{"id":50516,"date":"2026-07-06T10:15:08","date_gmt":"2026-07-06T10:15:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/jp-asia\/uncategorized\/50516\/"},"modified":"2026-07-06T10:15:08","modified_gmt":"2026-07-06T10:15:08","slug":"%e7%b1%b310%e5%b9%b4%e5%82%b5%e5%88%a9%e5%9b%9e%e3%82%8a%e3%80%81fomc%e8%ad%b0%e4%ba%8b%e8%a6%81%e6%97%a8%e5%85%ac%e8%a1%a8%e3%82%92%e5%89%8d%e3%81%ab%e5%b0%8f%e5%b9%85%e4%bd%8e%e4%b8%8b","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/analysis\/50516\/","title":{"rendered":"\u7c7310\u5e74\u50b5\u5229\u56de\u308a\u3001FOMC\u8b70\u4e8b\u8981\u65e8\u516c\u8868\u3092\u524d\u306b\u5c0f\u5e45\u4f4e\u4e0b"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/10Y-US-Treasury-2-r-1-1024x558.webp\" alt=\"\" class=\"wp-image-61115\"\/><\/figure>\n\n\n\n<p><strong>\u8981\u70b9<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u7c7310\u5e74\u56fd\u50b5\u5229\u56de\u308a\uff08\u7c73\u56fd\u653f\u5e9c\u304c10\u5e74\u3067\u8fd4\u3059\u56fd\u50b5\u306e\u5229\u56de\u308a\uff09\u306f\u3001\u5148\u90314.50%\u306b\u63a5\u8fd1\u3057\u305f\u5f8c\u30014.47%\u8fd1\u8fba\u307e\u3067\u4f4e\u4e0b\u3057\u305f\u3002<\/li>\n\n\n\n<li>6\u6708\u306e\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\uff08\u8fb2\u696d\u3092\u9664\u304f\u5c31\u696d\u8005\u306e\u5897\u6e1b\uff09\u306f+5.7\u4e07\u4eba\u3068\u3001\u5e02\u5834\u4e88\u60f3\uff08+11.0\u4e07\u4eba\uff09\u3092\u4e0b\u56de\u3063\u305f\u3002<\/li>\n\n\n\n<li>4\u6708\u30fb5\u6708\u5206\u306f\u5408\u8a08\u30677.4\u4e07\u4eba\u4e0b\u65b9\u4fee\u6b63\u3055\u308c\u305f\u3002<\/li>\n\n\n\n<li>\u96c7\u7528\u6307\u6a19\u306e\u5f31\u3055\u3067\u3001\u7c73\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08FRB\uff1a\u7c73\u56fd\u306e\u4e2d\u592e\u9280\u884c\uff09\u304c\u8fd1\u304f\u8ffd\u52a0\u5229\u4e0a\u3052\u3059\u308b\u3068\u306e\u898b\u65b9\u304c\u5f8c\u9000\u3057\u305f\u3002<\/li>\n\n\n\n<li>\u539f\u6cb9\u5b89\u3067\u3001\u3053\u308c\u307e\u3067\u5229\u56de\u308a\u4e0a\u6607\u3092\u652f\u3048\u3066\u3044\u305f\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u304c\u3084\u3084\u548c\u3089\u3044\u3060\u3002<\/li>\n\n\n\n<li>\u7c7310\u5e74\u91d1\u5229\u306e\u65e5\u8db3\u3067\u306f\u3001\u5f53\u9762\u306e\u4e0b\u5024\u30e1\u30c9\u306f4.44%\u8fd1\u8fba\u3001\u4e0a\u5024\u306e\u6700\u521d\u306e\u58c1\u306f4.48%\u301c4.50%\u3002<\/li>\n<\/ul>\n\n\n\n<p>\u7c7310\u5e74\u56fd\u50b5\u5229\u56de\u308a\u306f\u9031\u660e\u3051\u6708\u66dc\u3001\u5f31\u3081\u306e\u96c7\u7528\u7d71\u8a08\u3092\u898b\u6975\u3081\u3064\u3064\u3001FRB\u306e6\u6708\u4f1a\u5408\u8b70\u4e8b\u8981\u65e8\u306e\u516c\u8868\u3092\u63a7\u3048\u308b\u4e2d\u3067\u4f4e\u4e0b\u3057\u305f\u3002<\/p>\n\n\n\n<p>\u7c7310\u5e74\u91d1\u5229\u306f4.47%\u8fd1\u8fba\u3078\u4e0b\u3052\u3001\u76f4\u8fd1\u306e\u4e0a\u6607\u5206\u3092\u4e00\u90e8\u5410\u304d\u51fa\u3057\u305f\u3002\u4e00\u822c\u306b\u56fd\u50b5\u4fa1\u683c\u3068\u5229\u56de\u308a\u306f\u9006\u306b\u52d5\u304f\u305f\u3081\u3001\u5229\u56de\u308a\u4f4e\u4e0b\u306f10\u5e74\u56fd\u50b5\u306b\u8cb7\u3044\u304c\u5165\u3063\u305f\u3053\u3068\u3092\u793a\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Treasuries rallied after a weaker-than-expected jobs report prompted traders to scale back expectations that the Federal Reserve will raise interest rates in the coming months <a href=\"https:\/\/t.co\/Citg9ZByB8\">https:\/\/t.co\/Citg9ZByB8<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/x.com\/business\/status\/2072664122957693197?ref_src=twsrc%5Etfw\">July 2, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u3053\u306e\u52d5\u304d\u306f\u30016\u6708\u306e\u96c7\u7528\u7d71\u8a08\u3092\u53d7\u3051\u305f\u7c73\u56fd\u50b5\u5e02\u5834\u306e\u53cd\u5fdc\u304c\u7d9a\u3044\u305f\u5f62\u3060\u3002\u975e\u8fb2\u696d\u90e8\u9580\u96c7\u7528\u8005\u6570\u306f+5.7\u4e07\u4eba\u3067\u3001\u5e02\u5834\u4e88\u60f3\u306e+11.0\u4e07\u4eba\u3092\u4e0b\u56de\u3063\u305f\u30024\u6708\u30685\u6708\u3082\u5408\u8a08\u30677.4\u4e07\u4eba\u4e0b\u65b9\u4fee\u6b63\u3055\u308c\u305f\u3002<\/p>\n\n\n\n<p>\u5931\u696d\u7387\uff08\u50cd\u304d\u305f\u3044\u4eba\u306e\u3046\u3061\u8077\u304c\u306a\u3044\u4eba\u306e\u5272\u5408\uff09\u306f4.2%\u3078\u5c0f\u5e45\u306b\u4f4e\u4e0b\u3057\u305f\u4e00\u65b9\u3001\u52b4\u50cd\u53c2\u52a0\u7387\uff08\u50cd\u304f\u610f\u601d\u304c\u3042\u308b\u4eba\u306e\u6bd4\u7387\uff09\u306f61.5%\u3078\u4f4e\u4e0b\u3057\u305f\u3002\u5931\u696d\u7387\u306e\u4f4e\u4e0b\u306f\u3001\u96c7\u7528\u304c\u5f37\u3044\u3068\u3044\u3046\u3088\u308a\u3001\u52b4\u50cd\u5e02\u5834\u304b\u3089\u96e2\u308c\u308b\u4eba\u304c\u5897\u3048\u305f\u5f71\u97ff\u3082\u3042\u308b\u3053\u3068\u3092\u793a\u5506\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u96c7\u7528\u306e\u5f31\u3055\u306f\u3001FRB\u304c\u8ffd\u52a0\u306e\u91d1\u878d\u5f15\u304d\u7de0\u3081\uff08\u5229\u4e0a\u3052\u306a\u3069\u3067\u666f\u6c17\u3092\u51b7\u307e\u3059\u653f\u7b56\uff09\u3092\u6025\u304c\u305a\u3001\u30a4\u30f3\u30d5\u30ec\uff08\u7269\u4fa1\u306e\u4e0a\u6607\uff09\u306e\u72b6\u6cc1\u3092\u898b\u6975\u3081\u308b\u4f59\u5730\u3092\u5e83\u3052\u305f\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The US economy added just 57,000 jobs in June, far fewer than forecast. Joachim Klement of Panmure Liberum tells Reuters that gives the Fed time to see how inflation plays out, and he doesn&#39;t believe there will be a rate hike this year at all <a href=\"https:\/\/t.co\/noQtCGGYhi\">https:\/\/t.co\/noQtCGGYhi<\/a> <a href=\"https:\/\/t.co\/dG3Zul70LZ\">pic.twitter.com\/dG3Zul70LZ<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/x.com\/Reuters\/status\/2073034020498424286?ref_src=twsrc%5Etfw\">July 3, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u5e74\u5185\u306e\u8ffd\u52a0\u5229\u4e0a\u3052\u56de\u907f\u3068\u3044\u3046\u898b\u65b9\u306f\u3001\u78ba\u5b9a\u3057\u305f\u65b9\u91dd\u3067\u306f\u306a\u304f\u5e02\u5834\u53c2\u52a0\u8005\u306e\u8a55\u4fa1\u306b\u3059\u304e\u306a\u3044\u3002\u305f\u3060\u3001\u5f31\u3044\u96c7\u7528\u30c7\u30fc\u30bf\u3092\u53d7\u3051\u3001\u65e9\u671f\u306e\u8ffd\u52a0\u5229\u4e0a\u3052\u89b3\u6e2c\u306f\u5f8c\u9000\u3057\u3001\u56fd\u50b5\u4fa1\u683c\u306e\u652f\u3048\u3068\u306a\u3063\u3066\u5229\u56de\u308a\u306b\u4e0b\u62bc\u3057\u5727\u529b\u304c\u304b\u304b\u3063\u305f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6ce8\u76ee\u3055\u308c\u308b\u7406\u7531<\/h2>\n\n\n\n<p>\u7c7310\u5e74\u56fd\u50b5\u5229\u56de\u308a\u306f\u3001\u4e2d\u9577\u671f\u306e\u666f\u6c17\u3001\u30a4\u30f3\u30d5\u30ec\u3001FRB\u306e\u653f\u7b56\u898b\u901a\u3057\u3092\u6620\u3059\u6307\u6a19\u3068\u3057\u3066\u5e02\u5834\u306e\u6ce8\u76ee\u5ea6\u304c\u9ad8\u3044\u3002<\/p>\n\n\n\n<p>\u8db3\u5143\u3067\u306f\u3001\u96c7\u7528\u306e\u6e1b\u901f\u3068\u6839\u5f37\u3044\u30a4\u30f3\u30d5\u30ec\u61f8\u5ff5\u3092\u5929\u79e4\u306b\u304b\u3051\u308b\u5c40\u9762\u306b\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u63a1\u7528\u306e\u920d\u5316\u306f\u3001\u8fd1\u3044\u5c06\u6765\u306e\u8ffd\u52a0\u5229\u4e0a\u3052\u306e\u5fc5\u8981\u6027\u3092\u4e0b\u3052\u308b\u3002\u4e00\u65b9\u3067FRB\u306f\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u3092\u91cd\u8996\u3057\u3066\u304a\u308a\u3001\u8ffd\u52a0\u306e\u653f\u7b56\u5bfe\u5fdc\u3092\u5426\u5b9a\u3057\u3066\u3044\u306a\u3044\u3002<\/p>\n\n\n\n<p>FRB\u306f6\u670816\u301c17\u65e5\u306e\u4f1a\u5408\u3067\u3001\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30c9\uff08FF\uff09\u91d1\u5229\u306e\u8a98\u5c0e\u76ee\u6a19\u30ec\u30f3\u30b8\uff08\u653f\u7b56\u91d1\u5229\u306e\u76ee\u6a19\u5e45\uff09\u3092<a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260617a.htm\">3.50%\u301c3.75%<\/a>\u306b\u636e\u3048\u7f6e\u3044\u305f\u3002<\/p>\n\n\n\n<p>\u8fd1\u304f\u516c\u8868\u3055\u308c\u308bFOMC\u8b70\u4e8b\u8981\u65e8\uff08\u7c73\u9023\u90a6\u516c\u958b\u5e02\u5834\u59d4\u54e1\u4f1a\u306e\u4f1a\u5408\u306e\u8b70\u8ad6\u5185\u5bb9\uff09\u306f\u3001\u7269\u4fa1\u3001\u96c7\u7528\u3001\u8ffd\u52a0\u5f15\u304d\u7de0\u3081\u306e\u5fc5\u8981\u6027\u3092\u653f\u7b56\u62c5\u5f53\u8005\u304c\u3069\u3046\u898b\u305f\u304b\u3001\u3088\u308a\u8a73\u3057\u3044\u624b\u639b\u304b\u308a\u306b\u306a\u308a\u5f97\u308b\u3002<\/p>\n\n\n\n<p>\u305d\u306e\u305f\u3081\u7c7310\u5e74\u91d1\u5229\u306f\u3001\u8b70\u4e8b\u8981\u65e8\u306e\u524d\u5f8c\u3067\u91d1\u5229\u898b\u901a\u3057\u306e\u5909\u5316\u306b\u53cd\u5fdc\u3057\u3084\u3059\u3044\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u91cd\u8981\u306a\u5229\u56de\u308a\u6c34\u6e96<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/10Y-US-Treasury.webp\" alt=\"\" class=\"wp-image-61118\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u5229\u56de\u308a\u6c34\u6e96<\/strong><\/td><td><strong>\u6ce8\u76ee\u70b9<\/strong><\/td><\/tr><tr><td>4.56%<\/td><td>6\u6708\u9ad8\u5024\u570f\u306e\u4e0a\u5024\u62b5\u6297\uff08\u4e0a\u304c\u308a\u306b\u304f\u3044\u6c34\u6e96\uff09<\/td><\/tr><tr><td>4.52%<\/td><td>\u73fe\u884c\u30ec\u30f3\u30b8\u4e0a\u629c\u3051\u5f8c\u306e\u6b21\u306e\u4e0a\u5024\u62b5\u6297<\/td><\/tr><tr><td>4.50%<\/td><td>\u7bc0\u76ee\uff08\u5fc3\u7406\u7684\u306b\u610f\u8b58\u3055\u308c\u3084\u3059\u3044\uff09\u304b\u3064\u30c6\u30af\u30cb\u30ab\u30eb\u4e0a\u306e\u4e0a\u5024\u62b5\u6297<\/td><\/tr><tr><td>4.48%<\/td><td>\u76f4\u8fd1\u9ad8\u5024\u8fd1\u8fba\u306e\u76ee\u5148\u306e\u4e0a\u5024\u62b5\u6297<\/td><\/tr><tr><td>4.47%<\/td><td>\u73fe\u5728\u306e\u6c34\u6e96<\/td><\/tr><tr><td>4.44%<\/td><td>\u76ee\u5148\u306e\u4e0b\u5024\u652f\u6301\uff08\u4e0b\u3052\u6b62\u307e\u308a\u3084\u3059\u3044\u6c34\u6e96\uff09<\/td><\/tr><tr><td>4.40%<\/td><td>\u7bc0\u76ee\u304b\u3064\u30c6\u30af\u30cb\u30ab\u30eb\u4e0a\u306e\u4e0b\u5024\u652f\u6301<\/td><\/tr><tr><td>4.36%<\/td><td>\u76f4\u8fd1\u306e\u5b89\u5024\uff08\u30b9\u30a4\u30f3\u30b0\u30ed\u30fc\uff1a\u77ed\u671f\u306e\u623b\u308a\u3092\u4f34\u3046\u5b89\u5024\uff09\u3068\u4e0b\u5024\u306e\u76ee\u5b89<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u65e5\u8db3\u3067\u306f\u3001\u7c7310\u5e74\u91d1\u5229\u306f6\u6708\u4e0b\u65ec\u306e\u5b89\u50244.36%\u8fd1\u8fba\u304b\u3089\u53cd\u767a\u3057\u3001\u8db3\u5143\u306f4.465%\u8fd1\u8fba\u3002\u305f\u3060\u3057\u623b\u308a\u306f4.48%\u301c4.50%\u306e\u4e0a\u5024\u62b5\u6297\u306e\u624b\u524d\u3067\u4e00\u670d\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>4.48%\u3092\u660e\u78ba\u306b\u4e0a\u56de\u308c\u3070\u30014.50%\u304c\u518d\u3073\u7126\u70b9\u306b\u306a\u308a\u3084\u3059\u3044\u3002\u305f\u3060\u3001\u4e0a\u6607\u304c\u7d9a\u304f\u306b\u306f4.50%\u3092\u4e0a\u629c\u3051\u3001\u305d\u306e\u6c34\u6e96\u3092\u7dad\u6301\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>4.50%\u3092\u8d85\u3048\u3066\u5b9a\u7740\u3059\u308c\u3070\u3001\u6b21\u306f4.52%\u3001\u3055\u3089\u306b4.56%\u8fd1\u8fba\u304c\u610f\u8b58\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<p>\u4e0b\u65b9\u5411\u3067\u306f\u3001\u307e\u305a4.44%\u304c\u76ee\u5148\u306e\u4e0b\u5024\u652f\u6301\u3002\u3053\u3053\u3092\u5272\u308a\u8fbc\u3080\u3068\u3001\u7bc0\u76ee\u306e4.40%\u304c\u8996\u91ce\u306b\u5165\u308b\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e0a\u6607\u30fb\u4e0b\u843d\u306e\u60f3\u5b9a\u30b7\u30ca\u30ea\u30aa<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>\u30b7\u30ca\u30ea\u30aa<\/strong><\/td><td><strong>\u304d\u3063\u304b\u3051<\/strong><\/td><td><strong>\u5e02\u5834\u306e\u53cd\u5fdc\uff08\u60f3\u5b9a\uff09<\/strong><\/td><\/tr><tr><td>\u5229\u56de\u308a\u6301\u3061\u76f4\u3057<\/td><td>4.48%\u3092\u4e0a\u56de\u308b<\/td><td>4.50%\u3092\u518d\u5ea6\u8a66\u3057\u3084\u3059\u3044<\/td><\/tr><tr><td>\u5229\u56de\u308a\u4e0a\u653e\u308c<\/td><td>4.50%\u3092\u4e0a\u629c\u3051<\/td><td>4.52%\u301c4.56%\u304c\u610f\u8b58\u3055\u308c\u308b<\/td><\/tr><tr><td>\u30ec\u30f3\u30b8\u76f8\u5834<\/td><td>4.44%\u301c4.50%\u306b\u3068\u3069\u307e\u308b<\/td><td>\u5e02\u5834\u306fFRB\u306e\u624b\u639b\u304b\u308a\u5f85\u3061\u306b\u306a\u308a\u3084\u3059\u3044<\/td><\/tr><tr><td>\u5229\u56de\u308a\u4f4e\u4e0b<\/td><td>4.44%\u3092\u4e0b\u629c\u3051<\/td><td>4.40%\u3078\u4f4e\u4e0b\u3057\u3084\u3059\u3044<\/td><\/tr><tr><td>\u4e0b\u843d\u52a0\u901f<\/td><td>4.40%\u3092\u4e0b\u56de\u308b<\/td><td>4.36%\u8fd1\u8fba\u307e\u3067\u4e0b\u3052\u304c\u5e83\u304c\u308b\u53ef\u80fd\u6027<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u5229\u56de\u308a\u4e0a\u6607\u30b7\u30ca\u30ea\u30aa\u306f\u30014.48%\u8d85\u3048\u306b\u52a0\u3048\u30014.50%\u3092\u660e\u78ba\u306b\u4e0a\u629c\u3051\u3066\u5b9a\u7740\u3067\u304d\u308b\u304b\u304c\u7126\u70b9\u3068\u306a\u308b\u3002\u653f\u7b56\u91d1\u5229\u304c\u3055\u3089\u306b\u4e0a\u304c\u308b\u3001\u307e\u305f\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u9577\u5f15\u304f\u3068\u306e\u898b\u65b9\u304c\u5f37\u307e\u308b\u5834\u5408\u306b\u8d77\u304d\u3084\u3059\u3044\u3002<\/p>\n\n\n\n<p>\u4e00\u6bb5\u306e\u4e0a\u6607\u306b\u306f4.52%\u306e\u4e0a\u629c\u3051\u304c\u5fc5\u8981\u3067\u3001\u9054\u6210\u3059\u308c\u30704.56%\u8fd1\u8fba\u307e\u3067\u8996\u91ce\u304c\u5e83\u304c\u308b\u3002<\/p>\n\n\n\n<p>\u4e2d\u7acb\u30b7\u30ca\u30ea\u30aa\u306f4.44%\u301c4.50%\u306e\u3082\u307f\u5408\u3044\u3002FOMC\u8b70\u4e8b\u8981\u65e8\u3084\u56fd\u50b5\u5165\u672d\uff08\u8ca1\u52d9\u7701\u304c\u56fd\u50b5\u3092\u8ca9\u58f2\u3057\u6295\u8cc7\u5bb6\u9700\u8981\u3092\u6e2c\u308b\u30a4\u30d9\u30f3\u30c8\uff09\u3092\u898b\u6975\u3081\u308b\u307e\u3067\u3001\u65b9\u5411\u611f\u304c\u51fa\u306b\u304f\u3044\u3053\u3068\u3092\u793a\u3059\u3002<\/p>\n\n\n\n<p>\u5229\u56de\u308a\u4f4e\u4e0b\u30b7\u30ca\u30ea\u30aa\u306f\u30014.44%\u5272\u308c\u3067\u5f37\u307e\u308a\u3084\u3059\u3044\u3002\u5272\u308c\u304c\u78ba\u8a8d\u3055\u308c\u308c\u30704.40%\u304c\u7126\u70b9\u30024.40%\u3082\u5272\u308c\u308b\u3068\u3001\u76f4\u8fd1\u5b89\u5024\u306e4.36%\u8fd1\u8fba\u3092\u8a66\u3059\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5229\u56de\u308a\u4f4e\u4e0b\u306f\u56fd\u50b5\u4fa1\u683c\u306e\u4e0a\u6607\u8981\u56e0\u306b\u306a\u308a\u3084\u3059\u304f\u3001\u5229\u56de\u308a\u4e0a\u6607\u306f\u56fd\u50b5\u4fa1\u683c\u306e\u4e0b\u62bc\u3057\u8981\u56e0\u306b\u306a\u308a\u3084\u3059\u3044\u3002<\/p>\n\n\n\n<p><em>\u514d\u8cac\u4e8b\u9805<\/em><\/p>\n\n\n\n<p><em>\u4e0a\u8a18\u306e\u4fa1\u683c\u6c34\u6e96\u3084\u30b7\u30ca\u30ea\u30aa\u306f\u57f7\u7b46\u6642\u70b9\u306e\u7b46\u8005\u898b\u89e3\u3067\u3042\u308a\u3001\u6295\u8cc7\u52a9\u8a00\u3067\u306f\u306a\u3044\u3002\u53d6\u5f15\u306b\u3042\u305f\u3063\u3066\u306f\u81ea\u8eab\u3067\u691c\u8a0e\u3057\u3001\u30ea\u30b9\u30af\u7ba1\u7406\u3092\u5fb9\u5e95\u3057\u305f\u3044\u3002<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6b21\u306e\u6ce8\u76ee\u6750\u6599<\/h2>\n\n\n\n<p>\u6700\u5927\u306e\u6750\u6599\u306f\u3001FRB\u306e<strong>6\u670816\u301c17\u65e5<\/strong>\u4f1a\u5408\u306e\u8b70\u4e8b\u8981\u65e8\u3067\u3001<strong>7\u67088\u65e5\uff08\u6c34\uff09<\/strong>\u306b\u516c\u8868\u4e88\u5b9a\u3002<\/p>\n\n\n\n<p>\u5e02\u5834\u304c\u78ba\u8a8d\u3057\u305f\u3044\u70b9\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8ffd\u52a0\u5229\u4e0a\u3052\u3092\u652f\u6301\u3059\u308b\u610f\u898b\u304c\u3069\u306e\u7a0b\u5ea6\u3042\u3063\u305f\u304b<\/li>\n\n\n\n<li>\u30a4\u30f3\u30d5\u30ec\u304c\u7d9a\u304f\u3053\u3068\u3078\u306e\u8b66\u6212\u611f\u306e\u5f37\u3055<\/li>\n\n\n\n<li>\u96c7\u7528\u306e\u4f38\u3073\u920d\u5316\u3092\u8b70\u8ad6\u3057\u305f\u304b<\/li>\n\n\n\n<li>\u3069\u306e\u3088\u3046\u306a\u7d4c\u6e08\u6761\u4ef6\u3067\u653f\u7b56\u59ff\u52e2\u304c\u5909\u308f\u308a\u5f97\u308b\u304b<\/li>\n\n\n\n<li>\u7269\u4fa1\u30ea\u30b9\u30af\u3068\u96c7\u7528\u30ea\u30b9\u30af\u306e\u30d0\u30e9\u30f3\u30b9\u3092\u3069\u3046\u8a55\u4fa1\u3057\u305f\u304b<\/li>\n<\/ul>\n\n\n\n<p>\u8b70\u4e8b\u8981\u65e8\u306e\u8868\u73fe\u6b21\u7b2c\u3067\u3001\u7c7310\u5e74\u91d1\u5229\u304c4.50%\u3092\u4e0a\u629c\u3051\u3089\u308c\u306a\u3044\u306e\u304b\u3001\u518d\u3073\u4e0a\u6607\u57fa\u8abf\u306b\u623b\u308b\u306e\u304b\u304c\u5de6\u53f3\u3055\u308c\u3084\u3059\u3044\u3002<\/p>\n\n\n\n<p>\u56fd\u50b5\u5165\u672d\u3082\u6295\u8cc7\u5bb6\u9700\u8981\u3092\u6e2c\u308b\u6750\u6599\u306b\u306a\u308b\u300210\u5e74\u50b5\u306830\u5e74\u50b5\u306e\u5165\u672d\u7d50\u679c\u306f\u3001\u73fe\u884c\u5229\u56de\u308a\u3067\u9577\u671f\u306e\u56fd\u50b5\u3092\u8cb7\u3046\u9700\u8981\u304c\u3069\u306e\u7a0b\u5ea6\u3042\u308b\u304b\u3092\u6620\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The US bond market faces a test of investor demand for longer-dated maturities, with auctions of 10- and 30-year Treasuries highlighting an otherwise light week <a href=\"https:\/\/t.co\/1YfgUxRNTh\">https:\/\/t.co\/1YfgUxRNTh<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/x.com\/business\/status\/2073894950693998769?ref_src=twsrc%5Etfw\">July 5, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u5165\u672d\u304c\u5f37\u3051\u308c\u3070\u5229\u56de\u308a\u4e0a\u6607\u306f\u6291\u3048\u3089\u308c\u3084\u3059\u3044\u4e00\u65b9\u3001\u9700\u8981\u304c\u5f31\u3051\u308c\u3070\u5229\u56de\u308a\u306b\u4e0a\u6607\u5727\u529b\u304c\u304b\u304b\u308a\u3084\u3059\u3044\u3002<\/p>\n\n\n\n<p>\u8b70\u4e8b\u8981\u65e8\u3068\u5165\u672d\u306b\u52a0\u3048\u3001\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\u3001\u9031\u6b21\u306e\u65b0\u898f\u5931\u696d\u4fdd\u967a\u7533\u8acb\u4ef6\u6570\uff08\u5931\u696d\u7d66\u4ed8\u306e\u65b0\u898f\u7533\u8acb\u6570\u3067\u96c7\u7528\u306e\u5148\u884c\u6307\u6a19\uff09\u3001FRB\u95a2\u4fc2\u8005\u306e\u767a\u8a00\u3092\u8ffd\u3046\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u5f53\u9762\u306e\u77ed\u671f\u30ec\u30f3\u30b8\u306f4.44%\u301c4.50%\u30024.50%\u3092\u660e\u78ba\u306b\u4e0a\u629c\u3051\u308c\u30704.52%\u30844.56%\u304c\u7126\u70b9\u3068\u306a\u308a\u30014.44%\u3092\u5272\u308a\u8fbc\u3081\u30704.40%\u304c\u610f\u8b58\u3055\u308c\u308b\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">\u3088\u304f\u3042\u308b\u8cea\u554f<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\u7c7310\u5e74\u56fd\u50b5\u5229\u56de\u308a\u306f\u306a\u305c\u4f4e\u4e0b\u3057\u305f\u306e\u304b\u3002<\/h3>\n\n\n\n<p>6\u6708\u306e\u96c7\u7528\u8005\u6570\u306e\u4f38\u3073\u304c+5.7\u4e07\u4eba\u306b\u920d\u5316\u3057\u3001\u904e\u53bb2\u30ab\u6708\u5206\u3082\u4e0b\u65b9\u4fee\u6b63\u3055\u308c\u305f\u305f\u3081\u3002FRB\u304c\u8fd1\u304f\u8ffd\u52a0\u3067\u5229\u4e0a\u3052\u3059\u308b\u5fc5\u8981\u6027\u304c\u4e0b\u304c\u308b\u3068\u306e\u898b\u65b9\u304c\u5e83\u304c\u3063\u305f\u3002<\/p>\n\n\n\n<h3 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