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G10\u306e\u4e2d\u9280\u65e5\u7a0b\u3067\u306f\u4eca\u6708\u3001RBNZ\uff08\u30cb\u30e5\u30fc\u30b8\u30fc\u30e9\u30f3\u30c9\u6e96\u5099\u9280\u884c\uff09\u3092\u9664\u304f9\u4e2d\u9280\u304c\u4f1a\u5408\u3092\u4e88\u5b9a\u3057\u3066\u3044\u308b\u3002OIS\uff08\u7fcc\u65e5\u7269\u91d1\u5229\u30b9\u30ef\u30c3\u30d7\uff09\u306e\u30d7\u30e9\u30a4\u30b7\u30f3\u30b0\u3067\u306f\u3001ECB\u3068\u65e5\u9280\uff08BoJ\uff09\u304c\u300c\u52d5\u304f\u300d\u53ef\u80fd\u6027\u304c\u76f8\u5bfe\u7684\u306b\u9ad8\u3044\u3068\u307f\u3089\u308c\u3066\u3044\u308b\u4e00\u65b9\u3001\u4e2d\u6771\u60c5\u52e2\u306b\u7d61\u3080\u4e0d\u78ba\u5b9f\u6027\u306f\u7d9a\u3044\u3066\u3044\u308b\u3002\u76f4\u8fd1\u306e\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\u304b\u3089\u306f\u3001\u660e\u65e5\u767a\u8868\u4e88\u5b9a\u306e\u30e6\u30fc\u30ed\u570fCPI\uff08\u524d\u5e74\u6bd4\uff09\u304c3.0\uff05\u304b\u30893.2\uff05\u3078\u4e0a\u632f\u308c\u3059\u308b\u898b\u901a\u3057\u3067\u3001\u5e02\u5834\u4e88\u60f3\u306fMUFG\u306e\u63a8\u8a08\u3068\u3082\u4e00\u81f4\u3059\u308b\u3002\u60f3\u5b9a\u3055\u308c\u308b\u6c7a\u5b9a\u306f\u6982\u306d\u7e54\u308a\u8fbc\u307f\u6e08\u307f\u3068\u3055\u308c\u3001\u30ac\u30a4\u30c0\u30f3\u30b9\u304c\u8ffd\u52a0\u5229\u4e0a\u3052\u306e\u4f59\u5730\u3092\u6b8b\u3059\u304b\u3069\u3046\u304b\u304c\u91cd\u8996\u3055\u308c\u308b\u3002<\/p>\n\n

ECB Rate Hike Expectations and Market Pricing<\/h3>\n\n

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\u6700\u65b0\u306e\u30a4\u30f3\u30d5\u30ec\u30c7\u30fc\u30bf\u306f\u3001\u3053\u3046\u3057\u305f\u5bfe\u5fdc\u3092\u307b\u307c\u78ba\u5b9f\u306b\u3057\u3066\u3044\u308b\u30022026\u5e745\u6708\u306e\u901f\u5831\u5024\u3067\u306f\u3001\u30e6\u30fc\u30ed\u570fCPI\u304c4\u6708\u306e2.7\uff05\u304b\u30892.9\uff05\u3078\u4e0a\u6607\u3057\u305f\u3002\u666f\u6c17\u304c\u6e1b\u901f\u3059\u308b\u4e2d\u3067\u3082\u30a4\u30f3\u30d5\u30ec\u306e\u7c98\u7740\u6027\u304c\u7d9a\u3044\u3066\u304a\u308a\u30012026\u5e741-3\u6708\u671f\u306eGDP\u6210\u9577\u7387\u30820.2\uff05\u3068\u4f4e\u8abf\u3060\u3063\u305f\u3002ECB\u306b\u3068\u3063\u3066\u96e3\u3057\u3044\u5c40\u9762\u3060\u304c\u3001\u5f53\u793e\u306f\u300c\u307e\u305a\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u300d\u3092\u512a\u5148\u3059\u308b\u3068\u8003\u3048\u308b\u3002<\/p>\n\n

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Market Volatility and Trading Strategies Around Forward Guidance<\/h3>\n\n

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\u540c\u69d8\u306e\u300c\u578b\u300d\u306f\u30012022\uff5e2023\u5e74\u306e\u6025\u901f\u306a\u5229\u4e0a\u3052\u5c40\u9762\u3067\u3082\u898b\u3089\u308c\u305f\u3002ECB\u304c\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u306b\u5411\u3051\u3066\u65ad\u56fa\u305f\u308b\u5bfe\u5fdc\u3092\u53d6\u3063\u305f\u5c40\u9762\u3067\u3042\u308b\u3002\u30d5\u30a9\u30ef\u30fc\u30c9\u30ac\u30a4\u30c0\u30f3\u30b9\u304c\u30bf\u30ab\u6d3e\u7684\u3067\u3001\u8ffd\u52a0\u5229\u4e0a\u3052\u306e\u7d99\u7d9a\u3092\u793a\u5506\u3059\u308b\u306a\u3089\u3001\u30e6\u30fc\u30ed\u9ad8\u306b\u3064\u306a\u304c\u308b\u53ef\u80fd\u6027\u304c\u9ad8\u3044\u3002\u3088\u308a\u30cf\u30c8\u6d3e\u7684\u306a\u4e2d\u9280\u3092\u62b1\u3048\u308b\u901a\u8ca8\u306b\u5bfe\u3059\u308b\u30e6\u30fc\u30ed\u30ed\u30f3\u30b0\u306f\u3001\u9b45\u529b\u7684\u306a\u30ad\u30e3\u30ea\u30fc\u30c8\u30ec\u30fc\u30c9\u3068\u306a\u308a\u5f97\u308b\u3002<\/p>\n\n\n

\u4eca\u3059\u3050\u53d6\u5f15\u3092\u59cb\u3081\u307e\u3057\u3087\u3046 \u2014 VT Markets\u306e\u30ea\u30a2\u30eb\u53e3\u5ea7\u3092\u958b\u8a2d\u3059\u308b\u306b\u306f\u3053\u3061\u3089<\/a>\u3092\u30af\u30ea\u30c3\u30af\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/b><\/p>","protected":false},"excerpt":{"rendered":"

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