{"id":2448,"date":"2026-06-25T18:23:29","date_gmt":"2026-06-25T09:23:29","guid":{"rendered":"https:\/\/woz.co.jp\/jpmedia\/?p=2448"},"modified":"2026-06-25T18:23:29","modified_gmt":"2026-06-25T09:23:29","slug":"tbt","status":"publish","type":"post","link":"https:\/\/woz.co.jp\/jpmedia\/tbt\/","title":{"rendered":"TBT\u3068\u306f\uff1f\u7c73\u56fd20\u5e74\u8d85\u50b5\u5238\u306e\u4e0b\u843d\u30922\u500d\u3067\u72d9\u3046\u30a4\u30f3\u30d0\u30fc\u30b9ETF\uff5c\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u306e\u8cb7\u3044\u65b9\u3092\u89e3\u8aac\u30102026\u5e74\u6700\u65b0\u3011"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>\u300c\u7c73\u56fd\u306e\u9577\u671f\u91d1\u5229\u304c\u4e0a\u304c\u308b\u5c40\u9762\u3092\u3001\u3082\u3063\u3068\u5927\u304d\u306a\u5024\u5e45\u3067\u53d6\u308a\u306b\u3044\u304d\u305f\u3044\u300d\u300cTBT\u304c\u6c17\u306b\u306a\u308b\u3051\u308c\u3069\u3001\u30ea\u30b9\u30af\u3084\u56fd\u5185\u3067\u8cb7\u3048\u308b\u306e\u304b\u304c\u3088\u304f\u308f\u304b\u3089\u306a\u3044\u300d<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u8a18\u4e8b\u3067\u306f\u3001\u305d\u3093\u306a\u6295\u8cc7\u4e2d\u7d1a\u8005\u301c\u4e0a\u7d1a\u8005\u306b\u5411\u3051\u3066\u3001<strong>ProShares UltraShort 20+ Year Treasury\uff08TBT\uff09<\/strong>\u306e\u7279\u5fb4\u30fb\u30ea\u30b9\u30af\u30fb\u56fd\u5185\u3067\u306e\u8cb7\u3044\u65b9\u3092\u89e3\u8aac\u3057\u307e\u3059\u3002TBT\u306f\u3001\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u306e\u6307\u6570\u306b\u5bfe\u3057\u3066-2\u500d\uff08\u65e5\u6b21\uff09\u306e\u5024\u52d5\u304d\u3092\u76ee\u6307\u3059\u3001\u30d9\u30a2\u578b\uff08\u30a4\u30f3\u30d0\u30fc\u30b9\u578b\uff09\u306eETF\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7c73\u56fd\u50b5\u306f\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068\u4fa1\u683c\u304c\u4e0b\u304c\u308b\u95a2\u4fc2\u306b\u3042\u308b\u305f\u3081\u3001TBT\u306f\u300c\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u300d\u30922\u500d\u3067\u53d6\u308a\u306b\u3044\u304f\u8a2d\u8a08\u3067\u3059\u3002\u4e00\u822c\u7684\u306aETF\u3068\u6bd4\u3079\u3066\u5024\u52d5\u304d\u304c\u5927\u304d\u304f\u3001\u77ed\u671f\u7684\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u72d9\u3044\u3084\u3059\u3044\u4e00\u65b9\u3067\u3001\u640d\u5931\u3082\u62e1\u5927\u3057\u3084\u3059\u3044\u5546\u54c1\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u300c\u4e0a\u304c\u308a\u305d\u3046\u3060\u304b\u3089\u8cb7\u3046\u300d\u3067\u306f\u306a\u304f\u3001\u91d1\u5229\u74b0\u5883\u30fb\u4fa1\u683c\u5909\u52d5\u306e\u5927\u304d\u3055\u30fb\u4fdd\u6709\u671f\u9593\u30fb\u6295\u8cc7\u984d\u3092\u7dcf\u5408\u7684\u306b\u8003\u3048\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-intext\"><div class=\"cap_box_ttl\"><span>\u3053\u306e\u8a18\u4e8b\u3067\u308f\u304b\u308b\u3053\u3068<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list is-style-check_list\">\n<li>TBT\u304c\u9023\u52d5\u3059\u308b\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u6307\u6570\u3068\u3001-2\u500d\u30d9\u30a2\u578b\u306e\u57fa\u672c\u69cb\u9020<\/li>\n\n\n\n<li>\u901a\u5e38ETF\uff08TLT\uff09\u3084\u540c\u65b9\u5411\u306eTMV\uff08-3\u500d\uff09\u30fb\u53cd\u5bfe\u65b9\u5411\u306eTMF\uff08+3\u500d\uff09\u3068\u306e\u9055\u3044<\/li>\n\n\n\n<li>\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u306e\u4f7f\u3044\u65b9\u30fb\u77ed\u671f\u30d8\u30c3\u30b8\u30fb\u30a4\u30d9\u30f3\u30c8\u6295\u8cc7\u3067\u306e\u6d3b\u7528<\/li>\n\n\n\n<li>\u9577\u671f\u4fdd\u6709\u3067\u6ce8\u610f\u3059\u3079\u304d\u6e1b\u4fa1\u30fb\u4e56\u96e2\u30ea\u30b9\u30af<\/li>\n\n\n\n<li>\u51fa\u6765\u9ad8\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9\u30fb\u7d4c\u8cbb\u7387\u30fb\u70ba\u66ff\u30ea\u30b9\u30af\u306e\u898b\u65b9<\/li>\n\n\n\n<li>TBT\u3092\u56fd\u5185\u3067\u8cb7\u3048\u308b\u304b\uff082026\u5e746\u6708\u6642\u70b9\u306e\u53d6\u6271\u72b6\u6cc1\uff09\u3068\u78ba\u8a8d\u306e\u30dd\u30a4\u30f3\u30c8<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n<p class=\"is-style-icon_caution is-style-icon_info wp-block-paragraph\"><span class=\"swl-fz u-fz-xs\">\u30ec\u30d0\u30ec\u30c3\u30b8\u578bETF\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9\u578bETF\u306f\u3001\u4e00\u822c\u7684\u306a\u30a4\u30f3\u30c7\u30c3\u30af\u30b9ETF\u3088\u308a\u3082\u4fa1\u683c\u5909\u52d5\u30ea\u30b9\u30af\u304c\u5927\u304d\u304f\u3001\u77ed\u671f\u9593\u3067\u5927\u304d\u306a\u640d\u5931\u304c\u767a\u751f\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u6295\u8cc7\u5224\u65ad\u306f\u3001\u5404ETF\u306e\u76ee\u8ad6\u898b\u66f8\u3001\u904b\u7528\u4f1a\u793e\u306e\u516c\u5f0f\u60c5\u5831\u3001\u5404\u8a3c\u5238\u4f1a\u793e\u306e\u53d6\u6271\u72b6\u6cc1\u30fb\u624b\u6570\u6599\u30fb\u70ba\u66ff\u30b3\u30b9\u30c8\u30fb\u30ea\u30b9\u30af\u8aac\u660e\u3092\u78ba\u8a8d\u3057\u305f\u3046\u3048\u3067\u3001\u3054\u81ea\u8eab\u306e\u8cac\u4efb\u3067\u884c\u3063\u3066\u304f\u3060\u3055\u3044\u3002<\/span><\/p>\n\n\n\n<h2 id=\"conclusion\" class=\"wp-block-heading\">\u7d50\u8ad6\uff1aTBT\u306f\u3069\u3093\u306aETF\u304b\u301030\u79d2\u3067\u308f\u304b\u308b\u65e9\u898b\u8868\u3011<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u7d50\u8ad6\u304b\u3089\u8a00\u3046\u3068\u3001TBT\u306f<span class=\"swl-marker mark_green\">\u7c73\u56fd\u306e\u9577\u671f\u91d1\u5229\u4e0a\u6607\u306b\u5bfe\u3057\u3066\u660e\u78ba\u306a\u76f8\u5834\u89b3\u3092\u6301\u3064\u4e2d\u4e0a\u7d1a\u8005\u5411\u3051\u306e\u30d9\u30a2\u578bETF<\/span>\u3067\u3059\u3002\u307e\u305a\u5168\u4f53\u50cf\u3092\u65e9\u898b\u8868\u3067\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-simple\"><table><tbody><tr><th>\u3072\u3068\u3053\u3068\u3067\u8a00\u3046\u3068<\/th><td>\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u6307\u6570\u306e-2\u500d\uff08\u65e5\u6b21\uff09\u306e\u5024\u52d5\u304d\u3092\u76ee\u6307\u3059\u30d9\u30a2\u578bETF\u3002\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068\u4e0a\u6607\u3057\u3084\u3059\u3044<\/td><\/tr><tr><th>\u5411\u3044\u3066\u3044\u308b\u4f7f\u3044\u65b9<\/th><td>\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u5c40\u9762\u3092\u72d9\u3046\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u30fb\u50b5\u5238\u4fdd\u6709\u306e\u91d1\u5229\u4e0a\u6607\u30d8\u30c3\u30b8\u30fb\u30a4\u30d9\u30f3\u30c8\u6295\u8cc7<\/td><\/tr><tr><th>\u5411\u3044\u3066\u3044\u306a\u3044\u4f7f\u3044\u65b9<\/th><td>\u9577\u671f\u306e\u7a4d\u7acb\u30fb\u653e\u7f6e\uff08\u6e1b\u4fa1\u30fb\u4e56\u96e2\u30ea\u30b9\u30af\u3042\u308a\uff09<\/td><\/tr><tr><th>\u6700\u5927\u306e\u6ce8\u610f\u70b9<\/th><td>\u65e5\u6b21\u30ea\u30bb\u30c3\u30c8\u578b\u306e\u305f\u3081\u30012\u55b6\u696d\u65e5\u4ee5\u4e0a\u306e\u4fdd\u6709\u3067\u306f-2\u500d\u3069\u304a\u308a\u306b\u52d5\u304b\u306a\u3044<\/td><\/tr><tr><th>\u8cb7\u3048\u308b\u4e3b\u306a\u8a3c\u5238\u4f1a\u793e<\/th><td>2026\u5e746\u6708\u6642\u70b9\u3067\u56fd\u5185\u30cd\u30c3\u30c8\u8a3c\u5238\u3067\u306e\u73fe\u7269\u53d6\u6271\u3092\u78ba\u8a8d\u3067\u304d\u305a\uff08\u8981\u78ba\u8a8d\u30fb<a href=\"#brokers\">\u8a73\u7d30\u306f\u3053\u3061\u3089<\/a>\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f\u3001\u7c73\u56fd\u306e\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3066\u56fd\u50b5\u4fa1\u683c\u304c\u4e0b\u843d\u3059\u308b\u5c40\u9762\u3067\u3001\u305d\u306e\u4e0b\u843d\u30922\u500d\u306e\u5024\u5e45\u3067\u5229\u76ca\u5316\u3057\u305f\u308a\u3001\u3059\u3067\u306b\u4fdd\u6709\u3057\u3066\u3044\u308b\u50b5\u5238\u30fb\u50b5\u5238\u30d5\u30a1\u30f3\u30c9\u306e\u91d1\u5229\u4e0a\u6607\u30ea\u30b9\u30af\u3092\u30d8\u30c3\u30b8\u3057\u305f\u308a\u3059\u308b\u76ee\u7684\u3067\u4f7f\u308f\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305f\u3060\u3057TBT\u306f\u901a\u5e38\u306e\u30a4\u30f3\u30c7\u30c3\u30af\u30b9ETF\u3068\u7570\u306a\u308a\u3001\u9577\u671f\u3067\u653e\u7f6e\u3059\u308b\u5546\u54c1\u3068\u3044\u3046\u3088\u308a\u3001\u77ed\u671f\u301c\u4e2d\u671f\u306e\u6226\u8853\u7684\u306a\u58f2\u8cb7\u306b\u4f7f\u308f\u308c\u308b\u3053\u3068\u304c\u591a\u3044ETF\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u7279\u306b\u91cd\u8981\u306a\u306e\u306f\u3001TBT\u304c<span class=\"swl-marker mark_orange\">\u300c\u5bfe\u8c61\u6307\u6570\u306e\u9577\u671f\u30ea\u30bf\u30fc\u30f3\u306b\u5bfe\u3057\u3066\u5e38\u306b-2\u500d\u306b\u306a\u308b\u5546\u54c1\u300d\u3067\u306f\u306a\u3044<\/span>\u3068\u3044\u3046\u70b9\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30ec\u30d0\u30ec\u30c3\u30b8ETF\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u306f\u57fa\u672c\u7684\u306b1\u65e5\u306e\u5024\u52d5\u304d\u306b\u5bfe\u3057\u3066\u500d\u7387\u3092\u76ee\u6307\u3059\u8a2d\u8a08\u306e\u305f\u3081\u30012\u55b6\u696d\u65e5\u4ee5\u4e0a\u4fdd\u6709\u3059\u308b\u3068\u3001\u65e5\u3005\u306e\u8907\u5229\u52b9\u679c\u3084\u4fa1\u683c\u5909\u52d5\u306e\u5927\u304d\u3055\u306e\u5f71\u97ff\u306b\u3088\u308a\u3001\u5bfe\u8c61\u6307\u6570\u306e\u7d2f\u7a4d\u30ea\u30bf\u30fc\u30f3\u306b\u5358\u7d14\u306b-2\u500d\u3092\u304b\u3051\u305f\u7d50\u679c\u3068\u306f\u30ba\u30ec\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u30ba\u30ec\u306f\u3001\u91d1\u5229\u304c\u4e00\u65b9\u5411\u306b\u5f37\u304f\u4e0a\u6607\u3057\u7d9a\u3051\u308b\u30c8\u30ec\u30f3\u30c9\u5c40\u9762\u3067\u306f\u6709\u5229\u306b\u50cd\u304f\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u91d1\u5229\u304c\u4e0a\u4e0b\u306b\u5927\u304d\u304f\u632f\u308c\u308b\u30dc\u30c3\u30af\u30b9\u76f8\u5834\u3067\u306f\u4e0d\u5229\u306b\u50cd\u304d\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u4ed5\u7d44\u307f\u306e\u8a73\u7d30\u306f<a href=\"#mechanism\">\u5024\u52d5\u304d\u306e\u4ed5\u7d44\u307f<\/a>\u306e\u7ae0\u3067\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h2 id=\"basic\" class=\"wp-block-heading\">ProShares UltraShort 20+ Year Treasury\uff08TBT\uff09\u306e\u57fa\u672c\u60c5\u5831<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\uff08\u30d7\u30ed\u30b7\u30a7\u30a2\u30fc\u30ba\u30fb\u30a6\u30eb\u30c8\u30e9\u30b7\u30e7\u30fc\u30c820\u5e74\u8d85\u56fd\u50b5\uff09\u306f\u3001ProShares\u304c\u63d0\u4f9b\u3059\u308b\u30d9\u30a2\u578b\uff08\u30a4\u30f3\u30d0\u30fc\u30b9\u578b\uff09\u306eETF\u3067\u3059\u3002\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u306e\u6307\u6570\u306e\u65e5\u3005\u306e\u5024\u52d5\u304d\u306b\u5bfe\u3057\u3066\u3001-2\u500d\uff08-200%\uff09\u306e\u6295\u8cc7\u6210\u679c\u3092\u76ee\u6307\u3057\u307e\u3059\u3002\u547c\u79f0\u306f\u53c2\u8003\u8a33\u3067\u3001\u516c\u5f0f\u30fb\u8a3c\u5238\u4f1a\u793e\u306e\u8868\u8a18\u306f\u82f1\u8a9e\u540d\u304c\u4e2d\u5fc3\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305f\u3068\u3048\u3070\u5bfe\u8c61\u6307\u6570\u304c1\u65e5\u30671%\u4e0b\u843d\u3057\u305f\u5834\u5408\u3001TBT\u306f\u7406\u8ad6\u4e0a\u304a\u304a\u3080\u306d2%\u7a0b\u5ea6\u306e\u4e0a\u6607\u3092\u76ee\u6307\u3057\u307e\u3059\u3002\u9006\u306b\u5bfe\u8c61\u6307\u6570\u304c1%\u4e0a\u6607\u3057\u305f\u5834\u5408\u306f\u3001\u7406\u8ad6\u4e0a\u304a\u304a\u3080\u306d2%\u7a0b\u5ea6\u306e\u4e0b\u843d\u3068\u306a\u308a\u307e\u3059\u3002\u7c73\u56fd\u50b5\u306f\u91d1\u5229\u3068\u4fa1\u683c\u304c\u9006\u65b9\u5411\u306b\u52d5\u304f\u305f\u3081\u3001\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u5c40\u9762\u3067TBT\u306f\u5024\u4e0a\u304c\u308a\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u57fa\u672c\u30b9\u30da\u30c3\u30af<\/h3>\n\n\n\n<figure class=\"wp-block-table is-style-simple\"><table><tbody><tr><th>\u30c6\u30a3\u30c3\u30ab\u30fc<\/th><td>TBT<\/td><\/tr><tr><th>\u6b63\u5f0f\u540d\u79f0<\/th><td>ProShares UltraShort 20+ Year Treasury<\/td><\/tr><tr><th>\u904b\u7528\u4f1a\u793e<\/th><td>ProShares<\/td><\/tr><tr><th>\u4e0a\u5834\u5e02\u5834<\/th><td>NYSE Arca<\/td><\/tr><tr><th>\u5bfe\u8c61<\/th><td>\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\uff08ICE U.S. Treasury 20+ Year Bond Index\uff09<\/td><\/tr><tr><th>\u65b9\u5411<\/th><td>\u30d9\u30a2\u578b\uff08\u30a4\u30f3\u30d0\u30fc\u30b9\u578b\uff09<\/td><\/tr><tr><th>\u30ec\u30d0\u30ec\u30c3\u30b8\u500d\u7387<\/th><td>-2\u500d\uff08-200%\uff09<\/td><\/tr><tr><th>\u30ea\u30bb\u30c3\u30c8\u983b\u5ea6<\/th><td>\u539f\u5247\u3068\u3057\u3066\u65e5\u6b21<\/td><\/tr><tr><th>\u4e3b\u306a\u7528\u9014<\/th><td>\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u306e\u77ed\u671f\u58f2\u8cb7\u30fb\u50b5\u5238\u4fdd\u6709\u306e\u91d1\u5229\u4e0a\u6607\u30d8\u30c3\u30b8\u30fb\u30a4\u30d9\u30f3\u30c8\u6295\u8cc7<\/td><\/tr><tr><th>\u7d4c\u8cbb\u7387<\/th><td>0.93%\uff082026\u5e746\u6708\u6642\u70b9\uff09<\/td><\/tr><tr><th>\u7d14\u8cc7\u7523\u7dcf\u984d<\/th><td>\u7d043.0\u5104\u30c9\u30eb\u524d\u5f8c\uff082026\u5e746\u6708\u6642\u70b9\u30fb\u51fa\u5178\u306b\u3088\u308a\u7d042.7\u301c3.3\u5104\u30c9\u30eb\uff09<\/td><\/tr><tr><th>\u5e73\u5747\u51fa\u6765\u9ad8<\/th><td>\u7d0492\u4e07\u682a\/\u65e5\uff0830\u65e5\u4e2d\u592e\u5024\u30fb2026\u5e746\u6708\u6642\u70b9\uff09<\/td><\/tr><tr><th>\u5206\u914d\u91d1<\/th><td>\u3042\u308a\uff08\u56db\u534a\u671f\u30fb\u76f4\u8fd1\u5229\u56de\u308a\u306f\u7d043%\u53f0\u30012026\u5e746\u6708\u6642\u70b9\uff09<\/td><\/tr><tr><th>\u70ba\u66ff\u30ea\u30b9\u30af<\/th><td>\u3042\u308a\uff08\u7c73\u30c9\u30eb\u5efa\u3066\uff09<\/td><\/tr><tr><th>NISA\u5bfe\u5fdc<\/th><td>\u5bfe\u8c61\u5916\uff08\u30ec\u30d0\u30ec\u30c3\u30b8\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9\u578b\u306f\u6210\u9577\u6295\u8cc7\u67a0\u306e\u5bfe\u8c61\u5916\u3002\u8981\u78ba\u8a8d\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"is-style-icon_info wp-block-paragraph\">\u7d4c\u8cbb\u7387\u30fb\u7d14\u8cc7\u7523\u7dcf\u984d\u30fb\u51fa\u6765\u9ad8\u30fb\u5206\u914d\u30fb\u53d6\u6271\u8a3c\u5238\u4f1a\u793e\u30fbNISA\u5bfe\u5fdc\u53ef\u5426\u306a\u3069\u306f\u5909\u66f4\u3055\u308c\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u6700\u65b0\u60c5\u5831\u306f\u904b\u7528\u4f1a\u793eProShares\u306e\u516c\u5f0f\u60c5\u5831\u304a\u3088\u3073\u5404\u8a3c\u5238\u4f1a\u793e\u306e\u6ce8\u6587\u753b\u9762\u3067\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002\uff082026\u5e746\u6708\u6642\u70b9\uff09<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f2008\u5e744\u670829\u65e5\u306b\u8a2d\u5b9a\u3055\u308c\u305f\u3001\u7c73\u56fd\u50b5\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u306e\u306a\u304b\u3067\u3082\u6b74\u53f2\u306e\u9577\u3044\u9298\u67c4\u3067\u3059\u3002-2\u500d\u3068\u3044\u3046\u500d\u7387\u306f\u3001\u5f8c\u767a\u306e-3\u500d\uff08TMV\uff09\u3088\u308a\u30821\u65e5\u3042\u305f\u308a\u306e\u5024\u52d5\u304d\u304c\u6291\u3048\u3081\u3067\u3001\u91d1\u5229\u4e0a\u6607\u3092\u72d9\u3046\u969b\u306b\u6e1b\u4fa1\u306e\u5f71\u97ff\u3082\u3084\u3084\u7a4f\u3084\u304b\u306b\u306a\u308a\u3084\u3059\u3044\u70b9\u304c\u7279\u5fb4\u3067\u3059\u3002<\/p>\n\n\n\n<h2 id=\"target\" class=\"wp-block-heading\">TBT\u306e\u5bfe\u8c61\u3068\u306a\u308b\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u3068\u306f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306e\u5024\u52d5\u304d\u3092\u7406\u89e3\u3059\u308b\u306b\u306f\u3001\u307e\u305a\u5bfe\u8c61\u3068\u306a\u308b\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u306e\u7279\u5fb4\u3092\u628a\u63e1\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002TBT\u304c\u9023\u52d5\u3059\u308b\u306e\u306fICE U.S. Treasury 20+ Year Bond Index\u3067\u3001\u6b8b\u5b58\u671f\u9593\u304c20\u5e74\u3092\u8d85\u3048\u308b\u7c73\u56fd\u8ca1\u52d9\u7701\u8a3c\u5238\uff08\u7c73\u56fd\u50b5\uff09\u3067\u69cb\u6210\u3055\u308c\u308b\u6307\u6570\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u682a\u5f0f\u3068\u306f\u7570\u306a\u308a\u3001\u91d1\u5229\u30fb\u30a4\u30f3\u30d5\u30ec\u30fb\u91d1\u878d\u653f\u7b56\u30fb\u56fd\u50b5\u9700\u7d66\u304c\u4e3b\u306a\u30c9\u30e9\u30a4\u30d0\u30fc\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u5bfe\u8c61\u30c6\u30fc\u30de\u306e\u7279\u5fb4<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u4fa1\u683c\u3068\u91d1\u5229\u306f\u9006\u65b9\u5411\u306b\u52d5\u304d\u307e\u3059\u3002\u5e02\u5834\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068\u3001\u65e2\u767a\u50b5\u306e\u76f8\u5bfe\u7684\u306a\u9b45\u529b\u304c\u4e0b\u304c\u308b\u305f\u3081\u4fa1\u683c\u306f\u4e0b\u843d\u3057\u3001\u91d1\u5229\u304c\u4e0b\u304c\u308b\u3068\u4fa1\u683c\u306f\u4e0a\u6607\u3057\u307e\u3059\u3002\u3053\u306e\u95a2\u4fc2\u306f\u50b5\u5238\u6295\u8cc7\u306e\u57fa\u672c\u3067\u3001TBT\u306f\u3053\u306e\u300c\u91d1\u5229\u4e0a\u6607\uff1d\u4fa1\u683c\u4e0b\u843d\u300d\u3092-2\u500d\u3067\u53d6\u308a\u306b\u3044\u304f\u5546\u54c1\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">20\u5e74\u8d85\u306e\u8d85\u9577\u671f\u50b5\u3067\u7279\u306b\u91cd\u8981\u306a\u306e\u304c\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u91d1\u5229\u611f\u5fdc\u5ea6\uff09\u3067\u3059\u3002\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u91d1\u5229\u611f\u5fdc\u5ea6\uff09\u304c\u9577\u3044\u50b5\u5238\u307b\u3069\u3001\u308f\u305a\u304b\u306a\u91d1\u5229\u5909\u52d5\u3067\u3082\u4fa1\u683c\u304c\u5927\u304d\u304f\u52d5\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4ee3\u8868\u7684\u306a\u901a\u5e38ETF\u3067\u3042\u308biShares 20+ Year Treasury Bond ETF\uff08TLT\uff09\u306e\u5b9f\u52b9\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u91d1\u5229\u611f\u5fdc\u5ea6\uff09\u306f\u7d0415\u5e74\u524d\u5f8c\uff082026\u5e746\u6708\u6642\u70b9\u30fb\u904e\u53bb\u306b\u306f\u7d0416\u301c17\u5e74\u3068\u8a00\u308f\u308c\u305f\u6642\u671f\u3082\u3042\u308a\u307e\u3059\uff09\u3067\u3001\u304a\u304a\u307e\u304b\u306b\u306f\u300c\u91d1\u5229\u304c1%\u52d5\u304f\u3068\u4fa1\u683c\u304c\u7d0415%\u52d5\u304f\u300d\u611f\u5fdc\u5ea6\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3053\u3078TBT\u306f-2\u500d\u3092\u304b\u3051\u308b\u305f\u3081\u3001\u7406\u8ad6\u4e0a\u306f\u91d1\u52291%\u306e\u5909\u52d5\u3067\u7d0430%\u3068\u3044\u3046\u975e\u5e38\u306b\u5927\u304d\u306a\u5024\u52d5\u304d\u306b\u3064\u306a\u304c\u308a\u5f97\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306e\u5834\u5408\u3001\u7279\u306b\u6ce8\u76ee\u3059\u3079\u304d\u306a\u306e\u306fFOMC\u30fb\u653f\u7b56\u91d1\u5229\u898b\u901a\u3057\u3001CPI\u30fbPCE\u306a\u3069\u306e\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\u3001\u7c73\u56fd\u50b5\u5165\u672d\u30fb\u8ca1\u653f\u8d64\u5b57\u30fb\u9700\u7d66\u306e3\u70b9\u3067\u3059\u3002\u3053\u308c\u3089\u304c\u5f37\u304f\u52d5\u304f\u5c40\u9762\u3067\u306f\u3001\u9577\u671f\u91d1\u5229\u304c\u5927\u304d\u304f\u632f\u308c\u3001TBT\u306e\u4fa1\u683c\u3082\u5927\u304d\u304f\u5909\u52d5\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e745\u6708\u6642\u70b9\u3067\u306f\u3001FOMC\u306f\u653f\u7b56\u91d1\u5229\u30923.50\u301c3.75%\u30673\u4f1a\u5408\u9023\u7d9a\u636e\u3048\u7f6e\u304d\u3001\u7c7310\u5e74\u50b5\u5229\u56de\u308a\u306f\u6982\u306d4.5\u301c4.6%\u524d\u5f8c\u3067\u63a8\u79fb\u3057\u3066\u304a\u308a\u3001\u91d1\u5229\u306e\u65b9\u5411\u611f\u3092\u3081\u3050\u308b\u601d\u60d1\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u53c2\u8003\u3068\u3057\u3066\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u306e\u5bfe\u8c61\u30c6\u30fc\u30de\u3054\u3068\u306e\u5024\u52d5\u304d\u306e\u50be\u5411\u306f\u4ee5\u4e0b\u306e\u3068\u304a\u308a\u3067\u3059\u3002TBT\u306f\u300c\u7c73\u56fd\u50b5\u7cfb\u300d\u306b\u8a72\u5f53\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list is-style-check_list\">\n<li><strong>\u7c73\u56fd\u50b5\u7cfb\uff08TBT\u306f\u3053\u3053\uff09<\/strong>\uff1a\u9577\u671f\u91d1\u5229\u3001\u30a4\u30f3\u30d5\u30ec\u3001FOMC\u3001\u7c73\u56fd\u666f\u6c17\u3001\u56fd\u50b5\u9700\u7d66\u306b\u5927\u304d\u304f\u5de6\u53f3\u3055\u308c\u308b<\/li>\n\n\n\n<li><strong>S&amp;P500\u7cfb<\/strong>\uff1a\u7c73\u56fd\u5927\u578b\u682a\u5168\u4f53\u306b\u5206\u6563\u3055\u308c\u3001\u7c73\u56fd\u682a\u5e02\u5834\u5168\u4f53\u306e\u65b9\u5411\u611f\u3092\u53d6\u308a\u3084\u3059\u3044<\/li>\n\n\n\n<li><strong>Nasdaq100\u7cfb<\/strong>\uff1a\u5927\u578b\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u682a\u3001AI\u95a2\u9023\u3001\u534a\u5c0e\u4f53\u3001\u30af\u30e9\u30a6\u30c9\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u3044<\/li>\n\n\n\n<li><strong>\u534a\u5c0e\u4f53\u7cfb<\/strong>\uff1aAI\u3001\u30c7\u30fc\u30bf\u30bb\u30f3\u30bf\u30fc\u3001GPU\u9700\u8981\u306b\u5927\u304d\u304f\u5de6\u53f3\u3055\u308c\u308b<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u91d1\u5229\u306f\u682a\u4fa1\u4ee5\u4e0a\u306b\u4e88\u6e2c\u304c\u96e3\u3057\u3044\u5c40\u9762\u304c\u3042\u308a\u3001\u666f\u6c17\u30fb\u7269\u4fa1\u30fb\u91d1\u878d\u653f\u7b56\u30fb\u8ca1\u653f\u30fb\u5730\u653f\u5b66\u306a\u3069\u8907\u6570\u306e\u8981\u56e0\u304c\u7d61\u307f\u307e\u3059\u3002TBT\u3092\u4f7f\u3046\u969b\u306f\u3001\u682a\u5f0f\u3068\u306f\u7570\u306a\u308b\u300c\u91d1\u5229\u76ee\u7dda\u300d\u3067\u306e\u5206\u6790\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002\u540c\u305820\u5e74\u8d85\u56fd\u50b5\u3092\u5bfe\u8c61\u3068\u3059\u308b\u30ec\u30d0\u30ec\u30c3\u30b8ETF\u306b\u3064\u3044\u3066\u306f\u3001<a href=\"#compare\">\u95a2\u9023ETF\u306e\u6bd4\u8f03<\/a>\u306e\u7ae0\u3067TMF\u30fbTMV\u3068\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h2 id=\"mechanism\" class=\"wp-block-heading\">TBT\u306e\u5024\u52d5\u304d\u306e\u4ed5\u7d44\u307f<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f\u3001\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u6307\u6570\u306e\u65e5\u3005\u306e\u5024\u52d5\u304d\u306b\u5bfe\u3057\u3066-2\u500d\u306e\u6295\u8cc7\u6210\u679c\u3092\u76ee\u6307\u3057\u307e\u3059\u3002\u5bfe\u8c61\u6307\u6570\u304c1\u65e5\u30671%\u4e0b\u843d\uff08\uff1d\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\uff09\u3059\u308b\u3068\u7406\u8ad6\u4e0a\u306f\u7d042%\u306e\u4e0a\u6607\u3092\u30011%\u4e0a\u6607\uff08\uff1d\u91d1\u5229\u4f4e\u4e0b\uff09\u3059\u308b\u3068\u7d042%\u306e\u4e0b\u843d\u3092\u76ee\u6307\u3057\u307e\u3059\u3002\u91d1\u5229\u306e\u65b9\u5411\u3068TBT\u306e\u65b9\u5411\u306f\u540c\u3058\u3067\u3001\u300c\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068TBT\u304c\u4e0a\u304c\u308b\u300d\u95a2\u4fc2\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305f\u3060\u3057\u3001\u3053\u308c\u306f\u3042\u304f\u307e\u3067\u65e5\u6b21\u306e\u76ee\u6a19\u3067\u3059\u3002\u6570\u65e5\u4ee5\u4e0a\u4fdd\u6709\u3057\u305f\u5834\u5408\u3001\u5024\u52d5\u304d\u306f\u5358\u7d14\u306a-2\u500d\u8a08\u7b97\u3068\u4e00\u81f4\u3057\u306a\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"is-style-icon_book wp-block-paragraph\"><strong>\u65e5\u6b21\u30ea\u30bb\u30c3\u30c8\u3068\u306f\uff1f<\/strong><br>\u30ec\u30d0\u30ec\u30c3\u30b8\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u304c\u300c1\u65e5\u3054\u3068\u300d\u306b\u500d\u7387\u3092\u8a08\u7b97\u3057\u76f4\u3059\u4ed5\u7d44\u307f\u306e\u3053\u3068\u3067\u3059\u3002\u6bce\u65e5\u305d\u306e\u65e5\u306e\u57fa\u6e96\u4fa1\u984d\u306b\u5bfe\u3057\u3066-2\u500d\u3092\u76ee\u6307\u3059\u305f\u3081\u30012\u65e5\u4ee5\u4e0a\u307e\u305f\u3044\u3067\u4fdd\u6709\u3059\u308b\u3068\u3001\u8907\u5229\u52b9\u679c\u306b\u3088\u3063\u3066\u7d2f\u7a4d\u30ea\u30bf\u30fc\u30f3\u304c\u300c\u5bfe\u8c61\u6307\u6570\u00d7-2\u500d\u300d\u3068\u4e00\u81f4\u3057\u306a\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u65e5\u6b21\u30ea\u30bb\u30c3\u30c8\u306e\u30a4\u30e1\u30fc\u30b8<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4eee\u306b\u5bfe\u8c61\u6307\u6570\uff08\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\uff09\u304c\u4ee5\u4e0b\u306e\u3088\u3046\u306b\u52d5\u3044\u305f\u3068\u3057\u307e\u3059\u3002\u30d9\u30a2\u578b\u306e-2\u500d\u306a\u306e\u3067\u3001\u6307\u6570\u304c\u4e0b\u304c\u308b\u3068ETF\u306f\u4e0a\u304c\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-regular is-all-centered--va\"><table><thead><tr><th>\u65e5\u4ed8<\/th><th>\u5bfe\u8c61\u6307\u6570\u306e\u5909\u52d5<\/th><th>\u5bfe\u8c61\u6307\u6570\u306e\u4fa1\u683c<\/th><th>-2\u500d\u30d9\u30a2ETF\u306e\u7406\u8ad6\u4fa1\u683c<\/th><\/tr><\/thead><tbody><tr><th>\u521d\u65e5<\/th><td>\u2014<\/td><td>100.0<\/td><td>100.0<\/td><\/tr><tr><th>1\u65e5\u76ee<\/th><td>-10%<\/td><td>90.0<\/td><td>120.0<\/td><\/tr><tr><th>2\u65e5\u76ee<\/th><td>+11.11%<\/td><td>100.0<\/td><td>93.33<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u4f8b\u3067\u306f\u3001\u5bfe\u8c61\u6307\u6570\u306f2\u65e5\u5f8c\u306b100\u3078\u623b\u3063\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057-2\u500d\u30d9\u30a2ETF\u306f100\u306b\u623b\u3089\u305a\u3001\u7406\u8ad6\u4e0a93.33\u4ed8\u8fd1\u307e\u3067\u4e0b\u304c\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u6bce\u65e5\u500d\u7387\u3092\u304b\u3051\u3066\u30ea\u30bb\u30c3\u30c8\u3055\u308c\u308b\u305f\u3081\u3067\u3001<span class=\"swl-marker mark_orange\">\u5bfe\u8c61\u6307\u6570\uff08\uff1d\u9577\u671f\u91d1\u5229\uff09\u304c\u4e0a\u4e0b\u306b\u5927\u304d\u304f\u632f\u308c\u308b\u307b\u3069\u3001\u30ec\u30d0\u30ec\u30c3\u30b8ETF\u306e\u4fa1\u683c\u306f\u524a\u3089\u308c\u3084\u3059\u304f\u306a\u308a\u307e\u3059<\/span>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u73fe\u8c61\u304c\u3001\u3044\u308f\u3086\u308b\u300c\u6e1b\u4fa1\u300d\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30c8\u30ec\u30f3\u30c9\u76f8\u5834\u3067\u306f\u6709\u5229\u306b\u50cd\u304f\u3053\u3068\u3082\u3042\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e00\u65b9\u3067\u3001\u91d1\u5229\u304c\u4e00\u65b9\u5411\u306b\u9023\u7d9a\u3057\u3066\u52d5\u304f\u5834\u5408\u3001\u8907\u5229\u52b9\u679c\u304c\u30d7\u30e9\u30b9\u306b\u50cd\u304f\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002\u9577\u671f\u91d1\u5229\u304c\u9023\u65e5\u4e0a\u6607\u3057\u56fd\u50b5\u4fa1\u683c\u304c\u4e0b\u304c\u308a\u7d9a\u3051\u308b\u5c40\u9762\u3067\u306f\u3001\u30d9\u30a2\u578b\u306eTBT\u304c\u60f3\u5b9a\u4ee5\u4e0a\u306b\u5927\u304d\u304f\u4e0a\u6607\u3059\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u9006\u306b\u91d1\u5229\u304c\u9023\u65e5\u4f4e\u4e0b\u3059\u308b\u5c40\u9762\u3067\u306f\u3001TBT\u306f\u5927\u304d\u304f\u4e0b\u843d\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3064\u307e\u308aTBT\u306f<span class=\"swl-marker mark_green\">\u300c\u6a2a\u3070\u3044\u30fb\u4e71\u9ad8\u4e0b\u306b\u5f31\u304f\u3001\u660e\u78ba\u306a\u91d1\u5229\u4e0a\u6607\u30c8\u30ec\u30f3\u30c9\u306b\u5f37\u3044\u300d<\/span>\u6027\u8cea\u3092\u6301\u3061\u3084\u3059\u3044ETF\u3067\u3059\u3002\u91d1\u5229\u306e\u65b9\u5411\u611f\u304c\u5b9a\u307e\u3089\u306a\u3044\u5c40\u9762\u3067\u306f\u3001\u60f3\u5b9a\u3069\u304a\u308a\u306b\u5229\u76ca\u304c\u7a4d\u307f\u4e0a\u304c\u308a\u306b\u304f\u3044\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h2 id=\"pros\" class=\"wp-block-heading\">TBT\u306e\u30e1\u30ea\u30c3\u30c8<\/h2>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-intext\" data-colset=\"col3\"><div class=\"cap_box_ttl\"><span>TBT\u306e\u30e1\u30ea\u30c3\u30c8<\/span><\/div><div class=\"cap_box_content\">\n<ol class=\"wp-block-list is-style-good_list\">\n<li><a href=\"#pros-01\">\u5c11\u306a\u3044\u8cc7\u91d1\u3067\u5927\u304d\u306a\u5024\u52d5\u304d\u3092\u72d9\u3048\u308b<\/a><\/li>\n\n\n\n<li><a href=\"#pros-02\">\u4fe1\u7528\u53d6\u5f15\u3092\u4f7f\u308f\u305a\u306b\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u304b\u3051\u3089\u308c\u308b<\/a><\/li>\n\n\n\n<li><a href=\"#pros-03\">\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u306e\u9078\u629e\u80a2\u304c\u5e83\u304c\u308b<\/a><\/li>\n\n\n\n<li><a href=\"#pros-04\">\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u5229\u76ca\u3092\u72d9\u3048\u308b\u30fb\u50b5\u5238\u306e\u91d1\u5229\u4e0a\u6607\u30d8\u30c3\u30b8\u306b\u306a\u308b<\/a><\/li>\n<\/ol>\n<\/div><\/div>\n\n\n\n<h3 id=\"pros-01\" class=\"wp-block-heading\">\u5c11\u306a\u3044\u8cc7\u91d1\u3067\u5927\u304d\u306a\u5024\u52d5\u304d\u3092\u72d9\u3048\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306e\u6700\u5927\u306e\u30e1\u30ea\u30c3\u30c8\u306f\u3001\u901a\u5e38\u306eETF\u3088\u308a\u3082\u5927\u304d\u306a\u5024\u52d5\u304d\u3092\u72d9\u3048\u308b\u3053\u3068\u3067\u3059\u3002\u901a\u5e38\u306e\u7c73\u56fd\u50b5\u30d9\u30a2ETF\u3084\u56fd\u50b5\u305d\u306e\u3082\u306e\u306e\u5024\u52d5\u304d\u304c\u57fa\u672c\u7684\u306b1\u500d\u306a\u306e\u306b\u5bfe\u3057\u3001TBT\u306f-2\u500d\u306e\u5024\u52d5\u304d\u3092\u76ee\u6307\u3059\u305f\u3081\u3001\u540c\u3058\u8cc7\u91d1\u91cf\u3067\u3082\u3088\u308a\u5927\u304d\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u72d9\u3048\u307e\u3059\u3002\u9577\u671f\u91d1\u5229\u306e\u4e0a\u6607\u306b\u5f37\u3044\u76f8\u5834\u89b3\u304c\u3042\u308b\u5834\u5408\u3001\u8cc7\u91d1\u52b9\u7387\u306e\u9ad8\u3044\u53d6\u5f15\u624b\u6bb5\u306b\u306a\u308a\u5f97\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"pros-02\" class=\"wp-block-heading\">\u4fe1\u7528\u53d6\u5f15\u3092\u4f7f\u308f\u305a\u306b\u30ec\u30d0\u30ec\u30c3\u30b8\u3092\u304b\u3051\u3089\u308c\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f\u73fe\u7269ETF\u3068\u3057\u3066\u8a2d\u8a08\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u53d6\u6271\u306e\u3042\u308b\u53e3\u5ea7\u3067\u8cfc\u5165\u3067\u304d\u308c\u3070\u3001\u4fe1\u7528\u53d6\u5f15\u3084\u5148\u7269\u53d6\u5f15\u3092\u4f7f\u308f\u305a\u306b\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u52b9\u3044\u305f\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u6301\u3066\u307e\u3059\u3002\u73fe\u7269ETF\u306a\u3089\u8ffd\u8a3c\u304c\u767a\u751f\u305b\u305a\u3001\u539f\u5247\u3068\u3057\u3066\u6295\u8cc7\u984d\u4ee5\u4e0a\u306e\u640d\u5931\u306f\u767a\u751f\u3057\u307e\u305b\u3093\u3002\u305f\u3060\u3057ETF\u4fa1\u683c\u81ea\u4f53\u304c\u5927\u304d\u304f\u4e0b\u843d\u3059\u308b\u53ef\u80fd\u6027\u306f\u3042\u308b\u305f\u3081\u3001\u6295\u8cc7\u984d\u306e\u7ba1\u7406\u306f\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u56fd\u5185\u3067\u306e\u53d6\u6271\u72b6\u6cc1\u306f<a href=\"#brokers\">TBT\u3092\u8cb7\u3048\u308b\u304b<\/a>\u306e\u7ae0\u3067\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"pros-03\" class=\"wp-block-heading\">\u77ed\u671f\u30c8\u30ec\u30fc\u30c9\u306e\u9078\u629e\u80a2\u304c\u5e83\u304c\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f\u91d1\u5229\u3092\u898b\u3066\u52d5\u304f\u77ed\u671f\u30c8\u30ec\u30fc\u30c0\u30fc\u306b\u3068\u3063\u3066\u4f7f\u3044\u3084\u3059\u3044\u5546\u54c1\u3067\u3059\u3002\u4ee5\u4e0b\u306e\u3088\u3046\u306a\u5c40\u9762\u3067\u6d3b\u7528\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list is-style-check_list\">\n<li>FOMC\u30fb\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u4f1a\u898b\u306a\u3069\u3067\u5229\u4e0a\u3052\u30fb\u30bf\u30ab\u6d3e\u59ff\u52e2\u304c\u610f\u8b58\u3055\u308c\u305f\u3068\u304d<\/li>\n\n\n\n<li>CPI\u30fbPCE\u30fb\u96c7\u7528\u7d71\u8a08\u304c\u5f37\u304f\u3001\u30a4\u30f3\u30d5\u30ec\u30fb\u91d1\u5229\u4e0a\u6607\u304c\u610f\u8b58\u3055\u308c\u305f\u3068\u304d<\/li>\n\n\n\n<li>\u7c73\u56fd\u50b5\u5165\u672d\u304c\u4f4e\u8abf\u3067\u3001\u9577\u671f\u91d1\u5229\u306b\u4e0a\u6607\u5727\u529b\u304c\u304b\u304b\u3063\u305f\u3068\u304d<\/li>\n\n\n\n<li>\u8ca1\u653f\u8d64\u5b57\u30fb\u56fd\u50b5\u5897\u767a\u30fb\u683c\u4e0b\u3052\u61f8\u5ff5\u304c\u8a71\u984c\u306b\u306a\u3063\u305f\u3068\u304d<\/li>\n\n\n\n<li>\u30c6\u30af\u30cb\u30ab\u30eb\u7684\u306b\u9577\u671f\u91d1\u5229\u304c\u30ec\u30f3\u30b8\u3092\u4e0a\u629c\u3051\u3057\u305f\u3068\u304d<\/li>\n<\/ul>\n\n\n\n<h3 id=\"pros-04\" class=\"wp-block-heading\">\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u5229\u76ca\u3092\u72d9\u3048\u308b\u30fb\u50b5\u5238\u306e\u91d1\u5229\u4e0a\u6607\u30d8\u30c3\u30b8\u306b\u306a\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f\u30d9\u30a2\u578b\u306e\u305f\u3081\u3001\u9577\u671f\u91d1\u5229\u304c\u4e0a\u6607\u3057\u3066\u56fd\u50b5\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u305f\u3068\u304d\u306b\u5229\u76ca\u3092\u72d9\u3048\u307e\u3059\u3002\u73fe\u7269\u306e\u50b5\u5238\u6295\u8cc7\u3067\u306f\u91d1\u5229\u304c\u4f4e\u4e0b\u3057\u306a\u3051\u308c\u3070\u5024\u4e0a\u304c\u308a\u76ca\u3092\u51fa\u3057\u306b\u304f\u3044\u3067\u3059\u304c\u3001TBT\u3092\u4f7f\u3048\u3070\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u306b\u3082\u5bfe\u5fdc\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3059\u3067\u306bTLT\u306e\u3088\u3046\u306a\u9577\u671f\u50b5ETF\u3084\u7c73\u56fd\u50b5\u3001\u50b5\u5238\u3092\u7d44\u307f\u5165\u308c\u305f\u30d5\u30a1\u30f3\u30c9\u3092\u4fdd\u6709\u3057\u3066\u3044\u308b\u6295\u8cc7\u5bb6\u306b\u3068\u3063\u3066\u306f\u3001\u77ed\u671f\u7684\u306a\u91d1\u5229\u4e0a\u6607\u30ea\u30b9\u30af\u306e\u30d8\u30c3\u30b8\u624b\u6bb5\u3068\u3057\u3066\u691c\u8a0e\u3055\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305f\u3060\u3057\u30d8\u30c3\u30b8\u3068\u3057\u3066\u4f7f\u3046\u5834\u5408\u3067\u3082\u3001\u500d\u7387\u30fb\u76f8\u95a2\u30fb\u4fdd\u6709\u671f\u9593\u30fb\u6295\u8cc7\u984d\u3092\u8aa4\u308b\u3068\u3001\u60f3\u5b9a\u4ee5\u4e0a\u306e\u640d\u5931\u306b\u3064\u306a\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u91d1\u5229\u304c\u60f3\u5b9a\u3068\u9006\u306b\u4f4e\u4e0b\u3059\u308c\u3070\u3001TBT\u306f-2\u500d\u3067\u4e0b\u843d\u3059\u308b\u70b9\u3082\u5fd8\u308c\u3066\u306f\u3044\u3051\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<h2 id=\"cons\" class=\"wp-block-heading\">TBT\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u30fb\u30ea\u30b9\u30af<\/h2>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-intext\" data-colset=\"col1\"><div class=\"cap_box_ttl\"><span>TBT\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u30fb\u30ea\u30b9\u30af<\/span><\/div><div class=\"cap_box_content\">\n<ol class=\"wp-block-list is-style-bad_list\">\n<li><a href=\"#cons-01\">\u5024\u52d5\u304d\u304c\u5927\u304d\u3044<\/a><\/li>\n\n\n\n<li><a href=\"#cons-02\">\u9577\u671f\u4fdd\u6709\u3067\u6e1b\u4fa1\u30fb\u4e56\u96e2\u304c\u8d77\u304d\u3084\u3059\u3044<\/a><\/li>\n\n\n\n<li><a href=\"#cons-03\">\u91d1\u5229\u304c\u4f4e\u4e0b\u3057\u305f\u5834\u5408\u306e\u640d\u5931\u304c\u5927\u304d\u3044<\/a><\/li>\n\n\n\n<li><a href=\"#cons-04\">\u70ba\u66ff\u30ea\u30b9\u30af\u304c\u3042\u308b<\/a><\/li>\n\n\n\n<li><a href=\"#cons-05\">\u30b9\u30d7\u30ec\u30c3\u30c9\u30fb\u6d41\u52d5\u6027\u30ea\u30b9\u30af\u304c\u3042\u308b<\/a><\/li>\n\n\n\n<li><a href=\"#cons-06\">\u50b5\u5238\u578b\u306a\u3089\u3067\u306f\u306e\u91d1\u5229\u30ea\u30b9\u30af\u304c\u5927\u304d\u3044<\/a><\/li>\n<\/ol>\n<\/div><\/div>\n\n\n\n<h3 id=\"cons-01\" class=\"wp-block-heading\">\u5024\u52d5\u304d\u304c\u5927\u304d\u3044<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f-2\u500d\u306e\u5024\u52d5\u304d\u3092\u76ee\u6307\u3059\u305f\u3081\u30011\u65e5\u306e\u4fa1\u683c\u5909\u52d5\u304c\u5927\u304d\u304f\u306a\u308a\u3084\u3059\u3044ETF\u3067\u3059\u300220\u5e74\u8d85\u56fd\u50b5\u306f\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u91d1\u5229\u611f\u5fdc\u5ea6\uff09\u304c\u9577\u304f\u3001\u3082\u3068\u3082\u3068\u91d1\u5229\u5909\u52d5\u306b\u5bfe\u3059\u308b\u611f\u5fdc\u5ea6\u304c\u9ad8\u3044\u305f\u3081\u3001\u305d\u3053\u306b-2\u500d\u304c\u304b\u304b\u308b\u3053\u3068\u3067\u5024\u52d5\u304d\u304c\u3055\u3089\u306b\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9577\u671f\u91d1\u5229\u304c\u5927\u304d\u304f\u52d5\u3044\u305f\u65e5\u306b\u306f\u3001TBT\u304c1\u65e5\u30675%\u4ee5\u4e0a\u52d5\u304f\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002\u6295\u8cc7\u984d\u3092\u5927\u304d\u304f\u3057\u3059\u304e\u308b\u3068\u77ed\u671f\u9593\u3067\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u306b\u5927\u304d\u306a\u30c0\u30e1\u30fc\u30b8\u3092\u4e0e\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"cons-02\" class=\"wp-block-heading\">\u9577\u671f\u4fdd\u6709\u3067\u6e1b\u4fa1\u30fb\u4e56\u96e2\u304c\u8d77\u304d\u3084\u3059\u3044<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f\u65e5\u6b21\u30ea\u30bb\u30c3\u30c8\u578b\u306e\u5546\u54c1\u3067\u3059\u3002\u9577\u671f\u3067\u4fdd\u6709\u3057\u305f\u5834\u5408\u3001\u5bfe\u8c61\u6307\u6570\u306e\u7d2f\u7a4d\u30ea\u30bf\u30fc\u30f3\u306b-2\u500d\u3092\u304b\u3051\u305f\u7d50\u679c\u3068\u306f\u4e00\u81f4\u3057\u306a\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002\u7279\u306b\u9577\u671f\u91d1\u5229\u304c\u4e0a\u4e0b\u306b\u5927\u304d\u304f\u632f\u308c\u308b\u76f8\u5834\u3067\u306fETF\u4fa1\u683c\u304c\u524a\u3089\u308c\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u3053\u308c\u306f\u30ec\u30d0\u30ec\u30c3\u30b8\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u306e\u4ee3\u8868\u7684\u306a\u6ce8\u610f\u70b9\u3067\u3042\u308a\u3001\u8cfc\u5165\u524d\u306b\u5fc5\u305a\u7406\u89e3\u3057\u3066\u304a\u304d\u305f\u3044\u30dd\u30a4\u30f3\u30c8\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5b9f\u969b\u3001\u91d1\u5229\u304c\u9577\u304f\u30ec\u30f3\u30b8\u5185\u3067\u4e0a\u4e0b\u3057\u305f\u5c40\u9762\u3067\u306f\u3001TBT\u306f\u9577\u671f\u7684\u306b\u57fa\u6e96\u4fa1\u984d\u3092\u5207\u308a\u4e0b\u3052\u3066\u304d\u305f\u6b74\u53f2\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"cons-03\" class=\"wp-block-heading\">\u91d1\u5229\u304c\u4f4e\u4e0b\u3057\u305f\u5834\u5408\u306e\u640d\u5931\u304c\u5927\u304d\u3044<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f\u91d1\u5229\u4e0a\u6607\u306e\u76f8\u5834\u89b3\u304c\u5f53\u305f\u308c\u3070\u5927\u304d\u306a\u30ea\u30bf\u30fc\u30f3\u3092\u72d9\u3048\u307e\u3059\u304c\u3001\u5916\u308c\u305f\u5834\u5408\u306e\u640d\u5931\u3082\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002\u9577\u671f\u91d1\u5229\u304c\u4f4e\u4e0b\u3057\u3066\u56fd\u50b5\u4fa1\u683c\u304c\u4e0a\u6607\u3059\u308b\u3068\u3001TBT\u306f-2\u500d\u3067\u4e0b\u843d\u3057\u307e\u3059\u3002\u666f\u6c17\u6e1b\u901f\u3084\u682a\u5b89\u3067\u30ea\u30b9\u30af\u56de\u907f\u306e\u50b5\u5238\u8cb7\u3044\u304c\u5f37\u307e\u308b\u3068\u3001\u91d1\u5229\u306f\u6025\u4f4e\u4e0b\u3057TBT\u304c\u5927\u304d\u304f\u4e0b\u3052\u308b\u5834\u9762\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u640d\u5207\u308a\u30e9\u30a4\u30f3\u3092\u6c7a\u3081\u305a\u306b\u4fdd\u6709\u3057\u7d9a\u3051\u308b\u3068\u3001\u77ed\u671f\u9593\u3067\u5927\u304d\u306a\u542b\u307f\u640d\u3092\u62b1\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"cons-04\" class=\"wp-block-heading\">\u70ba\u66ff\u30ea\u30b9\u30af\u304c\u3042\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u56fd\u5185\u6295\u8cc7\u5bb6\u304c\u7c73\u56fdETF\u3068\u3057\u3066TBT\u3092\u8cfc\u5165\u3059\u308b\u5834\u5408\u3001ETF\u81ea\u4f53\u306e\u4fa1\u683c\u5909\u52d5\u306b\u52a0\u3048\u3066\u7c73\u30c9\u30eb\/\u5186\u306e\u70ba\u66ff\u5909\u52d5\u3082\u640d\u76ca\u306b\u5f71\u97ff\u3057\u307e\u3059\u3002ETF\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u3066\u3044\u3066\u3082\u5186\u9ad8\u304c\u9032\u3080\u3068\u5186\u63db\u7b97\u306e\u5229\u76ca\u304c\u5c0f\u3055\u304f\u306a\u308a\u3001\u9006\u306bETF\u4fa1\u683c\u304c\u4e0b\u843d\u3057\u3066\u3044\u3066\u3082\u5186\u5b89\u306b\u3088\u3063\u3066\u5186\u63db\u7b97\u306e\u640d\u5931\u304c\u4e00\u90e8\u7de9\u548c\u3055\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30c9\u30eb\u5efa\u3066\u306e\u5024\u52d5\u304d\u3060\u3051\u3067\u306a\u304f\u3001\u5186\u63db\u7b97\u306e\u640d\u76ca\u3082\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h3 id=\"cons-05\" class=\"wp-block-heading\">\u30b9\u30d7\u30ec\u30c3\u30c9\u30fb\u6d41\u52d5\u6027\u30ea\u30b9\u30af\u304c\u3042\u308b<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306e\u5e73\u5747\u51fa\u6765\u9ad8\u306f\u7d0492\u4e07\u682a\/\u65e5\uff0830\u65e5\u4e2d\u592e\u5024\u30fb2026\u5e746\u6708\u6642\u70b9\uff09\u3067\u3001\u7c73\u56fd\u50b5\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u306e\u306a\u304b\u3067\u306f\u6d41\u52d5\u6027\u306e\u3042\u308b\u9298\u67c4\u3067\u3059\u3002\u305f\u3060\u3057\u7c73\u56fd\u5e02\u5834\u306e\u5bc4\u308a\u4ed8\u304d\u76f4\u5f8c\u30fb\u5f15\u3051\u524d\u30fb\u91cd\u8981\u6307\u6a19\u767a\u8868\u76f4\u5f8c\u306f\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u5e83\u304c\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6210\u884c\u6ce8\u6587\u3067\u306f\u60f3\u5b9a\u3088\u308a\u4e0d\u5229\u306a\u4fa1\u683c\u3067\u7d04\u5b9a\u3059\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u305f\u3081\u3001<span class=\"swl-marker mark_green\">\u4e2d\u4e0a\u7d1a\u8005\u3067\u3042\u308c\u3070\u6307\u5024\u6ce8\u6587\u3092\u57fa\u672c\u306b\u8003\u3048\u308b\u306e\u304c\u7121\u96e3<\/span>\u3067\u3059\u3002\u7279\u306bFOMC\u3084CPI\u767a\u8868\u76f4\u5f8c\u306f\u5024\u52d5\u304d\u304c\u6fc0\u3057\u304f\u306a\u308a\u3084\u3059\u3044\u305f\u3081\u3001\u6ce8\u6587\u65b9\u6cd5\u306b\u6ce8\u610f\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 id=\"cons-06\" class=\"wp-block-heading\">\u50b5\u5238\u578b\u306a\u3089\u3067\u306f\u306e\u91d1\u5229\u30ea\u30b9\u30af\u304c\u5927\u304d\u3044<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u306b\u9023\u52d5\u3059\u308b\u305f\u3081\u3001\u9577\u671f\u91d1\u5229\u306e\u5909\u52d5\u304c\u4fa1\u683c\u306b\u5927\u304d\u304f\u5f71\u97ff\u3057\u307e\u3059\u3002\u9577\u671f\u50b5\u306f\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u91d1\u5229\u611f\u5fdc\u5ea6\uff09\u304c\u9577\u304f\u3001\u91d1\u5229\u304c\u5c11\u3057\u52d5\u304f\u3060\u3051\u3067\u4fa1\u683c\u304c\u5927\u304d\u304f\u5909\u52d5\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305d\u3053\u306b-2\u500d\u306e\u30ec\u30d0\u30ec\u30c3\u30b8\u304c\u304b\u304b\u308b\u305f\u3081\u3001FOMC\u30fbCPI\u30fb\u96c7\u7528\u7d71\u8a08\u30fb\u9577\u671f\u91d1\u5229\u30fb\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u30fb\u8ca1\u653f\u8d64\u5b57\u30fb\u7c73\u56fd\u50b5\u9700\u7d66\u306a\u3069\u3092\u7d99\u7d9a\u7684\u306b\u78ba\u8a8d\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91d1\u5229\u306f\u4e2d\u592e\u9280\u884c\u306e\u653f\u7b56\u3001\u7269\u4fa1\u3001\u666f\u6c17\u3001\u8ca1\u653f\u3001\u6d77\u5916\u6295\u8cc7\u5bb6\u306e\u52d5\u5411\u306a\u3069\u8907\u6570\u306e\u8981\u56e0\u3067\u52d5\u304f\u305f\u3081\u3001\u682a\u5f0f\u4ee5\u4e0a\u306b\u65b9\u5411\u3092\u8aad\u307f\u306b\u304f\u3044\u5c40\u9762\u304c\u3042\u308a\u307e\u3059\u3002\u300c\u91d1\u5229\u306f\u4e0a\u304c\u308b\u306f\u305a\u300d\u3068\u3044\u3046\u601d\u3044\u8fbc\u307f\u3060\u3051\u3067TBT\u3092\u9577\u671f\u4fdd\u6709\u3059\u308b\u3068\u3001\u6e1b\u4fa1\u3068\u9006\u884c\u306e\u4e21\u65b9\u3067\u640d\u5931\u304c\u81a8\u3089\u3080\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<h2 id=\"compare\" class=\"wp-block-heading\">TBT\u3068\u95a2\u9023ETF\u306e\u6bd4\u8f03<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u3092\u691c\u8a0e\u3059\u308b\u969b\u306f\u3001\u901a\u5e38ETF\u30fb\u540c\u65b9\u5411\u306e-3\u500dETF\u30fb\u53cd\u5bfe\u65b9\u5411\u306e+3\u500dETF\u3068\u6bd4\u8f03\u3059\u308b\u3068\u7279\u5fb4\u304c\u308f\u304b\u308a\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u3044\u305a\u308c\u3082\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u3092\u5bfe\u8c61\u3068\u3059\u308b\u4ee3\u8868\u7684\u306a\u9298\u67c4\u3067\u3059\u3002<\/p>\n\n\n<div class=\"c-scrollHint\"><span>\u30b9\u30af\u30ed\u30fc\u30eb\u3067\u304d\u307e\u3059 <i class=\"icon-more_arrow\"><\/i><\/span><\/div>\n<figure data-table-scrollable=\"both\" class=\"wp-block-table is-style-regular is-all-centered--va\"><table style=\"--table-width:720px;font-size:14px;\"><thead><tr><th>\u30c6\u30a3\u30c3\u30ab\u30fc<\/th><th>\u65b9\u5411<\/th><th>\u500d\u7387<\/th><th>\u7d4c\u8cbb\u7387<\/th><th>\u4e3b\u306a\u7528\u9014<\/th><\/tr><\/thead><tbody><tr><th>TBT<\/th><td>\u30d9\u30a2\uff08\u91d1\u5229\u4e0a\u6607\u3067\u5229\u76ca\uff09<\/td><td>-2\u500d<\/td><td>0.93%<\/td><td>\u672c\u8a18\u4e8b\u306e\u5bfe\u8c61ETF<\/td><\/tr><tr><th>TLT<\/th><td>\u30d6\u30eb\uff08\u91d1\u5229\u4f4e\u4e0b\u3067\u5229\u76ca\uff09<\/td><td>1\u500d<\/td><td>\u7d040.15%\u524d\u5f8c<\/td><td>\u9577\u671f\u6295\u8cc7\u30fb\u6bd4\u8f03\u5bfe\u8c61\uff08\u901a\u5e38ETF\uff09<\/td><\/tr><tr><th>TMV<\/th><td>\u30d9\u30a2\uff08\u91d1\u5229\u4e0a\u6607\u3067\u5229\u76ca\uff09<\/td><td>-3\u500d<\/td><td>0.97%<\/td><td>TBT\u3088\u308a\u5927\u304d\u306a\u5024\u5e45\u3092\u53d6\u308a\u305f\u3044\u5834\u5408<\/td><\/tr><tr><th>TMF<\/th><td>\u30d6\u30eb\uff08\u91d1\u5229\u4f4e\u4e0b\u3067\u5229\u76ca\uff09<\/td><td>+3\u500d<\/td><td>0.90%<\/td><td>\u53cd\u5bfe\u306e\u91d1\u5229\u4f4e\u4e0b\u3092\u72d9\u3046\u30fb\u30d8\u30c3\u30b8<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"is-style-icon_info wp-block-paragraph\">\u7d4c\u8cbb\u7387\u306f\u5404\u904b\u7528\u4f1a\u793e\uff08ProShares\u30fbiShares\u30fbDirexion\uff09\u306e\u516c\u8868\u5024\u306b\u57fa\u3065\u304d\u307e\u3059\u3002\uff082026\u5e746\u6708\u6642\u70b9\uff09TLT\u306e\u7d4c\u8cbb\u7387\u306f\u304a\u304a\u3088\u305d\u306e\u76ee\u5b89\u3067\u3059\u3002\u5404\u5024\u306f\u5909\u66f4\u3055\u308c\u308b\u5834\u5408\u304c\u3042\u308b\u305f\u3081\u3001\u6700\u65b0\u5024\u306f\u5404\u516c\u5f0f\u3067\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u901a\u5e38ETF\uff08TLT\uff09\u3068\u306e\u9055\u3044<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TLT\u306f\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u306e1\u500d\u306e\u5024\u52d5\u304d\u3092\u76ee\u6307\u3059\u901a\u5e38ETF\u3067\u3001\u91d1\u5229\u304c\u4f4e\u4e0b\u3059\u308b\u3068\u5024\u4e0a\u304c\u308a\u3057\u307e\u3059\u3002\u4e00\u65b9TBT\u306f\u540c\u3058\u56fd\u50b5\u6307\u6570\u306b\u5bfe\u3057\u3066-2\u500d\u3092\u76ee\u6307\u3059\u305f\u3081\u3001\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u5024\u4e0a\u304c\u308a\u3057\u3001\u77ed\u671f\u7684\u306a\u5024\u5e45\u3082\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002\u305d\u306e\u5206\u30ea\u30b9\u30af\u3082\u5927\u304d\u304f\u3001\u9577\u671f\u4fdd\u6709\u3067\u306f\u6e1b\u4fa1\u3084\u4e56\u96e2\u306e\u5f71\u97ff\u3092\u53d7\u3051\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span class=\"swl-marker mark_green\">\u9577\u671f\u3067\u50b5\u5238\u306b\u6295\u8cc7\u3057\u305f\u3044\u306a\u3089TLT\u3001\u77ed\u671f\u3067\u91d1\u5229\u4e0a\u6607\u3092\u53d6\u308a\u306b\u3044\u304f\u306a\u3089TBT<\/span>\u3068\u3044\u3046\u3088\u3046\u306b\u3001\u76ee\u7684\u3092\u5206\u3051\u3066\u8003\u3048\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u540c\u65b9\u5411\u306eTMV\uff08-3\u500d\uff09\u30fb\u53cd\u5bfe\u65b9\u5411\u306eTMF\uff08+3\u500d\uff09\u3068\u306e\u9055\u3044<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TMV\u306fTBT\u3068\u540c\u3058\u304f\u91d1\u5229\u4e0a\u6607\u3067\u5229\u76ca\u3092\u72d9\u3046\u30d9\u30a2\u578b\u3067\u3059\u304c\u3001\u500d\u7387\u304c-3\u500d\u3068\u3055\u3089\u306b\u5927\u304d\u304f\u3001Direxion\u304c\u904b\u7528\u3057\u307e\u3059\u3002\u5024\u5e45\u3092\u5927\u304d\u304f\u53d6\u308a\u305f\u3044\u5834\u5408\u306fTMV\u3001\u3084\u3084\u30ea\u30b9\u30af\u3092\u6291\u3048\u305f\u3044\u5834\u5408\u306fTBT\u3068\u3044\u3046\u4f7f\u3044\u5206\u3051\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002\u305f\u3060\u3057-3\u500d\u306f\u6e1b\u4fa1\u30fb\u9006\u884c\u6642\u306e\u640d\u5931\u3082-2\u500d\u3088\u308a\u5927\u304d\u304f\u306a\u308a\u3084\u3059\u3044\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TMF\u306f\u53cd\u5bfe\u65b9\u5411\u306e+3\u500d\u30d6\u30eb\u578b\u3067\u3001\u91d1\u5229\u4f4e\u4e0b\uff08\u56fd\u50b5\u4fa1\u683c\u4e0a\u6607\uff09\u3092\u72d9\u3046\u5546\u54c1\u3067\u3059\u3002\u540c\u305820\u5e74\u8d85\u56fd\u50b5\u3092\u5bfe\u8c61\u306b\u3001TMF\u3068TMV\u3001TBT\u306e\u3088\u3046\u306b\u65b9\u5411\u3068\u500d\u7387\u306e\u7570\u306a\u308bETF\u304c\u5b58\u5728\u3057\u307e\u3059\u3002\u305f\u3060\u3057<span class=\"swl-marker mark_orange\">\u30d6\u30eb\u578b\u3068\u30d9\u30a2\u578b\u3092\u540c\u6642\u306b\u9577\u671f\u4fdd\u6709\u3059\u308b\u4f7f\u3044\u65b9\u306f\u3001\u30b3\u30b9\u30c8\u3084\u6e1b\u4fa1\u306e\u9762\u3067\u4e0d\u5229\u306b\u306a\u308a\u3084\u3059\u3044<\/span>\u305f\u3081\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TMF\u30fbTMV\u306e\u8a73\u7d30\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u3067\u3082\u89e3\u8aac\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n<div class=\"swell-block-postLink\">\t\t\t<a href=\"https:\/\/woz.co.jp\/jpmedia\/tmf\/\" class=\"c-blogLink -external\" data-style=\"slim\">\n\t\t\t\t<!-- <i class=\"c-blogLink__icon icon-link\" role=\"presentation\"><\/i> -->\n\t\t\t\t<span class=\"c-blogLink__icon\">\n\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"swl-svg-link __svg\" width=\"1em\" height=\"1em\" viewBox=\"0 0 48 48\" role=\"img\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M21.2 30.2c-.5 0-1-.2-1.4-.6l-.7-.7c-2.3-2.3-3.5-5.3-3.5-8.5s1.2-6.2 3.5-8.5l7.1-7.1c2.3-2.3 5.3-3.5 8.5-3.5s6.2 1.2 8.5 3.5c4.7 4.7 4.7 12.3 0 17l-3.5 3.5c-.8.8-2 .8-2.8 0-.8-.8-.8-2 0-2.8l3.5-3.5c3.1-3.1 3.1-8.2 0-11.3-1.5-1.5-3.5-2.3-5.7-2.3-2.1 0-4.2.8-5.7 2.3l-7.1 7.1c-1.5 1.5-2.3 3.5-2.3 5.7s.8 4.2 2.3 5.7l.7.7c.8.8.8 2 0 2.8-.4.3-.9.5-1.4.5z\" \/><path d=\"M13.4 46.6c-3.1 0-6.1-1.2-8.5-3.5-2.3-2.3-3.5-5.3-3.5-8.5s1.2-6.2 3.5-8.5l3.5-3.5c.8-.8 2-.8 2.8 0 .8.8.8 2 0 2.8l-3.5 3.5c-1.5 1.5-2.3 3.5-2.3 5.7 0 2.1.8 4.2 2.3 5.7 3.1 3.1 8.2 3.1 11.3 0l7.1-7.1c1.5-1.5 2.3-3.5 2.3-5.7 0-2.1-.8-4.2-2.3-5.7l-.7-.7c-.8-.8-.8-2 0-2.8.8-.8 2-.8 2.8 0l.7.7c2.3 2.3 3.5 5.3 3.5 8.5s-1.2 6.2-3.5 8.5l-7.1 7.1c-2.3 2.3-5.3 3.5-8.4 3.5z\" \/><\/svg>\t\t\t\t<\/span>\n\t\t\t\t<span class=\"c-blogLink__text\">\u30da\u30fc\u30b8\u304c\u898b\u3064\u304b\u308a\u307e\u305b\u3093\u3067\u3057\u305f \u2013 WOZ media<\/span>\n\t\t\t<\/a>\n\t\t<\/div>\n\n<div class=\"swell-block-postLink\">\t\t\t<a href=\"https:\/\/woz.co.jp\/jpmedia\/tmv\/\" class=\"c-blogLink -external\" data-style=\"slim\">\n\t\t\t\t<!-- <i class=\"c-blogLink__icon icon-link\" role=\"presentation\"><\/i> -->\n\t\t\t\t<span class=\"c-blogLink__icon\">\n\t\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"swl-svg-link __svg\" width=\"1em\" height=\"1em\" viewBox=\"0 0 48 48\" role=\"img\" aria-hidden=\"true\" focusable=\"false\"><path d=\"M21.2 30.2c-.5 0-1-.2-1.4-.6l-.7-.7c-2.3-2.3-3.5-5.3-3.5-8.5s1.2-6.2 3.5-8.5l7.1-7.1c2.3-2.3 5.3-3.5 8.5-3.5s6.2 1.2 8.5 3.5c4.7 4.7 4.7 12.3 0 17l-3.5 3.5c-.8.8-2 .8-2.8 0-.8-.8-.8-2 0-2.8l3.5-3.5c3.1-3.1 3.1-8.2 0-11.3-1.5-1.5-3.5-2.3-5.7-2.3-2.1 0-4.2.8-5.7 2.3l-7.1 7.1c-1.5 1.5-2.3 3.5-2.3 5.7s.8 4.2 2.3 5.7l.7.7c.8.8.8 2 0 2.8-.4.3-.9.5-1.4.5z\" \/><path d=\"M13.4 46.6c-3.1 0-6.1-1.2-8.5-3.5-2.3-2.3-3.5-5.3-3.5-8.5s1.2-6.2 3.5-8.5l3.5-3.5c.8-.8 2-.8 2.8 0 .8.8.8 2 0 2.8l-3.5 3.5c-1.5 1.5-2.3 3.5-2.3 5.7 0 2.1.8 4.2 2.3 5.7 3.1 3.1 8.2 3.1 11.3 0l7.1-7.1c1.5-1.5 2.3-3.5 2.3-5.7 0-2.1-.8-4.2-2.3-5.7l-.7-.7c-.8-.8-.8-2 0-2.8.8-.8 2-.8 2.8 0l.7.7c2.3 2.3 3.5 5.3 3.5 8.5s-1.2 6.2-3.5 8.5l-7.1 7.1c-2.3 2.3-5.3 3.5-8.4 3.5z\" \/><\/svg>\t\t\t\t<\/span>\n\t\t\t\t<span class=\"c-blogLink__text\">\u30da\u30fc\u30b8\u304c\u898b\u3064\u304b\u308a\u307e\u305b\u3093\u3067\u3057\u305f \u2013 WOZ media<\/span>\n\t\t\t<\/a>\n\t\t<\/div>\n\n\n<h3 class=\"wp-block-heading\">\u91d1\u5229\u25cb%\u5909\u52d5\u3067TBT\u306f\u3069\u306e\u304f\u3089\u3044\u52d5\u304f\uff1f\uff08\u7406\u8ad6\u4e0a\u306e\u76ee\u5b89\uff09<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306e\u5024\u52d5\u304d\u306e\u5927\u304d\u3055\u3092\u30a4\u30e1\u30fc\u30b8\u3059\u308b\u305f\u3081\u306b\u3001\u9577\u671f\u91d1\u5229\u304c\u5909\u52d5\u3057\u305f\u3068\u304d\u306e\u7406\u8ad6\u4e0a\u306e\u76ee\u5b89\u3092\u6574\u7406\u3057\u307e\u3059\u3002TLT\u306e\u5b9f\u52b9\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u91d1\u5229\u611f\u5fdc\u5ea6\uff09\u3092\u7d0415\u5e74\uff082026\u5e746\u6708\u6642\u70b9\uff09\u3068\u3059\u308b\u3068\u3001\u5bfe\u8c61\u6307\u6570\u306e\u5024\u52d5\u304d\u306f\u304a\u304a\u3088\u305d\u300c\u91d1\u5229\u5909\u52d5\u5e45\u00d715\u300d\u3067\u6982\u7b97\u3067\u304d\u307e\u3059\u3002TBT\u306f\u305d\u306e-2\u500d\u3092\u65e5\u6b21\u3067\u76ee\u6307\u3059\u305f\u3081\u30011\u65e5\u3042\u305f\u308a\u306e\u76ee\u5b89\u306f\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n\n\n<div class=\"c-scrollHint\"><span>\u30b9\u30af\u30ed\u30fc\u30eb\u3067\u304d\u307e\u3059 <i class=\"icon-more_arrow\"><\/i><\/span><\/div>\n<figure data-table-scrollable=\"both\" class=\"wp-block-table is-style-regular is-all-centered--va\"><table style=\"--table-width:680px;font-size:14px;\"><thead><tr><th>\u9577\u671f\u91d1\u5229\u306e\u5909\u52d5\uff081\u65e5\uff09<\/th><th>\u5bfe\u8c61\u6307\u6570\uff08\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\uff09\u306e\u6982\u7b97<\/th><th>TBT\uff08-2\u500d\uff09\u306e\u7406\u8ad6\u4e0a\u306e\u76ee\u5b89<\/th><\/tr><\/thead><tbody><tr><th>+0.1%\uff08\u91d1\u5229\u4e0a\u6607\uff09<\/th><td>\u7d04-1.5%<\/td><td>\u7d04+3%<\/td><\/tr><tr><th>+0.25%\uff08\u91d1\u5229\u4e0a\u6607\uff09<\/th><td>\u7d04-3.75%<\/td><td>\u7d04+7.5%<\/td><\/tr><tr><th>-0.1%\uff08\u91d1\u5229\u4f4e\u4e0b\uff09<\/th><td>\u7d04+1.5%<\/td><td>\u7d04-3%<\/td><\/tr><tr><th>-0.25%\uff08\u91d1\u5229\u4f4e\u4e0b\uff09<\/th><td>\u7d04+3.75%<\/td><td>\u7d04-7.5%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"is-style-icon_info wp-block-paragraph\">\u4e0a\u8868\u306f\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u91d1\u5229\u611f\u5fdc\u5ea6\uff09\u7d0415\u5e74\u00d7-2\u500d\u3067\u8a08\u7b97\u3057\u305f\u300c1\u65e5\u3042\u305f\u308a\u300d\u306e\u3054\u304f\u7c97\u3044\u6982\u7b97\u3067\u3059\u3002\u5b9f\u969b\u306e\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u91d1\u5229\u611f\u5fdc\u5ea6\uff09\u306f\u65e5\u3005\u5909\u52d5\u3057\u3001TBT\u306f\u65e5\u6b21\u30ea\u30bb\u30c3\u30c8\u578b\u306e\u305f\u3081\u30012\u55b6\u696d\u65e5\u4ee5\u4e0a\u306e\u4fdd\u6709\u3067\u306f\u8868\u306e\u6570\u5024\u3069\u304a\u308a\u306b\u306f\u306a\u308a\u307e\u305b\u3093\u3002\u9577\u671f\u3067\u306f\u8907\u5229\u52b9\u679c\u30fb\u6e1b\u4fa1\u306b\u3088\u308a\u4e56\u96e2\u3057\u307e\u3059\u3002\u3042\u304f\u307e\u3067\u30a4\u30e1\u30fc\u30b8\u3068\u3057\u3066\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002\uff082026\u5e746\u6708\u6642\u70b9\uff09<\/p>\n\n\n\n<h2 id=\"brokers\" class=\"wp-block-heading\">TBT\u306f\u56fd\u5185\u3067\u8cb7\u3048\u308b\uff1f\uff08\u53d6\u6271\u72b6\u6cc1\u3068\u8cb7\u3044\u65b9\uff09<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u7d50\u8ad6\u304b\u3089\u8a00\u3046\u3068\u30012026\u5e746\u6708\u6642\u70b9\u3067\u3001\u7de8\u96c6\u90e8\u304c\u56fd\u5185\u30cd\u30c3\u30c8\u8a3c\u52388\u793e\uff08SBI\u30fb\u697d\u5929\u30fb\u30de\u30cd\u30c3\u30af\u30b9\u30fb\u677e\u4e95\u30fb\u4e09\u83f1UFJ e\u30b9\u30de\u30fc\u30c8\u30fbDMM\u682a\u30fbmoomoo\u30fb\u30a6\u30a3\u30d6\u30eb\uff09\u3067\u8abf\u67fb\u3057\u305f\u7bc4\u56f2\u3067\u306f\u3001TBT\u3092\u73fe\u7269ETF\u3068\u3057\u3066\u8cb7\u4ed8\u3067\u304d\u308b\u8a3c\u5238\u4f1a\u793e\u3092\u78ba\u8a8d\u3067\u304d\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u6700\u65b0\u306e\u53d6\u6271\u72b6\u6cc1\u306f\u5fc5\u305a\u5404\u793e\u516c\u5f0f\u3067\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<p class=\"is-style-icon_info wp-block-paragraph\">\u53d6\u6271\u9298\u67c4\u306f\u968f\u6642\u5909\u66f4\u3055\u308c\u307e\u3059\u3002\u3053\u3053\u3067\u306e\u300c\u78ba\u8a8d\u3067\u304d\u306a\u304b\u3063\u305f\u300d\u306f2026\u5e746\u6708\u6642\u70b9\u30fb\u7de8\u96c6\u90e8\u8abf\u3079\u306e\u7d50\u679c\u3067\u3042\u308a\u3001\u5c06\u6765\u306e\u53d6\u6271\u3092\u5426\u5b9a\u3059\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u8cfc\u5165\u3092\u691c\u8a0e\u3059\u308b\u969b\u306f\u3001\u5404\u8a3c\u5238\u4f1a\u793e\u306e\u516c\u5f0f\u30b5\u30a4\u30c8\u30fb\u30ed\u30b0\u30a4\u30f3\u5f8c\u306e\u9298\u67c4\u691c\u7d22\u3067\u300cTBT\u300d\u3092\u5165\u529b\u3057\u3001\u6700\u65b0\u306e\u53d6\u6271\u72b6\u6cc1\u3092\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n<h3 id=\"how-to-buy\" class=\"wp-block-heading\">TBT\u3092\u8cb7\u3046\u306b\u306f<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u305d\u306e\u3082\u306e\u3092\u56fd\u5185\u3067\u53d6\u5f15\u3057\u305f\u3044\u5834\u5408\u3001\u73fe\u7269ETF\u3067\u306e\u53d6\u6271\u304c\u78ba\u8a8d\u3067\u304d\u306a\u3044\u305f\u3081\u3001\u73fe\u72b6\u306f\u6b21\u306e\u3088\u3046\u306a\u9078\u629e\u80a2\u3092\u4e2d\u7acb\u306b\u691c\u8a0e\u3059\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u3044\u305a\u308c\u3082\u4ed5\u7d44\u307f\u30fb\u30b3\u30b9\u30c8\u30fb\u30ea\u30b9\u30af\u304c\u7570\u306a\u308b\u305f\u3081\u3001\u5185\u5bb9\u3092\u7406\u89e3\u3057\u305f\u3046\u3048\u3067\u5224\u65ad\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<dl class=\"swell-block-dl is-style-border\">\n<dt class=\"swell-block-dl__dt\">\u540c\u65b9\u5411\u306eTMV\uff08-3\u500d\uff09\u3067\u4ee3\u66ff\u3059\u308b<\/dt>\n\n\n\n<dd class=\"swell-block-dl__dd\">\n<p class=\"wp-block-paragraph\">\u540c\u3058\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u306e\u30d9\u30a2\u578bETF\u3067\u3042\u308bDirexion\u306eTMV\uff08-3\u500d\uff09\u306f\u3001\u697d\u5929\u8a3c\u5238\u306a\u3069\u306e\u56fd\u5185\u30cd\u30c3\u30c8\u8a3c\u5238\u3067\u53d6\u6271\u304c\u78ba\u8a8d\u3067\u304d\u307e\u3059\u3002\uff082026\u5e746\u6708\u6642\u70b9\u30fb\u8981\u78ba\u8a8d\uff09\u500d\u7387\u304c-3\u500d\u3068TBT\u3088\u308a\u5927\u304d\u3044\u305f\u3081\u3001\u5024\u5e45\u3082\u6e1b\u4fa1\u3082\u5927\u304d\u304f\u306a\u308a\u3084\u3059\u3044\u70b9\u306b\u6ce8\u610f\u304c\u5fc5\u8981\u3067\u3059\u3002\u65b9\u5411\uff08\u91d1\u5229\u4e0a\u6607\u3067\u5229\u76ca\uff09\u306fTBT\u3068\u540c\u3058\u3067\u3059\u3002<\/p>\n<\/dd>\n\n\n\n<dt class=\"swell-block-dl__dt\">CFD\u3067\u7c73\u56fd\u50b5\u30d9\u30a2\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u53d6\u308b<\/dt>\n\n\n\n<dd class=\"swell-block-dl__dd\">\n<p class=\"wp-block-paragraph\">IG\u8a3c\u5238\u306a\u3069\u3067\u306f\u7c73\u56fd\u50b5\u306e\u50b5\u5238\u5148\u7269CFD\u3092\u53d6\u308a\u6271\u3063\u3066\u3044\u307e\u3059\u3002CFD\u306f\u5dee\u91d1\u6c7a\u6e08\u3067\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u3084\u8a3c\u62e0\u91d1\u30fb\u30b9\u30ef\u30c3\u30d7\u30fb\u53d6\u5f15\u6642\u9593\u306a\u3069ETF\u3068\u306f\u4ed5\u7d44\u307f\u304c\u7570\u306a\u308a\u307e\u3059\u3002TBT\u305d\u306e\u3082\u306e\u306e\u4ee3\u66ff\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u7c73\u56fd\u50b5\u306e\u30b7\u30e7\u30fc\u30c8\u306b\u8fd1\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u53d6\u308b\u624b\u6bb5\u3068\u3057\u3066\u691c\u8a0e\u3055\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30b3\u30b9\u30c8\u30fb\u30ea\u30b9\u30af\u306f\u5404\u793e\u306e\u8aac\u660e\u3092\u5fc5\u305a\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<\/dd>\n\n\n\n<dt class=\"swell-block-dl__dt\">\u5404\u793e\u306e\u6700\u65b0\u306e\u53d6\u6271\u72b6\u6cc1\u3092\u78ba\u8a8d\u3059\u308b<\/dt>\n\n\n\n<dd class=\"swell-block-dl__dd\">\n<p class=\"wp-block-paragraph\">\u7c73\u56fdETF\u306e\u53d6\u6271\u9298\u67c4\u306f\u968f\u6642\u8ffd\u52a0\u30fb\u5909\u66f4\u3055\u308c\u307e\u3059\u3002\u4eca\u5f8cTBT\u306e\u53d6\u6271\u304c\u59cb\u307e\u308b\u53ef\u80fd\u6027\u3082\u3042\u308b\u305f\u3081\u3001\u7c73\u56fd\u682a\u30fb\u7c73\u56fdETF\u3092\u6271\u3046\u5404\u8a3c\u5238\u4f1a\u793e\u306e\u516c\u5f0f\u30b5\u30a4\u30c8\u3084\u9298\u67c4\u691c\u7d22\u3067\u3001\u6700\u65b0\u306e\u53d6\u6271\u72b6\u6cc1\u3092\u90fd\u5ea6\u78ba\u8a8d\u3059\u308b\u306e\u304c\u78ba\u5b9f\u3067\u3059\u3002<\/p>\n<\/dd>\n<\/dl>\n\n\n\n<p class=\"is-style-icon_good wp-block-paragraph\">\u7de8\u96c6\u90e8\u304c2026\u5e746\u6708\u306b\u4e0a\u8a188\u793e\u306e\u7c73\u56fd\u682a\u30fbETF\u53d6\u6271\u4e00\u89a7\u304a\u3088\u3073\u9298\u67c4\u691c\u7d22\u3092\u78ba\u8a8d\u3057\u305f\u7bc4\u56f2\u3067\u306f\u3001TBT\u306e\u73fe\u7269\u53d6\u6271\u306f\u78ba\u8a8d\u3067\u304d\u307e\u305b\u3093\u3067\u3057\u305f\u3002\u4e00\u65b9\u3001\u540c\u65b9\u5411\u306eTMV\uff08-3\u500d\uff09\u306f\u56fd\u5185\u30cd\u30c3\u30c8\u8a3c\u5238\u3067\u53d6\u6271\u304c\u78ba\u8a8d\u3067\u304d\u307e\u3057\u305f\u3002\u53d6\u6271\u72b6\u6cc1\u306f\u5909\u66f4\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u305f\u3081\u3001\u8cfc\u5165\u524d\u306b\u5404\u793e\u516c\u5f0f\u3067\u306e\u518d\u78ba\u8a8d\u3092\u304a\u3059\u3059\u3081\u3057\u307e\u3059\u3002<\/p>\n\n\n\n\n<div class=\"wp-block-group is-style-bg_grid has-border -border04\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-align-center u-mb-0 u-mb-ctrl wp-block-paragraph\" style=\"line-height:2\"><span class=\"swl-fz u-fz-s\">\uff3c \u7c73\u56fdETF\u53d6\u6271\u9298\u67c4\u6570\u30c8\u30c3\u30d7\u30af\u30e9\u30b9\uff01\u95a2\u9023ETF\u3082\u307e\u3068\u3081\u3066\u6bd4\u8f03\u3067\u304d\u308b \uff0f<\/span><\/p>\n\n\n\n<div class=\"swell-block-button blue_ -size-l is-style-btn_normal\"><a href=\"https:\/\/woz.co.jp\/jpmedia\/go\/sbi-sec-index\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"swell-block-button__link\" data-has-icon=\"1\"><span>SBI\u8a3c\u5238 \u516c\u5f0f\u30b5\u30a4\u30c8\u3078<\/span><svg class=\"__icon -right\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" viewBox=\"0 0 48 48\"><path d=\"m33 25.1-13.1 13c-.8.8-2 .8-2.8 0-.8-.8-.8-2 0-2.8L28.4 24 17.1 12.7c-.8-.8-.8-2 0-2.8.8-.8 2-.8 2.8 0l13.1 13c.6.6.6 1.6 0 2.2z\"><\/path><\/svg><\/a><\/div>\n<\/div><\/div>\n\n\n<h2 id=\"select\" class=\"wp-block-heading\">\u8a3c\u5238\u4f1a\u793e\u3092\u9078\u3076\u3068\u304d\u306e\u6bd4\u8f03\u30dd\u30a4\u30f3\u30c8<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u3084\u540c\u65b9\u5411\u306eTMV\u306a\u3069\u7c73\u56fd\u50b5\u30ec\u30d0\u30ec\u30c3\u30b8\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u3092\u53d6\u5f15\u3059\u308b\u8a3c\u5238\u4f1a\u793e\u3092\u9078\u3076\u969b\u306f\u3001\u300c\u53d6\u6271\u3044\u304c\u3042\u308b\u304b\u300d\u3060\u3051\u3067\u306a\u304f\u4ee5\u4e0b\u306e5\u70b9\u3082\u78ba\u8a8d\u3057\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<dl class=\"swell-block-dl is-style-border\">\n<dt class=\"swell-block-dl__dt\">\u7c73\u56fdETF\u306e\u53d6\u6271\u9298\u67c4\u6570<\/dt>\n\n\n\n<dd class=\"swell-block-dl__dd\">\n<p class=\"wp-block-paragraph\">TLT\u3084TMV\u3001TMF\u306e\u3088\u3046\u306a\u6709\u540d\u9298\u67c4\u306f\u8907\u6570\u793e\u3067\u53d6\u308a\u6271\u308f\u308c\u3066\u3044\u307e\u3059\u304c\u3001TBT\u306e\u3088\u3046\u306b\u53d6\u6271\u304c\u9650\u3089\u308c\u308b\u9298\u67c4\u3082\u3042\u308a\u307e\u3059\u3002\u4eca\u5f8c\u307b\u304b\u306e\u30ec\u30d0\u30ec\u30c3\u30b8ETF\u3082\u53d6\u5f15\u3057\u305f\u3044\u306a\u3089\u3001\u53d6\u6271\u9298\u67c4\u6570\u304c\u591a\u3044\u8a3c\u5238\u4f1a\u793e\u304c\u4fbf\u5229\u3067\u3059\u3002<\/p>\n<\/dd>\n\n\n\n<dt class=\"swell-block-dl__dt\">\u7c73\u56fd\u682a\u30fb\u7c73\u56fdETF\u306e\u58f2\u8cb7\u624b\u6570\u6599<\/dt>\n\n\n\n<dd class=\"swell-block-dl__dd\">\n<p 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class=\"wp-block-paragraph\">-2\u500d\u306eTBT\u3067\u3082\u5024\u52d5\u304d\u306f\u5927\u304d\u3044\u305f\u3081\u3001\u901a\u5e38\u306eETF\u3088\u308a\u3082\u5c0f\u3055\u306a\u6295\u8cc7\u984d\u304b\u3089\u59cb\u3081\u308b\u306e\u304c\u7121\u96e3\u3067\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6226\u75654\uff1a\u4fdd\u6709\u50b5\u5238\u306e\u91d1\u5229\u4e0a\u6607\u30d8\u30c3\u30b8<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u4fdd\u6709\u4e2d\u306e\u9577\u671f\u50b5ETF\u3084\u50b5\u5238\u30d5\u30a1\u30f3\u30c9\u306e\u4fa1\u683c\u4e0b\u843d\u30ea\u30b9\u30af\u3092\u3001\u4e00\u6642\u7684\u306b\u30d8\u30c3\u30b8\u3059\u308b\u76ee\u7684\u3067TBT\u304c\u4f7f\u308f\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002TLT\u306e\u3088\u3046\u306a\u9577\u671f\u50b5ETF\u3092\u4fdd\u6709\u3059\u308b\u6295\u8cc7\u5bb6\u304c\u3001\u77ed\u671f\u7684\u306a\u91d1\u5229\u4e0a\u6607\u3092\u8b66\u6212\u3057\u3066TBT\u3067\u30d8\u30c3\u30b8\u3092\u4e57\u305b\u308b\u30b1\u30fc\u30b9\u3067\u3059\u3002\u91d1\u5229\u304c\u4e0a\u304c\u308c\u3070TBT\u306e\u4e0a\u6607\u304c\u4fdd\u6709\u50b5\u5238\u306e\u4e0b\u843d\u3092\u4e00\u90e8\u76f8\u6bba\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30d8\u30c3\u30b8\u6bd4\u7387\u3092\u9593\u9055\u3048\u308b\u3068\u904e\u5270\u30d8\u30c3\u30b8\u3084\u60f3\u5b9a\u5916\u306e\u640d\u5931\u306b\u3064\u306a\u304c\u308b\u305f\u3081\u3001\u4fdd\u6709\u8cc7\u7523\u3068TBT\u306e\u5bfe\u8c61\u4e00\u81f4\uff08\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08\u91d1\u5229\u611f\u5fdc\u5ea6\uff09\u306e\u8fd1\u3055\uff09\u30fb-2\u500d\u3068\u3044\u3046\u500d\u7387\u30fb\u30d8\u30c3\u30b8\u671f\u9593\u30fb\u91d1\u5229\u304c\u53cd\u8ee2\u3057\u3066\u4f4e\u4e0b\u3057\u305f\u3068\u304d\u306e\u64a4\u9000\u30eb\u30fc\u30eb\u30fb\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u6226\u75655\uff1a\u91d1\u5229\u898b\u901a\u3057\u3092\u4f7f\u3063\u305f\u50b5\u5238\u30ec\u30d0\u30ec\u30c3\u30b8ETF\u6226\u7565<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u7c73\u56fd\u50b5\u30ec\u30d0\u30ec\u30c3\u30b8\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u306f\u91d1\u5229\u898b\u901a\u3057\u3092\u3082\u3068\u306b\u53d6\u5f15\u3055\u308c\u307e\u3059\u3002\u4e00\u822c\u306b\u9577\u671f\u91d1\u5229\u304c\u4f4e\u4e0b\u3059\u308b\u3068\u9577\u671f\u50b5\u4fa1\u683c\u306f\u4e0a\u6607\u3057\u3001\u4e0a\u6607\u3059\u308b\u3068\u4e0b\u843d\u3057\u307e\u3059\u3002\u91d1\u5229\u4f4e\u4e0b\u3092\u898b\u8fbc\u3080\u306a\u3089TMF\u306e\u3088\u3046\u306a\u9577\u671f\u50b5\u30d6\u30eb\u578b\u3001\u91d1\u5229\u4e0a\u6607\u3092\u898b\u8fbc\u3080\u306a\u3089TBT\u3084TMV\u306e\u3088\u3046\u306a\u30d9\u30a2\u578b\u304c\u691c\u8a0e\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f-2\u500d\u3001TMV\u306f-3\u500d\u3068\u500d\u7387\u304c\u7570\u306a\u308b\u305f\u3081\u3001\u76f8\u5834\u89b3\u306e\u5f37\u3055\u3068\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6\u3067\u4f7f\u3044\u5206\u3051\u307e\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u91d1\u5229\u306f\u682a\u4fa1\u4ee5\u4e0a\u306b\u4e88\u6e2c\u304c\u96e3\u3057\u3044\u5834\u5408\u304c\u3042\u308a\u3001FOMC\u30fbCPI\u30fb\u96c7\u7528\u7d71\u8a08\u30fb\u7c73\u56fd\u50b5\u5165\u672d\u30fb\u8ca1\u653f\u8d64\u5b57\u30fb\u30a4\u30f3\u30d5\u30ec\u671f\u5f85\u30fb\u30c9\u30eb\u5186\u306a\u3069\u8907\u6570\u8981\u56e0\u304c\u7d61\u3080\u305f\u3081\u3001\u682a\u5f0fETF\u3068\u306f\u7570\u306a\u308b\u8996\u70b9\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2026\u5e745\u6708\u6642\u70b9\u3067\u306fFOMC\u304c\u636e\u3048\u7f6e\u304d\u3092\u7d99\u7d9a\u3057\u300110\u5e74\u50b5\u5229\u56de\u308a\u306f4.5\u301c4.6%\u524d\u5f8c\u3067\u65b9\u5411\u611f\u3092\u63a2\u308b\u5c55\u958b\u304c\u7d9a\u3044\u3066\u304a\u308a\u3001\u91d1\u5229\u306e\u4e0a\u4e0b\u3069\u3061\u3089\u306b\u3082\u632f\u308c\u5f97\u308b\u70b9\u3092\u8e0f\u307e\u3048\u3066\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u7ba1\u7406\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n<h2 id=\"checklist\" class=\"wp-block-heading\">TBT\u3092\u8cb7\u3046\u524d\u306b\u78ba\u8a8d\u3057\u305f\u3044\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u8cfc\u5165\u30dc\u30bf\u30f3\u3092\u62bc\u3059\u524d\u306b\u3001\u4ee5\u4e0b\u306e9\u9805\u76ee\u3092\u30bb\u30eb\u30d5\u30c1\u30a7\u30c3\u30af\u3057\u307e\u3057\u3087\u3046\u30021\u3064\u3067\u3082\u300c\u3044\u3044\u3048\u300d\u304c\u3042\u308c\u3070\u3001\u8cfc\u5165\u3092\u4e00\u5ea6\u7acb\u3061\u6b62\u307e\u3063\u3066\u691c\u8a0e\u3057\u76f4\u3059\u3053\u3068\u3092\u304a\u3059\u3059\u3081\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list is-style-check_list\">\n<li>\u5bfe\u8c61\u304c\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u3067\u3001\u91d1\u5229\u3068\u4fa1\u683c\u304c\u9006\u306b\u52d5\u304f\u3053\u3068\u3092\u7406\u89e3\u3057\u3066\u3044\u308b\u304b<\/li>\n\n\n\n<li>\u30d9\u30a2\u578b\u30fb-2\u500d\u3067\u3001\u91d1\u5229\u4e0a\u6607\u6642\u306b\u5024\u4e0a\u304c\u308a\u3059\u308b\u65b9\u5411\u3060\u3068\u78ba\u8a8d\u3057\u305f\u304b<\/li>\n\n\n\n<li>\u65e5\u6b21\u30ea\u30bb\u30c3\u30c8\u578b\u3067\u30012\u55b6\u696d\u65e5\u4ee5\u4e0a\u3067\u306f-2\u500d\u3069\u304a\u308a\u306b\u306a\u3089\u306a\u3044\u53ef\u80fd\u6027\u3092\u7406\u89e3\u3057\u3066\u3044\u308b\u304b<\/li>\n\n\n\n<li>\u9577\u671f\u4fdd\u6709\u3067\u6e1b\u4fa1\u30fb\u4e56\u96e2\u304c\u8d77\u304d\u308b\u53ef\u80fd\u6027\u3092\u7406\u89e3\u3057\u3066\u3044\u308b\u304b<\/li>\n\n\n\n<li>\u7d4c\u8cbb\u7387\uff080.93%\uff09\u30fb\u7d14\u8cc7\u7523\u30fb\u5e73\u5747\u51fa\u6765\u9ad8\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9\u3092\u78ba\u8a8d\u3057\u305f\u304b<\/li>\n\n\n\n<li>\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u8003\u616e\u3057\u3001\u6295\u8cc7\u984d\u3092\u7dcf\u8cc7\u7523\u306e\u4e00\u90e8\u306b\u6291\u3048\u3066\u3044\u308b\u304b<\/li>\n\n\n\n<li>\u640d\u5207\u308a\u30e9\u30a4\u30f3\u30fb\u5229\u78ba\u30eb\u30fc\u30eb\u3092\u6c7a\u3081\u3066\u3044\u308b\u304b\uff08\u91d1\u5229\u304c\u9006\u884c\u3057\u305f\u3068\u304d\u306e\u64a4\u9000\u6761\u4ef6\uff09<\/li>\n\n\n\n<li>FOMC\u30fbCPI\u30fb\u96c7\u7528\u7d71\u8a08\u30fb\u7c73\u56fd\u50b5\u5165\u672d\u306e\u65e5\u7a0b\u3068\u3001\u91d1\u5229\u30c1\u30e3\u30fc\u30c8\u3092\u78ba\u8a8d\u3057\u305f\u304b<\/li>\n\n\n\n<li>TMV\u306a\u3069\u95a2\u9023ETF\u3068\u6bd4\u8f03\u3057\u3001\u56fd\u5185\u3067\u306e\u53d6\u6271\u72b6\u6cc1\u30fb\u624b\u6570\u6599\u30fb\u70ba\u66ff\u30b3\u30b9\u30c8\u30fbNISA\u5bfe\u5fdc\u3092\u78ba\u8a8d\u3057\u305f\u304b<\/li>\n<\/ul>\n\n\n\n<h2 id=\"suitable\" class=\"wp-block-heading\">TBT\u306b\u5411\u3044\u3066\u3044\u308b\u4eba\u30fb\u5411\u3044\u3066\u3044\u306a\u3044\u4eba<\/h2>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-intext\" data-colset=\"col3\"><div class=\"cap_box_ttl\"><span>\u5411\u3044\u3066\u3044\u308b\u4eba<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list is-style-good_list\">\n<li>\u7c73\u56fdETF\u30fb\u6d77\u5916ETF\u306e\u53d6\u5f15\u7d4c\u9a13\u304c\u3042\u308a\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u306e\u4ed5\u7d44\u307f\u3092\u7406\u89e3\u3057\u3066\u3044\u308b<\/li>\n\n\n\n<li>\u91d1\u5229\u30fbFOMC\u30fb\u30a4\u30f3\u30d5\u30ec\u6307\u6a19\u3092\u8ffd\u3063\u3066\u304a\u308a\u3001\u9577\u671f\u91d1\u5229\u306e\u65b9\u5411\u611f\u306b\u76f8\u5834\u89b3\u3092\u6301\u3066\u308b<\/li>\n\n\n\n<li>\u640d\u5207\u308a\u30eb\u30fc\u30eb\u3092\u5b88\u308c\u3001\u6295\u8cc7\u984d\u3092\u7ba1\u7406\u3067\u304d\u308b<\/li>\n\n\n\n<li>\u70ba\u66ff\u30ea\u30b9\u30af\u3092\u7406\u89e3\u3057\u3001\u30a4\u30d9\u30f3\u30c8\u524d\u5f8c\u306e\u4fa1\u683c\u5909\u52d5\u306e\u5927\u304d\u3055\u3092\u8a31\u5bb9\u3067\u304d\u308b<\/li>\n\n\n\n<li>\u4fdd\u6709\u3059\u308b\u9577\u671f\u50b5\u30fb\u50b5\u5238\u30d5\u30a1\u30f3\u30c9\u306e\u91d1\u5229\u4e0a\u6607\u30ea\u30b9\u30af\u3092\u77ed\u671f\u7684\u306b\u30d8\u30c3\u30b8\u3057\u305f\u3044<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<div class=\"swell-block-capbox cap_box is-style-intext\" data-colset=\"col1\"><div class=\"cap_box_ttl\"><span>\u5411\u3044\u3066\u3044\u306a\u3044\u4eba<\/span><\/div><div class=\"cap_box_content\">\n<ul class=\"wp-block-list is-style-bad_list\">\n<li>\u6295\u8cc7\u521d\u5fc3\u8005\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u306e\u4ed5\u7d44\u307f\u3092\u7406\u89e3\u3057\u3066\u3044\u306a\u3044\u4eba<\/li>\n\n\n\n<li>\u5024\u52d5\u304d\u306e\u5927\u304d\u3055\u306b\u8010\u3048\u3089\u308c\u306a\u3044\u3001\u640d\u5207\u308a\u304c\u82e6\u624b\u306a\u4eba<\/li>\n\n\n\n<li>\u9577\u671f\u3067\u653e\u7f6e\u3057\u305f\u3044\u4eba\u3001\u300c\u91d1\u5229\u306f\u3044\u305a\u308c\u4e0a\u304c\u308b\u304b\u3089\u6301\u3061\u7d9a\u3051\u308c\u3070\u3088\u3044\u300d\u3068\u8aa4\u89e3\u3057\u3066\u3044\u308b\u4eba<\/li>\n\n\n\n<li>\u751f\u6d3b\u8cc7\u91d1\u3084\u8fd1\u3044\u5c06\u6765\u4f7f\u3046\u8cc7\u91d1\u3067\u6295\u8cc7\u3057\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u4eba<\/li>\n\n\n\n<li>\u4fa1\u683c\u3084\u91d1\u5229\u3092\u6bce\u65e5\u78ba\u8a8d\u3067\u304d\u306a\u3044\u4eba<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<p class=\"wp-block-paragraph\">\u300c\u5411\u3044\u3066\u3044\u306a\u3044\u4eba\u300d\u306b\u5f53\u3066\u306f\u307e\u308b\u5834\u5408\u306f\u3001\u307e\u305aTLT\u306e\u3088\u3046\u306a1\u500d\u306e\u901a\u5e38ETF\u3084\u6295\u8cc7\u4fe1\u8a17\u3067\u50b5\u5238\u30fb\u91d1\u5229\u306e\u5024\u52d5\u304d\u306b\u6163\u308c\u308b\u306e\u304c\u73fe\u5b9f\u7684\u3067\u3059\u3002\u30ec\u30d0\u30ec\u30c3\u30b8\u30fb\u30a4\u30f3\u30d0\u30fc\u30b9ETF\u306f\u3001\u3044\u3064\u3067\u3082\u30fb\u8ab0\u306b\u3067\u3082\u5fc5\u8981\u306a\u5546\u54c1\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n\n<div class=\"wp-block-group is-style-bg_grid has-border -border04\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-align-center u-mb-0 u-mb-ctrl wp-block-paragraph\" style=\"line-height:2\"><span class=\"swl-fz u-fz-s\">\uff3c \u7c73\u56fd\u682a\u306e\u5206\u6790\u30fb\u6ce8\u6587\u6a5f\u80fd\u304c\u5145\u5b9f\uff01\u4e2d\u4e0a\u7d1a\u8005\u5411\u3051\u306e\u9ad8\u6a5f\u80fd\u8a3c\u5238\u4f1a\u793e \uff0f<\/span><\/p>\n\n\n\n<div class=\"swell-block-button blue_ -size-l is-style-btn_normal\"><a href=\"https:\/\/woz.co.jp\/jpmedia\/go\/monex-sec-index\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"swell-block-button__link\" data-has-icon=\"1\"><span>\u30de\u30cd\u30c3\u30af\u30b9\u8a3c\u5238 \u516c\u5f0f\u30b5\u30a4\u30c8\u3078<\/span><svg class=\"__icon -right\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" viewBox=\"0 0 48 48\"><path d=\"m33 25.1-13.1 13c-.8.8-2 .8-2.8 0-.8-.8-.8-2 0-2.8L28.4 24 17.1 12.7c-.8-.8-.8-2 0-2.8.8-.8 2-.8 2.8 0l13.1 13c.6.6.6 1.6 0 2.2z\"><\/path><\/svg><\/a><\/div>\n<\/div><\/div>\n\n\n<h2 id=\"howto\" class=\"wp-block-heading\">TBT\uff08\u307e\u305f\u306f\u4ee3\u66ff\u624b\u6bb5\uff09\u306e\u8cfc\u5165\u624b\u9806<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">TBT\u306f2026\u5e746\u6708\u6642\u70b9\u3067\u56fd\u5185\u30cd\u30c3\u30c8\u8a3c\u5238\u3067\u306e\u73fe\u7269\u53d6\u6271\u3092\u78ba\u8a8d\u3067\u304d\u306a\u3044\u305f\u3081\u3001\u53d6\u6271\u304c\u78ba\u8a8d\u3067\u304d\u308b\u5834\u5408\u306e\u4e00\u822c\u7684\u306a\u6d41\u308c\u3068\u3001\u78ba\u8a8d\u3067\u304d\u306a\u3044\u5834\u5408\u306e\u4ee3\u66ff\u624b\u6bb5\u3092\u6574\u7406\u3057\u307e\u3059\u3002\u3059\u3067\u306b\u7c73\u56fd\u682a\u53e3\u5ea7\u3092\u6301\u3063\u3066\u3044\u308b\u5834\u5408\u306f\u3001STEP4\u304b\u3089\u59cb\u3081\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<div class=\"swell-block-step\" data-num-style=\"circle\">\n<div class=\"swell-block-step__item\"><div class=\"swell-block-step__number u-bg-main\"><span class=\"__label\">STEP<\/span><\/div><div class=\"swell-block-step__title u-fz-l\">\u53d6\u6271\u306e\u3042\u308b\u8a3c\u5238\u4f1a\u793e\u3092\u78ba\u8a8d\u306e\u3046\u3048\u53e3\u5ea7\u3092\u958b\u8a2d\u3059\u308b<\/div><div class=\"swell-block-step__body\">\n<p class=\"wp-block-paragraph\">\u7c73\u56fd\u682a\u30fb\u7c73\u56fdETF\u3092\u53d6\u5f15\u3067\u304d\u308b\u56fd\u5185\u8a3c\u5238\u4f1a\u793e\u306e\u3046\u3061\u3001TBT\uff08\u307e\u305f\u306f\u4ee3\u66ff\u306eTMV\u306a\u3069\uff09\u3092\u53d6\u308a\u6271\u3063\u3066\u3044\u308b\u8a3c\u5238\u4f1a\u793e\u3092\u516c\u5f0f\u30b5\u30a4\u30c8\u3067\u78ba\u8a8d\u3057\u3001\u53e3\u5ea7\u3092\u958b\u8a2d\u3057\u307e\u3059\u3002TBT\u81ea\u4f53\u306e\u53d6\u6271\u304c\u78ba\u8a8d\u3067\u304d\u306a\u3044\u5834\u5408\u306f\u3001\u540c\u65b9\u5411\u306eTMV\u306e\u53d6\u6271\u6709\u7121\u3082\u3042\u308f\u305b\u3066\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"swell-block-step__item\"><div class=\"swell-block-step__number u-bg-main\"><span class=\"__label\">STEP<\/span><\/div><div class=\"swell-block-step__title u-fz-l\">\u7c73\u56fd\u682a\u53d6\u5f15\u53e3\u5ea7\u3092\u6709\u52b9\u5316\u3059\u308b<\/div><div class=\"swell-block-step__body\">\n<p class=\"wp-block-paragraph\">\u7dcf\u5408\u53e3\u5ea7\u306e\u958b\u8a2d\u5f8c\u3001\u7c73\u56fd\u682a\u53d6\u5f15\u306e\u8a2d\u5b9a\u304c\u5fc5\u8981\u306b\u306a\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u5916\u56fd\u682a\u53d6\u5f15\u53e3\u5ea7\u30fb\u70ba\u66ff\u53d6\u5f15\u30fb\u5916\u8ca8\u6c7a\u6e08\u306a\u3069\u306e\u8a2d\u5b9a\u3092\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"swell-block-step__item\"><div class=\"swell-block-step__number u-bg-main\"><span class=\"__label\">STEP<\/span><\/div><div class=\"swell-block-step__title u-fz-l\">\u5165\u91d1\u30fb\u7c73\u30c9\u30eb\u3078\u306e\u4e21\u66ff<\/div><div class=\"swell-block-step__body\">\n<p class=\"wp-block-paragraph\">\u8a3c\u5238\u53e3\u5ea7\u306b\u65e5\u672c\u5186\u3092\u5165\u91d1\u3057\u307e\u3059\u3002\u5186\u8ca8\u6c7a\u6e08\u3067\u8cfc\u5165\u3067\u304d\u308b\u5834\u5408\u3068\u3001\u4e8b\u524d\u306b\u7c73\u30c9\u30eb\u3078\u4e21\u66ff\u3059\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u5916\u8ca8\u6c7a\u6e08\u3092\u5229\u7528\u3059\u308b\u5834\u5408\u306f\u65e5\u672c\u5186\u3092\u7c73\u30c9\u30eb\u306b\u4e21\u66ff\u3057\u307e\u3059\u3002\uff08\u70ba\u66ff\u624b\u6570\u6599\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9\u306f\u8a3c\u5238\u4f1a\u793e\u306b\u3088\u3063\u3066\u7570\u306a\u308a\u307e\u3059\uff09<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"swell-block-step__item\"><div class=\"swell-block-step__number u-bg-main\"><span class=\"__label\">STEP<\/span><\/div><div class=\"swell-block-step__title u-fz-l\">\u30c6\u30a3\u30c3\u30ab\u30fc\u3067\u691c\u7d22\u3057\u3066\u53d6\u6271\u30fb\u6ce8\u6587\u65b9\u6cd5\u3092\u78ba\u8a8d\u3059\u308b<\/div><div class=\"swell-block-step__body\">\n<p class=\"wp-block-paragraph\">\u7c73\u56fd\u682a\u30fbETF\u306e\u691c\u7d22\u753b\u9762\u3067\u300cTBT\u300d\u3068\u5165\u529b\u3057\u3001\u53d6\u6271\u306e\u6709\u7121\u3092\u78ba\u8a8d\u3057\u307e\u3059\u3002\u53d6\u6271\u304c\u306a\u3051\u308c\u3070\u540c\u65b9\u5411\u306eTMV\uff08-3\u500d\uff09\u3084\u53cd\u5bfe\u65b9\u5411\u306eTMF\uff08+3\u500d\uff09\u3068\u9593\u9055\u3048\u306a\u3044\u3088\u3046\u3001\u6b63\u5f0f\u540d\u79f0\u30fb\u904b\u7528\u4f1a\u793e\u30fb\u500d\u7387\u30fb\u65b9\u5411\u3092\u5fc5\u305a\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002\u5024\u52d5\u304d\u304c\u5927\u304d\u3044\u305f\u3081\u3001\u57fa\u672c\u7684\u306b\u306f\u6307\u5024\u6ce8\u6587\u3092\u691c\u8a0e\u3057\u307e\u3059\u3002<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"swell-block-step__item\"><div class=\"swell-block-step__number u-bg-main\"><span class=\"__label\">STEP<\/span><\/div><div class=\"swell-block-step__title u-fz-l\">\u8cfc\u5165\u5f8c\u3082\u5b9a\u671f\u7684\u306b\u78ba\u8a8d\u3059\u308b<\/div><div class=\"swell-block-step__body\">\n<p class=\"wp-block-paragraph\">TBT\u3084TMV\u306f\u9577\u671f\u3067\u653e\u7f6e\u3059\u308b\u5546\u54c1\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u8cfc\u5165\u5f8c\u306f\u4fa1\u683c\u30fb\u9577\u671f\u91d1\u5229\u30fb\u70ba\u66ff\u30fbFOMC\u3084CPI\u306a\u3069\u306e\u30a4\u30d9\u30f3\u30c8\u65e5\u7a0b\u3092\u5b9a\u671f\u7684\u306b\u78ba\u8a8d\u3057\u307e\u3057\u3087\u3046\u3002<\/p>\n<\/div><\/div>\n<\/div>\n\n\n\n<p class=\"is-style-icon_info wp-block-paragraph\">2026\u5e746\u6708\u6642\u70b9\u3067TBT\u306e\u73fe\u7269\u53d6\u6271\u306f\u78ba\u8a8d\u3067\u304d\u3066\u3044\u307e\u305b\u3093\u3002\u53d6\u6271\u306e\u3042\u308b\u8a3c\u5238\u4f1a\u793e\u3092\u78ba\u8a8d\u306e\u3046\u3048\u3001\u6700\u65b0\u306e\u53d6\u6271\u72b6\u6cc1\u30fb\u624b\u6570\u6599\u30fb\u70ba\u66ff\u30b3\u30b9\u30c8\u30fb\u6ce8\u6587\u65b9\u6cd5\u3092\u5404\u793e\u516c\u5f0f\u3067\u3054\u78ba\u8a8d\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n\n<div class=\"wp-block-group is-style-bg_grid has-border -border04\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-align-center u-mb-0 u-mb-ctrl wp-block-paragraph\" style=\"line-height:2\"><span class=\"swl-fz u-fz-s\">\uff3c \u30b7\u30f3\u30d7\u30eb\u306a\u53d6\u5f15\u753b\u9762\u3068\u5145\u5b9f\u30b5\u30dd\u30fc\u30c8\uff01\u7c73\u56fd\u682a\u3082\u53d6\u6271\u62e1\u5145\u4e2d \uff0f<\/span><\/p>\n\n\n\n<div class=\"swell-block-button blue_ -size-l is-style-btn_normal\"><a href=\"https:\/\/woz.co.jp\/jpmedia\/go\/matsui-sec-index\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"swell-block-button__link\" data-has-icon=\"1\"><span>\u677e\u4e95\u8a3c\u5238 \u516c\u5f0f\u30b5\u30a4\u30c8\u3078<\/span><svg class=\"__icon -right\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" viewBox=\"0 0 48 48\"><path d=\"m33 25.1-13.1 13c-.8.8-2 .8-2.8 0-.8-.8-.8-2 0-2.8L28.4 24 17.1 12.7c-.8-.8-.8-2 0-2.8.8-.8 2-.8 2.8 0l13.1 13c.6.6.6 1.6 0 2.2z\"><\/path><\/svg><\/a><\/div>\n<\/div><\/div>\n\n\n<h2 id=\"faq\" class=\"wp-block-heading\">TBT\u306e\u3088\u304f\u3042\u308b\u8cea\u554f<\/h2>\n\n\n\n<dl class=\"swell-block-faq\" data-q=\"fill-custom\" data-a=\"fill-custom\">\n<div class=\"swell-block-faq__item\"><dt class=\"faq_q\">TBT&#12399;&#38263;&#26399;&#25237;&#36039;&#12395;&#21521;&#12356;&#12390;&#12356;&#12414;&#12377;&#12363;&#65311;<\/dt><dd class=\"faq_a\">\n<p class=\"wp-block-paragraph\">&#19968;&#33324;&#30340;&#12395;&#12399;&#38263;&#26399;&#25237;&#36039;&#12424;&#12426;&#12418;&#30701;&#26399;&#22770;&#36023;&#12420;&#12504;&#12483;&#12472;&#21521;&#12365;&#12398;&#21830;&#21697;&#12391;&#12377;&#12290;TBT&#12399;1&#26085;&#12398;&#20516;&#21205;&#12365;&#12395;&#23550;&#12375;&#12390;-2&#20493;&#12434;&#30446;&#25351;&#12377;&#35373;&#35336;&#12398;&#12383;&#12417;&#12289;&#38263;&#26399;&#12391;&#12399;&#23550;&#35937;&#25351;&#25968;&#12398;&#32047;&#31309;&#12522;&#12479;&#12540;&#12531;&#12395;&#21336;&#32020;&#12395;-2&#20493;&#12434;&#12363;&#12369;&#12383;&#32080;&#26524;&#12392;&#12399;&#19968;&#33268;&#12375;&#12394;&#12356;&#21487;&#33021;&#24615;&#12364;&#12354;&#12426;&#12414;&#12377;&#12290;&#29305;&#12395;&#38263;&#26399;&#37329;&#21033;&#12364;&#19978;&#19979;&#12395;&#22823;&#12365;&#12367;&#25391;&#12428;&#12427;&#30456;&#22580;&#12391;&#12399;&#28187;&#20385;&#12398;&#24433;&#38911;&#12434;&#21463;&#12369;&#12420;&#12377;&#12367;&#12394;&#12426;&#12414;&#12377;&#12290;<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\"><dt class=\"faq_q\">TBT&#12399;NISA&#12391;&#36023;&#12360;&#12414;&#12377;&#12363;&#65311;<\/dt><dd class=\"faq_a\">\n<p class=\"wp-block-paragraph\">&#12524;&#12496;&#12524;&#12483;&#12472;&#22411;&#12539;&#12452;&#12531;&#12496;&#12540;&#12473;&#22411;&#12398;ETF&#12399;&#12289;&#26032;NISA&#12398;&#25104;&#38263;&#25237;&#36039;&#26528;&#12398;&#23550;&#35937;&#22806;&#12392;&#12373;&#12428;&#12390;&#12356;&#12414;&#12377;&#12290;&#65288;2026&#24180;6&#26376;&#26178;&#28857;&#65289;TBT&#12418;&#12371;&#12398;&#21306;&#20998;&#12395;&#35442;&#24403;&#12377;&#12427;&#12383;&#12417;&#12289;NISA&#12391;&#12398;&#36023;&#20184;&#12399;&#24819;&#23450;&#12375;&#12395;&#12367;&#12356;&#21830;&#21697;&#12391;&#12377;&#12290;&#12354;&#12431;&#12379;&#12390;&#12289;TBT&#12399;&#22269;&#20869;&#12493;&#12483;&#12488;&#35388;&#21048;&#12391;&#12398;&#29694;&#29289;&#21462;&#25201;&#33258;&#20307;&#12364;&#30906;&#35469;&#12391;&#12365;&#12390;&#12356;&#12414;&#12379;&#12435;&#12290;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#26368;&#26032;&#12398;&#23550;&#35937;&#21487;&#21542;&#12539;&#21462;&#25201;&#12399;&#21508;&#35388;&#21048;&#20250;&#31038;&#12398;&#20844;&#24335;&#12469;&#12452;&#12488;&#12420;&#27880;&#25991;&#30011;&#38754;&#12391;&#30906;&#35469;&#12375;&#12390;&#12367;&#12384;&#12373;&#12356;&#12290;<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\"><dt class=\"faq_q\">TBT&#12398;&#21033;&#30410;&#12395;&#12363;&#12363;&#12427;&#31246;&#37329;&#12399;&#12393;&#12358;&#12394;&#12426;&#12414;&#12377;&#12363;&#65311;<\/dt><dd class=\"faq_a\">\n<p class=\"wp-block-paragraph\">&#22269;&#20869;&#35388;&#21048;&#20250;&#31038;&#32076;&#30001;&#12391;&#31859;&#22269;ETF&#12434;&#22770;&#36023;&#12375;&#12383;&#22580;&#21512;&#12289;&#35698;&#28193;&#30410;&#12395;&#12399;&#22269;&#20869;&#12391;&#32004;20%&#65288;20.315%&#65289;&#12398;&#31246;&#37329;&#12364;&#12363;&#12363;&#12426;&#12414;&#12377;&#12290;&#20998;&#37197;&#37329;&#12364;&#12354;&#12427;&#22580;&#21512;&#12399;&#31859;&#22269;&#12391;&#28304;&#27849;&#24500;&#21454;&#12373;&#12428;&#12383;&#12358;&#12360;&#12391;&#22269;&#20869;&#12391;&#12418;&#35506;&#31246;&#12373;&#12428;&#12289;&#30906;&#23450;&#30003;&#21578;&#12391;&#22806;&#22269;&#31246;&#38989;&#25511;&#38500;&#12434;&#21033;&#29992;&#12391;&#12365;&#12427;&#22580;&#21512;&#12364;&#12354;&#12426;&#12414;&#12377;&#12290;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#29305;&#23450;&#21475;&#24231;&#65288;&#28304;&#27849;&#24500;&#21454;&#12354;&#12426;&#65289;&#12395;&#23550;&#24540;&#12375;&#12390;&#12356;&#12427;&#12363;&#12399;&#35388;&#21048;&#20250;&#31038;&#12395;&#12424;&#12387;&#12390;&#30064;&#12394;&#12427;&#12383;&#12417;&#12289;&#35443;&#32048;&#12399;&#21508;&#35388;&#21048;&#20250;&#31038;&#12362;&#12424;&#12403;&#31246;&#29702;&#22763;&#12539;&#31246;&#21209;&#32626;&#12395;&#12372;&#30906;&#35469;&#12367;&#12384;&#12373;&#12356;&#12290;<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\"><dt class=\"faq_q\">TBT&#12399;&#21021;&#24515;&#32773;&#12395;&#12418;&#12362;&#12377;&#12377;&#12417;&#12391;&#12377;&#12363;&#65311;<\/dt><dd class=\"faq_a\">\n<p class=\"wp-block-paragraph\">&#21021;&#24515;&#32773;&#21521;&#12369;&#12392;&#12399;&#35328;&#12356;&#12395;&#12367;&#12356;&#21830;&#21697;&#12391;&#12377;&#12290;&#20516;&#21205;&#12365;&#12364;&#22823;&#12365;&#12367;&#12289;&#37329;&#21033;&#12392;&#20661;&#21048;&#20385;&#26684;&#12398;&#38306;&#20418;&#12420;&#26085;&#27425;&#12522;&#12475;&#12483;&#12488;&#12398;&#20181;&#32068;&#12415;&#12434;&#29702;&#35299;&#12375;&#12394;&#12356;&#12414;&#12414;&#20445;&#26377;&#12377;&#12427;&#12392;&#22823;&#12365;&#12394;&#25613;&#22833;&#12395;&#12388;&#12394;&#12364;&#12427;&#21487;&#33021;&#24615;&#12364;&#12354;&#12426;&#12414;&#12377;&#12290;&#12414;&#12378;&#12399;TLT&#12398;&#12424;&#12358;&#12394;&#36890;&#24120;ETF&#12420;&#25237;&#36039;&#20449;&#35351;&#12391;&#30456;&#22580;&#32076;&#39443;&#12434;&#31309;&#12415;&#12289;&#12524;&#12496;&#12524;&#12483;&#12472;&#12539;&#12452;&#12531;&#12496;&#12540;&#12473;ETF&#12398;&#20181;&#32068;&#12415;&#12434;&#29702;&#35299;&#12375;&#12390;&#12363;&#12425;&#26908;&#35342;&#12377;&#12427;&#12398;&#12364;&#28961;&#38627;&#12391;&#12377;&#12290;<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\"><dt class=\"faq_q\">&#12524;&#12496;&#12524;&#12483;&#12472;&#12539;&#12452;&#12531;&#12496;&#12540;&#12473;ETF&#12399;&#12394;&#12380;&#28187;&#20385;&#12377;&#12427;&#12398;&#12391;&#12377;&#12363;&#65311;<\/dt><dd class=\"faq_a\">\n<p class=\"wp-block-paragraph\">&#20027;&#12394;&#29702;&#30001;&#12399;&#26085;&#27425;&#12522;&#12475;&#12483;&#12488;&#12392;&#35079;&#21033;&#21177;&#26524;&#12391;&#12377;&#12290;&#23550;&#35937;&#25351;&#25968;&#65288;&#31859;&#22269;20&#24180;&#36229;&#22269;&#20661;&#65309;&#38263;&#26399;&#37329;&#21033;&#65289;&#12364;&#19978;&#19979;&#12395;&#22823;&#12365;&#12367;&#25391;&#12428;&#12427;&#12392;&#12289;&#26085;&#12293;&#12398;&#20493;&#29575;&#35336;&#31639;&#12395;&#12424;&#12387;&#12390;ETF&#20385;&#26684;&#12364;&#21066;&#12425;&#12428;&#12427;&#22580;&#21512;&#12364;&#12354;&#12426;&#12414;&#12377;&#12290;&#26041;&#21521;&#24863;&#12398;&#12394;&#12356;&#12508;&#12483;&#12463;&#12473;&#30456;&#22580;&#12391;&#12399;&#12289;&#23550;&#35937;&#25351;&#25968;&#12364;&#27178;&#12400;&#12356;&#12391;&#12418;TBT&#12398;&#20385;&#26684;&#12364;&#19979;&#12364;&#12427;&#12371;&#12392;&#12364;&#12354;&#12426;&#12414;&#12377;&#12290;<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\"><dt class=\"faq_q\">TBT&#12399;&#26292;&#33853;&#26178;&#65288;&#26666;&#23433;&#26178;&#65289;&#12398;&#20445;&#38522;&#12395;&#12394;&#12426;&#12414;&#12377;&#12363;&#65311;<\/dt><dd class=\"faq_a\">\n<p class=\"wp-block-paragraph\">&#24517;&#12378;&#12375;&#12418;&#20445;&#38522;&#12395;&#12394;&#12427;&#12392;&#12399;&#38480;&#12426;&#12414;&#12379;&#12435;&#12290;&#26666;&#23433;&#26178;&#12399;&#12522;&#12473;&#12463;&#22238;&#36991;&#12398;&#20661;&#21048;&#36023;&#12356;&#12391;&#38263;&#26399;&#37329;&#21033;&#12364;&#20302;&#19979;&#12375;&#22269;&#20661;&#20385;&#26684;&#12364;&#19978;&#12364;&#12427;&#12371;&#12392;&#12364;&#22810;&#12367;&#12289;&#12381;&#12398;&#22580;&#21512;&#12505;&#12450;&#22411;&#12398;TBT&#12399;&#19979;&#33853;&#12375;&#12414;&#12377;&#12290;&#36870;&#12395;&#12452;&#12531;&#12501;&#12524;&#12420;&#36001;&#25919;&#19981;&#23433;&#12364;&#20027;&#22240;&#12398;&#23616;&#38754;&#12391;&#12399;&#12289;&#26666;&#23433;&#12392;&#37329;&#21033;&#19978;&#26119;&#12364;&#21516;&#26178;&#12395;&#36914;&#12415;TBT&#12364;&#19978;&#12364;&#12427;&#12371;&#12392;&#12418;&#12354;&#12426;&#12414;&#12377;&#12290;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#26666;&#24335;&#12398;&#20445;&#38522;&#12392;&#12375;&#12390;&#20351;&#12358;&#12394;&#12425;&#12289;&#12504;&#12483;&#12472;&#23550;&#35937;&#12392;&#12398;&#30456;&#38306;&#12434;&#29702;&#35299;&#12375;&#12390;&#12362;&#12367;&#24517;&#35201;&#12364;&#12354;&#12426;&#12414;&#12377;&#12290;<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\"><dt class=\"faq_q\">&#25104;&#34892;&#27880;&#25991;&#12392;&#25351;&#20516;&#27880;&#25991;&#12398;&#12393;&#12385;&#12425;&#12364;&#12356;&#12356;&#12391;&#12377;&#12363;&#65311;<\/dt><dd class=\"faq_a\">\n<p class=\"wp-block-paragraph\">&#12524;&#12496;&#12524;&#12483;&#12472;&#12539;&#12452;&#12531;&#12496;&#12540;&#12473;ETF&#12391;&#12399;&#22522;&#26412;&#30340;&#12395;&#25351;&#20516;&#27880;&#25991;&#12434;&#26908;&#35342;&#12377;&#12427;&#12398;&#12364;&#28961;&#38627;&#12391;&#12377;&#12290;&#20516;&#21205;&#12365;&#12364;&#22823;&#12365;&#12367;&#12473;&#12503;&#12524;&#12483;&#12489;&#12364;&#24195;&#12364;&#12427;&#22580;&#38754;&#12418;&#12354;&#12427;&#12383;&#12417;&#12289;&#25104;&#34892;&#27880;&#25991;&#12391;&#12399;&#24819;&#23450;&#22806;&#12398;&#20385;&#26684;&#12391;&#32004;&#23450;&#12377;&#12427;&#21487;&#33021;&#24615;&#12364;&#12354;&#12426;&#12414;&#12377;&#12290;&#29305;&#12395;&#23492;&#12426;&#20184;&#12365;&#30452;&#24460;&#12420;FOMC&#12539;CPI&#30330;&#34920;&#30452;&#24460;&#12399;&#27880;&#24847;&#12364;&#24517;&#35201;&#12391;&#12377;&#12290;<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\"><dt class=\"faq_q\">TBT&#12392;TMV&#12399;&#12393;&#12385;&#12425;&#12434;&#36984;&#12406;&#12409;&#12365;&#12391;&#12377;&#12363;&#65311;<\/dt><dd class=\"faq_a\">\n<p class=\"wp-block-paragraph\">&#12393;&#12385;&#12425;&#12418;&#37329;&#21033;&#19978;&#26119;&#12391;&#21033;&#30410;&#12434;&#29401;&#12358;&#12505;&#12450;&#22411;&#12391;&#12377;&#12364;&#12289;TBT&#12399;-2&#20493;&#12289;TMV&#12399;-3&#20493;&#12392;&#20493;&#29575;&#12364;&#30064;&#12394;&#12426;&#12414;&#12377;&#12290;TMV&#12398;&#26041;&#12364;&#20516;&#24133;&#12399;&#22823;&#12365;&#12356;&#19968;&#26041;&#12289;&#28187;&#20385;&#12420;&#36870;&#34892;&#26178;&#12398;&#25613;&#22833;&#12418;&#22823;&#12365;&#12367;&#12394;&#12426;&#12420;&#12377;&#12356;&#21830;&#21697;&#12391;&#12377;&#12290;&#21028;&#26029;&#26448;&#26009;&#12399;&#20516;&#24133;&#12539;&#28187;&#20385;&#24046;&#12384;&#12369;&#12391;&#12394;&#12367;&#12289;&#33258;&#20998;&#12398;&#35388;&#21048;&#20250;&#31038;&#12391;&#36023;&#12360;&#12427;&#12363;&#12418;&#29694;&#23455;&#30340;&#12394;&#27770;&#12417;&#25163;&#12395;&#12394;&#12426;&#12414;&#12377;&#12290;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2026&#24180;6&#26376;&#26178;&#28857;&#12391;&#12399;&#12289;&#32232;&#38598;&#37096;&#12364;&#35519;&#26619;&#12375;&#12383;&#31684;&#22258;&#12391;TBT&#12398;&#22269;&#20869;&#29694;&#29289;&#21462;&#25201;&#12399;&#30906;&#35469;&#12391;&#12365;&#12378;&#12289;TMV&#12399;&#22269;&#20869;&#12493;&#12483;&#12488;&#35388;&#21048;&#12391;&#12398;&#21462;&#25201;&#12364;&#30906;&#35469;&#12391;&#12365;&#12414;&#12375;&#12383;&#12290;&#20493;&#29575;&#12398;&#22823;&#12365;&#12373;&#12434;&#35377;&#23481;&#12391;&#12365;&#12427;&#12363;&#12289;&#21462;&#25201;&#29366;&#27841;&#12364;&#12393;&#12358;&#12363;&#12434;&#12354;&#12431;&#12379;&#12390;&#21028;&#26029;&#12375;&#12414;&#12375;&#12423;&#12358;&#12290;<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"swell-block-faq__item\"><dt class=\"faq_q\">TBT&#12364;&#22823;&#25163;&#12493;&#12483;&#12488;&#35388;&#21048;&#12391;&#36023;&#12360;&#12394;&#12356;&#22580;&#21512;&#12398;&#20195;&#26367;&#12399;&#65311;<\/dt><dd class=\"faq_a\">\n<p class=\"wp-block-paragraph\">&#21516;&#26041;&#21521;&#12398;TMV&#65288;-3&#20493;&#12539;&#21462;&#25201;&#12364;&#12354;&#12428;&#12400;&#65289;&#12364;&#12289;&#31859;&#22269;20&#24180;&#36229;&#22269;&#20661;&#12398;&#12505;&#12450;&#22411;&#12392;&#12375;&#12390;&#36817;&#12356;&#24615;&#26684;&#12434;&#25345;&#12385;&#12414;&#12377;&#12290;&#12411;&#12363;&#12395;&#12289;IG&#35388;&#21048;&#12394;&#12393;&#12398;&#31859;&#22269;&#20661;&#20808;&#29289;CFD&#12391;&#37329;&#21033;&#19978;&#26119;&#23616;&#38754;&#12398;&#12471;&#12519;&#12540;&#12488;&#12395;&#36817;&#12356;&#12509;&#12472;&#12471;&#12519;&#12531;&#12434;&#21462;&#12427;&#26041;&#27861;&#12418;&#12354;&#12426;&#12414;&#12377;&#12364;&#12289;CFD&#12399;&#24046;&#37329;&#27770;&#28168;&#12391;&#12524;&#12496;&#12524;&#12483;&#12472;&#12539;&#35388;&#25312;&#37329;&#12539;&#12473;&#12527;&#12483;&#12503;&#12394;&#12393;ETF&#12392;&#20181;&#32068;&#12415;&#12364;&#30064;&#12394;&#12426;&#12414;&#12377;&#12290;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#12356;&#12378;&#12428;&#12418;&#12467;&#12473;&#12488;&#12539;&#12522;&#12473;&#12463;&#12364;&#36949;&#12358;&#12383;&#12417;&#12289;&#20869;&#23481;&#12434;&#29702;&#35299;&#12375;&#12383;&#12358;&#12360;&#12391;&#20013;&#31435;&#12395;&#27604;&#36611;&#12375;&#12289;&#21508;&#31038;&#20844;&#24335;&#12391;&#26368;&#26032;&#12398;&#21462;&#25201;&#29366;&#27841;&#12434;&#30906;&#35469;&#12375;&#12390;&#12367;&#12384;&#12373;&#12356;&#12290;&#65288;2026&#24180;6&#26376;&#26178;&#28857;&#65289;<\/p>\n<\/dd><\/div>\n<\/dl>\n<script 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class=\"wp-block-group is-style-bg_grid has-border -border04\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<p class=\"has-text-align-center u-mb-0 u-mb-ctrl wp-block-paragraph\" style=\"line-height:2\"><span class=\"swl-fz u-fz-s\">\uff3c \u9ad8\u6a5f\u80fd\u306a\u5206\u6790\u30c4\u30fc\u30eb\u3092\u642d\u8f09\uff01\u7c73\u56fd\u682a\u30fbETF\u53d6\u5f15\u306b\u5f37\u3044\u8a3c\u5238\u4f1a\u793e \uff0f<\/span><\/p>\n\n\n\n<div class=\"swell-block-button blue_ -size-l is-style-btn_normal\"><a href=\"https:\/\/woz.co.jp\/jpmedia\/go\/webull-sec-index\/\" target=\"_blank\" rel=\"noopener noreferrer\" class=\"swell-block-button__link\" data-has-icon=\"1\"><span>\u30a6\u30a3\u30d6\u30eb\u8a3c\u5238 \u516c\u5f0f\u30b5\u30a4\u30c8\u3078<\/span><svg class=\"__icon -right\" height=\"1em\" width=\"1em\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" viewBox=\"0 0 48 48\"><path d=\"m33 25.1-13.1 13c-.8.8-2 .8-2.8 0-.8-.8-.8-2 0-2.8L28.4 24 17.1 12.7c-.8-.8-.8-2 0-2.8.8-.8 2-.8 2.8 0l13.1 13c.6.6.6 1.6 0 2.2z\"><\/path><\/svg><\/a><\/div>\n<\/div><\/div>\n\n\n<h2 id=\"summary\" class=\"wp-block-heading\">\u307e\u3068\u3081\uff1aTBT\u306f\u4ed5\u7d44\u307f\u3068\u91d1\u5229\u3092\u7406\u89e3\u3057\u3066\u4f7f\u3046\u4e2d\u4e0a\u7d1a\u8005\u5411\u3051ETF<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">ProShares UltraShort 20+ Year Treasury\uff08TBT\uff09\u306f\u3001\u7c73\u56fd20\u5e74\u8d85\u56fd\u50b5\u6307\u6570\u306b\u5bfe\u3057\u3066-2\u500d\uff08\u65e5\u6b21\uff09\u306e\u5024\u52d5\u304d\u3092\u76ee\u6307\u3059\u30d9\u30a2\u578bETF\u3067\u3059\u3002\u91d1\u5229\u4e0a\u6607\u5c40\u9762\u3067\u5927\u304d\u306a\u5024\u5e45\u3092\u72d9\u3048\u308b\u4e00\u65b9\u3001\u640d\u5931\u3082\u5927\u304d\u304f\u306a\u308a\u3084\u3059\u304f\u3001\u9577\u671f\u4fdd\u6709\u3067\u306f\u6e1b\u4fa1\u30fb\u4e56\u96e2\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p 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