u7406\u3067\u52d5\u304f\u306f\u305a\u306e\u9577\u671f\u91d1\u5229\u307e\u3067\u3082\u65e5\u9280\u304c\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u3059\u308b\u3068\u3044\u3046\u65bd\u7b56\u3067\u3059\u3002<\/p>\n<p>\u4e0b\u8a18\u306f\u65e5\u9280\u304c\u884c\u3046\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u306e\u30a4\u30e1\u30fc\u30b8\u56f3\u3067\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6060\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_control3.png\" alt=\"\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u30b3\u30f3\u30c8\u30ed\u30fc\u30eb\u306e\u30a4\u30e1\u30fc\u30b8\u56f3\" width=\"542\" height=\"451\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_control3.png 542w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_control3-300x250.png 300w\" sizes=\"auto, (max-width: 542px) 100vw, 542px\" \/><\/p>\n<h2>\u50b5\u5238\u306e\u30ed\u30fc\u30eb\u30c0\u30a6\u30f3\u52b9\u679c\uff08\u30ed\u30fc\u30ea\u30f3\u30b0\u52b9\u679c\uff09\u3068\u306f<\/h2>\n<p>\u6b21\u306b\u3001\u50b5\u5238\u306e\u30ed\u30fc\u30eb\u30c0\u30a6\u30f3\u52b9\u679c\uff08\u30ed\u30fc\u30ea\u30f3\u30b0\u52b9\u679c\uff09\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n<p>\u9806\u30a4\u30fc\u30eb\u30c9\u306e\u5834\u5408\u3001\u50b5\u5238\u306e\u6b8b\u5b58\u671f\u9593\u304c\u77ed\u304f\u306a\u308b\u3068\u3068\u3082\u306b\u5229\u56de\u308a\u306f\u4f4e\u4e0b\u3057\u307e\u3059\uff61<\/p>\n<p><span class=\"ymarker-s\">\u5229\u56de\u308a\u66f2\u7dda\u304c\u5909\u5316\u3057\u306a\u3044\u3068\u306e\u524d\u63d0\u306b\u7acb\u3066\u3070\u3001\u9577\u671f\u50b5\u3092\u8cfc\u5165\u3057\u305f\u3042\u3068\u30011\u5e74\u30012\u5e74\u3068\u7d4c\u904e\u3059\u308c\u3070\u5229\u56de\u308a\u304c\u4f4e\u4e0b\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\uff61<\/span><\/p>\n<p>\u5229\u56de\u308a\u304c\u4f4e\u4e0b\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u50b5\u5238\u4fa1\u683c\u304c\u4e0a\u6607\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\uff61<\/p>\n<p><span class=\"ymarker-s\">\u3053\u306e\u3088\u3046\u306b\u6642\u9593\u306e\u7d4c\u904e\u3068\u3068\u3082\u306b\u50b5\u5238\u4fa1\u683c\u306e\u4e0a\u6607\u304c\u671f\u5f85\u3067\u304d\u308b\u3053\u3068\u3092\u30ed\u30fc\u30eb\u30c0\u30a6\u30f3\u52b9\u679c\u3068\u8a00\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u305d\u3057\u3066\u3001\u30ed\u30fc\u30eb\u30c0\u30a6\u30f3\u52b9\u679c\u306f\u3001\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306e\u50be\u304d\u304c\u6025\uff08\u30b9\u30c6\u30a3\u30fc\u30d7\u5316\uff09\u306a\u5834\u5408\u306b\u7279\u306b\u52b9\u679c\u304c\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u8aac\u660e\u3060\u3051\u3067\u306f\u7406\u89e3\u304c\u96e3\u3057\u3044\u3068\u601d\u3044\u307e\u3059\u306e\u3067\u3001\u30ed\u30fc\u30eb\u30c0\u30a6\u30f3\u52b9\u679c\u3092\u5177\u4f53\u7684\u306a\u4f8b\u3092\u4f7f\u3063\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n<p><span style=\"text-decoration: underline;\"><strong>\u30ed\u30fc\u30eb\u30c0\u30a6\u30f3\u52b9\u679c\u306e\u4f8b<\/strong><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-4124 size-full\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_rei20171111.png\" alt=\"\u50b5\u5238\u306e\u30ed\u30fc\u30eb\u30c0\u30a6\u30f3\u52b9\u679c\" width=\"537\" height=\"332\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_rei20171111.png 537w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2016\/07\/yieldcurve_rei20171111-300x185.png 300w\" sizes=\"auto, (max-width: 537px) 100vw, 537px\" 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rel=\"noopener\">\u7c73\u56fd\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\u30fb\u65b0\u8208\u56fd\u56fd\u50b5\u30fb\u6295\u8cc7\u9069\u683c\u793e\u50b5\u306e\u5229\u56de\u308a\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9\u9577\u671f\u63a8\u79fb<\/a><\/li>\n<\/ul>\n<p>\u65e5\u7c73\u306e\u9577\u671f\u91d1\u5229\u306e\u63a8\u79fb\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff01<\/p>\n<ul>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=15057\" target=\"_blank\" rel=\"noopener\">\u7c73\u56fd\u306e\u9577\u671f\u91d1\u5229\uff0810\u5e74\u56fd\u50b5\u5229\u56de\u308a\uff09\u306e\u9577\u671f\u63a8\u79fb\u3010\u30c1\u30e3\u30fc\u30c8\u30fb\u5909\u52d5\u8981\u56e0\u3011<\/a><\/li>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=14588\" target=\"_blank\" rel=\"noopener\">\u65e5\u672c\u306e\u9577\u671f\u91d1\u5229\uff0810\u5e74\u56fd\u50b5\u5229\u56de\u308a\uff09\u306e\u9577\u671f\u63a8\u79fb\u3010\u30c1\u30e3\u30fc\u30c8\u30fb\u5909\u52d5\u8981\u56e0\u3011<\/a><\/li>\n<\/ul>\n<p>\u50b5\u5238\u5e02\u5834\u306e\u5168\u4f53\u50cf\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff01<\/p>\n<ul>\n<li><a href=\"https:\/\/finance-gfp.com\/?p=15759\" target=\"_blank\" rel=\"noopener\">\u50b5\u5238\u5e02\u5834\u306e\u5168\u4f53\u50cf\u3010\u50b5\u5238\u306e\u7a2e\u985e\u3092\u4e00\u89a7\u3067\u5206\u304b\u308a\u3084\u3059\u304f\u7d39\u4ecb\u3011<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u300c\u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u300d\u306b\u3064\u3044\u3066\u5206\u304b\u308a\u3084\u3059\u304f\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002 \u30a4\u30fc\u30eb\u30c9\u30ab\u30fc\u30d6\u306b\u3064\u3044\u3066\u306e\u57fa &#8230; 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