{"id":5751,"date":"2018-07-23T07:55:30","date_gmt":"2018-07-22T22:55:30","guid":{"rendered":"https:\/\/finance-gfp.com\/?p=5751"},"modified":"2025-02-14T06:58:09","modified_gmt":"2025-02-13T21:58:09","slug":"%e4%b8%bb%e8%a6%81%e5%9b%bd%e3%81%ae%e3%82%a4%e3%83%bc%e3%83%ab%e3%83%89%e3%82%b9%e3%83%97%e3%83%ac%e3%83%83%e3%83%89%e6%8e%a8%e7%a7%bb%ef%bc%88%e3%83%87%e3%83%bc%e3%82%bf%e6%9b%b4%e6%96%b0%e7%94%a8","status":"publish","type":"post","link":"https:\/\/finance-gfp.com\/?p=5751","title":{"rendered":"\u4e3b\u8981\u56fd\u682a\u5f0f\u5e02\u5834\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\uff08\u9577\u671f\u30c1\u30e3\u30fc\u30c8\uff09"},"content":{"rendered":"<p><span class=\"ymarker-s\">\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u4e3b\u8981\u56fd\u682a\u5f0f\uff08\u65e5\u672c\u682a\u30fb\u7c73\u56fd\u682a\u30fb\u6b27\u5dde\u682a\u30fb\u82f1\u56fd\u682a\u30fb\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u682a\u30fb\u4e2d\u56fd\u682a\u30fb\u30d6\u30e9\u30b8\u30eb\u682a\u30fb\u30a4\u30f3\u30c9\u682a\uff09\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u63a8\u79fb\u3068\u30dd\u30a4\u30f3\u30c8\u89e3\u8aac\u3092\u63b2\u8f09\u3057\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p>\u5404\u682a\u5f0f\u5e02\u5834\u304c\u91d1\u5229\u5bfe\u6bd4\u3067\u5272\u9ad8\u304b\u5272\u5b89\u304b\u3092\u8abf\u3079\u308b\u969b\u306b\u6d3b\u7528\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p>\u56fd\u306b\u3088\u3063\u3066\u591a\u5c11\u7570\u306a\u308a\u307e\u3059\u304c\u3001\u904e\u53bb\u306e\u30c7\u30fc\u30bf\u3067\u306f\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\uff0d5\uff05\u3092\u4e0b\u56de\u308b\u3068\u682a\u5f0f\u304c\u5272\u5b89\u3001\uff0d10\uff05\u3092\u4e0b\u56de\u308b\u3068\u8d85\u5272\u5b89\u3068\u8a00\u3048\u307e\u3059\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<p>\u6700\u521d\u306b\u3001\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306b\u3064\u3044\u3066\u306e\u8aac\u660e\u304b\u3089\u59cb\u3081\u307e\u3059\u3002<\/p>\n<h2>\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u3068\u306f<\/h2>\n<p>\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\u9577\u671f\u91d1\u5229\u3068\u682a\u5f0f\u76ca\u5229\u56de\u308a\u306e\u5dee\u3067\u8868\u3055\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li><span class=\"ymarker-s\">\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\uff1d\u9577\u671f\u91d1\u5229\uff0d\u682a\u5f0f\u76ca\u5229\u56de\u308a<\/span><\/li>\n<\/ul>\n<p>\u682a\u5f0f\u76ca\u5229\u56de\u308a\u306fPER\u306e\u9006\u6570\u3067\u3059\u3002<\/p>\n<p>\u3088\u3063\u3066\u3001<span class=\"rmarker-s\">\u300e\u682a\u5f0f\u76ca\u5229\u56de\u308a\u304c\u9ad8\u3044\uff1dPER\u304c\u4f4e\u3044\u300f\u300e\u682a\u5f0f\u76ca\u5229\u56de\u308a\u304c\u4f4e\u3044\uff1dPER\u304c\u9ad8\u3044\u300f<\/span>\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u682a\u5f0f\u76ca\u5229\u56de\u308a\uff1d1\/PER<\/li>\n<\/ul>\n<p>\u9577\u671f\u91d1\u5229\u306f\u901a\u5e38\u300110\u5e74\u56fd\u50b5\u5229\u56de\u308a\u306a\u3069\u304c\u4f7f\u308f\u308c\u307e\u3059\u3002<\/p>\n<p><span class=\"ymarker-s\">\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\u9577\u671f\u91d1\u5229\u306e\u5229\u56de\u308a\u3068\u682a\u5f0f\u304b\u3089\u5f97\u3089\u308c\u308b\u5229\u56de\u308a\u3092\u6bd4\u8f03\u3057\u3066\u3069\u3061\u3089\u304c\u5272\u5b89\u304b\u3092\u5224\u65ad\u3059\u308b\u305f\u3081\u306e\u6307\u6a19\u3067\u3059\u3002<\/span><\/p>\n<p><span class=\"rmarker-s\">\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\u6570\u5b57\u304c\u5c0f\u3055\u304f\u306a\u308b\uff08\u30de\u30a4\u30ca\u30b9\u5e45\u304c\u5927\u304d\u304f\u306a\u308b\uff09\u307b\u3069\u682a\u5f0f\u304c\u5272\u5b89<\/span>\u306a\u72b6\u614b\u3067\u3042\u308b\u3053\u3068\u3092\u8868\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u8a73\u7d30\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3082\u3054\u89a7\u304f\u3060\u3055\u3044\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=5727\" target=\"_blank\" rel=\"noopener noreferrer\">\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u8003\u3048\u65b9\/\u7c73\u56fd\u682a\u306e\u5206\u6790\u4e8b\u4f8b<\/a><\/li>\n<\/ul>\n<p>\u4f55\uff05\u4ee5\u4e0a\u304b\u3044\u96e2\u3059\u308b\u3068\u3069\u3061\u3089\u304b\u304c\u6709\u5229\u3068\u3044\u3046\u6c7a\u307e\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u611f\u899a\u7684\u306b\u306f<span class=\"ymarker-s\">\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\uff0d5\uff05\u3088\u308a\u4f4e\u304f\u306a\u308b\u3068\u682a\u5f0f\u3078\u306e\u6295\u8cc7\u304c\u6709\u5229<\/span>\u3068\u8a00\u3048\u305d\u3046\u3067\u3059\uff61<\/p>\n<p>\u307e\u305f\u3001\u4e0b\u8a18\u306b\u63b2\u8f09\u3057\u3066\u3044\u308b\u904e\u53bb\u306e\u30c7\u30fc\u30bf\u304b\u3089\u3001<span class=\"ymarker-s\">\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\uff0d10%\u3092\u4e0b\u56de\u308b\u3068\u975e\u5e38\u306b\u5272\u5b89<\/span>\u306a\u72b6\u614b\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3001\u30d6\u30e9\u30b8\u30eb\u306a\u3069\u306e\u9ad8\u91d1\u5229\u901a\u8ca8\u56fd\u306f\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u89b3\u70b9\u304b\u3089\u306f\u682a\u5f0f\u3088\u308a\u50b5\u5238\u306e\u65b9\u304c\u6709\u5229\u3068\u306a\u308a\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\uff08\u5143\u3005\u306e\u91d1\u5229\u6c34\u6e96\u304c\u9ad8\u3044\u306e\u3067\u682a\u5f0f\u306f\u3088\u308a\u9ad8\u3044\u76ca\u5229\u56de\u308a\u3092\u8981\u6c42\u3055\u308c\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\uff09<\/p>\n<h2>\u4e3b\u8981\u56fd\u682a\u5f0f\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\uff08\u9577\u671f\u30c1\u30e3\u30fc\u30c8\uff09<\/h2>\n<p>\u203b\u682a\u5f0f\u76ca\u5229\u56de\u308a\u3092\u8a08\u7b97\u3059\u308b\u969b\u306ePER\u306f\u5168\u3066\u4e88\u60f3PER\u3092\u4f7f\u7528\u3057\u3066\u3044\u307e\u3059<\/p>\n<h3>\u65e5\u672c\u682a\uff08TOPIX\uff09<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23725\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_jp202412.png\" alt=\"\u65e5\u672c\u682a\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\" width=\"731\" height=\"384\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_jp202412.png 731w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_jp202412-300x158.png 300w\" sizes=\"auto, (max-width: 731px) 100vw, 731px\" \/><\/p>\n<p>\u4e0a\u8a18\u306e\u671f\u9593\u306b\u304a\u3044\u3066\u306f\u3001\u65e5\u672c\u306e\u9577\u671f\u91d1\u5229\u306e\u5909\u5316\u304c\u5c0f\u3055\u304b\u3063\u305f\u3053\u3068\u304b\u3089\u3001\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u5909\u5316\u306e\u5927\u90e8\u5206\u306f\u682a\u5f0f\u76ca\u5229\u56de\u308a\u306e\u5909\u5316\u3067\u8aac\u660e\u3067\u304d\u307e\u3059\u3002<\/p>\n<p>\u30a2\u30d9\u30ce\u30df\u30af\u30b9\u3084\u65e5\u9280\u306e\u91d1\u878d\u7de9\u548c\u306e\u52b9\u679c\u30672012\u5e74\u5f8c\u534a\u304b\u30892017\u5e74\u672b\u306b\u304b\u3051\u3066TOPIX\u306f750\u30dd\u30a4\u30f3\u30c8\u304b\u30891900\u30dd\u30a4\u30f3\u30c8\u307e\u3067\u7d042.5\u500d\u306e\u4e0a\u6607\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3057\u304b\u3057\u3001\u3053\u306e\u671f\u9593\u306b\u304a\u3044\u3066\u4f01\u696d\u696d\u7e3e\u3082\u540c\u69d8\u306b\u4f38\u3073\u3066\u304a\u308a\u3001PER\u306f\u307b\u3068\u3093\u3069\u5909\u5316\u3057\u3066\u304a\u3089\u305a\u3001PER\u306e\u9006\u6570\u3067\u3042\u308b\u682a\u5f0f\u76ca\u5229\u56de\u308a\u30827\uff05\u524d\u5f8c\u306e\u9ad8\u6c34\u6e96\u3092\u30ad\u30fc\u30d7\u3057\u307e\u3057\u305f\u3002\uff08\u76ca\u5229\u56de\u308a7\uff05\u3068\u3044\u3046\u3053\u3068\u306fPER14.3\u500d\uff09<\/p>\n<p>2012\u5e74\uff5e2022\u5e74\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\u6982\u306d\uff0d5\uff05\uff5e\uff0d8\uff05\u524d\u5f8c\u3068\u306a\u3063\u3066\u304a\u308a\u3001\u7406\u8ad6\u7684\u306b\u306f\u682a\u5f0f\u306b\u6295\u8cc7\u3057\u305f\u65b9\u304c\u826f\u3044\u3068\u3044\u3048\u308b\u6c34\u6e96\u3067\u3057\u305f\u3002<\/p>\n<p>2020\u5e74\u306f\u65b0\u578b\u30b3\u30ed\u30ca\u30a6\u30a4\u30eb\u30b9\u306e\u5f71\u97ff\u306b\u3088\u308a\u5229\u76ca\u304c\u4f38\u3073\u60a9\u3080\u4e2d\u3001\u4e16\u754c\u7684\u306a\u91d1\u878d\u7de9\u548c\u306e\u5f71\u97ff\u306b\u3088\u308a\u65e5\u672c\u682a\u304c\u5927\u304d\u304f\u4e0a\u6607\u3057\u305f\u3053\u3068\u3067PER\u304c\u4e0a\u6607\uff08\u76ca\u5229\u56de\u308a\u4f4e\u4e0b\uff09\u3057\u307e\u3057\u305f\u3002\u305d\u306e\u7d50\u679c\u3001\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\u4e00\u6642\u7684\u306b\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002<\/p>\n<ul>\n<li>\u65e5\u672c\u682a\u306e\u9577\u671f\u63a8\u79fb\u306f\u3053\u3061\u3089\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=4998\" target=\"_blank\" rel=\"noopener noreferrer\">\u65e5\u672c\u682a\uff08\u65e5\u7d4c\u5e73\u5747\uff09\u3068\u30c9\u30eb\u5186\u30ec\u30fc\u30c8\u9577\u671f\u63a8\u79fb\uff08\u30c1\u30e3\u30fc\u30c8\u30fb\u5909\u52d5\u8981\u56e0\uff09<\/a><\/li>\n<\/ul>\n<h3>\u7c73\u56fd\u682a\uff08S&amp;P500\uff09<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23726\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_us202412.png\" alt=\"\u7c73\u56fd\u682a\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\" width=\"726\" height=\"384\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_us202412.png 726w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_us202412-300x159.png 300w\" sizes=\"auto, (max-width: 726px) 100vw, 726px\" \/><\/p>\n<p>\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f2013\u5e74\u4ee5\u964d\u3001\uff0d2.0%\uff5e\uff0d4.0%\u306e\u6c34\u6e96\u3067\u3042\u308a\u3001\u682a\u5f0f\uff65\u50b5\u5238\u306e\u3069\u3061\u3089\u304b\u304c\u6975\u7aef\u306b\u6709\u5229\u3068\u3044\u3046\u30ec\u30d9\u30eb\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>2020\u5e743\u6708\u9803\u306f\u65b0\u578b\u30b3\u30ed\u30ca\u30a6\u30a4\u30eb\u30b9\u306e\u5f71\u97ff\u306b\u3088\u308a\u682a\u4fa1\u304c\u5927\u304d\u304f\u4e0b\u843d\u3057\u3001PER\u304c\u4f4e\u4e0b\uff08\u682a\u5f0f\u76ca\u5229\u56de\u308a\u306f\u4e0a\u6607\uff09\u3001\u540c\u6642\u306b\u30bc\u30ed\u91d1\u5229\u653f\u7b56\u304c\u5fa9\u6d3b\uff08\u9577\u671f\u91d1\u5229\u3082\u4f4e\u4e0b\uff09\u3057\u305f\u3053\u3068\u3067\u3001\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\u4e00\u6642\u7684\u306b\uff0d5.1\uff05\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u305d\u306e\u5f8c\u306f\u4f01\u7c73\u56fd\u682a\u304c\u5927\u304d\u304f\u4e0a\u6607\u3057\u305f\u3053\u3068\u3067PER\u304c\u4e0a\u6607\uff08\u76ca\u5229\u56de\u308a\u304c\u4f4e\u4e0b\uff09\u3057\u3001\u9577\u671f\u91d1\u5229\u3082\u4e0a\u6607\u3057\u305f\u3053\u3068\u304b\u3089\u30012023\u5e74\u5f8c\u534a\u306b\u306f\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\u307b\u307c\u30bc\u30ed\u307e\u3067\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002<\/p>\n<ul>\n<li>\u7c73\u56fd\u682a\u306e\u9577\u671f\u63a8\u79fb\u306f\u3053\u3061\u3089\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=4859\" target=\"_blank\" rel=\"noopener noreferrer\">\u7c73\u56fd\u682a(S&amp;P500)\u9577\u671f\u63a8\u79fb(\u30c1\u30e3\u30fc\u30c8\u30fb\u5909\u52d5\u8981\u56e0) \/ 30%\u4ee5\u4e0a\u306e\u66b4\u843d\u306f\u904e\u53bb8\u56de<\/a><\/li>\n<\/ul>\n<h3>\u6b27\u5dde\u682a\uff08\u30e6\u30fc\u30ed\u30b9\u30c8\u30c3\u30af50\uff09<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23727\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_euro202412.png\" alt=\"\u6b27\u5dde\u682a\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\" width=\"728\" height=\"387\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_euro202412.png 728w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_euro202412-300x159.png 300w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p>\u6b27\u5dde\u50b5\u52d9\u5371\u6a5f\u304c\u767a\u751f\u3057\u305f2011\u5e74\u524d\u5f8c\u306f\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\uff0d10%\u3092\u8d85\u3048\u308b\u6c34\u6e96\u307e\u3067\u4f4e\u4e0b\u3057\u3066\u304a\u308a\u3001\u682a\u5f0f\u3078\u306e\u6295\u8cc7\u304c\u975e\u5e38\u306b\u6709\u5229\u306a\u72b6\u6cc1\u3067\u3057\u305f\u3002<\/p>\n<p>\u305d\u308c\u4ee5\u964d\u3082\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\uff0d5\uff05\u4e0b\u56de\u308b\u6c34\u6e96\u3067\u3001\u682a\u5f0f\u304c\u6709\u5229\u306a\u72b6\u6cc1\u304c\u7d9a\u3044\u3066\u3044\u308b\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<h3>\u82f1\u56fd\u682a\uff08FTSE100\uff09<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23729\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_uk202412.png\" alt=\"\u82f1\u56fd\u682a\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\" width=\"727\" height=\"378\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_uk202412.png 727w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_uk202412-300x156.png 300w\" sizes=\"auto, (max-width: 727px) 100vw, 727px\" \/><\/p>\n<p>\u591a\u304f\u306e\u671f\u9593\u3067\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\uff0d5\uff05\u4e0b\u56de\u308b\u6c34\u6e96\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u82f1\u56fd\u682a\u3082\u6b27\u5dde\u682a\u3068\u540c\u69d8\u306b\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u7406\u8ad6\u3067\u306f\u682a\u5f0f\u304c\u6709\u5229\u306a\u72b6\u6cc1\u304c\u9577\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3>\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u682a\uff08ASX200\uff09<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23730\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_aud202412.png\" alt=\"\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\" width=\"727\" height=\"373\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_aud202412.png 727w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_aud202412-300x154.png 300w\" sizes=\"auto, (max-width: 727px) 100vw, 727px\" \/><\/p>\n<p>\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u306f\u591a\u304f\u306e\u671f\u9593\u3067\u9577\u671f\u91d1\u5229\u306e\u6c34\u6e96\u304c\u9ad8\u304f\u3001\u682a\u5f0f\u76ca\u5229\u56de\u308a\u304c\u9ad8\u304f\u3066\u3082\uff08PER\u304c\u4f4e\u304f\u3066\u3082\uff09\u76f8\u6bba\u3055\u308c\u3066\u3057\u307e\u3046\u3053\u3068\u3067\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\u305d\u308c\u307b\u3069\u4f4e\u304f\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>\u3088\u3063\u3066\u3001\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u89b3\u70b9\u304b\u3089\u306f\u682a\u5f0f\u30fb\u50b5\u5238\u306e\u3069\u3061\u3089\u304b\u304c\u6975\u7aef\u306b\u6709\u5229\u3068\u3044\u3046\u30ec\u30d9\u30eb\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<h3>\u4e2d\u56fd\u682a\uff08\u4e2d\u56fdCSI\uff09<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23731\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_china202412.png\" alt=\"\u4e2d\u56fd\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\" width=\"727\" height=\"378\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_china202412.png 727w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_china202412-300x156.png 300w\" sizes=\"auto, (max-width: 727px) 100vw, 727px\" \/><\/p>\n<p>\u4e2d\u56fd\u682a\u306f\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u304c\u9ad8\u304f\u3001PER\uff08\u682a\u5f0f\u76ca\u5229\u56de\u308a\uff09\u306e\u5909\u52d5\u3082\u5927\u304d\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\uff0d5\uff05\u3092\u5927\u304d\u304f\u4e0b\u56de\u308b\u6c34\u6e96\u3067\u3042\u308c\u3070\u682a\u5f0f\u304c\u6709\u5229\u306b\u306a\u308b\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u4e2d\u56fd\u682a\u5f0f\u5e02\u5834\u306e\u6982\u8981\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=3759\" target=\"_blank\" rel=\"noopener noreferrer\">\u4e2d\u56fd\u682a\u5f0f\u5e02\u5834\u306e\u4ed5\u7d44\u307f\u3092\u5206\u304b\u308a\u6613\u304f\u89e3\u8aac\u3010\u9999\u6e2f\uff65\u4e0a\u6d77\uff65\u6df1\u30bb\u30f3 \/ \uff21\u682a\uff65\uff22\u682a\uff65\uff28\u682a\u30fb\u30cf\u30f3\u30bb\u30f3\uff65\u30ec\u30c3\u30c9\u30c1\u30c3\u30d7\u3011<\/a><\/li>\n<\/ul>\n<h3>\u30d6\u30e9\u30b8\u30eb\u682a\uff08\u30d6\u30e9\u30b8\u30eb\u30dc\u30d9\u30b9\u30d1\u6307\u6570\uff09<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23732\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_br202412.png\" alt=\"\u30d6\u30e9\u30b8\u30eb\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\" width=\"728\" height=\"375\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_br202412.png 728w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_br202412-300x155.png 300w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/p>\n<p>\u203b\u30c7\u30fc\u30bf\u304c\u53d6\u5f97\u3067\u304d\u306a\u304b\u3063\u305f\u70ba\u3001\u30d6\u30e9\u30b8\u30eb\u306e\u307f\u56fd\u50b5\u5229\u56de\u308a\u306f1\u5e74\u7269\u3092\u4f7f\u7528\u3057\u3066\u3044\u307e\u3059<\/p>\n<p><span class=\"ymarker-s\">\u30d6\u30e9\u30b8\u30eb\u306f\u307b\u3068\u3093\u3069\u306e\u671f\u9593\u3067\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u30d7\u30e9\u30b9\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p><span class=\"ymarker-s\">\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u89b3\u70b9\u304b\u3089\u306f\u50b5\u5238\u6295\u8cc7\u304c\u6709\u5229\u306a\u30de\u30fc\u30b1\u30c3\u30c8\u3068\u8a00\u3048\u307e\u3059\u3002<\/span><\/p>\n<p>\u4f8b\u3048\u3070\u30ea\u30b9\u30af\u30d5\u30ea\u30fc\u30ec\u30fc\u30c8\u304c8\uff05\u3067\u3042\u308c\u3070\u3001\u682a\u5f0f\u306f8\uff05\u4ee5\u4e0a\u4e0a\u6607\u3057\u3066\u521d\u3081\u3066\u6295\u8cc7\u3057\u305f\u610f\u5473\u304c\u3042\u308b\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>\u76ca\u5229\u56de\u308a\u306e\u89b3\u70b9\u3067\u8a00\u3046\u3068\u3001\u76ca\u5229\u56de\u308a8%\u306fPER12.5\u500d\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>PER12.5\u500d\u3067\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u304c0\uff05\uff08\u30ea\u30b9\u30af\u30d5\u30ea\u30fc\u30ec\u30fc\u30c8\u3068\u540c\u30ec\u30d9\u30eb\uff09\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<p>PER\u304c12.5\u500d\u3092\u5927\u304d\u304f\u4e0b\u56de\u3063\u3066\u306f\u3058\u3081\u3066\u682a\u5f0f\u6295\u8cc7\u306b\u5999\u5473\u304c\u3067\u308b\u5f62\u3068\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u57fa\u672c\u7684\u306b\u306f\u50b5\u5238\u6295\u8cc7\u304c\u6709\u5229\u306a\u30de\u30fc\u30b1\u30c3\u30c8\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n<p>\u3088\u3063\u3066\u3001\u9ad8\u91d1\u5229\u901a\u8ca8\u306e\u56fd\u3067\u306f\u5fc5\u7136\u7684\u306b\u682a\u5f0f\u3088\u308a\u50b5\u5238\u3078\u306e\u6295\u8cc7\u304c\u5408\u7406\u7684\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30d6\u30e9\u30b8\u30eb\u50b5\u5238\u3078\u306e\u6295\u8cc7\u306b\u3064\u3044\u3066\u306f\u3053\u3061\u3089\u3092\u53c2\u7167\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=256\" target=\"_blank\" rel=\"noopener noreferrer\">\u30d6\u30e9\u30b8\u30eb\u30dc\u30f3\u30c9\u30aa\u30fc\u30d7\u30f3 \/ \u30d6\u30e9\u30b8\u30eb\u30ec\u30a2\u30eb\u306e\u6295\u8cc7\u74b0\u5883\u30fb\u6700\u65b0\u306e\u898b\u901a\u3057<\/a><\/li>\n<\/ul>\n<h3>\u30a4\u30f3\u30c9\u682a\uff08S&amp;P SENSEX\uff09<\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-23733\" src=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_india202412.png\" alt=\"\u30a4\u30f3\u30c9\u306e\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u63a8\u79fb\" width=\"729\" height=\"378\" srcset=\"https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_india202412.png 729w, https:\/\/finance-gfp.com\/wp-content\/uploads\/2018\/07\/yieldspread_india202412-300x156.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/p>\n<p>\u30a4\u30f3\u30c9\u306f\u30d6\u30e9\u30b8\u30eb\u307b\u3069\u9ad8\u91d1\u5229\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u6bd4\u8f03\u7684\u91d1\u5229\u306f\u9ad8\u3081\u3067\u3001\u304b\u3064\u682a\u5f0f\u76ca\u5229\u56de\u308a\u306f\u305d\u308c\u307b\u3069\u9ad8\u304f\u3042\u308a\u307e\u305b\u3093\u3002\uff08PER\u304c\u4f4e\u304f\u3042\u308a\u307e\u305b\u3093\uff09<\/p>\n<p><span class=\"ymarker-s\">\u7d50\u679c\u3068\u3057\u3066\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\u30d7\u30e9\u30b9\u306b\u306a\u308b\u3053\u3068\u304c\u591a\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/span><\/p>\n<p><span class=\"ymarker-s\">\u305d\u306e\u305f\u3081\u3001\u30a4\u30fc\u30eb\u30c9\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u89b3\u70b9\u3067\u3044\u3046\u3068\u682a\u5f0f\u3088\u308a\u50b5\u5238\u3078\u306e\u6295\u8cc7\u304c\u6709\u5229\u3068\u3044\u3046\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/span><\/p>\n<p>\u305f\u3060\u3057\u30012009\u5e74\u301c2022\u5e74\u306f\u682a\u4fa1\u6307\u6570\uff08S&amp;P SENSEX\uff09\u304c\u5927\u304d\u304f\u4e0a\u6607\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u306e\u9593\u306f\u9ad8PER\u3092\u7dad\u6301\u3057\u305f\u307e\u307e\uff08\u5272\u9ad8\u306a\u307e\u307e\uff09\u3001\u682a\u4fa1\u4e0a\u6607\u304c\u7d9a\u304d\u307e\u3057\u305f\u3002<\/p>\n<ul>\n<li>\u65b0\u8208\u56fd\u682a\u306e\u9577\u671f\u63a8\u79fb\u306f\u3053\u3061\u3089\uff1a<a href=\"https:\/\/finance-gfp.com\/?p=3774\" target=\"_blank\" rel=\"noopener noreferrer\">\u65b0\u8208\u56fd\u682a\u5f0f\u5e02\u5834(\u4e2d\u56fd\uff65\u30a4\u30f3\u30c9\uff65\u30d6\u30e9\u30b8\u30eb\uff65\u30ed\u30b7\u30a2)\u306e\u9577\u671f\u63a8\u79fb<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u3053\u3061\u3089\u306e\u30da\u30fc\u30b8\u3067\u306f\u4e3b\u8981\u56fd\u682a\u5f0f\uff08\u65e5\u672c\u682a\u30fb\u7c73\u56fd\u682a\u30fb\u6b27\u5dde\u682a\u30fb\u82f1\u56fd\u682a\u30fb\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u682a\u30fb\u4e2d\u56fd\u682a\u30fb\u30d6\u30e9\u30b8\u30eb\u682a\u30fb &#8230; 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