{"id":47182,"date":"2026-05-18T20:24:42","date_gmt":"2026-05-18T20:24:42","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/47182\/"},"modified":"2026-05-18T20:24:42","modified_gmt":"2026-05-18T20:24:42","slug":"%e7%b1%b330%e5%b9%b4%e5%82%b5%e5%88%a9%e5%9b%9e%e3%82%8a%e3%80%815%ef%bc%85%e8%b6%85%e3%82%92%e7%b6%ad%e6%8c%81%e3%80%80%e4%b8%96%e7%95%8c%e7%9a%84%e3%81%aa%e5%82%b5%e5%88%b8%e5%a3%b2%e3%82%8a","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/live-updates\/47182\/","title":{"rendered":"\u7c7330\u5e74\u50b5\u5229\u56de\u308a\u30015\uff05\u8d85\u3092\u7dad\u6301\u3000\u4e16\u754c\u7684\u306a\u50b5\u5238\u58f2\u308a\u52a0\u901f\u3067FRB\u306e\u5f15\u304d\u7de0\u3081\u89b3\u6e2c\u5f37\u307e\u308b"},"content":{"rendered":"

\u7c73\u56fd\u50b5\u5229\u56de\u308a\u306f\u91d1\u66dc\u65e5\u3001\u4e16\u754c\u7684\u306a\u50b5\u5238\u58f2\u308a\u306e\u4e2d\u3067\u539f\u6cb9\u9ad8\u3068\u6b69\u8abf\u3092\u5408\u308f\u305b\u3066\u4e0a\u6607\u3057\u3001\u3044\u308f\u3086\u308b\u300c\u30d9\u30a2\u30fb\u30b9\u30c6\u30a3\u30fc\u30d7\u30cb\u30f3\u30b0\uff08\u50b5\u5238\u4fa1\u683c\u304c\u4e0b\u304c\u308b\u5c40\u9762\u3067\u3001\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u5e45\u304c\u77ed\u671f\u91d1\u5229\u3092\u4e0a\u56de\u308a\u3001\u5229\u56de\u308a\u66f2\u7dda\uff1d\u9577\u77ed\u91d1\u5229\u5dee\u304c\u62e1\u5927\u3059\u308b\u52d5\u304d\uff09\u300d\u3068\u306a\u3063\u305f\u300230\u5e74\u50b5\u5229\u56de\u308a\u306f5\uff05\u30924\u65e5\u9023\u7d9a\u3067\u4e0a\u56de\u308a\u30012007\u5e747\u6708\u4ee5\u6765\u306e\u9577\u671f\u306b\u308f\u305f\u308b\u9ad8\u6c34\u6e96\u3068\u306a\u3063\u305f\u3002<\/p>\n

\u5e02\u5834\u306f2026\u5e747\u6708\u304b\u30892027\u5e746\u6708\u306b\u304b\u3051\u306632bp\uff08\u30d9\u30fc\u30b7\u30b9\u30dd\u30a4\u30f3\u30c8\uff1d0.01\uff05\uff09\u306e\u5f15\u304d\u7de0\u3081\u3092\u7e54\u308a\u8fbc\u307f\u3001\u540c\u671f\u9593\u306bFRB\uff08\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff09\u304c\u8ffd\u52a0\u3067\u5229\u4e0a\u3052\u3092\u300c1\u56de\u5f37\u300d\u884c\u3046\u524d\u63d0\u306b\u8fd1\u3044\u3002\u7126\u70b9\u306f\u3001\u73fe\u5728\u306e\u5229\u56de\u308a\u6c34\u6e96\u3067\u8cb7\u3044\u624b\u304c\u5165\u308b\u304b\u3069\u3046\u304b\u306b\u79fb\u308a\u3064\u3064\u3042\u308b\u3002<\/p>\n

Key Catalysts Ahead<\/h3>\n

\u9577\u671f\u30be\u30fc\u30f3\uff08\u6e80\u671f\u304c\u9577\u3044\u56fd\u50b5\uff09\u306e\u58f2\u308a\u3092\u53d7\u3051\u3001\u6c34\u66dc\u65e5\u306e\u7c7320\u5e74\u56fd\u50b5\u5165\u672d\u304c\u6ce8\u76ee\u3055\u308c\u305d\u3046\u3060\u3002\u6708\u66dc\u65e5\u306b\u306fTIC\uff08\u5bfe\u7c73\u8a3c\u5238\u6295\u8cc7\u7d71\u8a08\uff1d\u6d77\u5916\u52e2\u306b\u3088\u308b\u7c73\u56fd\u50b5\u306a\u3069\u7c73\u8a3c\u5238\u306e\u58f2\u8cb7\u30fb\u4fdd\u6709\u52d5\u5411\u3092\u793a\u3059\u7d71\u8a08\uff09\u304c\u516c\u8868\u3055\u308c\u30013\u6708\u5206\u306e\u6d77\u5916\u9700\u8981\u306e\u624b\u304c\u304b\u308a\u3068\u3057\u3066\u4f7f\u308f\u308c\u308b\u3002<\/p>\n

\u7d4c\u6e08\u6307\u6a19\u306e\u4e88\u5b9a\u306f\u5c11\u306a\u304f\u3001\u6c34\u66dc\u65e5\u306eFRB\u8b70\u4e8b\u8981\u65e8\u304c\u6700\u5927\u306e\u6750\u6599\u306b\u306a\u308a\u305d\u3046\u3060\u3002\u8b70\u4e8b\u8981\u65e8\u306f\u3001\u58f0\u660e\u6587\u306e\u6587\u8a00\u3092\u3081\u3050\u308a\u30bf\u30ab\u6d3e\uff08\u91d1\u878d\u5f15\u304d\u7de0\u3081\u306b\u524d\u5411\u304d\uff09\u306a\u53cd\u5bfe\u610f\u898b\u304c3\u3064\u51fa\u305f\u4f1a\u5408\u306e\u5185\u5bb9\u3092\u53cd\u6620\u3059\u308b\u3002<\/p>\n

\u8b70\u4e8b\u8981\u65e8\u306b\u52a0\u3048\u3001\u30a6\u30a9\u30e9\u30fc\u3001\u30dd\u30fc\u30eb\u30bd\u30f3\u3001\u30d0\u30fc\u5404\u6c0f\u304c\u8b1b\u6f14\u3059\u308b\u4e88\u5b9a\u3002<\/p>\n

\u9577\u671f\u56fd\u50b5\u306e\u5927\u5e45\u306a\u58f2\u308a\u306730\u5e74\u50b5\u5229\u56de\u308a\u304c5\uff05\u3092\u4e0a\u56de\u308a\u30012007\u5e74\u4ee5\u6765\u306e\u6c34\u6e96\u306b\u9054\u3057\u3066\u3044\u308b\u3002\u501f\u5165\u30b3\u30b9\u30c8\uff08\u91d1\u5229\uff09\u306e\u6025\u4e0a\u6607\u306f\u5e02\u5834\u306e\u8b66\u6212\u611f\u3092\u5f37\u3081\u3001\u5909\u52d5\uff08\u5024\u52d5\u304d\uff09\u304c\u5927\u304d\u304f\u306a\u308a\u3084\u3059\u3044\u5c40\u9762\u3092\u793a\u5506\u3059\u308b\u3002\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\uff08\u91d1\u878d\u6d3e\u751f\u5546\u54c1\u3002\u5148\u7269\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\u306a\u3069\uff09\u3092\u53d6\u5f15\u3059\u308b\u6295\u8cc7\u5bb6\u306f\u3001\u50b5\u5238\u3068\u682a\u5f0f\u306e\u53cc\u65b9\u3067\u5024\u52d5\u304d\u304c\u62e1\u5927\u3059\u308b\u53ef\u80fd\u6027\u3092\u5ff5\u982d\u306b\u7f6e\u304d\u305f\u3044\u3002<\/p>\n

Implications For Rates And Risk<\/h3>\n

\u9ad8\u3044\u5229\u56de\u308a\u304c\u7d9a\u304f\u80cc\u666f\u306b\u306f\u30a4\u30f3\u30d5\u30ec\uff08\u7269\u4fa1\u4e0a\u6607\uff09\u304c\u3042\u308a\u3001\u306a\u304a\u8ab2\u984c\u3068\u3057\u3066\u6b8b\u3063\u3066\u3044\u308b\u30024\u6708\u306eCPI\uff08\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\uff09\u306f\u524d\u5e74\u6bd43.7\uff05\u5897\u3068\u4e0b\u3052\u6e0b\u3063\u305f\u30022025\u5e74\u5f8c\u534a\u306b\u306fFRB\u304c\u5229\u4e0b\u3052\u306b\u8ee2\u3058\u308b\u3068\u306e\u898b\u65b9\u304c\u512a\u52e2\u3060\u3063\u305f\u304c\u3001\u72b6\u6cc1\u306f\u5927\u304d\u304f\u5909\u308f\u3063\u305f\u3002\u5e02\u5834\u306f\u3001\u9045\u304f\u3068\u3082\u6765\u5e746\u6708\u307e\u3067\u306b\u5c11\u306a\u304f\u3068\u30821\u56de\u306e\u8ffd\u52a0\u5229\u4e0a\u3052\u306e\u53ef\u80fd\u6027\u3092\u7e54\u308a\u8fbc\u307e\u3056\u308b\u3092\u5f97\u306a\u304f\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n

\u50b5\u5238\u5e02\u5834\u306e\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\uff08\u4fa1\u683c\u5909\u52d5\u306e\u5927\u304d\u3055\uff09\u6307\u6a19\u3067\u3042\u308bMOVE\u6307\u6570\uff08\u7c73\u56fd\u50b5\u306e\u60f3\u5b9a\u5909\u52d5\u7387\u3092\u793a\u3059\u6307\u6a19\uff09\u306f\u30012025\u5e74\u521d\u306e\u5730\u57df\u9280\u884c\u4e0d\u5b89\u6642\u306b\u8fd1\u3044\u6c34\u6e96\u307e\u3067\u4e0a\u6607\u3057\u305f\u3002\u3053\u308c\u306f\u4e0d\u78ba\u5b9f\u6027\u306e\u9ad8\u307e\u308a\u3092\u793a\u3057\u3001\u4e3b\u8981\u306a\u50b5\u5238ETF\uff08\u4e0a\u5834\u6295\u8cc7\u4fe1\u8a17\uff09\u306b\u5bfe\u3059\u308b\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u4e00\u5b9a\u671f\u9593\u30fb\u4fa1\u683c\u3067\u58f2\u8cb7\u3067\u304d\u308b\u6a29\u5229\uff09\u8cfc\u5165\u306a\u3069\u3001\u5909\u52d5\u306e\u62e1\u5927\u3092\u5229\u76ca\u6a5f\u4f1a\u306b\u3059\u308b\u6226\u7565\u304c\u610f\u8b58\u3055\u308c\u3084\u3059\u3044\u3002\u6c34\u66dc\u65e5\u306e20\u5e74\u50b5\u5165\u672d\u306f\u3001\u5229\u56de\u308a\u304c\u9ad8\u3044\u65b0\u3057\u3044\u6c34\u6e96\u3067\u6295\u8cc7\u5bb6\u306e\u9700\u8981\u304c\u3069\u306e\u7a0b\u5ea6\u3042\u308b\u304b\u3092\u6e2c\u308b\u91cd\u8981\u306a\u8a66\u91d1\u77f3\u3068\u306a\u308b\u3002<\/p>\n

\u3053\u306e\u5c40\u9762\u306f\u7c73\u30c9\u30eb\u306b\u8ffd\u3044\u98a8\u3068\u306a\u308a\u3084\u3059\u3044\u3002\u91d1\u5229\u304c\u9ad8\u3044\u307b\u3069\u904b\u7528\u5229\u56de\u308a\u304c\u9b45\u529b\u3068\u306a\u308a\u3001\u6d77\u5916\u8cc7\u91d1\u304c\u6d41\u5165\u3057\u3084\u3059\u3044\u305f\u3081\u3060\u3002\u7279\u306b\u65e5\u672c\u306e\u3088\u3046\u306b\u30cf\u30c8\u6d3e\uff08\u91d1\u878d\u7de9\u548c\u306b\u524d\u5411\u304d\uff09\u3068\u307f\u3089\u308c\u3084\u3059\u3044\u4e2d\u592e\u9280\u884c\u306e\u901a\u8ca8\u306b\u5bfe\u3057\u3066\u3001\u30c9\u30eb\u9ad8\u57fa\u8abf\u304c\u7d9a\u304f\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u305d\u306e\u305f\u3081\u3001\u30c9\u30eb\u5186\u3067\u30c9\u30eb\u8cb7\u3044\uff08\u5186\u58f2\u308a\uff09\u65b9\u5411\u306e\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u30fb\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u3001\u4eca\u5f8c\u6570\u9031\u9593\u3067\u6ce8\u76ee\u3055\u308c\u5f97\u308b\u3002<\/p>\n

\u682a\u5f0f\u3067\u306f\u3001\u9ad8\u91d1\u5229\u306e\u9577\u671f\u5316\u306f\u3001\u5c06\u6765\u306e\u5229\u76ca\uff08\u9060\u3044\u5c06\u6765\u306e\u53ce\u76ca\uff09\u3078\u306e\u671f\u5f85\u3067\u682a\u4fa1\u304c\u5de6\u53f3\u3055\u308c\u3084\u3059\u3044\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u682a\u3084\u6210\u9577\u682a\u306b\u3068\u3063\u3066\u9006\u98a8\u3068\u306a\u308b\u3002\u6295\u8cc7\u5bb6\u306f\u3001\u30cf\u30a4\u30c6\u30af\u6bd4\u7387\u306e\u9ad8\u3044\u682a\u4fa1\u6307\u6570\u306b\u5bfe\u3059\u308b\u30d7\u30c3\u30c8\u30fb\u30aa\u30d7\u30b7\u30e7\u30f3\uff08\u4e00\u5b9a\u4fa1\u683c\u3067\u58f2\u308b\u6a29\u5229\uff09\u306e\u8cfc\u5165\u306a\u3069\u3067\u3001\u4fdd\u6709\u682a\u306e\u4e0b\u843d\u30ea\u30b9\u30af\u3092\u6291\u3048\u308b\uff08\u30d8\u30c3\u30b8\u3059\u308b\uff09\u9078\u629e\u80a2\u304c\u3042\u308b\u3002\u4eca\u9031\u306eFRB\u8b70\u4e8b\u8981\u65e8\u306f\u3001\u59d4\u54e1\u306e\u9593\u3067\u30bf\u30ab\u6d3e\u306e\u8b70\u8ad6\u304c\u5f37\u3044\u3053\u3068\u304c\u78ba\u8a8d\u3055\u308c\u308c\u3070\u3001\u91d1\u5229\u306b\u654f\u611f\u306a\u9298\u67c4\u306e\u8ffd\u52a0\u4e0b\u843d\u3092\u62db\u304f\u53ef\u80fd\u6027\u304c\u3042\u308a\u3001\u6ce8\u8996\u3055\u308c\u308b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

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